Going with the Intraday Mini-Flow!!

[Saint]

Still in the middle of checking a few things.......expect a few changes to the plot in time to come.

Sincere apologies.....

Saint

 

[Saint]

Few Changes:

---Entry as planned.......no changes there.
---Profits as planned......no changes there.
---Stop loss at Rs9 from the high of the opening bar,if short,or low of the opening bar if long.......again,no changes there.

-----Trail Stop removed.....Removing the active involvement.Risk at the beginning of the trade is x%,....so allowing the trade to take its course.If stopped,taking that x% loss.

------PositionSizing Percent Risk: Decreasing the percent risk per trade to 1%,leaving the option open of a possible add.Add if looking juicy keeping the risk at 1.5% max.


Inclusion:A few candlestick reversal patterns......all the V-reversals that happen gave us a warning signal with that candlestick pattern again and again.Will discuss about it later.

Other than that,buy or short with a stop and get out most likely at the end unless we get that reversal signal.

Saint


ps:Apologies once again for these regular changes.....

 

[trillian]

I take this opportunity to thank my guru Saint for giving an strategy for intraday trading.

And also I request niftychance to put flowchart(diagram) for this strategy with all above correction mentioned by Saint in this strategy.

Thanks,

Regards.

 

[vpsarathy]

Saint,

Your greatness is in giving a system which is simple and very easy to follow. No need for Tech Analysis, MACD, MAs etc. Look at the bar and trade. This system even school kid can follow and become a good trader.

Than you for giving us a great system.

vps

 

[niftychance]

I take this opportunity to thank my guru Saint for giving an strategy for intraday trading.

And also I request niftychance to put flowchart(diagram) for this strategy with all above correction mentioned by Saint in this strategy.

Thanks,

Regards.

Will do that... Just let us give it some time to be finalized by Boss ...

Meanwhile here's the updated Rules in a PDF file ...

Thanks

 

[Smart_trade]

Will do that... Just let us give it some time to be finalized by Boss ...

Meanwhile here's the updated Rules in a PDF file ...

Thanks

Great efforts NC , was happy to see the way you incorporated latest changes in trail SAR rules incorporated by Saint .Pressing a thanks button was not sufficient hence this post.

Best Wishes,

Smart_trade

 

[rkkarnani]

Will do that... Just let us give it some time to be finalized by Boss ...

Meanwhile here's the updated Rules in a PDF file ...

Thanks

Hi Chance, Though I am compiling the Thread,its a simple copy paste thing but feel you can do a better job!! When time permits please include the questions and answers, queries and clarifications in your PDF!!!
All the best!!

 

[vpsarathy]

Will do that... Just let us give it some time to be finalized by Boss ...

Meanwhile here's the updated Rules in a PDF file ...

Thanks

A job neatly done deserves appreciation. Thank you niftychance
vps

 

[lvgandhi]

Gap days are the sweetest to trade......but those few were tough.Was very difficult in the 60min Flow as well.

Saint

Dear Saint,
Thanks for your post.
Tough as per new rules trailing stop is discontinued, I have done analysis for few days in beginning of Sep 2008. Tough 1 and 2 are same. On 4, 5 and 8th some trades I have done extra but as per my chart bars. I have followed privious bar values at the start of next bar.
For example on 4th, after going long at 13:00 bar, its low 4452 becomes SL for 14:00. Hence at 14:00 we are once again short at 4443. This was not there in your chart. I am giving below my table.

Will you please point out the mistakes?

 

[rkkarnani]

Gap days are the sweetest to trade......but those few were tough.Was very difficult in the 60min Flow as well.

Saint

Hi Saint, Simply great initiative and effort.....you dont allow a single valid request from anyone unresponded!!!! Thanks for posting the trades of September beginning!!!!

Saint in the trades on 1st September, please note that the ADD at 3449 comes around 3.10 PM, feel it's not done, here you would be looking forward to exiting your positions gradually!!!!! Or am i mistaken!!!
You might have knowingly used the ADD as a routine as it is not clear on a 60 minutes chart the exact time when the ADD level came!!! I thought that you might have just used ADD in 'flow' not realising it is at ~3.10

Is it possible for you, for lesser mortals like me, , , to suggest a cut off time for ADDs and also when to start the "exit from positions exercise"!!!

Regards!!
R K Karnani
ps.: Can u kindly check the trades for 4th again!!!