Going with the Intraday Mini-Flow!!

[Smart_trade]

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

Dear Sir,
This explanation by Mr.Vineet and your acceptance by saying THANKS is showing logic from your side.Let us not deviate more from the guidelines laid out by Mr.Saint.Seeing the market movement from the normal form of 10,11,12 Hrs etc to what is mentioned above will create confusion in traders mind.By doing this everyone will try to give a best possible trade at the end of the day which is possible at the end of day only.During live trading session it will be a different and most demanding situation especially during reversal trades.To all Seniors My request is with in the laid guidelines please analyse the Day's trade and educate us.
Thanks.
Ramling

Ramling,

There is neither confusion nor any deviation deviation from the rules and no attempt to give best possible trades at the end of the day. For your information we are taking these trades in the market time with real money. We make our mistakes and we have openly admitted these.So remove this notion from your mind that we are giving only best trades in hindsight.We gain nothing by proving anything to anyone. We are trying to give correct trades as per our limited thinking and experience and seriously donot know how long we will continue that.

LVG and Ramling,

Let me try to explain.When you have couple of strong down bars ( but not WRBs) and we have no other place to keep our stop loss ( which means no WRB,no pivots) we keep our SAR at high of last 60 min.That means when we are in 3:00 candle on 30 min our SAR will be at the high achieved between 1:30 to 2:30 that means high in two 30 min candles and when you say last 60 min candle high this means high achieved between 1:00 and 2:00 as we are in 3:00 hourly candle. These levels were different in yesterdays case and I had mentioned these different levels.

Hope I am able to convey what I had in mind.

Smart_trade

 

[ramling]

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

The filters
1) Filter = 14 (F)
2) reversal filter or small filter = 7 (SF)
3) Add filter = 5 (A)
These are old number.. use your own filters.

09:55 - 10:00 Bar - H = 2832.0, L = 2815.3
First 5 min Bar

10:00 - 10:30 Bar - H = 2842.0, L = 2819.0
No Trade, new High made
Long filter = This bar's high + (F)

10:30 - 11:00 Bar - H = 2845.5, L = 2828.7
No Trade, new High
Long filter = This bar's high + (F)

11:00 - 11:30 Bar - H = 2840.2, L = 2826.0
No Trade, new low made (later it becomes a pivot)

11:30 - 12:00 Bar - H = 2848.5, L = 2834.0
No Trade, new High made
Long filter = This bar's high + (F)
Short filter = Pivot low + (SF)

12:00 - 12:30 Bar - H = 2838.7, L = 2805.0
Short Trade Triggers
SAR = last bar High + (SF) [ Its HOD(2848.5) + (SF) too ]
It appears (not confirmed until the next bar) this is a failed breakdown, nothing to be done for that.

12:30 - 13:00 Bar - H = 2876.0, L = 2833.0
Long trade Triggers, Short trade was a loss.
SAR = last bar's low - (SF) [ Its LOD(2805) - (SF)]

13:00 - 13:30 Bar - H = 2870.0, L = 2855.0
Nothing to be done, in Longs.

13:30 - 14:00 Bar - H = 2896.4, L = 2846.0
Add triggers at HOD (2876) + (A), In Longs with adds.

14:00 - 14:30 Bar - H = 2921.7, L = 2892.0
Nothing to be done, Strong move up.
Add at HOD (2896) + (A), as per personal choice and MM.
The reason for two adds was Strong up Move.
SAR shifted to low of 13:30 - 14:00 bar - (SF), Its a pivot on 30 min.

14:30 - 15:00 Bar - H = 2926.4, L = 2892.9
This bar was kind of brakes on the up move, booked partial profits.
The last add was kind of booked at the same place...so not a profit booking as such...

15:00 - 15:30 Bar - H = 2938.9, L = 2905.6
Last bar of the day, profit taking as per choice and trading by 15 min charts.
No more SAR.. only SL.. as close to your profit booking level.

