Going with the Intraday Mini-Flow!!

[milkyblack]

Hi MB,

Sincerely hoping that you are still paper trading.........let us solidify the concepts before attacking the market.I am hoping that I am the only one who is putting actual money at risk.

Saint

No Saint... Not on papers... real trade... like to trade this method... as it does not involve active participation...

Not well so cannot put that much effort trading smaller TF for now... so just trading this method! No problem if Stop hit!

Stop within the budget of risk
At anytime if I feel uncomfortable with the system I will Simply QUIT...

Even for 60 min flow... was not comfortable initially... .but now its like cannot think better than that

Thanks a lot for your concern Saint!

Regards

 

[rkkarnani]

Agreed......and what doesn't get clear has to be dispensed away with.Therefore,the pendular swings from right to left............But things are getting clearer as they go along........will put things down on this thread a bit later.

Saint

Thanx Saint, Did not know u are back!!! Welcome!!!
Have tried to advise people to paper trade, by posting here and even by PM... rest is up to them to decide!!!!
I am in no hurry at all!!! Saint take your time, i can forsee an excellent product as you are tracking it real time!!!!
Good that you are also advising to paper trade!!!!
All the best!!!
Trust your trip was successful!!!
Thanx and regards
-R K Karnani

 

[dhakkan]

Hi MB,

Sincerely hoping that you are still paper trading.........let us solidify the concepts before attacking the market.I am hoping that I am the only one who is putting actual money at risk.

Saint

Saint,

I am also in with money... though not much... As, I am pretty dumb...without staking money the learning/feeling does not comes to me.

 

[abhiberde]

market is close because of sun outage !!!!!!!
what is sun outage ?

 

[milkyblack]

Saint,

I am also in with money... though not much... As, I am pretty dumb...without staking money the learning/feeling does not comes to me.

LOL

Regards

 

[uthuman]

I am also with money.only one lot.

 

[vpsarathy]

Hello VPS

Focus on 1 method at a time... You seem to be mixing 3 of them, SAINT Sirs 2 Methods along with the inputs sir gave on MJ's 5/60 thread (using of 10 mins TF)...

Pick your choice and get one of the methods right, then next one...

For all those new friends asking basic questions, most of them are already answered, please also try reading all the posts by SAINT Sir and other seniors here...

Thanks

I was trading in 5min TF but posted here. Thats the mistake
vps

 

[milkyblack]

When the market is closed now... my 2 cents... about this system...

I have always noticed that when ever the high or the low of a bar is taken then the market moves in that direction... a considerable amount... other wise it lands up forming a pivot...

Never dared to trade this 60 min bar to bar... because
1. Man its too slow... day trade means fast... trade now and then (was my assumption)
2. No one talked about trading 60 .... even Saint has spoken about 15/10//5 with 60 as reflection chart! So by obvious limitation of my thought process... never came into mind of trading it...

Even though observed that hourly high/low breached gives significant moves...

My reasons to like this system... or I would say when Saint talked about this system 1st was really elated... because...
1. I do not understand stochasitcs/RSI/TRIX etc.... really unable to interpret... when what crosses over what??? green line blue line....
2. Smaller TF requires active participation... trading with perspective with 60 is really good... trade this method often... but would be much comfortable if I am able to take less trades and make almost the same that with Smaller TF...

Though the risk associated with this method is higher than the smaller... but that risk is more psychological than money risk... as in smaller TF stopping out is also more...

Over all ... my attitude to trade less and look at the screen less... as just I do not want to look at the screen much... this involves a much higher emotional cost to me... which I cannot bear... maybe now I am bearing... but the bills are getting ready to be delivered later... which I do not want... So looking for methods to trade less... make good!

And initially I had this notion of trading and feel heroic if the trade was a success over a small TF... now I am no more in that mood

So thanks Saint... for introducing this to us... yes this system does need some polishing... and best way to feel a part of the system is to be with the system in the developing phase... maybe that is one more reason not to paper trade!

Regards

 

[VJAY]

hi,
I moved s/l to 4169 (only my thinking bcaz of break) but SAR remains at 4148.

Please confirm
VJAY

 

[milkyblack]

Exited 50 pc at 4214 ...
Why 4214?
Risk 33 points... initial

Reward of 33 points exited half!

Regards