Going with the Intraday Mini-Flow!!

[kalwarik]

shorted 2662

 

[orderflow13]

short 2660- filter ?

quite right

 

[Sanira]

anybody knows about resting & reversal bar.
i can't understand that.if anyone knows and have a time pls explain that.

thank you,
sanira

 

[indrajit_16]

Rajendrani, i hv got no probs with sharekhan, as they provide 11 diff servers to login. if any one fails, u can log onto others. though i have both pib as well as sharekhan trade tiger, i am really satisfied with trade tiger. but u can also trade over phone thru indiabulls. can then consult yahoo 5 min chart for the time being @ yahoo finance.

rgds

indrajit

 

[Mowgli]

Today was a fairly straightforward day.Our first trade was short at 2763,this trade was reversed to long at 2781 ( some of us escaped this reversal due to the different space everyone is following.) I reversed the long trade at 2755 on total negation of PH breakout bar on 30 min resulting into a failed breakout .3rd trade was short at 2735 which proved to be a bumper trade. we could have added on the way down. We could have booked some profit at 2680-2700 and balance near the days end.
Everyone can see these trades on his/her charts.

Best Wishes,

Smart_trade

Hi ST,

Thanks for the summary.

When you have time, would you please explain about the failed breakout part? I could see that the green bar at 12.30 was followed by a big red bar. But to call this a failed breakout, how should this big red bar look like, suppose this red bar could have been little shorter than what it is now... would we still call it as a failed breakout? Is it that just the low of the 12-30 bar should be taken out?

(I reversed the long trade to short at 2735).

Please take your time and reply only after market closes.

Regards
Mowgli

 

[pleaseharsh]

anybody knows about resting & reversal bar.
i can't understand that.if anyone knows and have a time pls explain that.

thank you,
sanira

in brief :
resting bar : follows WRB and & negatiates 50 % or more than 50% of WRB
reversal bar : topping tail after an uptrend (opposite for downtrend)
(this is my understanding)
seniors can put more on this..
harsh

 

[bijovyppil]

quite right

alex, please tell me why?

 

[Sanira]

thank you pleaseharsh.

 

[pleaseharsh]

still we aren't short...right ?

 

[Smart_trade]

Hi ST,

Thanks for the summary.

When you have time, would you please explain about the failed breakout part? I could see that the green bar at 12.30 was followed by a big red bar. But to call this a failed breakout, how should this big red bar look like, suppose this red bar could have been little shorter than what it is now... would we still call it as a failed breakout? Is it that just the low of the 12-30 bar should be taken out?

(I reversed the long trade to short at 2735).

Please take your time and reply only after market closes.

Regards
Mowgli

Hello Mowgli,

Will reply after the mkt.Will it be ok ? Got to concentrate on trades now.

ST