Going with the Intraday Mini-Flow!!

[Saint]

after reading so much in this thread, i got one result that all charts/ breakout/ downfall is only came to know after trading hours, why not we perdict that the market we go up/ down or remain range-bound.since market has his own rule. we just try to catch
untill we are not getting a fool-proof rule.
why ???????
may be fear of losing money,when we get a indication of break-out, we sit sideline to see whether our prediction is right or wrong.

Mukul,I wish I understood what you were trying desperately to communicate.....

After market finding out,sitting sidelines,you read the whole thread,fear,fear of losing,predict........wow.....am more confused than you are.



Saint

 

[Saint]

Hari and Sunil,

Breakout point is the value of the trendline in the breakout bar.So in example shown by you,the breakout has come the moment the breakout bar opened.So irrespective whether the price actually came down and touched trendline or not,it is the intersection of verticle line from breakout bar ( extended down in case the price does not touch the trendline.) and the trendline. So in other words calculation to be done from 2902 and not 2912 as shown in your chart. By virtue of gap opening above trendline,the breakout was a valid breakout.

Hope the above clarifies,

Best Wishes,

Smart_trade

Sunil,

You can also targer by largest part of the triangle added to breakout point.

ST

ST,no harm in bringing trendlines into play to aid profit taking.....very careful though if it is to aid in entry.

Also,triangle boundary drawing needs as minimum spce as possible....Just 2points is not enough......careful,my friend.

Saint

 

[TFL]

Info to Sharekhan's Trade Tiger software users.

Only open Trade Tiger software after market is opened or the data may not be correct for the first 5 min. These 5 minute is crucial for our system too.

Market Opening 9:55 am
So open Trade Tiger @ 9:55:30 then there will be no problem in data/chart.

Hari.

 

[myvineet]

High= 3042
low= 3024

long above 3042 +14=3056
short below 3024-14=3010

 

[TFL]

Todays Entry Levels

LONG @ 3057.70 + 14 = 3071, SAR: 3013
SHORT @ 3020.35 - 14 = 3006, SAR: 3065

Hari.

 

[aabhi06]

long @ 3059

 

[milkyblack]

Entered Long at 3060

Regards

 

[TFL]

NIFTY SUPPORT RESISTANCE:

S: 2950,2900,2850
R: 3000,3050,3100

Hari.

 

[StockieSmile]

abi,Still long not triggered

 

[Revati]

entered long 3058