LIBRARY : Intraday Mini FLow

[debdeeps]

Intraday Mini-Flow Startup Guide
All Posts Under Construction...​

BAR 1--High of 4325,Low of 4275..........we want the next bar to break past 4325+14=4339.Or go down below 4275-14=4261

BAR 2---High of 4335,Low of 4295.........we are still not in. We want the next bar to break past 4335+14=4349.

BAR 3----High of 4346,Low of 4322....still not in. We want the next bar to break out of 4346+14=4360.Or the low of 4322-7=4315 to get taken out.

BAR 4----High of 4355,Low of 4312......we are now in short.

The Rs14 moving filter is to extract a "Either we are getting that big move, or we are not interested" out of that opening bar.

Also, if you noticed that the short is at Rs7 ..........because it is Move no 2 of the day. We got out of trading Move no 1,from Move no 2 onwards, it is Reversals at Rs7 and adds at Rs5.

Only that first move do we put in that Rs14 and move it bar by bar daring it to take that price out...........rest of the day, no moving around the values.

Hari.

Hi Hari,
Just noticed this link, really a good initiative. But I have one doubt regarding the entry in 2nd move. In the initial post (also quoted above) you mentioned that we are taking short position after breaking the low of bar3 + 7 points filter. In this case as per your post we are not waiting for the breaking of day's low + filter 7. I am bit confused in this case, aren't we supposed to wait till the breaking of day's low + 7 points filter?

 

[debdeeps]

What is the full form of WRB ??

WRB=Wide Range Bar. This range is not actually predefined but a bar which is relative very larger than the other preceded bars.

 

[rkkarnani]

Seniors and my Friends,

I am requesting you to please check the accuracy of this and report me of the errors of the below.

First Move, Second Move?

We are looking to enter trade by considering +/-14 as filter to the high/low of the first bar.
Suppose,
(a)The 2nd bar made a higher high with respect to the 1st bar but failed to break the +14 filter. So we are not entering long.
(b)The 3rd bar now made a lower low with respect to the 2nd bar.
Now, we got 2 moves or a possible direction change. Here (a) is the first move and (b) is the second move.
For this second move we will be consider 7 as filter instead of 14.

Thank you.
Hari.

(I am yet to start trading the mini flow, so my post might be erroneous and may display the lack basic understanding).

Hari , there are more scenarios : In move 2 : the low made by the 3rd Bar does not take out the 7 point filter, so we wait for the next bar to take out the filter of Bar3 by 7 points.
The bar4 instead of breaking the low moves up and takes out the high of bar3. Now my question is though this move is in the direction of the first move, but the move comes after the second move only. Do we use 7 points filter to go long?


Imaginary scenario 1 :
Bar 1 = Lo 2880 Hi 2890
Bar 2 = Lo 2888 Hi 2901 (Move 1)
Bar 3 = Lo 2884 Hi 2898 (Move 2)
Bar 4 = Lo 2882 Hi 2908
At what level is the first trade triggered if at all.


Imaginary scenario 2 :
Bar 1 = Lo 2880 Hi 2890
Bar 2 = Lo 2888 Hi 2901 (Move 1)
Bar 3 = Lo 2884 Hi 2898 (Move 2)

In this scenario at what level would we go long and at what level we go short.

Maybe too basic a query, but people trading it already please take the trouble of replying.

 

[TFL]

Hi Hari,

Thank you so much for this thread, it is very very useful.

I have found a good post (link below) which I feel, is relevant to your post here, hence posting the link:

http://www.traderji.com/day-trading-stocks/24071-going-intraday-mini-flow-83.html#post224768

Regards
Mowgli

Mowgli,

Thank you for your contribution but it was already been factored in the first post. Will look for more puts from you, as the library thread is all of us.

Thank you,
Hari.

 

[TFL]

What is the full form of WRB ??

Please take a re-look at the 9th post of this thread. Updated more.
WRB = Wide Range Bar.

Hari.

 

[HHPPREMM]

Dear Hari Sir a million thanks to yours and Saint Sirs continous efforts to make this forum very informative and extremely useful for begineers like me.Keep up the excellent work and wish you all best of luck.May GOD bless you all .hhppremm

 

[Sunil]

Hi Hari,
Just noticed this link, really a good initiative. But I have one doubt regarding the entry in 2nd move. In the initial post (also quoted above) you mentioned that we are taking short position after breaking the low of bar3 + 7 points filter. In this case as per your post we are not waiting for the breaking of day's low + filter 7. I am bit confused in this case, aren't we supposed to wait till the breaking of day's low + 7 points filter?

Debs....
what Hari has quoted are actual words of Saint sir....
he has quoted an extract from explanatory posts....

