Going with the Intraday Mini-Flow!!

[uthuman]

If it is a second move of the day then it is Adding/subtracting 7 and not 14 from high/low. Probably this is the reason for this confusion.


Smart_trade

If it only 7 for the second move, then the long would have triggered at 11.00 because the 10.30 high is 4118 + 7 = 4125 . (11.00 high is 4127)

 

[amitpethkar]

10 am high is 4110, Low 4090
10.30 AM hi = 4118 Low 4095
11.00 AM high 4127 Low 4104
11.30 AM High 4120 Low 4098
12 Noon hi 4118 Low 4083

For move 1 we use 14 point filter so 4118 + 14 = 4132 which did not trigger. SHORT will be move 2 here because move 1 is upward movement. Looks like first 30 min bar will decide when to use 14 and when to use 7.

Smart_Trade,

Pls. correct if I am wrong.

Thanks,
Amit

 

[Smart_trade]

If it only 7 for the second move, then the long would have triggered at 11.00 because the 10.30 high is 4118 + 7 = 4125 . (11.00 high is 4127)

No my friend .In this example,upmove is the first move so for any upwards breakout 14 only not 7 in any bar.7 only for downmove as it is the second move of the day.

Smart_trade

 

[Smart_trade]

For move 1 we use 14 point filter so 4120 + 14 = 4134 which did not trigger.

Smart_Trade,

Pls. correct if I am wrong.

Thanks,
Amit

Yep Amit,absolutely correct !!!

Smart_trade

 

[uthuman]

10 am high is 4110, Low 4090
10.30 AM hi = 4118 Low 4095
11.00 AM high 4127 Low 4104
11.30 AM High 4120 Low 4098
12 Noon hi 4118 Low 4083

For move 1 we use 14 point filter so 4118 + 14 = 4132 which did not trigger. SHORT will be move 2 here because move 1 is upward movement. Looks like first 30 min bar will decide when to use 14 and when to use 7.

Smart_Trade,

Pls. correct if I am wrong.

Thanks,
Amit

No my friend .In this example,upmove is the first move so for any upwards breakout 14 only not 7 in any bar.7 only for downmove as it is the second move of the day.

Smart_trade

Thank you Smart_Trade & Amit. Now I understand the 1st move and 2nd move.

 

[hmc111]

Hello All,
I don't see NIFTY allowed for intraday in ICICI Direct ? Is it that I have to buy Nifty Future of Oct. series and then apply Saint's rules.

Appreciate someone's quick reply on this.....

Thanks,
HMC

 

[lvgandhi]

Hello All,
I don't see NIFTY allowed for intraday in ICICI Direct ? Is it that I have to buy Nifty Future of Oct. series and then apply Saint's rules.

Appreciate someone's quick reply on this.....

Thanks,
HMC

Welcome to this forum.
You can't trade NIFTY. You can trade NIFTY futures only.
Further a piece of suggestion as I understand from your post that you are new to trading.
First go through the Saints other thread Teach a man to fish... Read something about trading before jumping into intraday trading.

 

[hmc111]

Thanks IVGandhi,
Yes, i am going through Saint's great thread since last 10-15 days. So in this futures we all talk about nifty futures of current series.

Once again thanks very much

HMC111

 

[uthuman]

Hello All,
I don't see NIFTY allowed for intraday in ICICI Direct ? Is it that I have to buy Nifty Future of Oct. series and then apply Saint's rules.

Appreciate someone's quick reply on this.....

Thanks,
HMC

In ICICI direct, shorting nifty future is allowed.

 

[trillian]

Hi friends GM,

Nifty fut 5 min

High --> 3998.7
Low --> 3970.4

Long above ---> 4012.7

Short below ---> 3956.4

Anyone Confirm?

Regards.