Going with the Intraday Mini-Flow!!

[Saint]

Dear Saint,
I was analysing your chart for first of Aug to get clarity of method to myself. In my chart
1 bar high 4282 low 4265
2 bar high 4291 low 4253
3 bar high 4276.15 low 4258
4 bar high 4305.7 low 4260.1

You have mentioned entry at 4298.
As per my understanding as you have explained bar by bar to Smart-trade, dif in 1 & 2 is only 9 and 2 & 3 is -ve and 3 & 4 is 29. Is it not entry should be above 4306+14?
Am I missing something?

LV,.........somehow was waiting for this question from either you or RK.

Bar 1:H 4282,L 4265
BAR 2:H4291(did not take out our filter),L 4253(did not take out our filter)

Now in Bar 4,we have a move up......Move 1 is over,and our filter has kept us out of that trade.Move 2 takes us past pivots to new highs.Previous pivot highs of 4291 +7=4298

Saint

 

[Saint]

In Today's case,
BAR 1--High of 4172,Low of 4157..........we want the next bar to break past 4172+14=4186.Or go down below 4157-14=4143

BAR 2---High of 4180,Low of 4149.........we are still not in.We want the next bar to break past 4180+14=4194.

BAR 3----High of 4187,Low of 4165....still not in.We want the next bar to break out of 4187+14=4201.Or the low of 4165-7=4158 to get taken out.

BAR 4----High of 4192,Low of 4178......we are still not in.We want the next bar to break past 4192+14=4206.
Bar 5----high is 4206
we should go long with +14 of this bar.
You have said long on 4206. Will you please explain?

Nope LV,when a previous bar +14 triggers,you are in.......Which happened in Bar 5 which made a high of 4214.You are long from 4206.

Saint

 

[Saint]

Sir,
Entry @ 4206 ok that time where is our s/l.4175?from where it come.Please explain.If explain the method with todays chart its usefull to understand better.

Thanks for giving another system to us.
Regards
VJAY

Originally Posted by Saint
Following this,today would have been :Entry at 4206,Reverse to short at 4175 and cover at close at 4190......-31 pts and -15pts

Saint

At the time of entry,stops at 4150-7=4143......Pivot break at 4182.Therefore reversal to shorts at 4182-7=4175

Saint

 

[Saint]

Smart_trade,

In today's NF 30 min TF

1st bar or 5min bar H=4171 L=4158
2nd bar H=4181 L4148
3rd bar H=4187 L=4164
4th bar H=4192 L=4171

Pl apply +14 ?& -14/-7 and see which of these qualify for consideration.

How did 4192+14 =4206 qualify for entry. Is it because the 5th bar has a H=4213 which is higher than 4192+14=4206 of 4th bar?
Then should we not have entered at 4213+14=4227?
Am I missing something

vps

VP,

Same answer as above to LV.

Saint

 

[Smart_trade]

Smart_trade,

In today's NF 30 min TF

1st bar or 5min bar H=4171 L=4158
2nd bar H=4181 L4148
3rd bar H=4187 L=4164
4th bar H=4192 L=4171

Pl apply +14 ?& -14/-7 and see which of these qualify for consideration.

How did 4192+14 =4206 qualify for entry. Is it because the 5th bar has a H=4213 which is higher than 4192+14=4206 of 4th bar?
Then should we not have entered at 4213+14=4227?
Am I missing something

VPS

Let me try to explain as per my understanding VPS,

today 1st 5 min bar had a high of 4172 and low of 4157. After we get these levels we come to 30 min timeframe now.So in next 25 min the NF has to break either 4172+14 =4186 or below 4157-14 = 4143. Neither of the two levels were broken in first 30 min bar.So no entry.For first 30 min bar had H=4172,L=4149

Next 30 min bar has to break either 4172+ 14 =4186 or below 4149-14=4135.No level was broken This bar high =4184,L=4162 so no entry.

Next 30 min bar has to break 4184+14=4198 or below 4162-14 = 4148,none of the levels broken in this bar. H=4192,L=4178 so no trade!!!

Next bar has to break 4192+14=4206 or below 4178-14 = 4164. And it broke 4206 in this bar hence our LONG entry triggred.STOPLOSS 4191-7=4184
for this bar H=4208 L=4191

Other trade short at 4182-7=4175


Smart_trade

 

[uthuman]

Hi SmartT,

BAR 1--High of 4325,Low of 4275..........we want the next bar to break past 4325+14=4339.Or go down below 4275-14=4261

BAR 2---High of 4335,Low of 4295.........we are still not in.We want the next bar to break past 4335+14=4349.

BAR 3----High of 4346,Low of 4322....still not in.We want the next bar to break out of 4346+14=4360.Or the low of 4322-7=4315 to get taken out.

BAR 4----High of 4355,Low of 4312......we are now in short.

The Rs14 moving filter is to extract a "Either we are getting that big move,or we are not interested" out of that opening bar.

Also,if you noticed that the short is at Rs7 ..........because it is Move no 2 of the day.We got out of trading Move no 1,from Move no 2 onwards,it is Reversals at Rs7 and adds at Rs5.

Only that first move do we put in that Rs14 and move it bar by bar daring it to take that price out...........rest of the day,no moving around the values.

Saint

From the 3rd bar, long is 2ndbar H+14 and short 2ndbar L-7. and go on. Why this difference? Why only for short filter is 7 and for long it is 14 from 3rd bar. What about the 2nd, 3rd touches LH & LL of 1st bar? Then for short shall we use 14 filter and for long 7 filter? Pl. explain.

 

[niftychance]

Hello Sir

A question not relavent to the implementation / execution of the method...

Any specific reason for choosing 20 minutes for detail over lets say 15 Mins.

Thanks

 

[VJAY]

Hi NC,
thanks for the chart .charts telling more then words.I have one doubt.6th bar low is 4206.Then why this 4206-7=4199 not took as s/l If so the next bar we are in short.Pl explain.

Regards
VJAY

 

[niftychance]

Other trades my levels are diff from the ones mentioned by Saint.Trying to figureout the reason !!!


Smart_trade

Hi NC,
thanks for the chart .charts telling more then words.I have one doubt.6th bar low is 4206.Then why this 4206-7=4199 not took as s/l If so the next bar we are in short.Pl explain.

Regards
VJAY

Trail Stop & Reverse is Pivot Low - 7 & not Previous Bar Low - 7, (I have marked the pivot low in the chart above)

Thanks

 

[Satyen]

Hi smart trade can you please post a chart for Stop loss es and the short trigered


Regards
Satya