Going with the Intraday Mini-Flow!!

[Saint]

Sold off a third at 4207

Saint

 

[rkkarnani]

We had a first 5 minutes bar with 4199 as high and 4170 as low (this is the correct level I am told)
We go long at 4208 (4199+9) with SL 4163, i.e 47 points SL!!!
Do we book 1/3 at 4255 (4208+47)???? Did a high of 4243.95

 

[ThE HaMmEr]

will we short at 4188 ????

 

[ThE HaMmEr]

low of 10:55 - 11:55 bar broken

 

[vpsarathy]

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

ZWhat is the reason behind reversal? Pl explain

vps

 

[ThE HaMmEr]

ZWhat is the reason behind reversal? Pl explain

vps

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

i didnt get saint sir's point

 

[rkkarnani]

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.

Hi, Dont know if it is prudent to trade as yet!!! The rules are there but are dynamic, Saint still in the process of finalising .... as suggested by Saint let us paper trades for some time!!!

 

[uthuman]

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

What is WRB? Would u please explain?

 

[rajfal]

What is WRB? Would u please explain?

WRB = wide range bar

 

[uthuman]

From tomorrow, market will close between 11.45 to 12.30. So in between gap opening chances are there. What will be the strategy ?