Going with the Intraday Mini-Flow!!

[rkkarnani]

buddy i am having odin diet.....i donn have d charts fr now.......i saw d 1st trade happen at 4170......

Sumtimes the systems and charts give d false values.........

Thanx for the clarification, got ur point, however the question is not about the 1st trade, but low of first five minutes!!! Have been told that even the traders using Neat or Odin at times do not see the levels on screen but the same are traded!!!
Any suggestion how to over come this??

 

[rajfal]

NF not able to sustain above yesterdays' close.

Can we raise the stop to 4188 - room?

Regards,

Raaj

 

[Saint]

Can we try out : To put SL below the 11 AM low once the 12 Noon bar crosses the 11 AM high!!!!

On a day where you get 6 of the 7 bars in one direction.......everything looks great.Then,it works........The problem with that strategy is that on sideways days,it will take you out this way and that way and leave you at the end of the day holding a bagfull of regrets.

Suggestion:If you get vertical moves with WRB,yes,do the above as planned by yourself.If you get smallish bars,but a neat move to the top,do what we do with the 2 bar method.Bring the stops to 2 bars back.Otherwise,keep stops where they are.

Saint

 

[niftychance]

Thanx for the clarification, got ur point, however the question is not about the 1st trade, but low of first five minutes!!! Have been told that even the traders using Neat or Odin at times do not see the levels on screen but the same are traded!!!
Any suggestion how to over come this??

Hello Sir

If possible filter out first few seconds of data . . . (pre-open orders... or commonly refered as freak trades . . .)

I also use only ODIN with very basic chart but its good enf for this method . . .

Thanks

 

[rajfal]

Thanx for the clarification, got ur point, however the question is not about the 1st trade, but low of first five minutes!!! Have been told that even the traders using Neat or Odin at times do not see the levels on screen but the same are traded!!!
Any suggestion how to over come this??

Hi rk,

I feel we should stick to what is visible on charts.....

Btw, it has been my observance that such freak level as recorded at the very start of trading are often the indication that we will eventually reach there...

Just my opinion.

Raaj

 

[ThE HaMmEr]

Thanx for the clarification, got ur point, however the question is not about the 1st trade, but low of first five minutes!!! Have been told that even the traders using Neat or Odin at times do not see the levels on screen but the same are traded!!!
Any suggestion how to over come this??

i just compare wid all d friends here........

 

[Saint]

Presuming we have a close this candle at 4220-4222......and have a look at the candle now(it's at 4222 now)......if this candle stays here,we are shifting directions to below that candle's low -Rs9

To reiterate:If we get a Topping Tail Doji like candle,look to stop out and reverse positions at the low of the current candle -Rs9

If in the last minute,things move on up,all's fine.

Saint

 

[SMART_Trader]

Day trading for the first time in life.Today on leave from office. Suffering from Madras eye,but could not resist trading..
Real money on the line.just one lot of NF.Nice experience.Hooked.

 

[ThE HaMmEr]

Details of 10:55 - 11:55 bar :---

high ---> 4243

low --- > 4196.20

 

[lvgandhi]

Dear Saint
Low of 12 noon bar, which looks like topping tail bar, is 4197. Hence reversal at 4188. Am I correct.