Set-Ups disscused & practised @ Nifty Futures Trading Thread.

[orderflow13]

born.28.june@g m a i l dot kom
pdf will do . as copy pesting above afl givin syntax error
Thnks again

 

[vvvv]

frankly vvv, i have recently acquainted myself with this flow system, and fine-tuning some of my doubts...

if i find some guys like u, who are also interested in this 15 min "aggressive" flow method, especially some experienced seniors who have been practicing this flow method (60 min) since quite some time, then we can all do this together... i feel 15 min is the minimum time frame perspective for this flow method - so there won't be any confusions...
(if we drop to 5 mins, then it wont actually be a flow method - this 5 min is anyway a guide during our normal intraday trades)

for pure flow , 15 min will chop you out , i think. will be more stressful as more no of trades...even 30 min will be the same.
i thought u were referring to 15 min miniflow method.

 

[orderflow13]

Vikram
Thanks, got the file, will post chart here after understanding the concept

 

[Sunil]

for pure flow , 15 min will chop you out , i think. will be more stressful as more no of trades...even 30 min will be the same.
i thought u were referring to 15 min miniflow method.

i am referring to 15 min mini flow method only, vvv (to be squared off by end of the day)....
just like the new thread started by Saint sir - only diff is the TF

(15 min for positional trades - nah nah, never, as u rightly said)

 

[vvvv]

i am referring to 15 min mini flow method only, vvv (to be squared off by end of the day)....
just like the new thread started by Saint sir - only diff is the TF

(15 min for positional trades - nah nah, never, as u rightly said)

sure , why not..actually i still havent gone thru the original stuff..but be sure tht ill join u in ur thread.
there are also other breakout strategies ...have u tried them.

 

[vvvv]

sunil,
thnks for the explanation of 8th october trade...i hope its correct without any mistakes...i havent read it,just opied i into my file...will read it when i plan to start to trade it.

 

[Sunil]

sunil,
thnks for the explanation of 8th october trade...i hope its correct without any mistakes...i havent read it,just opied i into my file...will read it when i plan to start to trade it.

vvv, what a coincidence....
we were discussing about this yesterday, and today comes a wonderful learnig day with nearly all concepts shown live...

i have sent this post's link at the official thread of this intraday flow method.... any errors & ommissions will be reported

 

[orderflow13]

GOING WITH THE 30 MIN FLOW FOR INTRADAY TRADING

by Saint Sir...

THE OFFICIAL LINK / THREAD:
http://www.traderji.com/day-trading-stocks/24071-going-intraday-mini-flow-77.html#post224547

THE EXTRACT:







This is the 30 min chart of 8th October, where I found most of the concepts in action:

Let's take it step-by-step now:

Bar 1: High(H) = 3508, Low(L) = 3471; enter long at 3508+14=3522 or enter short at 3471-14=3457

Bar 2: H=3492, L=3425; shorts (let's take 2 lots for example) got triggered at 3457 with Stop And Reverse (SAR) at 3508 (high of bar 1) + 7 = 3515 Risk=58 points

Bar 3: H=3450, L=3416; Bar 2, being a WRB, triggers an add to short position at 3425-5=3420, so now 4 lots at average price of 3438.50 (3457 & 3420). SAR still at 3515; Risk=76.50 points

Bar 4: H=3419, L=3377; continue shorts with SAR still at 3515 as no visible pivot formed; Risk=76.50 points

Bar 5: H=3441, L=3352; AS IS VISIBLE IN CHART, IT TURNS OUT TO BE ACTION-PACKED BAR
the low of 3352 was formed first before the high.... NOW, HERE COMES TIME TO BOOK PART-PROFITS - our risk is 76.50 points... from our cost of 3438.50, 76.50 points = 3362.50, so we book half or one-third of our position. Since we have 4 lots, we book out 2 lots at 3362.50
ALSO, HERE COMES THE 4 BAR RULE... previous 4 bars were making Lower-low, lower-high pattern, this 5th bar also made a new low.... so now, our SAR is at high of 2 bars before ie the 3rd bar ie 3450+7=3457.... so, our trailing SAR has changed but our balance 2 lots shorts still continue Risk=18.50 points

Bar 6: H=3519, L=3423; our trailing SAR gets triggered... we exit balance 2 lots of shorts (purchased at average price of 3438.50) at 3457... ie loss of 18.50 points
AND
enter long with 1 lot at 3457, SAR for this long position is at low of 5th bar ie 3352-7=3345; Risk = 112 points (here money management comes into picture... since risk is 100+ points, we take 1 lot as example.... though this is as per comfort)

Bar 7: H=3498, L=3397; no change in position - we continue long at 3457 with SAR at 3345; Risk=112 points

Bar 8: H=3448, L=3389; still no change in position - we continue long at 3457 with SAR at 3345; Risk=112 points, BUT BAR 6 IS A PIVOT, SO IF OUR LONG POSITION IS INTACT DURING NEXT FEW BARS, ONE MAY ADD AT THE HIGH OF BAR 6 + FILTER ie 3519+5=3524, if money/risk management allows

Bar 9: H=3517, L=3427; BAR 8 HAS BECOME A PIVOT... we can now move our SAR to the low of Bar 8 - filter, ie 3389-7=3381; now risk = 76 points; our longs continue

Bar 10: H=3533, L=3482; Now our "add" level (as pre-decided) of 3524 has come... it's upto risk/money management to decide if we add to our long or not.... f we take this add, then our our average cost becomes 3490.50 (3457 & 3524), SAR is at 3381; Risk = 109.50 points; risk is still high, so we do not take this add....
Our 1 lot long at 3457 continues with SAR 3381, Risk=76 points

Bar 11: H=3515, L=3468; no change in position, long at 3457 with SAR 3381; risk=76 points

Bar 12: H=3536, L=3474 still no change in position, long at 3457 with SAR 3381; risk=76 points... BUT NOW MARKET CLOSING TIME IS NEARING.... THE NEXT BAR WOULD BE THE LAST ONE FOR THE DAY.... entry + risk = 3457+76=3533... one may book out here or wait for next bar keeping a trailing stop of below 3533-7=3526 ie 3525.50.... this is subjective, and can be done looking at market situation prevailing at that time... the trailing stop mentioned is also subjective... one has to realise that within next few minutes, the position has to be closed at best possible price....

