KISS like McGrath

[Ajax]

Good day for us the KISSERS.. 5m Pivot Trend Trade :thumb:

 

[MurAtt]

Good day for us the KISSERS.. 5m Pivot Trend Trade :thumb:

U make it look so Simple to trade ....

 

[Ajax]

U make it look so Simple to trade ....

Yes sir. no rocket science here. Just hold your nerve

 

[MurAtt]

Yes sir. no rocket science here. Just hold your nerve

I traded on the NF - 7 trades. The income generated was adjusted against brokerage.

On three of the occasions SL got it. I keep 10 pts SL, sometimes depending on the mkt 15-20 pts too. Sometimes I get out too quickly and miss out on the major rally.

My entries are good, which I've seen but the exit point is where I'm facing a major problem - like getting out too quickly or holding on wherein I should've gotten out.

Hope to learn from this system. Do keep posting daily and then I can compare and learn.

Thanks once again.

 

[beethoven]

Ajax,

Great work. Each chart is a masterpiece:thumb:. One question - first trade after 5 min bar -- do you have any filter to ward off false starts?

Thanks a lot

Bee

 

[Ajax]

Ajax,

Great work. Each chart is a masterpiece:thumb:. One question - first trade after 5 min bar -- do you have any filter to ward off false starts?

Thanks a lot

Bee

Dear Bee

Yeh, Its a small problem area. If we wait for 10/15 min still can get whipsawed. But there are days when run from 5m is fast & first pivot is formed too far away.
Today we would have missed the short trade, if we waited

May be your first 5m trade be with a small quantity and 'add' later
But its entirely to your comfort level. You can wait for a pivot to form
and use 5m Hi/ Lo as 'first' point to draw the trend line

Filters will complicate the matter. Frankly I dont know what would be appropriate. Mini flow uses 7/14. I would not like to miss these too. Cursory glans today in Miniflow- they are thinking of 27 point filter. Thats a big amount to give away.

Idea is to get in early with a smallest possible SL & ride the trend

I will post the simplified rules here too, if you havent read them already. :thumb:

 

[myvineet]

Dear Bee

Yeh, Its a small problem area. If we wait for 10/15 min still can get whipsawed. But there are days when run from 5m is fast & first pivot is formed too far away.
Today we would have missed the short trade, if we waited

May be your first 5m trade be with a small quantity and 'add' later
But its entirely to your comfort level. You can wait for a pivot to form
and use 5m Hi/ Lo as 'first' point to draw the trend line

Filters will complicate the matter. Frankly I dont know what would be appropriate. Mini flow uses 7/14. I would not like to miss these too. Cursory glans today in Miniflow- they are thinking of 27 point filter. Thats a big amount to give away.

Idea is to get in early with a smallest possible SL & ride the trend

I will post the simplified rules here too, if you havent read them already. :thumb:

no ajax, not 27 points filter...

filter as usual but saint is just saying that if anyone using big filter he may not entered in any trade today..

http://www.traderji.com/day-trading/25239-saints-intraday-miniflow-live-discussion-866.html

plz have a cursory glance again..

thanx

vineet

 

[beethoven]

Thanks Ajax,

I get the drift. Taking trades at hi and lo of first 5 min bar is ok with me. Just testing what you had in mind. Do put up the rules which will make things clearer but for me things are pretty clear and rest as we go along we will learn.

Do continue to put up these amazing charts. Cheers:thumb:

Bee

 

[Ajax]

STRAIGHTFRWARD.

but :attention: please

About 5m bar - By taking trades here, are u jumping the :gun:

-- see chart and decide your comfort level.
U r ur own :judge:

:cowboy: :hairycool: :ciao:

PS: Adds would bring in more profits

 

[Ajax]

no ajax, not 27 points filter...

filter as usual but saint is just saying that if anyone using big filter he may not entered in any trade today..

http://www.traderji.com/day-trading/25239-saints-intraday-miniflow-live-discussion-866.html

plz have a cursory glance again..

thanx

vineet

Thanx vineet for clarification.
Written word is pain for me. Pictures are much better
:thumb: