Going with the Intraday Mini-Flow!!

[Smart_trade]

Saint Sir,
Please ans my this querry whenever you have time to look this post.no hurry.ADDS:There will only be one add to the initial posn.......if we get a momentum move,with big WRB's,then might be 2 adds max.Whether you add an equal no.of contracts or lesser is up to you,so long as you don't add more number of contracts than the initial posn.......Adds at Rs5.
1.please explain when we add .The WRB understood,but the momentum...please


2PROFITS:You could take out profits of about a third at the area equivalent to the risk of that trade......If stop loss was Rs 45 away,and you got a Rs45 move and would like a third off.Fine.Once again up to your personality type.

sir,for profit booking 1/3.when allready we changed initial s/l to trailing 1 or 2 times then which s/l we take.is it initial s/l?

Thanks & Regards
VJAY

Dear Vijay,

Momentum here means the market is moving strong and fast.Momentum will give us WRB,and we add above/below the high/low of WRB plus or minus the space or the break of PH/PL

Saint suggested booing profit on 1/3 position when the profit becomes equal to our initial stoploss .For balance 2/3 position,we have PH/PL or 2 bars rule to book profits .So it is the on trailed SL level.

Best Wishes,

Smart_trade

 

[vvvv]

LONG TRADES
1st , 5 min BAR is the BREAKOUT BAR.

WAIT FOR THE BREAKOUT BAR TO FORM.THEN SWITCH OVER TO 30 MINS CHART.

ENTRY = HIGH OF BREAKOUT BAR + 14

INITIAL STOP LOSS = LOW OF BREAKOUT BAR – 7

TRAIL STOPLOSS = HIGHER PIVOT LOW – 7

IF 4 CONSECUTIVE BARS WITH HIGHER HIGHS ,TRAILSTOP LOSS = LOW OF 2 BARS BACK – 7.CONTINUE THIS AS U GET MORE CONSECUTIVE BARS WITH HIGHER HIGHS.

INITIAL STOP LOSS FOR STOP & REVERSE FROM SHORT TO LONG = PREVIOUS PIVOT LOW – 7

ORDER OF PREFERENCE FOR IDENTIFYING STOP LOSS POINTS
1)PIVOT ON 30 MIN
2)PIVOT ON 15 MIN
3)LOW BELOW THE PREVIOUS 2 BARS

N.B. - 2 bar method trail stop is at 4355.Pivot formed on the 30,that is very evident on the 20,trail stop there is 4367.Trail stops using Pivots are much more important.Priority is with the Pivot Stop Loss.
Monitor the 30min/15min chart for formation of pivots

STOP AND REVERSE:All stops are reverse points.
We get a breakout,add the 14 to it.....and then trade breaks down,we are back to Rs7 for reversal entry,etc.This Rs14 is only for the trade that comes along with the first bar even if the first trade comes many bars later.


this is as per my understanding..hope its correct

 

[Smart_trade]

Hello vvvv,

Points mentioned by you are correct.Only add that we may take profit on 1/3 position if we get profit equal to our initial stoploss.For balance 2/3 position trail the stoploss as per system rules.

Best Wishes,

Smart_trade

 

[Satyen]

Hi Satya as promised...
Chart for the day!

Regards

Thanks Friend will go throught it

Thanks again


Regards
Satya

 

[vvvv]

Hello vvvv,

Points mentioned by you are correct.Only add that we may take profit on 1/3 position if we get profit equal to our initial stoploss.For balance 2/3 position trail the stoploss as per system rules.

Best Wishes,

Smart_trade

thnks for checking it out..waiting for saint to explain the addons & profit taking methods..mabe he will do it on sat or sunday..more modifications are needed

 

[milkyblack]

Thanks Friend will go throught it

Thanks again


Regards
Satya

You are welcome Friend!

Regards

 

[kapil123]

1st 5 min high 4108.20 and low is 4089. So, we can go long if 4123 is taken out in this 30 min bar or go short if 4075 is breached in this 30 min bar

 

[milkyblack]

Level to trigger long 4122
Level to trigger short 4075

Regards

ps:- might not be available for the entire day!

 

[ThE HaMmEr]

5 min bar

low- 4084 ( we go short below 4070 sl - 4115.8 )

high- 4108.80 ( we go long above 4122.8 sl - 4077 )

 

[lvgandhi]

1st 5 min high 4108.20 and low is 4089. So, we can go long if 4113 is taken out in this 30 min bar or go short if 4075 is breached in this 30 min bar

Long above 4123