Going with the Intraday Mini-Flow!!

[vpsarathy]

Thank you No1lives forever (may you trade for a hundred years very profitably before your grand children take over), Rakesh and Sunil, for spending so much time for me. Jace told me in the morning itself to raise these Qs in another thread or EOD., and rightly so. I stopped any further Qs. I took it up EOD only. I had a hunch that Rakesh and Sunil will jump in to clear confusion in anyone's mind and I was right. I owe a lot to you people for continued guidance. God bless you
vps

 

[Sunil]

Sunil,

10.30 30TF covers only 32 points. Do you call this a WRB? Some time (a month) back when I asked whether a bar was a WRB, I was clearly told by one of the seniors that to qualify for a WRB a bar should have traversed 50 points atleast.

I still wonder how the 15TF 10.15 bar qualifies to be a pivot. What do u SEE in it to be a pivot. Pl tell me as such situations come too often.

vps

1st 5min bar (in my charts)
ie 10:00 am bar
HIGH = 3049
so, entry at 3049+14=3063

next bar in 15min chart ie 10:15bar
went up till 3060
no entry in longs yet

10:30bar (15min chart) HIGH=3049
high still not triggered
now, we also have second completed bar in 30min chart
HIGH=3060
LOW=3030

now, we have to relook our entry levels
we have a pivot high in 15 min chart (3060) which coincides with high of 30min WRB
(note: WRB is a relative concept; there's no hard-n-fast rule aboUt its no. of points)
so, LONGS at 3060+14=3074
SHORTS AT 3030-7=3022

10:45 bar high=3064, low=3044
still no longs/shorts

11:00 bar
High=3074
EXACT AT THE POINT OF OUR ENTRY....
some had their orders filled in, some did not...

rest is today's history & subjective

(PS: I was not paying much attention to this entry, as personally, i was already long, due to my own reasoning, as mentioned in Asish Da's thread discussion)

 

[no1lives4ever]

1st 5min bar (in my charts)
ie 10:00 am bar
HIGH = 3049
so, entry at 3049+14=3063

next bar in 15min chart ie 10:15bar
went up till 3060
no entry in longs yet

10:30bar (15min chart) HIGH=3049
high still not triggered
now, we also have second completed bar in 30min chart
HIGH=3060
LOW=3030

now, we have to relook our entry levels
we have a pivot high in 15 min chart (3060) which coincides with high of 30min WRB
(note: WRB is a relative concept; there's no hard-n-fast rule aboUt its no. of points)
so, LONGS at 3060+14=3074
SHORTS AT 3030-7=3022

10:45 bar high=3064, low=3044
still no longs/shorts

11:00 bar
High=3074
EXACT AT THE POINT OF OUR ENTRY....
some had their orders filled in, some did not...

rest is today's history & subjective

(PS: I was not paying much attention to this entry, as personally, i was already long, due to my own reasoning, as mentioned in Asish Da's thread discussion)

Sunil,

Based on my understanding, when we use the moving filter, what we are looking to do is to move the filters out, i.e. in this case we would not have moved the filter for the short position. But we did so because we had a clear pivot formed after 10:30 bar was complete.

After going thru the posts and what saint had originally written, i think his intention was to say something along these lines:
a. we have a potential pivot forming on the 15 min tf.
b. If we go long at this point, we would be going long at around 3074
c. When we go long, at that point, this would be more or less a clear pivot on the 15 min tf
d. hence, use this as a pivot to set the sar and not to use LOD as the SAR.

maybe again i am wrong, but hell.. i went long much later based on my understandings of the rules for the mini flow and based on how i saw the price action in today's market. I believe that in place of trying to copy the trades of everyone else, each one of us should try and understand the method and then trade as per our understanding with small positions. Sooner or later we will find out where all we have deviated from the method and get a better understanding of the method. While at the same time, our own understanding should more or less keep us from major harm.

In my case, I have found that reading posts during live trading tends to confuse me and shifts me away from the plan i have set for myself, ending in disaster always. So these days, I mostly read posts after i have entered my orders to see if i am missing something major or not..

-- no1lives4ever

 

[jace48]

Thank you No1lives forever (may you trade for a hundred years very profitably before your grand children take over), Rakesh and Sunil, for spending so much time for me. Jace told me in the morning itself to raise these Qs in another thread or EOD., and rightly so. I stopped any further Qs. I took it up EOD only. I had a hunch that Rakesh and Sunil will jump in to clear confusion in anyone's mind and I was right. I owe a lot to you people for continued guidance. God bless you
vps

I strongly suggest come to cash market and trade their. Complete peace of mind. Even if you bungle i.e learn after that, you still take a tiny winy loss.

 

[rkkarnani]

sbin at 5 min bar had a high of 1270 so add filter of 10 to it and entered long at 1080.

Karnanai Sir, you are pulling my legs as to have my input.

Thanks,
rajendrani

No way Rajendrani... I now know where the problem lay!! I was looking at SBI futures where the first 5 min. high was 1281 hence the query.
It seems you were trading in Cash segement!!! Thanks for taking time to reply!!!

 

[NOMINDTR]

Dear Members,

Though I am not a regular follower of this thread, I could understand what it is about and what is VPS problem. I hope members would allow me to say something basic to my friend.

