Going with the Intraday Mini-Flow!!
- Thread starter Saint
- Start date
- Tags intra day live intraday nifty miniflow miniflow live nifty futures trading nifty intraday trading saint
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ST,
Till now pinning down a beginning of a reversal has been like catching tiger by the tail. Today's price action on candles and three TFs have been pretty easy to read. Hope to get to know these better in near future. Guess this area is not of much interest to you, I wonder, why. This is the holy grail of all traders -- hmmm, may not be of much interest here on mini flow.
Reason this has to be discussed live here is because hind sight anyway will reveal the truth but as Saint said yesterday it is the time when we decide an action which matters. Esoteric again ???? Maybe
Bee
Till now pinning down a beginning of a reversal has been like catching tiger by the tail. Today's price action on candles and three TFs have been pretty easy to read. Hope to get to know these better in near future. Guess this area is not of much interest to you, I wonder, why. This is the holy grail of all traders -- hmmm, may not be of much interest here on mini flow.
Reason this has to be discussed live here is because hind sight anyway will reveal the truth but as Saint said yesterday it is the time when we decide an action which matters. Esoteric again ???? Maybe
Bee
back...
had a severe net connection problem today...
the trades as per my understanding:
1. Long at 2750+7 = 2757 with SAR 2713-7
Breakout happened with WRBs in both 15 & 30 followed by 2 resting bars in 15min & 1 resting bar in 30min
personally came out of longs on break of the low of the 2nd resting bar in 15min ie 2738-7
(LAST NIGHT, I HAD JUST POSTED A SIMILIAR TRADE'S (REVERSAL FAILURE) VERY GOOD EXAMPLE BY ST IN OUR LIBRARY THREAD, maintained by hari)
2. went short at break of the resting bar in 30 min ie 2718-7 = 2711
SAR = 2775+7
some profit booking was obviously done near known support region of 2670 (as had mentioned in Asish da's thread before mkt open)
SAR was also shifted to 2759+7, as per 4 bar rule in 30 & also going with the high of WRB in 60...
this has not broken yet...
new SAR/STOP NOW is 2755+7 (PH in both 15/30 + WRB high in 60)
had a severe net connection problem today...
the trades as per my understanding:
1. Long at 2750+7 = 2757 with SAR 2713-7
Breakout happened with WRBs in both 15 & 30 followed by 2 resting bars in 15min & 1 resting bar in 30min
personally came out of longs on break of the low of the 2nd resting bar in 15min ie 2738-7
(LAST NIGHT, I HAD JUST POSTED A SIMILIAR TRADE'S (REVERSAL FAILURE) VERY GOOD EXAMPLE BY ST IN OUR LIBRARY THREAD, maintained by hari)
2. went short at break of the resting bar in 30 min ie 2718-7 = 2711
SAR = 2775+7
some profit booking was obviously done near known support region of 2670 (as had mentioned in Asish da's thread before mkt open)
SAR was also shifted to 2759+7, as per 4 bar rule in 30 & also going with the high of WRB in 60...
this has not broken yet...
new SAR/STOP NOW is 2755+7 (PH in both 15/30 + WRB high in 60)
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