Mistakes I made in the Flow Method

[TFL]

I worked out later in the evening and finalised the trades as below for 07 Nov 2008.
Seniors and my friends please put remarks if there is anything wrong...or missed.

Haribird.
(Will place this post to MinFlow thread soon.)

 

[orderflow13]

You entered here right?

Haribird.

yes hari, by moving filter rules entry triggered over your pointed arrow + room of 14
Also in second chart of urs circled area where u mentioned profit booking considering yest resistance zone much make sense. It will help if we also consider past day's pvts,resi/support zones, lot of times its working well. We trading as per 30 min tf not 5 mi tf , for sake of expanding our view lot bigger and allowing us in tune with flow past data should come in picture.IMHO

 

[orderflow13]

on above nifty future 30 tf chart, by rules of mini flow
will u go long on break out of bar 2 + room ? or bo of bar 1 ?

 

[kapil123]

on above nifty future 30 tf chart, by rules of mini flow
will u go long on break out of bar 2 + room ? or bo of bar 1 ?

In this case on break of bar 1(i.e. if Bar 1 is WRB)

 

[orderflow13]

In this case on break of bar 1(i.e. if Bar 1 is WRB)

saint sir recently mentioned close of the bar which is negating the prev wrb is important, here close of bar 2 is strong, so why not bo of second bar? either case we r making profits, but now as saint sir said going in next standard why not make profits more? , thing is doing this we shouldnt attach risk to it, now work in hand is how not to attach more risk when looking for more profits? ( defying , more risk = more profits principle ).Other comments also appreciated for healthy discussion .
Regards

 

[orderflow13]

its a continuation of post no.113

 

[kapil123]

Alex,

In this situation, yes it seems we got the entry late. But if you look at the process of formation of a pivot high, we would be take a long whenever market just tries to make a pivot high and then continues the journey downwards.

 

[TFL]

MOVING FILTER

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.

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.

Summarizing today's trade, don't know its true…please comment.

9:55AM
Looked at 5 min till 10:10
Move 1 so Moving filter is 14.
Bar1: 2687/2676 - LONG @ 2687+14=2701 or SHORT @ 2676-14=2662
Bar2: 2685/2672 - Not triggered any trades. Now LONG @ 2685+7=2692 or SHORT @ 2672-14=2658
After formation of Bar2 moving filter for long shifted to 7 and short still remains at 14 (If long is triggering that will be a move against the first bar and second bar flow so it’s Move2 and for Move2 moving filter is 7).
Bar3: 2678/2670 - Not triggered any trades. Shifting to 15/20 min from 10:10

15Min
Bar1: 2687/2676 - This time watched 5 min charts
Bar2: 2687/2670 - Now LONG @ 2687+14=2702 or SHORT @ 2670-14=2656
Moving SAR of 7 is not considering as the Bar1 and Bar 2 are with almost same HIGHS/open/close.
Bar3: 2683/2662 - Not triggered any trades. Now LONG @ 2683+7=2690 or SHORT @ 2662-14=2648
Again, after formation of Bar3 moving filter for long shifted to 7 and short still remains at 14 (If long is triggering that will be a move against the first bar and second bar flow so it’s Move2 and for Move2 moving filter is 7).
Bar4: 2666/2655 - Not triggered any trades. Now LONG @ 2666+7=2673 or SHORT @ 2662-14=2648
Bar5: 2659/2645 - Not triggered any trades. Shifting to 30 min from 11:00

30Min
Bar1: 2687/2676 - This time watched 5 min charts
Bar2: 2685/2662 - This time watched 15 min charts
Bar3: 2666/2645 - Now LONG @ 2666+7(if happened it'll be Move2 )=2673 or SHORT @ 2645-14=2631
Bar4: 2683/2647 - LONG triggered @ 2666+7=2673. Here I entered long with SAR as LOD-7 and booked profits around 2760 levels.

I don't know whether its as wrong or right…have confusions…
Requesting you to review and comment.

Thank you.
Hari.

 

[chiruvyapari]

A NASTY LONG???

Summarizing today's trade, don't know its trueplease comment.

