Re: Saint's Intraday Miniflow - live discussion
Manoj,
I think miniflow has been designed to do the following:
1) Catch those big days: This is why in the original method we only add and never take out. Besides, it is a little inefficient to book profit in one minute and make an add in next! <The clause for 1:1 is for the ones who are feeling the butterflies, which is expected initially>
2) To defend against sideways and reversal days: This is why we have larger stops and not tiny ones from smaller timeframes of 5 or 15 mins. Plus we have some powerful tools like MM (PS), TFA, 2 bar rule, WRB and Pivot Trailing stops. These keep the damage well under control.
Profit booking would mar our first objective.
However, if one has a solid way of deriving levels then he could use it to ambush, which requires more calibre as a trader.
For example: When prices bounce off a support one could buy at a 5 min pivot high break, and make one add... and exit all at the next resistance.
Manoj,
I think miniflow has been designed to do the following:
1) Catch those big days: This is why in the original method we only add and never take out. Besides, it is a little inefficient to book profit in one minute and make an add in next! <The clause for 1:1 is for the ones who are feeling the butterflies, which is expected initially>
2) To defend against sideways and reversal days: This is why we have larger stops and not tiny ones from smaller timeframes of 5 or 15 mins. Plus we have some powerful tools like MM (PS), TFA, 2 bar rule, WRB and Pivot Trailing stops. These keep the damage well under control.
Profit booking would mar our first objective.
However, if one has a solid way of deriving levels then he could use it to ambush, which requires more calibre as a trader.
For example: When prices bounce off a support one could buy at a 5 min pivot high break, and make one add... and exit all at the next resistance.
