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: Saint's Intraday Miniflow - live discussion
Hari,
The way we look at the graph depends on our current position. So as luck would have it, I was short on the lowest tick:
11:30 and 12 bar are practically sideways.
12:30 bar (break down bar) which got me into trade actually reversed on itself making a bottoming tail. To add to it the next bar (13:00) took out most of the break down bar. This in itself is a failed break down pattern. As a confirmation look at the 1 p.m bar on the 60. Doji with huge bottoming tail.
So I should buy above the 1 p.m. bar. The difference between the high of the 1 p.m. bar and the 12:30 bar is only 4 points. So for safety I exited short when the high of 1 p.m. was hit and entered long when the high of 12:30 was taken out.
Hope this clarifies my decision (right interpretation or wrong).
Regards
Hari,
The way we look at the graph depends on our current position. So as luck would have it, I was short on the lowest tick:
11:30 and 12 bar are practically sideways.
12:30 bar (break down bar) which got me into trade actually reversed on itself making a bottoming tail. To add to it the next bar (13:00) took out most of the break down bar. This in itself is a failed break down pattern. As a confirmation look at the 1 p.m bar on the 60. Doji with huge bottoming tail.
So I should buy above the 1 p.m. bar. The difference between the high of the 1 p.m. bar and the 12:30 bar is only 4 points. So for safety I exited short when the high of 1 p.m. was hit and entered long when the high of 12:30 was taken out.
Hope this clarifies my decision (right interpretation or wrong).
Regards
Re: Intraday Miniflow Trades for Today: Saint's Method
I think guys like me trading the Mini Nifty got caught in a bad short trade. Reason:11 bar was the lod as per my chart till the 12:30 bar. That makes it a pivot low and so the low of 11 - f resulted in a short trade at the low point of the 12:30 bar.
Anyways happy to see that you guys had an ok (if not great) day today.
I think guys like me trading the Mini Nifty got caught in a bad short trade. Reason:11 bar was the lod as per my chart till the 12:30 bar. That makes it a pivot low and so the low of 11 - f resulted in a short trade at the low point of the 12:30 bar.
Anyways happy to see that you guys had an ok (if not great) day today.
V
Re: Intraday Miniflow Trades for Today: Saint's Method
no arm,
we were the only fools to be caught & tht too bcos of our own mistake.my mistake is as under :
30 min chart minifty -
11 am bar low was a PL...short below tht - small filter.
tht wud make it short at 2871.
LOD was at 1230 at 2871.35.
i shud have triggered the trade at 2871...i triggered the trade at 2872..
so u see a mistake of 0.35 points costed me a loss of abt 33 points.
pls check the chart & try to review ur mistake...i felt like banging my head against the wall & i still feel the same.
I think guys like me trading the Mini Nifty got caught in a bad short trade. Reason:11 bar was the lod as per my chart till the 12:30 bar. That makes it a pivot low and so the low of 11 - f resulted in a short trade at the low point of the 12:30 bar.
Anyways happy to see that you guys had an ok (if not great) day today.
Anyways happy to see that you guys had an ok (if not great) day today.
we were the only fools to be caught & tht too bcos of our own mistake.my mistake is as under :
30 min chart minifty -
11 am bar low was a PL...short below tht - small filter.
tht wud make it short at 2871.
LOD was at 1230 at 2871.35.
i shud have triggered the trade at 2871...i triggered the trade at 2872..
so u see a mistake of 0.35 points costed me a loss of abt 33 points.
pls check the chart & try to review ur mistake...i felt like banging my head against the wall & i still feel the same.
Re: Intraday Miniflow Trades for Today: Saint's Method
sorry for delay ..for me 1.30 bar was pvt so i short on that pivot, so no qs. of 4 bar rule, also i dnt think the move was so vertical to force 4bar rule
tiz click on the white paper like icon on left corner of ami, then click on new default chart then new tab opens then type any symbol u will get the chart, u can click on window tab in ami and click tile horizontally u will see two scrips in at one go
sorry for delay ..for me 1.30 bar was pvt so i short on that pivot, so no qs. of 4 bar rule, also i dnt think the move was so vertical to force 4bar rule
tiz click on the white paper like icon on left corner of ami, then click on new default chart then new tab opens then type any symbol u will get the chart, u can click on window tab in ami and click tile horizontally u will see two scrips in at one go
- 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