Going with the Intraday Mini-Flow!!

[rishig38]

back...
had a severe net connection problem today...

the trades as per my understanding:

1. Long at 2750+7 = 2757 with SAR 2713-7
Breakout happened with WRBs in both 15 & 30 followed by 2 resting bars in 15min & 1 resting bar in 30min
personally came out of longs on break of the low of the 2nd resting bar in 15min ie 2738-7
(LAST NIGHT, I HAD JUST POSTED A SIMILIAR TRADE'S (REVERSAL FAILURE) VERY GOOD EXAMPLE BY ST IN OUR LIBRARY THREAD, maintained by hari)

2. went short at break of the resting bar in 30 min ie 2718-7 = 2711
SAR = 2775+7

some profit booking was obviously done near known support region of 2670 (as had mentioned in Asish da's thread before mkt open)

SAR was also shifted to 2759+7, as per 4 bar rule in 30 & also going with the high of WRB in 60...

this has not broken yet...

new SAR/STOP NOW is 2755+7 (PH in both 15/30 + WRB high in 60)

Again Short at 2668. People who took all trades, well done. Don't let days like this deter you, days of massive gains will also come.

Regards,
MJ-

Sunil/MJ, I think there is a disconnect here somwhere...aren't we in our 4th trade of the day so far?

 

[Revati]

stop for short trade at 2705

 

[musicjunkie]

Yes 4th trade

 

[SONIKAGA1]

Rakesh Jhunjhunwala

See what Rakesh Jhunjhunwala (India's Waren Buffett) is doing at http://rakesh-jhunjhunwala.blogspot.com and also learn some valuable tips from Warren Buffett at http://i-am-warrenbuffet.blogspot.com

 

[Sunil]

Sunil/MJ, I think there is a disconnect here somwhere...aren't we in our 4th trade of the day so far?

4th trade!!!!
why???
was that PH in 15min a reason to go long???
i dont think so...

i'll have to go thru prev posts

 

[Saint]

Sunil/MJ, I think there is a disconnect here somwhere...aren't we in our 4th trade of the day so far?

4th trade??

Took profits off the 2nd trade and waiting for a third trade if any.

Saint

 

[Revati]

only 2 trades till now

 

[CoolCool]

Hi, any of you pls clarify how you manage with intraday trades and 60 min flow trades under single account. When checked with Indiabulls i was told that cannot have 2 trading accounts in one name. Pls reply after market hours- not urgent!. Thks

 

[lvgandhi]

Today's first trade was long at 2760 With SAR 2706
Second trade was Short from 2706. With SAR initial 2782, then 2766 finally2715 as 12:45 bar in 15 TF had PH and 30 min chart was having reversal bar ie bottom tail bar at 12:30 and 60 TF had green bar.
Thus third trade was taken long at 2715 initially SAR 2659 and then 2668.
Finally fourth trade Short at 2668.
I don't say these are correct. But these are as per my perception.

 

[Sunil]

Hi, any of you pls clarify how you manage with intraday trades and 60 min flow trades under single account. When checked with Indiabulls i was told that cannot have 2 trading accounts in one name. Pls reply after market hours- not urgent!. Thks

either opt for a new broker for the second account
or
open a new account with the current broker, but the account should be a joint account with your relative & your name as 1st holder...

better still, (which i do, if u wanna have one account & one broker), use various nifty instruments:
Nifty Fut - 1M
Nifty Fut - 2M
Mini Nifty - 1M

(1M = current month series, 2M = next month series)