Going with the Intraday Mini-Flow!!

[beethoven]

Sunil and ST, Thanks for your reply. I have been doing 60 min flow with Nifty-1M. If Nifty-2M or Minifty is followed for intraday mini-flow, there could be some difficulty in following the data post by members in this thread, i guess. Can you share how you manage this situation? Also liquidity in Nifty-2M or Minifty is a concern

No issues of liquidity of Minifty
Bee

 

[lvgandhi]

if 16 members volunteer, then, each one with a target of 50 pages each, all 800 pages of this thread can be scanned by this weekend...

each of the volunteer will have to scan his/her allotted 50 pages of the thread, pick up good Q&A posts, extra-ordinary situations, good explanatory charts & graphs, etc & just put up all such posts in the library thread (not just links - entire matter)....

Hari has done a good thing by reserving 10 posts, catering to various aspects & rules of this flow method.
The other pages are not meant for thanks & wows, etc, but, as hari also wants, a place where all such posts are gathered...

the volunteer will also realise (like i did today, after posting ST's reversal failure query & answer last night), his own knowledge gets enhanced while doing this exercise... & u never know, when u may be rewarded for this "extra-information" which is lying somewhere in this 800 page thread...

to scan 50 pages by one person by this weekend is not a big deal...

what say???????????????????????????????????????????????????????

I can also take part.

 

[bijovyppil]

good evening saint sir,,
if you dont mind please explain the falter made by many inexperienced traders today including me.. in detail.. i think we had similar problems on 6-11-08.. i think highly volatile days are eroding some capitals... any solution for that sir.. pls teach us... how to tackle these kind of days.otherwise it is going to be my best ever month as a trader ( except on 6-11-08 and today, where i lost 2% of my capital).. am thankful for this excellent technique for my success so far this month..
with love & respect
bijo

 

[jace48]

good evening saint sir,,
if you dont mind please explain the falter made by many inexperienced traders today including me.. in detail.. i think we had similar problems on 6-11-08.. i think highly volatile days are eroding some capitals... any solution for that sir.. pls teach us... how to tackle these kind of days.otherwise it is going to be my best ever month as a trader ( except on 6-11-08 and today, where i lost 2% of my capital).. am thankful for this excellent technique for my success so far this month..
with love & respect
bijo

Your answer lies in ability to define clear cut money you can loose and size position accordingly.

If you can loose 2% per day with maximum 4 trades in each day for each trade you should can afford you loose 0.5% of capital. This is based on assumption is that all trades for that day can be loosing trade.

Did the R/R favored your risk appetite?

 

[aabhi06]

Shall answer later on in the day.........in brief: Don't look at reversal bars if any on the 30,it is the 60 wherewe are looking at reversal bars,etc

Every bar on the 60 is not something we take action upon.......in today's case,what we had was a WRB Breakdown from 2 sideways bars followed by a resting bar that was way below the 50% of that WRB,meaning,only on negation of the entire wrb,do we think of reversing.

More later......basically a yawn,do-nothing-much sort of a day.

Saint

Saint Sir,
My self also 4 tarde ,at 12 pm bar hh was 2728 so as SAR long trade took in 30 min tf 2728 +7 on 2.00 pm,is it wrong move ?
Plz guide. Thanks .

 

[HHPPREMM]

Dear Saint Sir,I sometimes wonder that does a person like u really live in this world.U r simply a very wonderful person.I think you have acquired all the qualities of your name "Saint" and doing what a Saint usually does-help others.Your knowledge is wonderful and above all your attitude of being helpful to others is just mindblowing and I m really short of words to thankyou for your this extraordinary work.I sincerely say GOD Bless you always hhppremm

 

[Sunil]

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)

Posting today's charts:

15/30/60min Bar 1: H=2750, L=2717; Long at 2750+14=2764, Short at 2717-14= 2703

15min Bar 2: H=2731, L = 2714; still no trade; Long still at 2750+14, short NOW at 2714-14