9:55AM
Looked at 5 min till 10:10
Move 1 so Moving filter is 14.
Bar1: 2687/2676 - LONG @ 2687+14=2701 or SHORT @ 2676-14=2662
Bar2: 2685/2672 - Not triggered any trades. Now LONG @ 2685+7=2692 or SHORT @ 2672-14=2658
After formation of Bar2 moving filter for long shifted to 7 and short still remains at 14 (If long is triggering that will be a move against the first bar and second bar flow so its Move2 and for Move2 moving filter is 7).
Bar3: 2678/2670 - Not triggered any trades. Shifting to 15/20 min from 10:10

15Min
Bar1: 2687/2676 - This time watched 5 min charts
Bar2: 2687/2670 - Now LONG @ 2687+14=2702 or SHORT @ 2670-14=2656
Moving SAR of 7 is not considering as the Bar1 and Bar 2 are with almost same HIGHS/open/close.
Bar3: 2683/2662 - Not triggered any trades. Now LONG @ 2683+7=2690 or SHORT @ 2662-14=2648
Again, after formation of Bar3 moving filter for long shifted to 7 and short still remains at 14 (If long is triggering that will be a move against the first bar and second bar flow so its Move2 and for Move2 moving filter is 7).
Bar4: 2666/2655 - Not triggered any trades. Now LONG @ 2666+7=2673 or SHORT @ 2662-14=2648
Bar5: 2659/2645 - Not triggered any trades. Shifting to 30 min from 11:00

30Min
Bar1: 2687/2676 - This time watched 5 min charts
Bar2: 2685/2662 - This time watched 15 min charts
Bar3: 2666/2645 - Now LONG @ 2666+7(if happened it'll be Move2 )=2673 or SHORT @ 2645-14=2631
Bar4: 2683/2647 - LONG triggered @ 2666+7=2673. Here I entered long with SAR as LOD-7 and booked profits around 2760 levels.

I don't know whether its as wrong or righthave confusions
Requesting you to review and comment.

Thank you.
Hari.

Our 1st trade will at the high upto that time+filter (for longs) or low upto that time - filter. Another thing. please don't see 5 minute candles.


page 312. post 3115 by SAINT

.......
........

""MOVING FILTER:For the NF,put in a moving filter at Rs 14 on the 30min charts.......meaning that we want to trade the breakout on the 5 only if it shows strength enough for us to feel confident enough about that particular trade.Bar 1 high is 4312,Bar 2 high is 4320,Bar 3 high is 4330,Bar 4 high is 4337.........meaning we look on and not enter that trade.What we are looking for is a breakout bar,and not a sad excuse of a bar,with some tails.""

Once that first bar is formed,we are basically looking to buy Rs14 over the high of that bar.and short Rs14 below the low of that bar.Once the entry is triggerred,presuming a long has been triggerred,stop loss is Rs 7 below the low of that bar.But only on trigger.
....
another post

We are in essence trading the 5min bar at 10am,and then trading the 15min charts till 11 am,trading the 30min charts with help from the 60 and 15 till 3 pm,and then trading the 15min charts till 3:30pm.

So,till 11 am,if we get a pivot on the 15min charts,raise stops to that pivot.If there is no pivots on the 15min charts,wait for 30min charts to complete 4 bars at 11:30am.......The 2 bar method kicks in.After the 4th completed bar,every new bar high is enough to raise stops to 2 bars back.


so, our 1st trade will at the high upto that time+filter (for longs) or low upto that time - filter. Another thing. please don't see 5 minute candles.

here is another link.on 20th's trade.

Today(which has now become yesterday)'s trade:

BAR 1:The low at 2514.Short below 2514-MovFil

BAR 2:Low of 2505...No shorts as yet.Short below 2505-Mov Fil

BAR 3&4:Sideways

BAR 5:Low of 2495....Move 1 is still in progress,but Trade yet to trigger....Short below 2495-MovFil

BAR 6:High of the sideways move of 2550 gets taken out as price makes a high of 2558......this is Move 2.....If your filters are taken out,you are long here.Mine doesn't.

BAR 7:Sideways.High of 2561

BAR 8:High of 2568....Mov Fil keeps me out.

BAR 9:High of 2571,still no trade.......

BAR 10:High of 2548,still wait n watch.......those who were long are still holding.

BAR 11:High of 2575,still no trade.

As already mentioned in the morning,no more adhering to the 14....Making changes in the 7/5 as well.

So,the method stands the same way......The filter has changed and is up to the individual.

Saint

 

[TFL]

Chiruvyapari,

Couldn't understand what you tried to tell in the above post.

Hari.