Going with the Intraday Mini-Flow!!

[Revati]

booked half at 2720

 

[TFL]

But if the 4th makes a new low then we can move to 2nd

Thats what I too understand from Saint.

Hari.

 

[TFL]

Just holding all.

Hari.

 

[saturdaykid2001]

SAR now at 2787 + room (4-bar method)

Regards,

SK

 

[TFL]

New SAR @ 2786.7+7 = 2794.
Reason: 4 bar rule.

[/URL]

Hari.

 

[kalwarik]

booked 1/3 @ 2820

 

[ThE HaMmEr]

moving stops to 2794 ( 2787 + 7)

 

[Sunil]

here's the extract:

THE 4 BAR RULE - METHOD OF SHIFTING TRAILING STOPS IN ABSENCE OF PIVOTS

Illustration (with a short position)

BAR 1 forms.

BAR 2 LH-LL .......Short triggered below BAR 1 with room.Stops above high of BAR1

BAR 3 LH-LL.......Nothing to be done.Stops where it was.

BAR 4 LH-LL.......Nothing to be done till it is completed.After the end of the 4th Bar,move stops to the high of BAR 2.

From here,2 possibilities:
a) BAR 5 does not make a LL,keep stops at high of BAR 2.
b) BAR 5 makes a LL,then move stops to the high of BAR 3.

So on so forth for Bar 6.

AS MENTIONED ABOVE, THIS IS TO BE DONE WHEN THERE ARE NO PIVOTS FORMED IN THE LOWER TIME FRAME CHART ALSO (15/20 MIN) TOO...

IF THERE IS A PIVOT FORMED IN THE LOWER TIME FRAME CHART, THEN PREFERENCE WILL BE GIVEN TO SUCH PIVOT FORMED.

this is when the system rules were first laid down...

over the time, i feel, this was modified & we need not wait for completion of 4th bar...
i would like ST or any person who has been with this sytem, since a long time, to add more on this or to confirm this

BTW, we now have a 5th bar making a lower low...
again this cloud remains: whether we shift SAR to 3rd bar high NOW or wait for 5th bar's completion

 

[Smart_trade]

here's the extract:



this is when the system rules were first laid down...

over the time, i feel, this was modified & we need not wait for completion of 4th bar...
i would like ST or any person who has been with this sytem, since a long time, to add more on this or to confirm this

BTW, we now have a 5th bar making a lower low...
again this cloud remains: whether we shift SAR to 3rd bar high NOW or wait for 5th bar's completion

Yup Sunil,the moment earlier bar,s low is cracked,we can shift our SAR on high of 2 bars back. No need to wait till the close of the current bar.
Now we can move SAR down to bar 3 high +space

ST

 

[myvineet]

nifty & yuvraj both in full flow.......