Going with the Intraday Mini-Flow!!

long above 10:00 bar(hod) high+lf and short below11:00 bar(lod)low-lf in NF.

still long filter hemant bhai....dont we consider this as the 2nd move...

hem sir why not shorted below 5min low - lf????????????????

hemant bhai....a small doubt....how do u book some lot ...i mean u see the resistance line or the TL....but do use normal pivot calculator to bing out the res,sup or camarilla....or something else...

PROFIT BOOKING IN MINIFLOW METHOD


This is a day trading method but here we want to trade minimum and extract maximum from our trades. This method is against conventional day trading principal of large quantity and quick profits.

Here the time is limited ( till 3:30 and we have to close all our trades before 3:30) but in that limited time we try to make maximum out of the trades .

1) When you enter a trade you take certain initial risk. This is equal to ( difference between your entry price and initial stoploss) . As and when the market gives you profit = your initial risk,we suggest that you book 1/3 of your position.This will ensure some profits in your pocket in case the market suddenly and unexpectedly reverses.

2) Balance 2/3 position you have to milk to the maximum extent. We are not interested in scalping here so we dont book profit in haste. We give sufficient chance for the position to mature and grow in profits. But near 3:00 you should start thinking about booking profits and if you are having a strong up/down day,we can wait till 3:25 to book poofits. It is my observation that strong trend up days open near the low and close near the high of the day. Vice versa for strong down days.So no haste in booking profits.

But when you find market not moving strongly,small bars etc and market limping in the direction of your trade ( like it was doing in afternoon session today ) dont wait till the end. If you are long,book profit in a rally and keep a small position till the end as these markets are prone to sudden and violent reversal ( as it did today....you can sense it....the screen will tell you that)

In last 30 min even booking profits on 5 min bar low is broken if long etc can be implemented if market is not trending strongly.( This is a tweak everyone has to play as per his comfort level...) If you sense trouble,book profit,dont wait till the last moment. This is the delicate balance between booking profits in weak markets and dumping the profitable position in haste.

Best Wishes,

Smart_trade

hem sir why not shorted below 5min low - lf????????????????

mr Raj is this the rule of the master of miniflow or u learned this from ur experiance?????
one more value addition from ur side thanks

mr Raj is this the rule of the master of miniflow or u learned this from ur experiance?????
one more value addition from ur side thanks