First Move, Second Move?

:
We are looking to enter trade by considering +/-14 as filter to the high/low of the first bar.
Suppose,
(a)The 2nd bar made a higher high with respect to the 1st bar but failed to break the +14 filter. So we are not entering long.
(b)The 3rd bar now made a lower low with respect to the 2nd bar.
Now, we got 2 moves or a possible direction change. Here (a) is the first move and (b) is the second move.
For this second move we will be consider 7 as filter instead of 14.

I agree with this, hari....
i think this is what ST meant too in today's EOD post...

i would just add that the filter/room for first move would remain at 14...
and for second move, as you rightly said, it's 7

confirm with ST too...

The filter we use is 14 and is a moving filter.This means that after we have our first 5 min bar,we have levels of High +14 to go long, and Low -14 to go short.we at this stage donot know which side the market is going to breakout.And these levels are valid for next 30 min ie upto 10:30 bar.

Suppose the market breaks the high of first 5 min bar in a bar 10 -10:30 bar but does not trigger long by going above 5 min bar high +14,then no long entry. For 11:00 bar of 30 min our buy level will be high of 10:30 bar +14 ....and so on till the entry is triggered. In 11:00 bar on 30 min ,the level to go short will be low of 10:30 bar less 7 (assuming 10:30 bar has made higher low than 10:00 bar on 5 min because if the short is triggered,this is the second move,as first was upmove,hence filter of 7 ).This is the concept of moving pivot.

We use 14 only for first move of the day. For all subsequent moves,our filter is 7 .

We are trading 30 min bars. 15 min bars to be used only if pivot is not clear on 30 and also 15 pivot should have confirmation from 30 or 60 min bars,atleast one of them. 15 min pivots by itself are no SAR points when we have opposite bias on 60 and 30 and not confirming. We got to be very careful and patient in reversing.


Smart_trade

 

[Sunil]

Imaginary scenario 1 :
Bar 1 = Lo 2880 Hi 2890
Bar 2 = Lo 2888 Hi 2901 (Move 1)
Bar 3 = Lo 2884 Hi 2898 (Move 2)
Bar 4 = Lo 2882 Hi 2908
At what level is the first trade triggered if at all.


Imaginary scenario 2 :
Bar 1 = Lo 2880 Hi 2890
Bar 2 = Lo 2888 Hi 2901 (Move 1)
Bar 3 = Lo 2884 Hi 2898 (Move 2)

In this scenario at what level would we go long and at what level we go short.

In situation 1:
at end of bar 3: Long at 2901+14, short at 2884-7
at end of Bar 4: Long at 2908+14, short at 2882-7

(situation 2 is part of situation 1... answered above)

 

[debdeeps]

In situation 1:
at end of bar 3: Long at 2901+14, short at 2884-7
at end of Bar 4: Long at 2908+14, short at 2882-7

(situation 2 is part of situation 1... answered above)

Hi Sunil,
Thank you very much for your explanation to this query. This was also my query as well which correctly/ rightly famed by RK Sir. Now it is clear as day light. Thank you once again.

 

[rkkarnani]

Quote:
Originally Posted by rkkarnani

Imaginary scenario 1 :
Bar 1 = Lo 2880 Hi 2890
Bar 2 = Lo 2888 Hi 2901 (Move 1)
Bar 3 = Lo 2884 Hi 2898 (Move 2)
Bar 4 = Lo 2882 Hi 2908
At what level is the first trade triggered if at all.


Imaginary scenario 2 :
Bar 1 = Lo 2880 Hi 2890
Bar 2 = Lo 2888 Hi 2901 (Move 1)
Bar 3 = Lo 2884 Hi 2898 (Move 2)

In this scenario at what level would we go long and at what level we go short.

In situation 1:
at end of bar 3: Long at 2901+14, short at 2884-7
at end of Bar 4: Long at 2908+14, short at 2882-7

(situation 2 is part of situation 1... answered above)

Sunil, xcuse me for persisting with the query :
In Situation1 , it is clear now that though the move is move no.3 (after move 2) of the price movement but it is in the direction of move 1, we maintain the filter at 14. I was of the opinion that the filter would change to 7 after move2 in whichever direction the next move is. Thanks for clarifying.

Other thing was, to go long we are adding the room to high of Bar 2 and not the high of 3 or bar 4, is it something to do with HOD? or High of the first move?

But in "Short" trade we are taking low of the previous completed bar and not LOD?

As I had in mind that after 2nd move all filters are 7 points in which ever direction , I thought that in situation1 we would already be long at bar 4 (Bar3 high +7) hence added situation2 to clarify on Short trade.

Do answer per your convenience.

Thanks.