Trading With The Flow!!!

Hi Everyone,

Will be trading the Bank Nifty using the Intraday MiniFlow Strategies already known to all and discussed under Methods.

All the Best!

Saint

Stops still at LOD -filter as of now.

Saint

Taking Profit 1 at 3738

Saint

Nearly time….exitting the other 2 at 3735.

Saint

great trade Saint,
Will join you by mid this week.
Filters will be around 18 and 9 I guess

MJ-

Yes MJ…..

Saint

Stop Loss so far same………the low of the first bar 3736-small filter.

Saint

Shorts triggerred……..

Saint

Profit third taken off at 3630

Saint

Out another third at 3635

Saint

ps:Done for the day in ambush shorts,and 2/3rds of miniflow shorts…………..still holding last third in this though till flow takes us out.

Stop loss last third at 3656+f (60min reversal bar+15min sideways consolidation high).

If triggerred,will reverse to longs.

Saint

3:20 pm:Done for the day……..exit last 1/3 at 3644

Saint

Intraday MiniFlow Trade triggerred.

Saint

All the best!
Saint

Ah…looks very simple when Saint explains it. Thanks Saint sir….

Regards,

Smart_trade

Thanks Saint for the above Banknifty miniflow trade treatment above.

Things are pretty clear as you have explained. But I would have tripped on bar 5. Would have looked to book profit on bar 6 seeing the doji bar 5. How to avoid this, please.

Is there any difference between bar 5 & 6 and bar 8 & 9, apart from the fact that probably the trade has matured for profit taking at bar 8 & 9.

Bee

Bee,

A big difference,my friend………………Bar 5 and Bar 6 are inside bars after a bearish candle.Hardly retracing,and therefore hardly threatening to us.Very easy decision there to hold.

Bar 8 meanwhile broke the lows and retraced back to its open price,an inability to break through that support area,and again and again next 2 bars…….??sign of strength…profits off.

Reversal came about on tf amalgamation as breakdown bar failure on 15 coupled with pivot break on the 30 and a doji on 60 got us to reverse to longs.

Bee,keep a lookout for the doji patterns………….some confirm bearishness.Some indicate a possible change in trend.The bars before them and the trends matter,all put together for an overall assessment.

All the best!
Saint

Self explanatory.

Saint

Great move in Bank Nifty…..Long above 4 sideways bars in the morning…added above 12:00 bar….Booked 1/3 profit in 14:00 bar….very profitable move…

Smart_trade

Posting today's Bank Nifty miniflow charts. Great day in Bank nifty miniflow…..

Best Wishes,

Smart_trade

Ah,made life easier for me,ST……Thanx!!

Saint

Yesterday,a 4 trade day like in NF …….. Nothing to really write home about.But will put up the charts along with today's later.

BANK NIFTY MINIFLOW:So far,no trades.

Saint

Nice expression/sarcasm "nothing to write home about"…

Gone long in 12:00 noon bar on 15 min PH break,30 min TF in agreement. Added above 12:00 high,SAR
as of now is 13:00 bar low -f ,booked part profit in 14:00 bar

Smart_trade

lol Amit…….Great stuff,ST.

Saint

Posting todays(30-03-09) Bank Nifty miniflow chart. Pretty straightforward day,short trade,add,book part profit and book the balance profit at places shown on the chart.

No threats to our position,no reversal…..bumper day…..A flow trader's dream day.

Best Wishes,

Smart_trade

Thanx ST…..Great going!!

Saint

A minute to go……..we have a WRB Breakdown here.

Saint

Keep an eye on the WRB Breakdown on the 60 and this bullish bar in progress on the 60.

Saint

Had accidentally dumped the reversals and the where in the 60min Flow Thread………:(

Basically,a huge WRB forms…..because of the pattern of mild gap up and fall,we have us a WRB Breakout.Once the bar is fully formed,put your stops and reverse at 4024+filter.

The next bullish candle takes it out and we reverse to longs at 4024+f

We add over the high of the bullish candle on the 60……and look to add once more over the high or over the 15min pivots.As far as tf amalgamation,all we have is a V-shaped move on the 30 and 15.

So,basically,Entry at 4024+f,ADD 1 AT 4041+f and looking to add if highs are taken out.Latest SAR at 12:30 lows.

Saint

The above for Apr 6th.

Saint

We have a bar -a bearish bar -followed by a bullish bar on the 30 thus far.

We have a Wide Range first bar….it's not our classical WRB because of the biggish tail at the top.But we have for our calculations,Open-Close,the body of the bar.

