Going with the Intraday Mini-Flow!!
- Thread starter Saint
- Start date
- Tags intra day live intraday nifty miniflow miniflow live nifty futures trading nifty intraday trading saint
- Status
Re: Intraday Miniflow Trades for Today: Saint's Method
Filters
1) Filter = 14 (F)
2) reversal filter or small filter = 7 (SF)
3) Add filter = 5 (A)
Use your own filters, these are old numbers.
09:55 - 10:00 = 2971, 2956
First 5 min bar
10:00 - 10:30 = 2979.9, 2953.5
No trade triggered.
Readjust Low Trigger to low of this bar - (F)
10:30 - 11:00 = 2966.5, 2941
No trade triggered. This looks like a breakdown, move 1.
Readjust Low Trigger to low of this bar - (F)
11:00 - 11:30 = 2962.8, 2931.5
No trade triggered, Instead a clear failed breakdown.
Long trigger now High of this bar + (SF) = 2963 + (SF).
Reason :
1) move 2 of the day
2) Its also Failed breakdown
11:30 - 12:00 = 2989.35, 2955.2
Long trade triggered at 2963 + (SF)
First Add above pivot high of 2980 + (A)
After that adds and Profit booking, as per plan and convenience.
Filters
1) Filter = 14 (F)
2) reversal filter or small filter = 7 (SF)
3) Add filter = 5 (A)
Use your own filters, these are old numbers.
09:55 - 10:00 = 2971, 2956
First 5 min bar
10:00 - 10:30 = 2979.9, 2953.5
No trade triggered.
Readjust Low Trigger to low of this bar - (F)
10:30 - 11:00 = 2966.5, 2941
No trade triggered. This looks like a breakdown, move 1.
Readjust Low Trigger to low of this bar - (F)
11:00 - 11:30 = 2962.8, 2931.5
No trade triggered, Instead a clear failed breakdown.
Long trigger now High of this bar + (SF) = 2963 + (SF).
Reason :
1) move 2 of the day
2) Its also Failed breakdown
11:30 - 12:00 = 2989.35, 2955.2
Long trade triggered at 2963 + (SF)
First Add above pivot high of 2980 + (A)
After that adds and Profit booking, as per plan and convenience.
Re: Intraday Miniflow Trades for Today: Saint's Method
Failed breakdown was a very powerful signal today to initiate long position as failed breakdown indicates very powerful move in the other direction ( ie up in todays case). And what a roaring upmove we got after that.
For all of us who are studying Saint sir's mini flow method, today's market gave beautiful illustrations in the concept of first move,second move,moving space ( large and small), failed breakdown.I suggest everyone to study todays charts and understand all these concepts clearly.
Some of us went long but pretty late and that too after considering inflation numbers,its likely effects,our own predisposition,overbought/oversold ,etc etc and once a correct point is missed,late entry is always difficult entry. We are trading price charts in this method and it is the only basis for our entry and exit in this method. We dont need any other inputs like ROC,RSI etc.I am sure if anyone tried to trade the afternoon move looking at ROC,RSI or Bollinger bands,he would have got his head handed over to him on a platter.So friends,stick to the system and it will reward you in plenty.
Best Wishes,
Smart_trade
Failed breakdown was a very powerful signal today to initiate long position as failed breakdown indicates very powerful move in the other direction ( ie up in todays case). And what a roaring upmove we got after that.
For all of us who are studying Saint sir's mini flow method, today's market gave beautiful illustrations in the concept of first move,second move,moving space ( large and small), failed breakdown.I suggest everyone to study todays charts and understand all these concepts clearly.
Some of us went long but pretty late and that too after considering inflation numbers,its likely effects,our own predisposition,overbought/oversold ,etc etc and once a correct point is missed,late entry is always difficult entry. We are trading price charts in this method and it is the only basis for our entry and exit in this method. We dont need any other inputs like ROC,RSI etc.I am sure if anyone tried to trade the afternoon move looking at ROC,RSI or Bollinger bands,he would have got his head handed over to him on a platter.So friends,stick to the system and it will reward you in plenty.
Best Wishes,
Smart_trade
Last edited:
Re: Intraday Miniflow Trades for Today: Saint's Method
Dear Dhakkan / ST,
Frankly, I haven't properly understood the reasoning behind going long at high of 11:30 bar ie 2963+filter...
