LIBRARY : Intraday Mini FLow

[veekay304]

Appreciates your initiative Haribird

VK

 

[pagalguy]

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?
Quote:
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.

Thanks a lot Hari for this detailed explanation.

I was trying to understand the strategy but was bit confused about the time frames and the 1st and 2nd moves..based on my understanding i have drawn the following diagram:
Pls correct me if i am wrong...

and i also have one more doubt regarding the third move i.e.

when 1st move fails to take high of 1st bar(5 min)+14
2nd move fails to take high of 2nd bar(15 min) -7
and 3rd move crosses high of 3rd bar (15 min)+filter
..what should be the filter here, 14 or 7?

Thanks

 

[veekay304]

In the above example,

Bar-1 H=4325 L=4275 (Entry long=H+14, Short=L-14)
Bar-2 H=4335 L=4295 (Entry long=H+14, Short=L-7)
Bar-3 H=4360 L=4322(Entry long=H+14, Short=L-7)
Bar-4 H=4355 L=4312 (Entry long=H+14, Short=L-7) Short Triggered here.

If Bar-4 H=4355 and L= 4316 short will not be triggered.
And if Bar-5=4365 and L=4325, a pivot High is formed in Bar-3.

Here what should be our entry filters for the next bar..? Is it H+7 or H+14

thanks
VK

 

[bijovyppil]

Thanks a lot Hari for this detailed explanation.

I was trying to understand the strategy but was bit confused about the time frames and the 1st and 2nd moves..based on my understanding i have drawn the following diagram:
Pls correct me if i am wrong...

and i also have one more doubt regarding the third move i.e.

when 1st move fails to take high of 1st bar(5 min)+14
2nd move fails to take high of 2nd bar(15 min) -7
and 3rd move crosses high of 3rd bar (15 min)+filter
..what should be the filter here, 14 or 7?

Thanks

Dear Pagal,

Pls go through the rules again...we are trading in 30m...
15m charts are used for pivot confirmation

bijo

 

[provat roy]

SIR,
iT IS VERY INTERESTING TO READ THE INTRA DAY MINI FLOW UP GUIDE, I AM INTENDING TO LRARN IT THOROUGHLY, PL. ADOPT ME A MEMBER OF YOUR COMMUNITY.
THANKING YOY,

PROVAT ROY,

 

[TFL]

SIR,
iT IS VERY INTERESTING TO READ THE INTRA DAY MINI FLOW UP GUIDE, I AM INTENDING TO LRARN IT THOROUGHLY, PL. ADOPT ME A MEMBER OF YOUR COMMUNITY.
THANKING YOY,

PROVAT ROY,

Welcome PROVAT ROY.

Best wishes,
TFL.

 

[anup]

Hello All.... why the thread is inactive.... Did this method fail??.... plz explain