Going with the Intraday Mini-Flow!!

[Smart_trade]

Posting today's (23-10-2008) Nifty Futures chart with trades as understood by me marked on it


Smart_trade

 

[musicjunkie]

I agree with ST, We would have reversed at break of black bar, and reverted to long again on break of 30min PH.

Regards
MJ-

 

[pakatil]

Stops now at 3013-7

I am rather elated to find that my Trade matched with mighty Rakesh.

Shorted Minifty 3018 - 7 = 3011. Covered @ 2911.

OMG, 100 points gains, dream of any Day Trader.

Thank You Rakesh. You have boosted my morale.

Cheers

 

[Saint]

Posting today's (23-10-2008) Nifty Futures chart with trades as understood by me marked on it


Smart_trade

Excellent....excellent....Wasn't here the latter part of the day.Hope everyone put up the trade as put above by Smart.

If so,great going!

Got a nice long trade and exitted..........When batteries down,best to go easy.Missed a nice move to the down.Well done,everyone!

Saint

 

[HEM]

Posting today's (23-10-2008) Nifty Futures chart with trades as understood by me marked on it


Smart_trade

thanks smart trade.

 

[Saint]

Uthuman,vijay,

I have also not understood why we reversed our short position into long at 2978,probably the fake breakout as Saint said. But I reversed at 3000+7=3007 on 15 min PH

ST

Correct on the 3007 entry.

Saint

 

[Saint]

Some excellent learning charts put up by MB yesterday and MJ today.

Great stuff!

Saint

 

[no1lives4ever]

This is a question for all those who are doing backtests...

Do you open the chart and then try to apply the rules, while the right hand side is visible, or do you backtest by looking only at the left hand side, while bringing the right hand side one bar at a time?

I ask this because when I try to do backtests with the right hand side visible, i find that it does not include a lot of the surprise unknown feeling that is present when you do actual live trading. With the current volatile markets, it makes things that much tougher to implement in real trades that on past data.

Or is the backtest done only to find out the best possible outcome for a given method and to find out filters?

When testing automated trading systems, this kinda problem never really comes as the backtest is automated by the software, while with discretionary systems like those based on pivots, a key point is to identify pivots w/o knowing the future data.

I suppose I am facing the same problem that every beginner faces when trying to use pivots and reversal bars. It is dead simple to identify them in the middle of a chart, but quite difficult to identify the pivots and especially the reversal points on the right hand side of the chart.

-- no1lives4ever

 

[Saint]

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.

Very nice Kapil......seeing things well,my friend,great going!!

Saint

 

[uthuman]

That is for 60 min uthuman...
I am using 10 for fresh entry and 7 for revert, no adds as of now... will backtest by this weekend... Then will check with Saint if I got it right!

Regards

Thanks MB.
Please post the intraday filters for LT, HDIL, JPA, ABAN also.