15min Bar 3: H=2745 L=2722; still no trade, but nifty has made 2 directional moves & 30 MIN BAR 2 IS ALSO COMPLETE NOW...
So, we go LONG AT 2745+7=2752; SHORT AT 2714-14=2700
(room 14 for 1st move of the day ie down & room 7 for 2nd move of the day ie up)

15min Bar 4: H=2775 L=2737
Long trade is triggered at 2752 with SAR at 2714-7=2707 Risk=45
--------------------------------------------------------------------------------------------------------------------------

Now this 15min Bar 4 is a WRB breakout bar (which we see on its completion)... correspondingly, a WRB breakout bar in 30min (bar 3)...
No, this is the crucial movement...

Observe 15min Bar 4,5,6
WRB Bar 4 followed by another nearly equal sized bar 5... we take it as a resting bar, Lows are within that of Bar4
Bar 6's low & high are now within that of Bar 5.... enough of rest.. next bar should start moving upwards....
Heck nooooooo....... Bar 7 goes even below the low of Bar 4.... I am out of longs at 2737-7=2730...
BUT I DONT ENTER SHORTS NOW AS PER THIS SYSTEM, AS STILL 30MIN BAR IS TO GIVE CONFIRMATION
---------------------------------------------------------------------------

So, during formation of 15min Bar 7, I had exited my longs...
Now, 15Min Bar 7 AND 30min Bar 4 are complete
WHAT DO WE SEE IN 30MIN CHART....
A WRB BAR 3 FOLLOWED BY A RESTING BAR 4......
I WANT NEXT 30MIN BAR 5 TO CONTINUE ITS UPMOVE.... BUT IF IT TAKES OUT 30MIN BAR 4'S LOWS, ITS A CONFIRMATION OF BREAKOUT FAILURE & WE GO SHORT

WORDS OF OUR MASTER:

Not many posts here this evening.Everyone enjoying profits ?

Saint are you feeling well ? If so please guide me on my following doubt.

I am posting NF 30 min chart below :

We had a strong breakout bar at 2:00 yesterday (23-10-08) .The next bar was a bearish bar (black candle ) as a resting bar. I have read a rule that the resting bar is ok but the next bar after resting bar has to continue in the direction of WRB (bullish in our example).If it breaks the low of the resting bar then reverse.

There could be 2-3 sideways movement bars after WRB and we will assume the first bar as resting bar but 2nd bar can break the low of the resting bar in a sideways movement and we will reverse our position prematurely on break of resting bar low (low of 1st bar of the sideways movement. How do we guard against this premature reversal ?

Should we cosider the length of the resting bar ? In our case resting bar was a WRB in itself so I was very confident of reversing below the low of this bar but had it been a smallish bar,then I would not have been very sure of reversal if this bar,s low is cracked in next 1-2 bars.

How do I solve this bit of a dilema ?

Answer at your convenience.

Smart_trade

here's the reply by Saint Sir:

SmartTrade,

You have yourself resolved the dilemma.....and bang in target as always.A WRB to the up,on increased volumes moving quick and steep, is followed by a resting candle that is a bearish candle usually negating half or more than half of the previous WRB.......Look to short the low of that candle.Most of the times it goes your way,sometimes it doesn't as is in most things trading related.And,yes,in contrast,a nrb after a wrb only adds to the bullishness of the entire pattern.

The negation of the entire wrb is confirmation of the bearishness........you could even add to your short positions on the negation of the entire WRB.

