Going with the Intraday Mini-Flow!!

[Smart_trade]

By alex_laxya

30 min. tf, yesterday

If we consider second bar after red wrb as a negation bar, and very next bar as a resting white bar, then h.of this bar + room bo taken as entry point then we wd hv whipsawed out.
Is this a valid entry point or i am taking this negating bar concept in wrong context ?
We didnt trade in afternoon hours but if we wd have i must have confused, i am not getting the concept clear, it will extreme help if some one clarify bit more.

Is your data wrong Alex ? The high of the negation white bar after the black WRB is 2729.45 so the long reversal entry will be at 2729.45+7=2736.45 and it is not triggered in the next bar as high of next bar is 2735. Just saved narrowly.

But yes if it had hit and we reversed,we have to reverse below the PL break and say "hmmmm just too bad !!!"

ST


EDIT : Sorry RKK,our posts crossed,did not see yr post

 

[orderflow13]

The 12.30 bars High value is 2729.45!!!!!! The high of bar at 1 PM is 2727, The high of bar at 1.30 is at 2735!!!
Why would we not go above the 12.30 high plus room!!!??? More so when the difference is so small!!!

.. confusion from my end, u right we should consider 12.30 bar h of 2729.45 so ..2736.45 wd hv trigger as buy, which it did not. Thanks for solving my problem ... so fast !!
edit.. didnt see ST'S post .. added in credit list.. S_T

 

[orderflow13]

We might have saved by whisker, but we cant take it for granted, since we considering negating bar, shouldnt we consider the quality of the negating bar? how about we set the limit of 78 % retrace limit for negating bar? or negating bar must be hammer,lower/higher wicks etc.. or without making it complicated we better take loss on stride ??

 

[TFL]

We might have saved by whisker, but we cant take it for granted, since we considering negating bar, shouldnt we consider the quality of the negating bar? how about we set the limit of 78 % retrace limit for negating bar? or negating bar must be hammer,lower/higher wicks etc.. or without making it complicated we better take loss on stride ??

What's is really a Negating Bar 'here'? Can any one explain with an image?

Thanks,
Hari

 

[rkkarnani]

We might have saved by whisker, but we cant take it for granted, since we considering negating bar, shouldnt we consider the quality of the negating bar? how about we set the limit of 78 % retrace limit for negating bar? or negating bar must be hammer,lower/higher wicks etc.. or without making it complicated we better take loss on stride ??

Maybe you will find situations where even 78% was saved by a whisker or we got whip lashed by a whisker!!!
Would it be better to consider to raise the filter to 14 as we do in case of first trade!!!???

 

[ARMHM]

Will some give me the link to the thread '5min flow' please?
vps

Is there a thread called "5 minute flow"??

 

[orderflow13]

What's is really a Negating Bar 'here'? Can any one explain with an image?

Thanks,
Hari

you might want to see saint sir's reply to smart trade.
this is the link , the bar after the wrb is negating bar ( reverse of wrb )
http://www.traderji.com/day-trading-stocks/24071-going-intraday-mini-flow-494.html

 

[orderflow13]

Maybe you will find situations where even 78% was saved by a whisker or we got whip lashed by a whisker!!!
Would it be better to consider to raise the filter to 14 as we do in case of first trade!!!???

i was checking past data of nf,30 min tf, i found its very rare that wrb has been negated, and more rare is after negating wrb, the break of negating bar turn out to be false breakout. i think we will be still in the profit if we whipsawed out sometimes, thats what past data suggest.
interestingly i am finding more whipsaws and false signals in equity shares on the same parameter.

 

[Reji]

Hi friends,

Just curious! What is the significance of Inside bar? Have noticed a chart from Smart Trade. Alex also commented about that. Moreover, I remember a post from T Sunil reiterate its significance.

Regards

Reji

 

[Sunil]

Is there a thread called "5 minute flow"??

5 min micro-mini flow method will make a one-time once-in-a-year special appearance on 28th October (Tuesday) on Muhurat Trading day during 6:15pm & 7:15pm.

Be sure to catch it, & try to start the new year on a good note.

MY BEST WISHES