Going with the Intraday Mini-Flow!!

[nilaish]

Posting yesterday's NF chart.

Taking a clue from Saint Sir's post that he looks at hourly chart support/resistances for booking profits I did some targetting based on trendline analysis and was very pleased to get exact target for yesterday's (7-11-2008) upmove and I share the same as under :

I have shown 60 min NF chart above.To get the target for profit booking in the upmove ,I have drawn a trendline from 3:00 PH on 6/11 and 11:00 PH on 7/11 and extended the same.Now we measure the distance between the PL below the trendline and the trendline value above it (2990-2870 =120 points).
Add this distance to the trendline breakout point to get exact target for the upmove. Thus 2905+120 = 3025 was the target and the upmove went upto 3626.80 Was n't the target for profit booking accurate ?

This post is little off topic but thought friends will be interested.

Smart_trade

Dear Smart_trade,
your study on Demark Indicators is simply superb ? I hope u will apply more of it on both mini flow and 60 min flow chart? keep it up

nilaish

 

[rajendrani]

Posting yesterday's NF chart.

Taking a clue from Saint Sir's post that he looks at hourly chart support/resistances for booking profits I did some targetting based on trendline analysis and was very pleased to get exact target for yesterday's (7-11-2008) upmove and I share the same as under :

I have shown 60 min NF chart above.To get the target for profit booking in the upmove ,I have drawn a trendline from 3:00 PH on 6/11 and 11:00 PH on 7/11 and extended the same.Now we measure the distance between the PL below the trendline and the trendline value above it (2990-2870 =120 points).
Add this distance to the trendline breakout point to get exact target for the upmove. Thus 2905+120 = 3025 was the target and the upmove went upto 3626.80 Was n't the target for profit booking accurate ?

This post is little off topic but thought friends will be interested.

Smart_trade

Edit : In the chart last line there is a typo,read as PH instead of PL

Simply awesome, keep up the good work bro and help us to learn more.

Thanks,
rajendrani

 

[trillian]

Posting yesterday's NF chart.

Taking a clue from Saint Sir's post that he looks at hourly chart support/resistances for booking profits I did some targetting based on trendline analysis and was very pleased to get exact target for yesterday's (7-11-2008) upmove and I share the same as under :

I have shown 60 min NF chart above.To get the target for profit booking in the upmove ,I have drawn a trendline from 3:00 PH on 6/11 and 11:00 PH on 7/11 and extended the same.Now we measure the distance between the PL below the trendline and the trendline value above it (2990-2870 =120 points).
Add this distance to the trendline breakout point to get exact target for the upmove. Thus 2905+120 = 3025 was the target and the upmove went upto 3626.80 Was n't the target for profit booking accurate ?

This post is little off topic but thought friends will be interested.

Smart_trade

Edit : In the chart last line there is a typo,read as PH instead of PL

Hi smarty,

Gr8 explanation in deed. Thanks mate.

Thus 2905+120 = 3025 was the target and the upmove went upto 3626.80 Was n't the target for profit booking accurate ?

Again I think there is an typo error 3626.80 and it should be 3026.80. Me once again found that

 

[uthuman]

Thanks ST,

Great learning..This will definitely change our trading pattern..

uthuman

Posting yesterday's NF chart.

Taking a clue from Saint Sir's post that he looks at hourly chart support/resistances for booking profits I did some targetting based on trendline analysis and was very pleased to get exact target for yesterday's (7-11-2008) upmove and I share the same as under :

I have shown 60 min NF chart above.To get the target for profit booking in the upmove ,I have drawn a trendline from 3:00 PH on 6/11 and 11:00 PH on 7/11 and extended the same.Now we measure the distance between the PL below the trendline and the trendline value above it (2990-2870 =120 points).
Add this distance to the trendline breakout point to get exact target for the upmove. Thus 2905+120 = 3025 was the target and the upmove went upto 3626.80 Was n't the target for profit booking accurate ?

This post is little off topic but thought friends will be interested.

Smart_trade

Edit : In the chart last line there is a typo,read as PH instead of PL

 

[Smart_trade]

Hi smarty,

Gr8 explanation in deed. Thanks mate.



Again I think there is an typo error 3626.80 and it should be 3026.80. Me once again found that

Yes trillian,again a typo by me, o' boy, you are smarter than me... he he he...,just joking but thanks for pointing out,now corrected.

ST

 

[rkkarnani]

Thanks inspire.