Saint

--------------------------------------------------------------------------------------------------------

so we go short at 30min Bar 4's low 2718-7=2711

15min Bar 8 does that,
we are now short at 2711 with SAR at 15/30min pivot high at 2775+7=2782 (Risk=71points)

15min Bar 9,10,11 / 30min Bar 5 & 6
Now, the down move continues....
in 30min chart, at END OF BAR 6, WE SHIFT THE SAR TO HIGH OF EARLIER TWO BARS (AS PER 4BAR RULE) ie AT 2759+7=2766 (risk=55points)
--------------------------------------------------------------------------------------------------------

15min Bar 12 to 17:
hey, now what do we have... why it is not going down further....
relax, we know where is our SAR..
but we have a PH in 15min chart at 2708.... shouldn't we go long at its break at 2708+7

AN EMPHATIC NOOOOOOOOOOO.... as per the system...
if ur stomach is upsetting you & u cannot take the risk, then come out of the trade, BUT WE DONT GO LONG AS PER SYSTEM'S RULES....

but why?

BUDDY, JUST REFER TO 30MIN & 60MIN CHARTS AS USUAL....

hey now that 30min Bar 5 (a WRB) - it's high is taken out... we should go long now, na?

NO AGAIN...... what makes you think that 30min Bar 5 is a good reversal bar... is it a pivot bar - no;
then refer to 60min chart for clues...
what do u see..?
LOOK AT 60MIN BAR 3... a hell of a WRB....
our 4bar rule's SAR 2759+7 also goes with the high of this 60min WRB
real bullishness starts when this level breaks....
60min Bar 4 has done nothing to threaten 60min Bar 3
WE ARE LOOKING AT REVERSAL OF THE MOMENTUM/INCLINATION FLOW..
NOT JUST SCALPING SOME TRADES HERE & THERE...

words of our master:

in brief: Don't look at reversal bars if any on the 30,it is the 60 wherewe are looking at reversal bars,etc

Every bar on the 60 is not something we take action upon.......in today's case,what we had was a WRB Breakdown from 2 sideways bars followed by a resting bar that was way below the 50% of that WRB,meaning,only on negation of the entire wrb,do we think of reversing.

Saint

SO WE ARE STILL SHORT & DON'T REVERSE TO LONG
----------------------------------------------------------------------------------

Look what the mighty bears did ultimately near that 2759 level....
they came in droves to save that 2759 level from being broken....

ULTIMATELY, WE GET OUR SAR IN PH IN 15MIN BAR 17 & 30MIN BAR 9....
but it was already profit-booking time & nearing closing time....

-----------------------------------------------------------------------------------

 

[TFL]

seems hari has not logged in yet

There was a personal meet for me today.
But was trading MiniFlow after 12am.
Will join you from now.

A important day so many valuable posts. I need to read all the post from today morning and to grab the gems.

Hari.

 

[ARMHM]

if 16 members volunteer, then, each one with a target of 50 pages each, all 800 pages of this thread can be scanned by this weekend...

each of the volunteer will have to scan his/her allotted 50 pages of the thread, pick up good Q&A posts, extra-ordinary situations, good explanatory charts & graphs, etc & just put up all such posts in the library thread (not just links - entire matter)....

Hari has done a good thing by reserving 10 posts, catering to various aspects & rules of this flow method.
The other pages are not meant for thanks & wows, etc, but, as hari also wants, a place where all such posts are gathered...

the volunteer will also realise (like i did today, after posting ST's reversal failure query & answer last night), his own knowledge gets enhanced while doing this exercise... & u never know, when u may be rewarded for this "extra-information" which is lying somewhere in this 800 page thread...

to scan 50 pages by one person by this weekend is not a big deal...

what say???????????????????????????????????????????????????????

I can participate also. You can assign page no. say from 1 to 50 to one person and from 51 to 100 to another and so on. But before assigning all participant must synchronize settings and options. My setting is 20 posts per page and other may have different settings then his page no x will show different messages.

 

[Sunil]

ARMHM,
ASHA SHUKLA
HEM
LVGANDHI
RAKESHG
VJAY
DEBDEEPS

THANKS FOR COMING FORWARD...
we'll wait till Friday EOD to confirm the rest of the volunteers... (dont wanna load work on a weekday / working day)
on saturday, we all work on our assignment (50 pages), and by Saturday noon/evening and sunday morning, post it in the library thread....