Going with the Intraday Mini-Flow!!

[Reji]

Re: Intraday Miniflow Trades for Today: Saint's Method

30 minutes bar is our main timeframe in this method and we take most of our decisions on 30 min bars.We see 15 min bars for pivots in case the 30 min or 60 min point in the same direction. In our case today,we had a small PL formed in 10:30 bar on 15 min timeframe. In normal case we would not take a short position based on the crack of this pivot unless the higher timeframes are also showing bearishmess.

This 15 min PL at 2810 was cracked at around 12:00 noon.Now see the 30 min bar has already given a bearish piercing candle and the low of this piercing candle was broken,hence bearish indication.Also see 60 min chart,it was showing a black bearish candle ( though this bar was completed at 12:00) again a bearish formation so the 15 min pivot low cracking was a signal to take a short position .

Hope the above will help you in understanding the thought process.

Best Wishes,

Smart_trade

Dear Smart_trade,

Thank you very much for the explanation. Appreciate, if could you please brief, why we didn't consider 11:30 AM bar on 30min TF as resting bar { which covered 2/3 of previous bullish bar} to go short at 2818-filter? Even 60Min chart also showed bearish sign.

Thanks in advance.

Regards

Reji

 

[kapil123]

Re: Intraday Miniflow Trades for Today: Saint's Method

Dear Smart_trade,

Thank you very much for the explanation. Appreciate, if could you please brief, why we didn't consider 11:30 AM bar on 30min TF as resting bar { which covered 2/3 of previous bullish bar} to go short at 2818-filter? Even 60Min chart also showed bearish sign.

Thanks in advance.

Regards

Reji

The concept of Resting bar comes into picture only if we have a WRB. In this case 11.00 AM bar was not a WRB. So, there is no reason for the 11.30 AM bar to be considered as a resting bar.

Any bearish bar after a bullish bar cannot be considered as a resting bar for the purpose of SAR.

 

[Mowgli]

Re: Intraday Miniflow Trades for Today: Saint's Method

30 minutes bar is our main timeframe in this method and we take most of our decisions on 30 min bars.We see 15 min bars for pivots in case the 30 min or 60 min point in the same direction. In our case today,we had a small PL formed in 10:30 bar on 15 min timeframe. In normal case we would not take a short position based on the crack of this pivot unless the higher timeframes are also showing bearishmess.

This 15 min PL at 2810 was cracked at around 12:00 noon.Now see the 30 min bar has already given a bearish piercing candle and the low of this piercing candle was broken,hence bearish indication.Also see 60 min chart,it was showing a black bearish candle ( though this bar was completed at 12:00) again a bearish formation so the 15 min pivot low cracking was a signal to take a short position .

Hope the above will help you in understanding the thought process.

Best Wishes,

Smart_trade

Thank you ST, for the brilliant explanation, looking forward for more....

Regards

 

[ramling]

Re: Intraday Miniflow Trades for Today: Saint's Method

30 minutes bar is our main timeframe in this method and we take most of our decisions on 30 min bars.We see 15 min bars for pivots in case the 30 min or 60 min point in the same direction. In our case today,we had a small PL formed in 10:30 bar on 15 min timeframe. In normal case we would not take a short position based on the crack of this pivot unless the higher timeframes are also showing bearishmess.

This 15 min PL at 2810 was cracked at around 12:00 noon.Now see the 30 min bar has already given a bearish piercing candle and the low of this piercing candle was broken,hence bearish indication.Also see 60 min chart,it was showing a black bearish candle ( though this bar was completed at 12:00) again a bearish formation so the 15 min pivot low cracking was a signal to take a short position .

Hope the above will help you in understanding the thought process.

Best Wishes,

Smart_trade

Dear ST,
Thanks again for your valuable guidance.Sir,your guidance is needed again.As you have pointed out that 30 and 60 minutes TFs are pointing to bearisness,please tell me is it worth waiting for the completion of 30 and 60 minutes TFs to initiate SARs since in real time frames the price may go higher also at the last moment.
Thanks once again.
Ramling.

 

[bijovyppil]

Re: Saint's Intraday Miniflow - live discussion

goodmorning friends
wishing all a happy trading day
bijo

 

[myvineet]

Re: Saint's Intraday Miniflow - live discussion

High=2610
low=2589

 

[kiranb]

Re: Saint's Intraday Miniflow - live discussion

High :2614
Low :2580

long above 2628
short below 2566

 

[lvgandhi]

Re: Saint's Intraday Miniflow - live discussion

High 2610 Low 2587

 

[kris905]

Re: Saint's Intraday Miniflow - live discussion

H 2614.00
l 2580.00
??

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

h= 2611 l= 2589