What made you decide that break of 2963 would result in false breakdown, and a chance of bullish reversal... We had a good pivot high in form of 10:30bar high of 2980 in 30min chart too by that time...
Was it because 11:30 bar ended as an inverted hammer (as neeraj pointed out to me)???
Infact, Vineet was the first one in LVGandhi's live mini-flow thread to point out that we should go long above 2963+f..
But your quote, which he gave as a reason, was bit unconvincing to me..
Another member, Harsh, cited 20th November's chart as example, which even i agree matched with today's pattern correctly.
But he gave Saint Sir's views, according to which, long was at the high of the collective sideways bar, which corresponds to 2980+f again in today's case...
trade link
In short, why 2963+f was given preference over 2980+f, as entry level???
Hope, somebody answers to my query for a change this time...
Dear Dhakkan / ST,
Frankly, I haven't properly understood the reasoning behind going long at high of 11:30 bar ie 2963+filter...
What made you decide that break of 2963 would result in false breakdown, and a chance of bullish reversal... We had a good pivot high in form of 10:30bar high of 2980 in 30min chart too by that time...
Was it because 11:30 bar ended as an inverted hammer (as neeraj pointed out to me)???
Infact, Vineet was the first one in LVGandhi's live mini-flow thread to point out that we should go long above 2963+f..
But your quote, which he gave as a reason, was bit unconvincing to me..
Another member, Harsh, cited 20th November's chart as example, which even i agree matched with today's pattern correctly.
But he gave Saint Sir's views, according to which, long was at the high of the collective sideways bar, which corresponds to 2980+f again in today's case...
trade link
In short, why 2963+f was given preference over 2980+f, as entry level???
Hope, somebody answers to my query for a change this time...
Re: Intraday Miniflow Trades for Today: Saint's Method
Hi Sunil,
Ok....now ST and Dhakkan have already said most of what relevantly was to be said. Let me just add a few more lines to it.
Lets see the 10.30 bar first.... higher high and lower low as compared to 10am bar.....so we keep the trigger on both the sides with higher filter.
11 am bar....clear breakdown....lower high and lower low. We couldnt reach the trigger due to our filter, else would have shorted... Agree with me???? Now we are increasingly looking at the short side of trading the day.
11.30 bar.... again a continuation of down move. Our trigger shifter to last bar low minus the bigger filter......hell, it again couldnt trigger the short. Saved by the bigger filter.
Stop now.
We had no doubt about using the bigger filter for the down move till this point. But at this point.....if we have to go Long...where would we go Long???
2 options.....either this 11.30 bar high Or at the pivot high of 10.30.
If u agree that the flow till this point was down, the green candle we got at 11.30 would have just been a minor abberration to the smooth flow down till this point. Markets in all likelihood were just taking a pause....to resume their earlier journey southwards.
However, if/when it didnt comply to our view...and instead started going higher, we should be doubly sure about Trend reversing.....and we therefore enter it with our smaller filter...at the earliest...ie..at the high of 11.30 bar.
And I am not even talking about chart patterns/doji etc etc...
Nothing more to add friend. Do get back if you find this improper/disagrreable.
Thanks,
Rakesh
Dear Dhakkan / ST,
Frankly, I haven't properly understood the reasoning behind going long at high of 11:30 bar ie 2963+filter...
What made you decide that break of 2963 would result in false breakdown, and a chance of bullish reversal... We had a good pivot high in form of 10:30bar high of 2980 in 30min chart too by that time...
Was it because 11:30 bar ended as an inverted hammer (as neeraj pointed out to me)???
Infact, Vineet was the first one in LVGandhi's live mini-flow thread to point out that we should go long above 2963+f..
Another member, Harsh, cited 20th November's chart as example, which even i agree matched with today's pattern correctly.
But he gave Saint Sir's views, according to which, long was at the high of the collective sideways bar, which corresponds to 2980+f again in today's case...
In short, why 2963+f was given preference over 2980+f, as entry level???
Hope, somebody answers to my query for a change this time...
Frankly, I haven't properly understood the reasoning behind going long at high of 11:30 bar ie 2963+filter...
What made you decide that break of 2963 would result in false breakdown, and a chance of bullish reversal... We had a good pivot high in form of 10:30bar high of 2980 in 30min chart too by that time...
Was it because 11:30 bar ended as an inverted hammer (as neeraj pointed out to me)???