Dear Dhakkan,
Thanks for your pain taking effort in presenting very nicely today's trade.Please continue to do your presentation in this thread and make us to learn more while following this method.
With regards,
ramling

 

[orderflow13]

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

 

[dhakkan]

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

Dear Dhakkan,
Thanks for your posting. My view is that up to 12:00, I considered as sideways movement. Hence for me Short entry point was 10:00 bar low 2815-filter. No short trade. Only long trade.
Further regarding adds, may be in this situation of strong move two adds may be correct. But if I remember correct, Saint has advised for nifty mini flow only one add.

Dear lvgandhi,

Agree with you on considering it a sideways movement, good you avoided the loosing Short trade.

As per adds, I have mentioned :
Add at HOD (2896) + (A), as per personal choice and MM.
The reason for two adds was Strong up Move.

If you dont want, you can avoid the add.. but I took it.
Also, there does not seems to be any restrictions on number of adds

Quoting Saint :

ADDS:There will only be one add to the initial posn.......if we get a momentum move,with big WRB's,then might be 2 adds max.Whether you add an equal no.of contracts or lesser is up to you,so long as you don't add more number of contracts than the initial posn.....Once we get a breakdown from the first bar,and we get a strong definite close of BAR 2 to the down,our ADD is at the low of BAR 2(for example!).Next ADD is only on a clear cut pivot break on the 20/30.

regards.

 

[ramling]

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

Ramling,

There is neither confusion nor any deviation deviation from the rules and no attempt to give best possible trades at the end of the day. For your information we are taking these trades in the market time with real money. We make our mistakes and we have openly admitted these.So remove this notion from your mind that we are giving only best trades in hindsight.We gain nothing by proving anything to anyone. We are trying to give correct trades as per our limited thinking and experience and seriously donot know how long we will continue that.

LVG and Ramling,

Let me try to explain.When you have couple of strong down bars ( but not WRBs) and we have no other place to keep our stop loss ( which means no WRB,no pivots) we keep our SAR at high of last 60 min.That means when we are in 3:00 candle on 30 min our SAR will be at the high achieved between 1:30 to 2:30 that means high in two 30 min candles and when you say last 60 min candle high this means high achieved between 1:00 and 2:00 as we are in 3:00 hourly candle. These levels were different in yesterdays case and I had mentioned these different levels.

Hope I am able to convey what I had in mind.

Smart_trade

Dear ST Sir,
Thank you very much for your explanation.I always have high regards for you.Sir,you are first one to answer when ever any trader/learner seek guidance not only in this post but also in other post too.As you said it is always a new learning experience in intra day trade especially with Nifty.Please continue to enlighten us in difficult trades.
With regards,
ramling.

 

[ramling]

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

Dear Sir,
There is no picture appearing in your post.I tried to open with the help of the mouse but not possible.What is in it?Please post once again.If you think that is not important please leave it.
With regards,
ramling.

 

[myvineet]

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

As per my understanding, we can not see the hourly bar from 11.30 - 12.30 etc.
Hourly bars means 9:55 to 10:00, 10-11, 11-12, 12-13,13-14, 14-15, 15-15:30.
Seniors please clarify.

uthuman

but sir we can watch two bars of 11.30-12.00 &12.00-12.30 bar & i think it is not very difficult to know high or low of these two bars

regards

 

[ramling]

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

As per my understanding, we can not see the hourly bar from 11.30 - 12.30 etc.
Hourly bars means 9:55 to 10:00, 10-11, 11-12, 12-13,13-14, 14-15, 15-15:30.
Seniors please clarify.

uthuman

Dear Uthuman,
Your doubt and mine is cleared by Mr.ST in the follow up post by him.Please read if you have not read till this time.
Wish you,
ramling.

 

[Saint]

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

Alex,

Nice trade......just an add from my end......have a look at the HDIL charts and NF Charts.Not wrong in reversing short in NF if filters are hit.But in the case of HDIL,no reversal to short where you had indicated.

Long and adds all the way till the end.One trade only.

Great going....

Saint

 

[Saint]

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

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

hmmmm....some nice moves in HDIL these days......this day as well,it's a clear cut day....Long and adds only.

Yes,our huge problem is anticipation......but having a set plan and following it rigidly will overcome that problem.

Slow and steady......great going,Alex!

Saint