Re: Intraday Miniflow Trades for Today: Saint's Method
Wish you a very Happy Birthday Saint Sir.....from me and all at this forum.
Miniflow Trades for 29 Nov 08
The 30 min chart for the day (Dec Contract) is attached here...lets go throught the trade details:
10:00..mkt opens.
10:30....inside bar.
11:00...another inside bar.....highs/lows not tested.
11:30..bar forms a lower high, lower low...but doesnt take out our filter. no trade.
12:00..another bar with lower lows, but insufficient to take out our filter. No trade still.
12:30...lower filter taken out...we go SHORT. The bar closes by giving us the 4th LL/LH...Also notice, thats the high of the previous 60min high...as also a pivot at 15min. So we keep our stops at the high of 11am bar plus the filter.
Another thing to notice here....watch that pivot on the 15 min. If the higher tfs would'nt have agreed...it would have been wrong to take that pivot as the SAR.
1:00...SAR taken out.....we are LONG now, with stops at low of 12:30 bar.
1:30...reversal bar..nothing to be done. incidently, we get a pivot on 30min now.
2:00...new lows, but SAR saved bec of our filter.
2:30...add at the pivot high triggered.
3:00...book profits as per your individual plans.
3:30...get out completely by the close.
Just a few more points since this is the first post on trades from me:
1.
There is a deliberate avoidance of mentioning the filters..as also the levels where the trades get triggered.
2. Profit booking is as per individual plans..so you will not find mentions abt the levels.
3. The trade SHOULD have been taken on the Nov Fut series as per the method...but I had a problem with the data, so could trade only the Dec Futs. Hope this is clear.
Let me know if you have any doubts etc..will try best to clear.
Saint Sir.....Best wishes once again. Cant ask you to spare your time on this day
..but remember, we are selfish for your time.
Thanks a lot,
Rakesh