Infact, Vineet was the first one in LVGandhi's live mini-flow thread to point out that we should go long above 2963+f..
Another member, Harsh, cited 20th November's chart as example, which even i agree matched with today's pattern correctly.
But he gave Saint Sir's views, according to which, long was at the high of the collective sideways bar, which corresponds to 2980+f again in today's case...
In short, why 2963+f was given preference over 2980+f, as entry level???
Hope, somebody answers to my query for a change this time...
Ok....now ST and Dhakkan have already said most of what relevantly was to be said. Let me just add a few more lines to it.
Lets see the 10.30 bar first.... higher high and lower low as compared to 10am bar.....so we keep the trigger on both the sides with higher filter.
11 am bar....clear breakdown....lower high and lower low. We couldnt reach the trigger due to our filter, else would have shorted... Agree with me???? Now we are increasingly looking at the short side of trading the day.
11.30 bar.... again a continuation of down move. Our trigger shifter to last bar low minus the bigger filter......hell, it again couldnt trigger the short. Saved by the bigger filter.
Stop now.
We had no doubt about using the bigger filter for the down move till this point. But at this point.....if we have to go Long...where would we go Long???
2 options.....either this 11.30 bar high Or at the pivot high of 10.30.
If u agree that the flow till this point was down, the green candle we got at 11.30 would have just been a minor abberration to the smooth flow down till this point. Markets in all likelihood were just taking a pause....to resume their earlier journey southwards.
However, if/when it didnt comply to our view...and instead started going higher, we should be doubly sure about Trend reversing.....and we therefore enter it with our smaller filter...at the earliest...ie..at the high of 11.30 bar.
And I am not even talking about chart patterns/doji etc etc...
Nothing more to add friend. Do get back if you find this improper/disagrreable.
Thanks,
Rakesh
Re: Intraday Miniflow Trades for Today: Saint's Method
Rakesh,
thanks a lot for your detailed explanation & time u took out for me.
Everything before "Stop now" in your reply was known to me, and there was no confusion in that at all.
It's only the later part....
Anyway, it's just a matter of slight late entry... not much difference between 2963 & 2980...
just wanted to know & clarify the concept part / reasoning from you more experienced guys (PROs of 60min flow)...
Not much convinced though, but I realise that today was a rare kind of reversal day... given that I faced it in real time trade for the first time in som many weeks.
Thanks again
Rakesh,
thanks a lot for your detailed explanation & time u took out for me.
Everything before "Stop now" in your reply was known to me, and there was no confusion in that at all.
It's only the later part....
Anyway, it's just a matter of slight late entry... not much difference between 2963 & 2980...
just wanted to know & clarify the concept part / reasoning from you more experienced guys (PROs of 60min flow)...
Not much convinced though, but I realise that today was a rare kind of reversal day... given that I faced it in real time trade for the first time in som many weeks.
Thanks again
Re: Intraday Miniflow Trades for Today: Saint's Method
Pakatil,
The failed breakdown changes everything.. otherwise the pivot would have been a correct entry.
regards.
The moment PH was visible, my mind stopped thinking & interpreting....
Generally I am reluctant to use any other thing, be it news, indicators...etc.
May be my limitations...
Cheers
Generally I am reluctant to use any other thing, be it news, indicators...etc.
May be my limitations...
Cheers
The failed breakdown changes everything.. otherwise the pivot would have been a correct entry.
regards.
Re: Intraday Miniflow Trades for Today: Saint's Method
Hi Sunil,
We have always answered the genuine and sincere querries and yours are always of these types.So I dont remember your querry having gone unanswered. If it is,it is totally unintentional.
Let us come to the point of discussion. Rakesh has very clearly ellaborated the first move,second move and the trailing of moving space in his above post and I totally agree and have nothing to add to it. Do we take it as resolved ?
I am not relying on any candlestick pattern.But the 11:30 bar bounced back like a spring and negated 11:00 bar totally.The next bar continued the upthrust and triggered the long trade. Watch the limping nature of the downmove and its inability to crack our moving filter. And watch the upthrust.You will understand what I mean by breakdown failure.
20 th Nov example is out of context and totally irrelevant today.I have ( and sure you also must have ) traded both these days moves . That day was " Doing Nothing" kind of move,neither triggered a buy nor a sell.But observe that Saint has said that day that if your filter (space) triggered a buy,you are long.(his filter did not trigger a buy). But nowhere he has said "ignore the buy". This of course based on my understanding.
