Going with the Intraday Mini-Flow!!

[HEM]

Posting todays Nifty futures chart,marking the trades on it :

I have traded today's miniflow as under :

This is a 30 min flow system.So we should base most of our decisions on 30 min charts with ocassional help from 15/20 and 60 min charts.We should avoid looking at 15 min all the time or else it becomes a 15 min flow system.

I have numbered the bars ( all 30 min barsexcept first of 5 min) for easy identification.

I think every one is clear on the first long entry ( 2745 +7=2752 ,as it is move 2 of the day) Now this breakout bar (bar no 3) should close strong.But instead of that it turned out to be a "hanging man" closing at lower than 50 % range.Cause for worry and thinking. In bar 4,it breaks the low of breakout bar .It is bearish so we reverse to short position in bar 4 at 2737-7=2730

Then we have 2 bars rule after completion of bar 6and our initial stoploss which was at 2775+7 =2782 was brought down to 2759+7=2766,it is also a immediate 60 min high.

On break of bar no 5 low,a WRB low,we could take add to short at 2681-5=2676. We could have also booked 1/3 profits at 2678-2675 range if desired,and balance profit at 3:20 at 2665-2685 range.

These are the trades which I have done as per my understanding.They may be wrong also .


Best Wishes,

Smart_trade

smart trade thank you very much for posting yesterday Nifty futures chart with trades.

Regards
Hemant

 

[venuscorp]

Dear Saint,
No matter what the result you have done an excellent job. A lot of work and I hope it gives positive result. Even if does not please refine it further and come back again. It will be worthwhile reading such great details.

Kudos. Keep it up.
PS: I have just joined traderji.com and I find this as a welcome note for me. Thanks nevertheless.

 

[Saint]

I have a huge backlog of unanswered PMs......sincere apologies if your well meaning Pm or a question that needed answering was met by a cold stony silence from my end........Couldn't get the time.Will clear it by 2 am today.

Saint

 

[whyLately]

Thought this might be of interest in this thread. Today, there were an unusually high number of stochastic turning points just after the completion of the 30 min candles - the time corresponding to the arrows are xx.04 or xx.34. Of course, this may be an artifact of the period of the graph but will keep an eye on this in the future.

 

[pulimath]

Posting todays Nifty futures chart,marking the trades on it :


I have traded today's miniflow as under :

This is a 30 min flow system.So we should base most of our decisions on 30 min charts with ocassional help from 15/20 and 60 min charts.We should avoid looking at 15 min all the time or else it becomes a 15 min flow system.

I have numbered the bars ( all 30 min barsexcept first of 5 min) for easy identification.

I think every one is clear on the first long entry ( 2745 +7=2752 ,as it is move 2 of the day) Now this breakout bar (bar no 3) should close strong.But instead of that it turned out to be a "hanging man" closing at lower than 50 % range.Cause for worry and thinking. In bar 4,it breaks the low of breakout bar .It is bearish so we reverse to short position in bar 4 at 2737-7=2730

Then we have 2 bars rule after completion of bar 6and our initial stoploss which was at 2775+7 =2782 was brought down to 2759+7=2766,it is also a immediate 60 min high.

On break of bar no 5 low,a WRB low,we could take add to short at 2681-5=2676. We could have also booked 1/3 profits at 2678-2675 range if desired,and balance profit at 3:20 at 2665-2685 range.

These are the trades which I have done as per my understanding.They may be wrong also .


Best Wishes,

Smart_trade

Dear ST,
thank u very much for this useful post

A picture speaks thousand times more than words.

Please repeat this for the trading of some more days so that we novices can learn the mechanism of the system well.

With regards

pulimath

 

[rkkarnani]

Posting todays Nifty futures chart,marking the trades on it :

I have traded today's miniflow as under :

This is a 30 min flow system.So we should base most of our decisions on 30 min charts with ocassional help from 15/20 and 60 min charts.We should avoid looking at 15 min all the time or else it becomes a 15 min flow system.

