Going with the Intraday Mini-Flow!!

[lvgandhi]

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

We have 2 filter
1) Filter = 14 (F)
2) reversal filter or small filter = 7 (SF)
These are old number, Most these days use different.

09:55 - 10:00 Bar - H = 2955.9, L = 2924.5
First 5 min Bar

10:00 - 10:30 Bar - H = 2951.0, L = 2917.1
Did not trigger any Trade, as made a new low by 7 points.
Readjust Low Trigger to low of this bar - (F)

10:30 - 11:00 Bar - H = 2926.0, L = 2902.0
Did not trigger any Trade, made a new low by about 15 points.
For many of us it did not trigger a trade because of higher filter's.
For few it might have triggered a Short trade, keep the SAR at HOD.

11:00 - 11:30 Bar - H = 2926.7, L = 2898.0
Nothing much, did not trigger a trade nor hits the SAR for those who are short.

11:30 - 12:00 Bar - H = 2933.7, L = 2916.1
Nothing much, did not trigger a trade nor hits the SAR for those who are short.

12:00 - 12:30 Bar - H = 2928.8, L = 2907.0
No trade triggers, Long trigger adjusted, High = 2934 + (F) (later it becomes a pivot high)
We get a pivot low at 2898, Short trigger below this pivot = 2898 - (SF).
As, in case of pivots on 30min, we use (SF).
No SAR hits for those who are short.

12:30 - 13:00 Bar - H = 2926.5, L = 2901.3
Nothing much, did not trigger a trade, Long Trigger pivot High = 2934 + (SF).
No SAR hits for those who are short, SAR above 30 min pivot.

13:00 - 13:30 Bar - H = 2940.3, L = 2905.1
It almost reaches our Long trigger, but no trade.
No SAR hits for those who are short, SAR above 30 min pivot.
SAR was 2934 + (SF) (33.7 rounded to 34), and it reached till 40.3. (Not hit even with 7)

13:30 - 14:00 Bar - H = 2909.8, L = 2874.0
Short Trade triggered at 2898 - (SF), SAR at last bar high = 2940 + (SF)
Its a WRB on 30min charts.

14:00 - 14:30 Bar - H = 2890.9, L = 2864.9
Last bar was a WRB on 60 min. A WRB breakdown, good if continues.
In retrospect feel, could have booked some profits, as per individual choice..

14:30 - 15:00 Bar - H = 2917.0, L = 2866.0
Big Green bar, Hourly is showing WRB breakdown failure, the Green Bar negates more than 50% of the Down bar.
Breakdown failure on Hourly, clearly visible, SAR to be bought down to this BAR's High after close, or it hits our SAR.
SAR after close of this BAR = 2917 + (SF).


15:00 - 15:30 Bar - H = 2947.0, L = 2913.0
SAR at 2917 + (SF) hit.
Long with SAR for below the WRB, profit taking at close.

Dear Dhakkan,
Very Nicely explained. But if I remember correct, SAR should be high of 14:00 bar WRB in 60 min time frame. more than 50% breakdown gives an indication. But SAR will be top of WRB in hourly chart. This what I understood from Saints posts.

 

[Smart_trade]

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

Dear Dhakkan,
Very Nicely explained. But if I remember correct, SAR should be high of 14:00 bar WRB in 60 min time frame. more than 50% breakdown gives an indication. But SAR will be top of WRB in hourly chart. This what I understood from Saints posts.

I am afraid SAR at 14:00 bar of 60 min TF ( this level is 2940) plus space is not correct lvg, We could have kept SAR at following two places :

1) After a strong down bar we can keep SAR at last 60 min high ( this does not mean high of last 60 min candle but it means high of last 60 min.) SAR was hit in 3:00 bar.So 60 min back means high of 2 candles of 30 min or 14:00 candle high in 30 min,as our main trading TF is 30 min. This level is 2910 and not 2940 as envisaged by you.

