Going with the Intraday Mini-Flow!!

[lvgandhi]

For me 12 noon bar its showing 4283.50. Any where I am making mistake?

As per my Nifty Future chart, I have given the value.

 

[lvgandhi]

LVG, My high is also 4286!!! By the way when you get 4282.25 it is better to take the next higher integer for going Long or SL for short, no such rule but found it better working!!!

For me my Nifty future chart one min shows 4285.6 at 10:59 and then only 12:04 shows 4286 as high. Hence my 60 min chart shows 4285.25 which was high at 11:05 in one min chart

 

[lvgandhi]

but this way, we might just end up moving our SAR or SL levels farther and end up with huge losses...what do you say? But since it is an intraday trade, our SL or SAR would hit sooner or later in that case..am i right??

May be we end up with loss on particular day. But we are following the rule to be consistent so that we gain in long run.

 

[Saint]

SL moved to 11 AM high + filter right!!!
Now how do we decide whether it is a pure SL or reversal!!!???

Any views friends!!!!

I have been reversing all trades.......left that decision open as I need to look into the last 15mths and analyse reversal each time,etc.....Not reversing each time brings discretion into the play and therefore the "I,me,my"......

For today,reverse at 4282+9=4291.........will get back to you by tonight with a definite rule.

Saint

 

[Smart_trade]

TRAIL STOP:Let us take the trade as long so that I don't have to repeat the same thing twice.......basically vice versa for shorts.......The second bar of the day(60min bar) puts in a Hgher high and higher low(hope you get it,not higher pivot high and low......just higher high and low.Now the third bar puts in a higher high and low.Move stops to the low of the 2nd bar's low -9.Once the 4th bar makes higher high and low,move stops to the low of 3rd bar-Rs9.

Friends read the post above by Saint.He is saying after 3rd 60 min bar is complete ie in 4 th 60 min bar trading he is moving SL to low of 2nd bar so 2 bars back low less 9. This is my understanding.

 

[nagendra_gb]

After all our discussion our Stoploss to shorts at 4291 am i right

 

[Saint]

High of prev bar +9=Reversal point ie 4291

If this bar closes here,high of prev bar +9=4286+9=4295 is the reversal point.

Saint

 

[Saint]

TRAIL STOP:Let us take the trade as long so that I don't have to repeat the same thing twice.......basically vice versa for shorts.......The second bar of the day(60min bar) puts in a Hgher high and higher low(hope you get it,not higher pivot high and low......just higher high and low.Now the third bar puts in a higher high and low.Move stops to the low of the 2nd bar's low -9.Once the 4th bar makes higher high and low,move stops to the low of 3rd bar-Rs9.

Friends read the post above by Saint.He is saying after 3rd 60 min bar is complete ie in 4 th 60 min bar trading he is moving SL to low of 2nd bar so 2 bars back low less 9. This is my understanding.

Okay....need to rephrase that one again tonight.

60min Flow 2 bar method:Only on completion of the Bar 3 do we move stops to high of Bar 1.

Intraday Mini Flow:At the start of each bar,move stops to the high of the previous bar.

We are talking downtrend in the above example.......

Saint

 

[ThE HaMmEr]

TRAIL STOP:Let us take the trade as long so that I don't have to repeat the same thing twice.......basically vice versa for shorts.......The second bar of the day(60min bar) puts in a Hgher high and higher low(hope you get it,not higher pivot high and low......just higher high and low.Now the third bar puts in a higher high and low.Move stops to the low of the 2nd bar's low -9.Once the 4th bar makes higher high and low,move stops to the low of 3rd bar-Rs9.

Friends read the post above by Saint.He is saying after 3rd 60 min bar is complete ie in 4 th 60 min bar trading he is moving SL to low of 2nd bar so 2 bars back low less 9. This is my understanding.

as per my understanding he is stating that after every new hourly bar look at the previous bar.......and SL is ----> low of that bar -9 (in case we r long)

for short ----> vice versa



*already answered by saint sir in d above post

 

[kapil123]

Hello Friends


As we are using bar-by-bar analysis, there are only limited combinations (4 to be precise)

Write down action to be taken on every type... then there will be no confusion while trading...

Will update after markets...

Thanks

Here I have confusion for the SL for the cases 1 and 2 . It is perfectly fine for 3 and 4.