Going with the Intraday Mini-Flow!!

[musicjunkie]

I have a feeling Nifty is two timing on MB....eh ehe he

 

[milkyblack]

let me tell you...lot of guys behind your NF. Take care...lot of prying eyes on your love.

Yeah I know

But never mind... Saint is there to train me to make her mine

Regards

 

[VJAY]

Today when we entered that long trade @ 3007 Vijay it was a simple Pivot setup. Please see the 15min charts, it very clear there.
All out at 2978 was an exit below the WRB, now why are we using WRB exits if we should use ONLY pivots as described in the method?

Well, here comes in a little bit of discretion and simple logic, IF we have huge buying which results in a WRB and the next 2 bars take out the low, it means the WRB has been negated.

You can apply this logic again in any chart on hammers too....but see it with other time frames converging...

Hope I answered the question, if not, please ask again, I will try my best to answer


Thanks MJ,

Please check the chart are you refering these WRB bar at 20 min ?

VJAY
Regards,
MJ

 

[orderflow13]

Yeah I know

But never mind... Saint is there to train me to make her mine

Regards

paradigm shift ... changing from trade guru to love guru ....LOLL

 

[milkyblack]

paradigm shift ... changing from trade guru to love guru ....LOLL

Indeed not guru.... guru are too great people... I am not one among them... in any aspect of my life... Saint is the GURU... not only in trading... I assume in other parts of life too...

by the way, the romantic part of my life is fading day by day...

Regards

 

[Smart_trade]

No Vijay,MJ probably is not referring to the bars you have shown.

What he is probably refering to is that we had a WRB on 30 at 2.00 and the next bar on 30 was a large bearish bar and in the next bar(3.00 bar),the low of the WRB at 2.00 is broken negating the WRB and hence he liquidated his long position there .

Am I with you MJ ?

Smart_trade

 

[kapil123]

No Vijay,MJ probably is not referring to the bars you have shown.

What he is probably refering to is that we had a WRB on 30 at 2.00 and the next bar on 30 was a large bearish bar and in the next bar(3.00 bar),the low of the WRB at 2.00 is broken negating the WRB and hence he liquidated his long position there .

Am I with you MJ ?

Smart_trade

But ST, we had a bearish bar after the WRB. Shouldn't the low of that bearish bar i.e.3013-Room be considered as SAR. I think that's what Saint had written about reversals.

Or has there been any change recently that I have missed.

I am giving the text below from what Saint had written:

e)30min chart shows LL-LH.......all time frames down....and then a WRB on high volume that closes near its lows,followed by a bullish candle(no problem....resting candle....expect the next move to be a continuation move down......not getting it is reversal...Buy above the bullish candle.

 

[uthuman]

No Vijay,MJ probably is not referring to the bars you have shown.

What he is probably refering to is that we had a WRB on 30 at 2.00 and the next bar on 30 was a large bearish bar and in the next bar(3.00 bar),the low of the WRB at 2.00 is broken negating the WRB and hence he liquidated his long position there .

Am I with you MJ ?

Smart_trade

ST not like that. We were on short and we have covered at 2978 and entered into long at 3007. I could not understand the cover at 2978.

 

[musicjunkie]

Smart trade is right....im talking of WRB at 2

Sorry for adding to the confusion Vijay...

MJ-

 

[uthuman]

MJ,
Please explain the following.
WRB at 2 we entered into long at 3007
But before that we exit from our short position at 2978. This I couldn't understand.

uthuman

Smart trade is right....im talking of WRB at 2

Sorry for adding to the confusion Vijay...

MJ-