Going with the Intraday Mini-Flow!!

[aabhi06]

WARM WEL- COME SAINT SIR !!!

Abhishek.

 

[ramling]

DearSaint,
Hearty welcome.It seems everybody trading and exit their position with some target.Could please tell me what will be the profit if one trades with one lot and diligently follow your system including stop and reverse during the day.
With thanks,
S.R.

 

[TFL]

DearSaint,
Hearty welcome.It seems everybody trading and exit their position with some target.Could please tell me what will be the profit if one trades with one lot and diligently follow your system including stop and reverse during the day.
With thanks,
S.R.

Here is your answer Ramling.

PROFITS:You could take out profits of about a third at the area equivalent to the risk of that trade......If stop loss was Rs 45 away,and you got a Rs45 move and would like a third off......You could draw Support-Resistance Lines on the 60min charts,and take profits off when a 60min candle halts at these lines.....You could simply put a number,say 50pts or 75 pts,and pull profits the moment that point is hit.

Taking Profits is vital......Idealism is all good,and works wonders in our 60min Flow Trade......In Intraday MiniFlow,we stick to Realism.Put some in the pocket,especially if you are managing big positions,or have a stomach that churns on seeing a profit of Rs50......satisfy the psyche and take some off.

Hari.

 

[TFL]

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

Very nice but simple explanation ST.

Hari.

 

[TFL]

My understanding is that we wait only till bar 4 to complete to shfit our SL to the high of Bar2. Thereafter the SL is moved without waiting for the bar to complete. (I think that the original rule as posted by you in this regard remained unchanged)
As you remember that this was modified, we have to look for the same , but some how I am not very sure about the modification.

It will be much thankful if any one of you can quote the original modification post here?

Hari.

 

[ARMHM]

Sunil,

I strongly believe that Saint is working hard these days to gift us a clear cut method to take profits in this system.

Hari.

I think you are right. It is long time since his last post. I am (and many others as well) missing him. Surely he is upto something new and fabulous method I guess.

Edit: Oh Saint is already here. Did not see his post in the thread ealier. In fact I visited this thread very late today.

 

[HEM]

Welcome Back Saint.

Regards
Hemant

 

[saturdaykid2001]

Dear Saint,

Welcome back! Hope you had a great holiday!

You were missed a lot.

Regards,
SK

 

[Sunil]

My understanding is that we wait only till bar 4 to complete to shfit our SL to the high of Bar2. Thereafter the SL is moved without waiting for the bar to complete. (I think that the original rule as posted by you in this regard remained unchanged)
As you remember that this was modified, we have to look for the same , but some how I am not very sure about the modification.

Karnani Sir,
I had seen ST confirming this on previous occasions too.... and on a very rare day I have seen we are reversing a trade due to 4 bar rule.. hence, i did not pay much attention to the fine-print...

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

This point is well settled now,Saint had confirmed ,I am very sure about it.

ST

by the way, since Saint sir had told he'll be back on Monday (today), I had posted this too:

let the "master" confirm this...
or any banglorean can confirm this with Saint after EOD???

I would request Saint sir to express his views on the 4bar rule...
whether we shift the SAR as soon as the 4th bar as made a HH or LL (as the case may be), or we wait for its completion

 

[Sunil]

Very nice but simple explanation ST.

Hari.

explained very effectively, ST... even some of my personal doubts were cleared...

matter worthy of our library, hari