Going with the Intraday Mini-Flow!!

[kapil123]

Who is the winner? Anybody still carrying the position?

 

[niftychance]

Who is the winner? Anybody still carrying the position?

Not me ... out 100 points back ...

 

[Smart_trade]

Who is the winner? Anybody still carrying the position?

Not me,terminal not working and mkt too fast to trade on telephone.Taking rest.

ST

 

[kapil123]

We started trading this method on 25th Sept. At that time NF was around 4200 level and today after one month it's trading at 2565. That's a whooping 1635 points fall in Nifty.

 

[orderflow13]

seems no one carry there short positions .... i was out, was that cuz terminal hanging as usual on such days? or is it that targets been achieved ? we need to have a solution on this as days like this will not come every day .. anyhow todays trade gave us diwali gift for sure.. infact a bumper gift
thanks saint you have the lions share in our gifts

 

[rajendrani]

Was a great day for, but as the market crumbled down more and more, now the question arises should we continue day trading on monday or just wait for some time to get it settle down.

Today almost all of us got out in the middle only. I was very happy with my profits what I made today, thanks to saints methods.

But what next, should we go on as the regular day for monday or wait.

Seniors please advice.

Thanks and regards,
Rajendrani

 

[Prabhjeet]

Nice HDIL....MJ,Prabhjeet,hope you guys are in this one

Saint

Sorry Saint, could not answer you in the morning as I was not keeping a check on this thread.

No positions in HDIL Saint either 60 min. or intraday, it has lost its calm character that I used to love, now only trading Aban 60 min. with very light positions, already made a killing on overnight positions of Aban.

Thanks for Diwali gifts, I can guess there will be thousands of prayers for you & your family this diwali

Regards

 

[columbus]

seems no one carry there short positions .... i was out, was that cuz terminal hanging as usual on such days? or is it that targets been achieved ? we need to have a solution on this as days like this will not come every day .. anyhow todays trade gave us diwali gift for sure.. infact a bumper gift
thanks saint you have the lions share in our gifts

Alex,

Generally on those days ,I put an order to SQUARE OFF trade with
sufficient cushion.If power and internet are there ,I keep on modify
the order otherwise the order gets executed.It is better to be SOMETHING rather than SORRY.

 

[Sunil]

Enjoy the Festival of Lights

 

[Smart_trade]

Not many posts here this evening.Everyone enjoying profits ?

Saint are you feeling well ? If so please guide me on my following doubt.

I am posting NF 30 min chart below :

We had a strong breakout bar at 2:00 yesterday (23-10-08) .The next bar was a bearish bar (black candle ) as a resting bar. I have read a rule that the resting bar is ok but the next bar after resting bar has to continue in the direction of WRB (bullish in our example).If it breaks the low of the resting bar then reverse.

There could be 2-3 sideways movement bars after WRB and we will assume the first bar as resting bar but 2nd bar can break the low of the resting bar in a sideways movement and we will reverse our position prematurely on break of resting bar low (low of 1st bar of the sideways movement. How do we guard against this premature reversal ?

Should we cosider the length of the resting bar ? In our case resting bar was a WRB in itself so I was very confident of reversing below the low of this bar but had it been a smallish bar,then I would not have been very sure of reversal if this bar,s low is cracked in next 1-2 bars.

How do I solve this bit of a dilema ?

Answer at your convenience.

Smart_trade