Bar 13: H=3566, L=3526; seeing some halt/noise around 3540-50, we book out at 3545, still around 5-6 minutes let in trade... it could have been anywhere...

TRADE SUMMARY:
Shorted 4 lots at average price of 3438.50 (3457 & 3420), and exited them at average price of around 3410 (3363 & 3457); profit = 28.50 points in 4 lots (ie 114 points)

Longed 1 lot at 3457, and exited it at 3545; profit of 88 points in 1 lot

TOTAL 202 POINTS


One may trade with Mini nifty too, for personal risk management.
Aggressive intraday traders may experiment with 15 min charts too... (this is subjective and as per comfort)

Hi sunil very nice explanation with bar to bar along with chart, its easy to understand.Hope others will benifited.As a new starter in 30 min flow i fare good profit wise but concept wise i might not fare that much.Still few confusions.
I trade very pathetically today,thanks2 few personal things i hv to sq off , and concentration wasnt up to mark so miss 2 bar SAR , where we go long etc.. that 3381 SAR IS MAKING ME CONFUSE, as we just formed a 9 th bar so at that time i think we had a SAR of old 3345, after we made 10th , 11 th bar then we moved our SAR TO 3381
It will be gr8 if u explain more about 3381 SAR as Saint sir along with few told 3381 SAR , other guys out there following Saints method since 60 min flow , AS A NEW COMER IN 30 MINI FLOW FEW TIMES ITS GETTING HARD FOR ME TO CALCULATE AND PLACE ORDERS ALL IN 30 MIN
p.s. also saint sir moved his SAR on higher bars at the end ( its something elated to 2 bar method ) can u add some light ?
p.s. i am sure guys like me will benefited from ur noble effort

 

[Sunil]

Hi sunil very nice explanation with bar to bar along with chart, its easy to understand.Hope others will benifited.As a new starter in 30 min flow i fare good profit wise but concept wise i might not fare that much.Still few confusions.
I trade very pathetically today,thanks2 few personal things i hv to sq off , and concentration wasnt up to mark so miss 2 bar SAR , where we go long etc.. that 3381 SAR IS MAKING ME CONFUSE, as we just formed a 9 th bar so at that time i think we had a SAR of old 3345, after we made 10th , 11 th bar then we moved our SAR TO 3381
It will be gr8 if u explain more about 3381 SAR as Saint sir along with few told 3381 SAR , other guys out there following Saints method since 60 min flow , AS A NEW COMER IN 30 MINI FLOW FEW TIMES ITS GETTING HARD FOR ME TO CALCULATE AND PLACE ORDERS ALL IN 30 MIN
p.s. also saint sir moved his SAR on higher bars at the end ( its something elated to 2 bar method ) can u add some light ?
p.s. i am sure guys like me will benefited from ur noble effort

What i most impressive thing about Saint Sir's method is that we just have to visually go with the flow, and marking out the pivots, and trading them accordingly. I found some posts mentioning that the first 5 min high is so & so, but chart is saying something else.... BELIEVE ME, THIS WOULD BE THE CASE WITH ALL... I would go with Saint & say, rely on what the chart has to say... NOTHING ELSE... now, at end of day, can u tell me what was the recorded high at 10:00...??? no... u would have to rely on the chart... if the chart says 3508, then we stick to 3508, and not some other figure...

coming to your question, SAR 3381 gets confirmed ONLY WHEN THE 9TH BAR IS COMPLETED, & 10TH BAR IS "BORN"/STARTS FORMING....

what is a pivot:
taking an example of our three fingers for three chartical bars...
ring, middle, index... face it towards yourself (forming a W)... check out the middle finger... its HIGH is higher than the other two fingers' highs...
such a middle bar becomes a pivot, and is to be used for adding to longs, or as SAR for shorts

now, invert your hand, and the fingers should face you forming an M...
again, check out the middle finger... its LOW is lower than the other two fingers' lows...
such a middle bar becomes a pivot, and is to be used as adding to shorts, or as SAR for longs...

so, we wait till the third bar is completed to decide whether the previous bar is a pivot or not by comparing the 3 full formed bars....

also, in such flow method, don't start thinking about the meanings of the bars formed, eg. hammer, spinning top, etc.... and no place for any technical indicators, volumes, etc.... nothing at all.

By the way, when the 12th bar got completed (& 13th started), and if we assume that trading was till 5 pm, then you can see that the 11th bar has become a pivot/SAR for stops

 

[orderflow13]

humm .. but we had a discussion over there, saint hinted that for better feeling of the charts candles ( wrb also a candle pattern )and volume can give hint,so it pays to observe those things, though we not placing our trades depend on them, our Decision maker is pvt thats it.yesterday to answer some post, saint disregarded few hammer bars as they formed with low volumes. some times reason to shift on 15 min bar is same,