Going with the Intraday Mini-Flow!!

[HEM]

Saint Sir,
you have mentioned that today you have not taken any trade .Sir i want to ask you why ?
Because LOD(10:30 bar)2505-7=2498,is broken by 12:00 noon bar and 12:00 noon bar low is 2496.8 and HOD(10:30 bar)2549+7=2556, is broken by 1:00pm bar and 1:00pm bar high is 2559.9.
so please explain, today why no trade by you ?

Regards
Hemant

 

[ramling]

In the above example, the HOD/LOD, happens to be the previous bar. But, the real intention here is to avoid unnecessary entries. So,we go with the HOD/LOD, at the time of first entry.

Dear Sir,
It seems your explanation is little vague.In Mr.Saint's article he said follow every next bar with moving filter if in previous bar trade not happened.Hence TRADE HAS TAKEN PLACE after 12:30 bar.
With thanks
ramling.

 

[SriVijay]

today i didnt took any positions...........dont know what to do today....heavy confusion.......

 

[chiruvyapari]

Dear Sir,
It seems your explanation is little vague.In Mr.Saint's article he said follow every next bar with moving filter if in previous bar trade not happened.Hence TRADE HAS TAKEN PLACE after 12:30 bar.
With thanks
ramling.

sorry. posted the old quote. hence deleted.

here is the later one.

page 312. post 3115 by SAINT

.......
........

""MOVING FILTER:For the NF,put in a moving filter at Rs 14 on the 30min charts.......meaning that we want to trade the breakout on the 5 only if it shows strength enough for us to feel confident enough about that particular trade.Bar 1 high is 4312,Bar 2 high is 4320,Bar 3 high is 4330,Bar 4 high is 4337.........meaning we look on and not enter that trade.What we are looking for is a breakout bar,and not a sad excuse of a bar,with some tails.""

Once that first bar is formed,we are basically looking to buy Rs14 over the high of that bar.and short Rs14 below the low of that bar.Once the entry is triggerred,presuming a long has been triggerred,stop loss is Rs 7 below the low of that bar.But only on trigger.
....
.....

Apply this and see the result.

10.00 H2548,L2519 L 2562, S 2505
10.30 2549,2505 2563*,2491*
11.00 2544,2513 2563,2491
11.30 2545,2514 2563,2491
12.00 2525,2497 2563,2491
12.30 2533,2502 2563,2488*
01.00 2560,2507 2574*,2488*
01.30 2560,2518 2574*,2488
02.00 2568,2518 2582*,2488
02.30 2572,2523 2586*2488


I am following this filter of 14 only. If I am wrong, please direct me to the corresponding post.

Thank you,

 

[ramling]

Dear Sir,
Thank you very much for your reply.In the rule specified by Mr.Saint he could have mentioned that if subsequent bars are making lower lows then entry is 1st bar high etc.Perhaps he would have thought that all traders are smart enough to understand the finer points of his rule.But formation of lower bars no mention by him in the rule.Hence confusion by me.
But in this type of failed up move subsequenly and then lower move Mr.Saint has thanked the post of Nifty Chance on 25/09/2008 .I reproduced here the article.Re: Going with the Intraday Mini-Flow!!

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

Hello Sir

This is how I have understood it, just wanted to get it confirm from you.


The room for NF is +/- 14 on the first move and its +/-7 from the second move onwards...

Second move does not mean second trade, even if the first trade does not trigger, a change of direction makes it second move...

For e.g. if we get higher high on second candle, but the difference is less than 14 we have our First Move UP but no trade...

Now if we get a Lower low on any of 3 or 4, etc. we have a change in direction and it would be the second move and now we use -7 as room ........
So to follow 14 points or 7 points as stated above.Please clarify.

Thanks

 

[Revati]

Can someone explain why long was not taken??? UPMOVE was move 2, so 7 point filter should be used and there was no pivot high on 30 min . Was sideways move the reason behind cautiousness???

I would really appreciate any help in this regard.

Thanks,
Revati

 

[ThE HaMmEr]

saint sir...........can u please summarize ur today's trades if possible ...........

 

[Smart_trade]

Saint Sir,


Most of us had a difficult trading day today.We went short at 2505 and later on reversed to long at 2556 and finally sold long positions at end of day.

Could you kindly write a few lines on todays trade ? Will be useful to all of us.

Regards,


Smart_trade

 

[Smart_trade]

Can someone explain why long was not taken??? UPMOVE was move 2, so 7 point filter should be used and there was no pivot high on 30 min . Was sideways move the reason behind cautiousness???

I would really appreciate any help in this regard.

Thanks,
Revati

We did go long at 2556,but let us wait for Saint sir's clarification.

Best Wishes,

Smart_trade

 

[chiruvyapari]

Hello Sir

This is how I have understood it, just wanted to get it confirm from you.


The room for NF is +/- 14 on the first move and its +/-7 from the second move onwards...

Second move does not mean second trade, even if the first trade does not trigger, a change of direction makes it second move...

For e.g. if we get higher high on second candle, but the difference is less than 14 we have our First Move UP but no trade...

Now if we get a Lower low on any of 3 or 4, etc. we have a change in direction and it would be the second move and now we use -7 as room ........
So to follow 14 points or 7 points as stated above.Please clarify.

Thanks

sir,

As far as my memory goes, 14/7 filters as you have mentioned as per 1st revision,(post 767 page 77), but what I am following are 14/14, they are vide post 3115, page 312,dt.14/10/2008. what you have interpreted is correct as per old rules.

The levels I have posted are as per my brokers' terminal, and vary with others levels. My trigger selling at 2504 was not got executed.

Hope I am clear

Edit:

BTW, after seeing Smart Trade's query, I would like to add that for reversal the filter was 7,But still for 1st trade ( not move) I prefer 14/14, or may be slightly modify it( because of the changes of suggested in 60minute thread.)