I have numbered the bars ( all 30 min barsexcept first of 5 min) for easy identification.

I think every one is clear on the first long entry ( 2745 +7=2752 ,as it is move 2 of the day) Now this breakout bar (bar no 3) should close strong.But instead of that it turned out to be a "hanging man" closing at lower than 50 % range.Cause for worry and thinking. In bar 4,it breaks the low of breakout bar .It is bearish so we reverse to short position in bar 4 at 2737-7=2730

Then we have 2 bars rule after completion of bar 6and our initial stoploss which was at 2775+7 =2782 was brought down to 2759+7=2766,it is also a immediate 60 min high.

On break of bar no 5 low,a WRB low,we could take add to short at 2681-5=2676. We could have also booked 1/3 profits at 2678-2675 range if desired,and balance profit at 3:20 at 2665-2685 range.

These are the trades which I have done as per my understanding.They may be wrong also .


Best Wishes,

Smart_trade

Thanks ST for sharing your trades and that too with a chart. As I am still struggling with the basics here, such input are quiet helpful.
Have a query , though you have posted your actual trades do reply whether anything would change in view of what I am writing below.

You had reversed the first long trade to short below the low of bar3. You have also given an explanation as to why and it is very logical also.
ST, You had gone short while the bar 4 was still in formation, nobody knew if it would close at the bottom or again move up and breach its own high.
Also ST, when bar4 started getting formed we had a PL in 30 minutes chart at low of bar2(10.30AM bar).
Which is more desirable : to go short below the bar3 low or below the PL of bar2?

 

[Smart_trade]

Thanks ST for sharing your trades and that too with a chart. As I am still struggling with the basics here, such input are quiet helpful.
Have a query , though you have posted your actual trades do reply whether anything would change in view of what I am writing below.

You had reversed the first long trade to short below the low of bar3. You have also given an explanation as to why and it is very logical also.
ST, You had gone short while the bar 4 was still in formation, nobody knew if it would close at the bottom or again move up and breach its own high.
Also ST, when bar4 started getting formed we had a PL in 30 minutes chart at low of bar2(10.30AM bar).
Which is more desirable : to go short below the bar3 low or below the PL of bar2?

RKK,
Thanks for yr post.Breaking a low of bar 3 (which was a breakout bar but closed weak ) was bearish to me and hence I reversed and breaking the low of the breakout bar and again going up and breaching its own high is possible but not of common occurance.

But I totally agree with you that reversing below bar 2 PL would have been much safer but as a trade off I have to sacrifice another 20-25 points.

But I will certainly consider this point in future.Thanks for pointing this out,I most welcome such suggestions.

Regards,

Smart_trade

 

[ramling]

Dear Mr.Saint,
Yester day 11:30 - 12:00 bar H/L IS 2781.7& 2754.(19/11/2008)
12:00 - 12:30 bar H/L is 2781.8 & 2753.55.
My question is should we not go SAR below 2753.55-7 pts.Why because only day before yester day 18/11/2008 in the disscussion that if there is a resting bar OR a failed break out bar one has to reverse the position.Another way of looking at is hourly bar.After a wide bar 11:00 - 12:00 bar H/L 2781.7/2713.2 the next bar 12to1:00 bar is H/L 2781.9-2740 a resting bar.When there is a failed move i.e breaking the low 2740 should we not go short below that level.I went short at 2753-7 pts and covered at 2650 .Since my net connectivity was lost I could not post this message immediately for your valuable suggestion.Over phone I carried this reversal trade and followed upto 2650 level.
Your opinion please.If I am wrong please tell me.
Yours,
ramling.

 

[myvineet]

High=2547
low=2519

long above 2547+14=2561
short below 2519-14=2504

 

[santhosh44]

As per PIB charts,

High : 2547
Low : 2519

Long above 2561 , SAR 2512
Short below 2505 , SAR 2554

Risk : 49