Sure the clear PH was closeby but it was still 18 points later than our enrty. And if it was 40 points away ? Do we watch helplessly mkt reversing strongly and not enter till the PH broken ? We are talking about the right concept here and reversing on 11:30 bar high was a correct point to reverse in my opinion.
Sunil,If you still dont agree,no issues,we can still debate it . A healthy discussion and debate is most welcome.
We respect you and consider you as senior member of our TJ traders group.
Best Wishes,Sunil....
You always trade well,Trade better
Smart_trade
Dear Dhakkan / ST,
Frankly, I haven't properly understood the reasoning behind going long at high of 11:30 bar ie 2963+filter...
What made you decide that break of 2963 would result in false breakdown, and a chance of bullish reversal... We had a good pivot high in form of 10:30bar high of 2980 in 30min chart too by that time...
Was it because 11:30 bar ended as an inverted hammer (as neeraj pointed out to me)???
Infact, Vineet was the first one in LVGandhi's live mini-flow thread to point out that we should go long above 2963+f..
But your quote, which he gave as a reason, was bit unconvincing to me..
Another member, Harsh, cited 20th November's chart as example, which even i agree matched with today's pattern correctly.
But he gave Saint Sir's views, according to which, long was at the high of the collective sideways bar, which corresponds to 2980+f again in today's case...
trade link
In short, why 2963+f was given preference over 2980+f, as entry level???
Hope, somebody answers to my query for a change this time...
Frankly, I haven't properly understood the reasoning behind going long at high of 11:30 bar ie 2963+filter...
What made you decide that break of 2963 would result in false breakdown, and a chance of bullish reversal... We had a good pivot high in form of 10:30bar high of 2980 in 30min chart too by that time...
Was it because 11:30 bar ended as an inverted hammer (as neeraj pointed out to me)???
Infact, Vineet was the first one in LVGandhi's live mini-flow thread to point out that we should go long above 2963+f..
But your quote, which he gave as a reason, was bit unconvincing to me..
Another member, Harsh, cited 20th November's chart as example, which even i agree matched with today's pattern correctly.
But he gave Saint Sir's views, according to which, long was at the high of the collective sideways bar, which corresponds to 2980+f again in today's case...
trade link
In short, why 2963+f was given preference over 2980+f, as entry level???
Hope, somebody answers to my query for a change this time...
We have always answered the genuine and sincere querries and yours are always of these types.So I dont remember your querry having gone unanswered. If it is,it is totally unintentional.
Let us come to the point of discussion. Rakesh has very clearly ellaborated the first move,second move and the trailing of moving space in his above post and I totally agree and have nothing to add to it. Do we take it as resolved ?
I am not relying on any candlestick pattern.But the 11:30 bar bounced back like a spring and negated 11:00 bar totally.The next bar continued the upthrust and triggered the long trade. Watch the limping nature of the downmove and its inability to crack our moving filter. And watch the upthrust.You will understand what I mean by breakdown failure.
20 th Nov example is out of context and totally irrelevant today.I have ( and sure you also must have ) traded both these days moves . That day was " Doing Nothing" kind of move,neither triggered a buy nor a sell.But observe that Saint has said that day that if your filter (space) triggered a buy,you are long.(his filter did not trigger a buy). But nowhere he has said "ignore the buy". This of course based on my understanding.
Sure the clear PH was closeby but it was still 18 points later than our enrty. And if it was 40 points away ? Do we watch helplessly mkt reversing strongly and not enter till the PH broken ? We are talking about the right concept here and reversing on 11:30 bar high was a correct point to reverse in my opinion.
Sunil,If you still dont agree,no issues,we can still debate it . A healthy discussion and debate is most welcome.
We respect you and consider you as senior member of our TJ traders group.
Best Wishes,Sunil....
You always trade well,Trade better
Smart_trade
Last edited:
- Status
Similar threads
-
What you feel is nifty going to open negatively positively or flat Monday morning
- Started by Rash123456789
- Replies: 2
-
-
Eros international. Why is share going down
- Started by sudhanshusingh
- Replies: 1
-
Why everybody is going for Amibroker, metatrader etc when scanner software are readily available?
- Started by newtrader101
- Replies: 1
-
What are basic things that everyone should know before going in Intraday trading??
- Started by ishan2i2008
- Replies: 33