Going with the Intraday Mini-Flow!!

[cheeku]

I think i made two good trades..whether profitable or not ..a different subject..i trade with my rules which i made for myself ..so at EOD i can pat myself " good trade ,buddy .tomorrow will be a new day "

regards

I have shut the doors on Yesterday,
And thrown the keys away,
Tomorrow holds no fear for me,
Since I have found Today!

 

[vpsarathy]

dont know whether I should laugh or feel sorry?

Laugh. Today there have been too many blunders at home too. A blunderday.

vps

 

[niftychance]

Scratch trade day today but we traded correctly as per the system so great day !!!

Smart_trade

here's the smiley u wanted to post

Cheers

 

[vpsarathy]

Exite at 4230. 4256-4230=26+4 of the prev trade = 30 pts = Rs 1250 per lot loss
Tomorrow is another day.
vps

 

[Smart_trade]

here's the smiley u wanted to post

Cheers

Yes NC tried twice but was making some error I guess,Thanks

 

[niftychance]

Getting the image and explanation at one place

Scenario 1:Bar 2 forms,our long entry at Bar 1 +Rs9,our short entry at Bar 1-Rs9

Scenario 2:Bar 1 forms,if the high was taken out first,we would be long at Bar 1 +Rs9.......price then falls and takes out our stop at Bar 1-Rs9.Stops are triggerred,Shorts are in place.Bar 3 takes out the low of Bar 2,....great.Bar 3 takes out the high of Bar 2 and we revert back to longs.

Scenario 3:Long over Bar 1,stops below Bar 1

Scenario 4:Short below Bar 1,stops above bar 1.

Saint

Thanks

 

[Saint]

As indicated above,shorted 4 lots a 4254.Covered and went long at 4256............-0.4k

Long 6 lots at 4256,exitted all at 4230........-7.8k.

Net Profit/Loss=-8.2 k

Capital for tomorrow that we base our math upon=12.12-0.08L=12.04L

Brief analysis:

TRADE 1osition sized accordingly,Stops adhered to,Good Entry and Exit......GOOD TRADE.

TRADE 2osition Size,Entry,Exit,Stops all to Plan......GOOD TRADE.

Saint

 

[Saint]

Notice that the trend of the 5min break continues.......if we had held till the last 5min,it would have been one small profit trade.

Then why didn't we just do that.......hold instead of allowing ourselves to get stopped out?

Here lies the Problem.........As stated,56% of the time,just holding it is win trades.30% if just held is sideways trades.....That 14% on the other hand becomes a big loss if just held till the end.Therefore the reversals at each previous bar.

Doing what we do now,we have most of the 56% and the 14% on our side........The rest will be mild loss days.Calculating the losses taken by the reversal at each bar and comparing it to just holding all trades till the end puts us in a situation of minimal losses and huge wins,with a great amount of wins than losses.Holding the trades till the end gives us an even greater amount of wins as compared to losses,but the amount of losses per trade when it happens,goes through the roof.

Doing this sometimes and that sometimes brings our discretion into the trade.And then we are back to analysing and bringing our smartness into the trade which we don't want to.

Saint

 

[rkkarnani]

Friends please do not PM me for the compilation, the link is already posted!!! I have to clean my PM!!!
Here is the link again :
http://www. 4shared. com/file/63963818/5547222/Going_with_the_Intraday_Mini-Flow. html

 

[rh6996]

Friends please do not PM me for the compilation, the link is already posted!!! I have to clean my PM!!!
Here is the link again :
http://www. 4shared. com/file/63963818/5547222/Going_with_the_Intraday_Mini-Flow. html

Rkk, Thanx for an excellent effort!!!
-Kanchan
ps.: Pressing Thanx button would do, but ue effor required to be thanked personally!!