Going with the Intraday Mini-Flow!!

[orderflow13]

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

Hello everyone,
Posting after ages,
IF people are wondering why I didn't reverse using 2 bars its because we didn't have a steep gradient down, it was a limp move downwards So I preferred HOD.

Regards,
MJ-

Good to see your post MJ.Totally agree with not applying 4 bar rule here as that was not a gradient move.
But the second bar from left was a pivot high for me, as it was a high of the congestion zone made by 30 min bars and 15 min bars, and at the time of break out of that pivot high higher time frames were converging. i dindt trade in NF but at that time while watching it i thought about going long when that pivot high was taken out.

 

[lvgandhi]

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

Dear Rakesh,ST,Other Seniors,
For me an interesting trade situation arised today.As per ODIN TRADE SCREEN the following H/L are recorded.
First bar H 2850 L 2819

Second bar H 2837.3 L 2808.35 so on a STANARD filter 14 no short

Third bar H 2825 L 2801.3 so on a STANARD filter 14 no short

Fourth bar H 2807.4 L 2791.0 so on a STANARD filter 14 no short

Fifth bar H 2815.3 L 2787.3 so on a STANARD filter 14 no short
But applying moving filter LONG triggered in the 5th bar.
So up to 5th bar short is not triggered as per the above set of data.Please give your opinion on this trade set up.
With thanks,
Ramling.

Except first all other bars matches with mine also. Firat bar is always problematic. In data feed in table I also got 2850and 2719 as H and L. But chart showed 2847 and 2826 as H and L.

 

[musicjunkie]

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

Great Alex
And yes it does feel nice to post again...

MJ-

 

[myvineet]

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

good to see your post mj.totally agree with not applying 4 bar rule here as that was not a gradient move.
But the second bar from left was a pivot high for me, as it was a high of the congestion zone made by 30 min bars and 15 min bars, and at the time of break out of that pivot high higher time frames were converging. I dindt trade in nf but at that time while watching it i thought about going long when that pivot high was taken out.

you don't trade nifty now ...thats why the volume is so low now ...

then what do you trade intraday ?

WELCOME BACK MJ

Vineet

 

[orderflow13]

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

you don't trade nifty now ...thats why the volume is so low now ...

then what do you trade intraday ?

WELCOME BACK MJ

Vineet

lol..vineet, i try to trade the stocks which are still somewhat in trend, today i traded bank of baroda ..short triggered at third bar and nothing happened afterwards close the trade in 30 paise loss
Regards
Alex

 

[pleaseharsh]

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

hello...
i have read the useful tutorials regarding 'mm' ...as per it maximum risk per trade shouldn't be more than 2 %....
how to deal with such scenerio :
1 lot
5 min bar: h = 2845 l=2798 ,suppose in a very next bar i.e 10.30 bar
my short gets triggered at 2784 ...sar @ 2852 (hod +f )
now that comes to :
risk points : 68 pts = 68 x 20= 1360 rs = 2.44 % risk on the capital...
now of course sar is at its right place.....
so is it ok to go with such 2.44 risk % ?
i am doing some backtesting and do come up with such situation where the very first bar high,low range is 45-60 pts...

thank you

 

[TFL]

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

hello...
i have read the useful tutorials regarding 'mm' ...as per it maximum risk per trade shouldn't be more than 2 %....
how to deal with such scenerio :
1 lot
5 min bar: h = 2845 l=2798 ,suppose in a very next bar i.e 10.30 bar
my short gets triggered at 2784 ...sar @ 2852 (hod +f )
now that comes to :
risk points : 68 pts = 68 x 20= 1360 rs = 2.44 % risk on the capital...
now of course sar is at its right place.....
so is it ok to go with such 2.44 risk % ?
i am doing some backtesting and do come up with such situation where the very first bar high,low range is 45-60 pts...

thank you

pleaseharsh,

I too was in such a confusion long ago...The solution is...
2% is a normal level of risk most common traders take, but many are only taking much less than that. You may even go beyond 2%... All depends on your risk bearing capability. It seems that, we usually get a wider SAR when we initiate the entry and may get chance to reduce it at a later stage most of the time.

If needed you can back test how many times such an entry wide SAR hit and then you can position yourselves to the levels of risk you can take. That will definitely give an answer for your question, "2.44% or 2% itself ?"

Optionally, if the SAR is too far and your risk is 2% + then you may try reducing the entry lot.

Hari.

 

[orderflow13]

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

hello...
i have read the useful tutorials regarding 'mm' ...as per it maximum risk per trade shouldn't be more than 2 %....
how to deal with such scenerio :
1 lot
5 min bar: h = 2845 l=2798 ,suppose in a very next bar i.e 10.30 bar
my short gets triggered at 2784 ...sar @ 2852 (hod +f )
now that comes to :
risk points : 68 pts = 68 x 20= 1360 rs = 2.44 % risk on the capital...
now of course sar is at its right place.....
so is it ok to go with such 2.44 risk % ?
i am doing some backtesting and do come up with such situation where the very first bar high,low range is 45-60 pts...

thank you

Money management means managing risk on your own initial capital.
what i get is if risk of 1360 rs = 2.44 % that means u talking about capital 50,000 rs ? now please dont take me wrong here,.. if this is the case then 50 k is not sufficient capital to trade in derivatives.Most seniors advice the capital of 3 lk and more,if you back test oct to dec 07 trades u will find your self sar most of the times more than 60 points.
P.S. For day trading I dont risk more than 0.75 % per trade on my initial capital.Though its a personal choice.

 

[pleaseharsh]

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

thanx hari & alex for yr valuable replies...
yeah...i m facing up lot of scenerios where sar is as far as 80-100 points away even in the middle of the trade...and sar is as per rules...backtesting is really helping me to the extent...
alex...its just cuz i m still very new to the method and need sufficient backtesting & paper trading......i m aware that it requires sufficient lot size to get the decent profit....but will need to built up a confidence in myself...
at the moment i m backtesting with 2 initial lots .....and add 1 lot to the position only at the pivot break....but do secure 1 initial lot(if getting 35-50 pts) ...so adjusting as per comfortability, convience & situation.....its try & error at the moment...
regards
harsh

 

[bijovyppil]

Re: Saint's Intraday Miniflow - live discussion

good morning friends....
wish you all a happy trading day
bijo