Instead of quoting the page no, if we quote the post no, it will be very useful to everybody. Because many of our friends have changed the settings as latest post as their first page and changed the no. of posts will appear in a single page from 20 to 50.

Thanks.

regards,
uthuman

Quote:
Originally Posted by inspire
Dear Dnj -

Pg 77 where it all began
Pg 195/196 - A very good analysis by Saint Sir bar by bar for 04 June trades. Thanks to Ratan for the question.
Pg 254 - link by Alex to master thread library where is is keeping a compilation
Pg 280 Trade Examples (Really good ones to get Saint Sir's perspective/minute observations..... along with reasoning, helpful)
Pg 295 Scalping Notes
Pg 312/313 by Saint are important... with examples and lots of perspective.
Pg 473 Compilations by NC
Pg 561 Compilations downloads by Bee....

Hope this helps
Inspire.

Uthuman...

Its very simple : Page no 77 means Post nos. 761 to 770
Page 254 : Thread no. 2531 to 2540
Page 473 : Thread no. 4721 to 4730 etc. etc.

 

[TFL]

Trading System - Intraday MiniFlow.
Date - 07 Nov 2008

Seniors and my friends, excuse me and please put remarks if there is anything wrong...or missed.

Update:
Quoted from Saint.

That may be the reason for his 1/2 profit book in the trade.(My view.)

Regards,
Haribird.

NIFTY, Out 1/3 at 2965

Haribird.

Why? Any particular reason for getting out?

isnt it too early

Hari.

 

[TFL]

Posting yesterday's NF chart.

Taking a clue from Saint Sir's post that he looks at hourly chart support/resistances for booking profits I did some targetting based on trendline analysis and was very pleased to get exact target for yesterday's (7-11-2008) upmove and I share the same as under :

I have shown 60 min NF chart above.To get the target for profit booking in the upmove ,I have drawn a trendline from 3:00 PH on 6/11 and 11:00 PH on 7/11 and extended the same.Now we measure the distance between the PL below the trendline and the trendline value above it (2990-2870 =120 points).
Add this distance to the trendline breakout point to get exact target for the upmove. Thus 2905+120 = 3025 was the target and the upmove went upto 3026.80 Was n't the target for profit booking accurate ?

This post is little off topic but thought friends will be interested.

Smart_trade

Edit : In the chart last line there is a typo,read as PH instead of PL

Excellent Smart_Trade... You are really smart.

Did you back testing and found whether Saint is finding points to book profit like this always? Expecting more and more stuffs from you.

Hari.

 

[TFL]

Posting yesterday's NF chart.

Taking a clue from Saint Sir's post that he looks at hourly chart support/resistances for booking profits I did some targetting based on trendline analysis and was very pleased to get exact target for yesterday's (7-11-2008) upmove and I share the same as under :

I have shown 60 min NF chart above.To get the target for profit booking in the upmove ,I have drawn a trendline from 3:00 PH on 6/11 and 11:00 PH on 7/11 and extended the same.Now we measure the distance between the PL below the trendline and the trendline value above it (2990-2870 =120 points).
Add this distance to the trendline breakout point to get exact target for the upmove. Thus 2905+120 = 3025 was the target and the upmove went upto 3026.80 Was n't the target for profit booking accurate ?

This post is little off topic but thought friends will be interested.

Smart_trade

Edit : In the chart last line there is a typo,read as PH instead of PL

Smart_Trade,

I have some doubts please clarify.

1. The actual price breakout happened at the opening of the 13:00 bar(2912.40), so do we need to consider 2912.4 rather than 2905(2902.11 in my chart)?

2. You consider the breakout point after the close of the 13:00 bar?

Thank you.
Hari.

 

[Smart_trade]

Smart_Trade,

I have some doubts please clarify.

1. The actual price breakout happened at the opening of the 13:00 bar(2912.40), so do we need to consider 2912.4 rather than 2905(2902.11 in my chart)?

2. You consider the breakout point after the close of the 13:00 bar?

Thank you.
Hari.

Thanks for the kind words and the interest shown,Hari

1) The breakout point is the intersection of trendline and the breakout bar.

2) Breakout is said to have occured when the price goes above the downsloping trendline,you need not wait for the closing.

If the closing price gets below the trendline,then the breakout is said to have failed. There are qualifiers to find out whether the breakout will fail or succeed,and this was a successful breakout.

I am not saying that Saint Sir is booking his profits on this technique. This is purely my experiment.

It will not be proper to discuss this technique further in this thread. We may have it in some other thread, some other time.

Best wishes,

Smart_trade