Dear VPS, kindly grasp things, digest, assimilate; iterate this process till you get confident, THEN, you can do things on your own, off course from gaining knowledge from Saint or whomever it could be.

Thanks

 

[rajendrani]

No way Rajendrani... I now know where the problem lay!! I was looking at SBI futures where the first 5 min. high was 1281 hence the query.
It seems you were trading in Cash segement!!! Thanks for taking time to reply!!!

You are very right, karnani sir, i am still trading in cash segment because still building on my trading capital and paper trading nifty futures

thanks and regards,
rajendrani

 

[rkkarnani]

Saint,

Thanks for the insult.

In the past whenever I raised this question no one would answer because the seniors thought it was below their dignity and the rest didnot have any answer. All they would say is read "teach a man how to fish" again. These cronies donot know that you have not explained this problem there. So I deleted my questions. Today, I even IMed some people for the answer but none of them knew.

I thought at least you will explain but what I recd is an insult. I am sure many cronies will pounce on me now for saying so. The same chaps who didnot bother to clarify when I requested help after you insulted me. One of the cronies even posted something saying you were right in your reply( read insult). All donot have same "skills" nor every one is gifted with same no of grey cells. I belong to the slower category. I am not allowed to ask questions because none will be replied except by three or four people who I hold in high regard. All that I understood here is that we have many people who want to make money at any cost not bothering about anyone else. They will lick your boots as long as it suits them. Most importantly they have no respect for those who are senior to them by decades.

The world is no different where ever you go.

I have no grudges against you. You have done enough for people. I appreciate everything you have done. But it takes one wrong act to dent the good you have done. Please be careful. As you rightly said -- "cannot apologise for that--", I donot expect any apologies. At 60, I have out grown that stage. Pl donot reply to this post. I will indeed appreciate if others too donot reply as it doesnot concern them. They need not poke their nose now.

vps

VPS, Had posted my reply to your query b4 reading this post of yours!!! My personal opinion: Your post is most 'sarcastic' to say the least!!! You may not have grudges against Saint or others but your writing suggests some thing different going on in your mind!!!
As the saying goes, "When you point one finger at others your three fingers are pointing at you."
Do point out the posts by you which remain unanswered!! Dont think there are any and if at all there are, the same must have been posted while the market was on!!! And please VPS do not time and again bring in your age. In fact such a post from a person of your age becomes even more unpalatable!Though you say that you have "out grown that stage" but do read your post again VPS, and ask yourself have you really "out grown that stage!"

Anything posted here does concern all!!! You call others cronies, boot-lickers, etc.etc. and still expect them not to be concerned about this post.

If you wish others not to be bothered then send a PM, please do not post here!!!

VPS, think with a cool head , think about your timing, timing during the mkt hours, and a few more aspects as put in my earlier post to you.... and after you have considered all the things honestly re-write the same post again and I can tell you, you will see the difference!!!

 

[rkkarnani]

You are very right, karnani sir, i am still trading in cash segment because still building on my trading capital and paper trading nifty futures

thanks and regards,
rajendrani

You are doing absolutely the very correct thing.

 

[NOMINDTR]

VPS, Had posted my reply to your query b4 reading this post of yours!!! My personal opinion: Your post is most 'sarcastic' to say the least!!! You may not have grudges against Saint or others but your writing suggests some thing different going on in your mind!!!
As the saying goes, "When you point one finger at others your three fingers are pointing at you."
Do point out the posts by you which remain unanswered!! Dont think there are any and if at all there are, the same must have been posted while the market was on!!! And please VPS do not time and again bring in your age. In fact such a post from a person of your age becomes even more unpalatable!Though you say that you have "out grown that stage" but do read your post again VPS, and ask yourself have you really "out grown that stage!"

Anything posted here does concern all!!! You call others cronies, boot-lickers, etc.etc. and still expect them not to be concerned about this post.

If you wish others not to be bothered then send a PM, please do not post here!!!

VPS, think with a cool head , think about your timing, timing during the mkt hours, and a few more aspects as put in my earlier post to you.... and after you have considered all the things honestly re-write the same post again and I can tell you, you will see the difference!!!

Dear VPS,

rkkarnani seem to be right to certain extend.

Every one of us undergo frustrations, in the process of evolution as a "Trader". My dear friend, let me share my humble experience with you;
take it from me, frustrations won't take us anywhere.

Reasoning, logical understanding may help us. Let me ask you a simple question my friend, If you struggle to understand what other members are about, or you scream out of frustration for help from seniors, well let me tell you the very fact that people around here are not intentionally overlook your questions. Every one may have different perception.

I worry VPS if you fail to play smart in understanding your friends, then how could you manage understanding the MARKET, which rules us!

I would like to suggest you what I use to do when I find myself do some trades emotionally. Do some warm up. Keep away for sometime from market. Take a breath. Tell yourself "Its COOL".. come back and sit straight..take time to prepare yourself to deal with market.

I am pretty sure that I could be newer to this forum than you. Only newer to the forum it seems. (Hey take it humorous ..just for some fun in the midst of serious discussion...Good to laugh)

Cheer Up!