2) As hourly WRB was negating and the 3:00 bar closed above 50 % of the hourly down WRB ,the moment the high of this bar 2917 is taken out it is a reversal. Dhakkan kept his SAR here.

I have summerised the WRB reversals in my post which is few posts early.Here you will see that the resting bar closed above 50% of earlier down WRB on 60 and the taking out of high of this resting bar is a reversal. So we need not wait for the entire WRB high to be taken out.

Saint had explained these reversal in this thread long back.

With Best Wishes,trade well...

Smart_trade

 

[orderflow13]

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

Dhakkan superb chart and it was very fresh, felt like i chewed mint
btw friends I think we also post profit bookings like where we book 1/3 or 1/2,
I am missing those posts of saint sir where he booked 1/3 or part profits, it was very learning experience. And where is saint sir? hope he is fine n watching us carefully.

 

[orderflow13]

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

HDIL 30 min flow

 

[pleaseharsh]

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

good analysis from dhakkan & st...
but st..i got a doubt regarding resting bar ....is it not necessary for the resting bar's low (or high if long) almost similar to the wrb's low ...??
as of todays 3 pm hrly bar low is more than 2 pm bar ...

 

[orderflow13]

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

ET Investor's guide ( ET's research was for day traders to ride the higher wave and maximize the gains, research was limited for nifty 50 stocks and nifty junior stocks )

 

[Saint]

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

Dhakkan superb chart and it was very fresh, felt like i chewed mint
btw friends I think we also post profit bookings like where we book 1/3 or 1/2,
I am missing those posts of saint sir where he booked 1/3 or part profits, it was very learning experience. And where is saint sir? hope he is fine n watching us carefully.

Fine and watching,my friend.....nothing to add to the excellent posts in this thread so far.

Great stuff and well done!

Saint

 

[Saint]

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

HDIL 30 min flow

Alex,

Just an add.....

The long is great......Where it is denoted "profit booking",that is your reversal point to "Short".......and where it is denoted as "Sq Off",is either sq off or reversal to long as per your comfort levels.

Saint

 

[orderflow13]

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

Alex,

Just an add.....

The long is great......Where it is denoted "profit booking",that is your reversal point to "Short".......and where it is denoted as "Sq Off",is either sq off or reversal to long as per your comfort levels.

Saint

Glad to see your post Saint sir.
At that HDIL profit booking point my one mind was saying go short but must admit it was my mistake as i didnt wash my memories of yesterdays trade.
I wish i wd hv posted yesterday's hdil trade, so i could have avoided todays mistake, I didnt post yesterdays chart as i made few mistakes.

My yesteday's ( 10.12.08 ) hdil trade

At that time of profit booking in above chart i was watching nifty also, n nifty was hitting that 2890 zone and retracing.So i thought incorrectly, hdil might also hit the resistance zone so better book profit.And when i got out of trade, to my dismay hdil made a big move from 97 to 102.Luckily after some time when i saw hdil is very near to my 'suppose to be' sar point i reenter the trade thinking if i stopped out i will go short and there is less risk in it.
So today that thing was fresh in my mind and thought hdil is way too strong so better wait for short ....Still learning to curb my anticipation.
Thanks again Saint sir for pointing out the mistake.
Alex

 

[Smart_trade]

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

good analysis from dhakkan & st...
but st..i got a doubt regarding resting bar ....is it not necessary for the resting bar's low (or high if long) almost similar to the wrb's low ...??
as of todays 3 pm hrly bar low is more than 2 pm bar ...

Not nesessary harsh, WRB means market is in strong momentum. The market may continue in the direction of the momentum in the next bar before turning as a resting bar and closing above( in our case yesterday) 50% of WRB.This was what happened yesterday.2:00 bar on 60 was a WRB,mkt continued its downmove giving us lower low in 3:00 bar and reversed to close above 50% of preceeding down WRB bar.

Best Wishes,

Smart_trade