Going with the Intraday Mini-Flow!!

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Re: Intraday Miniflow Trades for Today: Saint's Method

Well done Kapil,

Another reason for reversing to long above 11:30 bar high was failure of PL breakdown. We had a PL at low of 10:30 bar which was cracked in 11:30 bar.We expected this breakdown to go through but the entire breakdown bar was negated by 12:00 bar and this PL failure was another reason to reverse to long at 11:30 bar high + small space in 12:30 bar.

This was a great early reversal,which we cought and it made our day.

Best Wishes,

Smart_trade
Excellent,ST...Great stuff!!

Saint
 
Re: Intraday Miniflow Trades for Today: Saint's Method



Today the 1st bar had a high of 3084 and low of 3065.
In the second bar (10.30 bar) the long was triggered for some depending on the first move filter (3084 + bigger filter).
The SAR was 3065 - smaller filter for those whose trade was triggered.
For those who had different filter no trade was triggered.
After that we had 3 down bars, nothing to be done. As this was move 2, we would be using smaller filter for getting into the trade now. People who were long stuck to the longs and for those who were yet to get into trade kept on waiting for the trade. This was second move for them, so kept on using the smaller filter for getting into the trade. After these 3 down bars, we had the third move. So for people still looking for trade, their trade was triggered above the 12 o'clock bar using the smaller filter.
Adds for the long trade were taken on break of the previous pivot high 3102.
Now we shifted the SAR to the low (3085)- smaller filter of 1pm bar as this is the breakout bar.
The 2 pm bar puts us into the short trade because of the breakout failure and we are short now.
Adds for the short on break of the PL of 3056.
Then in the end booked the profit at 3030-3040 area.

So, we had 2 trades in all today.
Another great lesson in a failed breakout situation.......these are juicy moments....moments we don't wait for pivot confirmations.....moments where those who are bullishly biased cannot believe their eyes as the breakout gets nullified.....too numb to act,hoping against hope,they hold hoping that price gets back to former highs.....Price instead breaks down ending the previous uptrend.And expectedly catches most on the wrong foot........Short that negation and enjoy the move.

Great going,Kapil.
 
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