Going with the Intraday Mini-Flow!!
- Thread starter Saint
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- Tags intra day live intraday nifty miniflow miniflow live nifty futures trading nifty intraday trading saint
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Feels great to see your post sir...
Today for the first time traded with stock futures beside the usual NF on miniflow ... LT gave 2 trades with 1/1 win/loss and a scratch day, but feels good to start something new ...
Was using 10/7/5 for room filter, but think will be using 7 for all, 2morrow onwards ...
Thanks
Dear Sunil,
My chart with TTAdvance of India Infoline shows the high and low of 5 minite bar as 2811 and 2792. Ok
I will follow the thread high and low in future for uniformity.
I was under the impression that we have to follow the first 5 minite bar always for entering the trade with a filter of 14 points.
But from your posting I think that first we have to look for 5 minite bar, if notheing happened with in 15 minites we have to look the 15 minite bar plus 14 points for entry, if still nothing happened we have to look 30 minites bar plus load of 14 points. Please correct me if i am not correct.
Also please give me the link to the postings which describes these rules so that i can get a detailed information. I hade gone through the rules of this system, which is said to the latest. But nowhere it is mentioned about looking different bars it 5 minite , then 15 minites and then 30 minites, if the previous one has failed to trigger the entry.
Sorry for disturbing you. I though t of writing to the forum after the trading hours,
Thanks to everybody
with regards
Pulimath
My chart with TTAdvance of India Infoline shows the high and low of 5 minite bar as 2811 and 2792. Ok
I will follow the thread high and low in future for uniformity.
I was under the impression that we have to follow the first 5 minite bar always for entering the trade with a filter of 14 points.
But from your posting I think that first we have to look for 5 minite bar, if notheing happened with in 15 minites we have to look the 15 minite bar plus 14 points for entry, if still nothing happened we have to look 30 minites bar plus load of 14 points. Please correct me if i am not correct.
Also please give me the link to the postings which describes these rules so that i can get a detailed information. I hade gone through the rules of this system, which is said to the latest. But nowhere it is mentioned about looking different bars it 5 minite , then 15 minites and then 30 minites, if the previous one has failed to trigger the entry.
Sorry for disturbing you. I though t of writing to the forum after the trading hours,
Thanks to everybody
with regards
Pulimath
Hello Pulimath,
I am afraid your understanding is not quite correct. The filter we use is 14 and is a moving filter.This means that after we have our first 5 min bar,we have levels of High +14 to go long, and Low -14 to go short.we at this stage donot know which side the market is going to breakout.And these levels are valid for next 30 min ie upto 10:30 bar.
Suppose the market breaks the high of first 5 min bar in a bar 10 -10:30 bar but does not trigger long by going above 5 min bar high +14,then no long entry. For 11:00 bar of 30 min our buy level will be high of 10:30 bar +14 ....and so on till the entry is triggered. In 11:00 bar on 30 min ,the level to go short will be low of 10:30 bar less 7 (assuming 10:30 bar has made higher low than 10:00 bar on 5 min because if the short is triggered,this is the second move,as first was upmove,hence filter of 7 ).This is the concept of moving pivot.
We use 14 only for first move of the day. For all subsequent moves,our filter is 7 .
We are trading 30 min bars. 15 min bars to be used only if pivot is not clear on 30 and also 15 pivot should have confirmation from 30 or 60 min bars,atleast one of them. 15 min pivots by itself are no SAR points when we have opposite bias on 60 and 30 and not confirming. We got to be very careful and patient in reversing.
Best Wishes,
Smart_trade
I am afraid your understanding is not quite correct. The filter we use is 14 and is a moving filter.This means that after we have our first 5 min bar,we have levels of High +14 to go long, and Low -14 to go short.we at this stage donot know which side the market is going to breakout.And these levels are valid for next 30 min ie upto 10:30 bar.
Suppose the market breaks the high of first 5 min bar in a bar 10 -10:30 bar but does not trigger long by going above 5 min bar high +14,then no long entry. For 11:00 bar of 30 min our buy level will be high of 10:30 bar +14 ....and so on till the entry is triggered. In 11:00 bar on 30 min ,the level to go short will be low of 10:30 bar less 7 (assuming 10:30 bar has made higher low than 10:00 bar on 5 min because if the short is triggered,this is the second move,as first was upmove,hence filter of 7 ).This is the concept of moving pivot.
We use 14 only for first move of the day. For all subsequent moves,our filter is 7 .
We are trading 30 min bars. 15 min bars to be used only if pivot is not clear on 30 and also 15 pivot should have confirmation from 30 or 60 min bars,atleast one of them. 15 min pivots by itself are no SAR points when we have opposite bias on 60 and 30 and not confirming. We got to be very careful and patient in reversing.
Best Wishes,
Smart_trade
No jstraju, doji means mere indecision.We want a positve indication on 60 or 30 min bar to shift to 15 min pivots for reversal to long,not a silent indecisive doji. And you have seen how market sold off afterwards. And later we got a pivot on 30 and the reversal followed after we broke PH at 30 min bar.
Best wishes,
Smart_trade
Best wishes,
Smart_trade
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