And in this case,although not exact,qualifies as a WRB………..followed by a Bullish bar that has closed over the 50% mark of the previous WRB Body.

Reversal time if high of Bullish bar taken out.

Saint

Have not updated this thread in some time……Apologies.

Yesterday's trade.

BAR 2 triggers an entry over the high of BAR 1.TILL BAR 6,higher highs and lows.BAR 7 takes out the high of BAR 6,latest 2 bar stop at bar 5.Triggerred,and short below the low of BAR 5.Profit taking at BAR 11 and at EOD.

Saint

Have been trading the Intraday Miniflow in BANK NF and Ambush as well……….will be updating it intraday from tomorrow.

Saint

So far trade not triggerred both directions……….waiting and watching.

Saint

Short triggered in Bank Nifty in 11:30 bar….also added below 11:30 bar's low….

ST

Yes ST,Thanx……..In initial posn+Add right now.

Saint

Easy day at the Office in this method today………..we shorted at that time,and added,and profit taking at these levels of 4965-4980.

Saint

Profit 1 off at 4960

Saint

Profit 2 at 4968

Saint

Profit 3 at 4911

Saint

For last 1/4 ,SAR still at 5011+f

Profit 4 AT 4924…….great day!!

boss gr8 work….

Thanx NR…….

Long over 1st bar high+MF and waiting…..so far in sideways consolidation mode.

Saint

So far,no trades on BANKNIFTY MINIFLOW………

Saint

Long trade triggered in Bank Nifty Fut

ST

Saint,

Posting Bank Nifty miniflow trades marked on the chart.

Todays trades were as under :
1) Long on 10:30 H + mov filter , added above 11:00 H +add filter

2) Reversed to short between 12:30 and 12:45 on a PL break in 15 min.12:30 candle on 30 was a white candle but 12:00 candle on 60 was a bearish candle and PL on 15 cracked…hence gone short on TFA of 15/60 min

3) Reversed to long above 3 sideways bar H (12:30 H ) +rev fil

Will you please examine these trades particularly trade no 2 and guide me whether the reversals could have been early ?…..were different trades warranted ?….was feeling total clueless in Bank NF miniflow today with 2 reversals( reversals too pretty late )…..

Regards,

Smart_trade

Hi ST,

1)Correct on long entry,but that add was a tad bit aggressive,best to wait for a pivot to form before adding.

2)No reversals to short……..moving filter bar by bar kept us out of that one……and moreover,yes,there is a 15min pivot break,no confirmation from any other tf.So,we wait for that SAR on 30 to trigger before reversing to short.

3)If by any chance,you had indeed gone short,then yes,correct on the reversal back to long.

Saint

Dear Saint,

Thank you for the clarifications.

TFL.

Saint,

You had asked me to remind you about a trade many of us did not understand .This was in Bank Nifty Miniflow on 5-5-2009. Yhe chart is posted below:

On this day we made following trades :

1) Long above 10:30 H +mov filter

2) Added over 11:00 H + add filter…..You said this add was tad aggressive,we should have waited for PH to form for add….. Agreed…

3) Market started coming down and 12:15 bar on 15 min made a PL. This PL was broken in 12:45 bae of 15 min or 1:00 bar in 30 min…..Now when this PL on 15 was broken,we had to take a decision whether to reverse to short or not and we looked at TFA….According to my understanding when the PL break happens,we have to see immediately earlier completed candles on 30 and 60 and atleast one should be in confirmation to reversal. So we looked at 12:30 candle on 30 and found that it was a white candle so not supporting reversal to short.

We now see immediately earlier completed candle on 60 min and that is 12:00 candle on 60 min for TFA….it was a big black candle so in agreement with reversal to short….another point which weighed in our mind was that the downmove had negated the entire bullish large candle at 11:00 and as 60 was agreeing in TFA,we had reversed below 15 min PL -small filter. I still remember the market tanking at PL break as if hell was breaking loose. The short trade was triggered.

3) This trade failed and mkt started going up…so we reversed to long above 3 bars of nearly equal highs and on 12:30 H + small filter we reversed to long….

We got thrown around because of reversal to short in trade 2, we are not clear how we could have avoided this reversal…shall we see all 15/30/60 TF agreeing instead of 2 we see agreeing presently ?
We need your guidence for trade 2…this type of situation will certainly come in future and we want to understand clearly to steer clear from this situation.

Please reply in little details whenever you get little free time…

Regards,

Smart_trade

can any1 plz post trades of 8th May for Bank Nifty Miniflow plz

It was a straightforward day for miniflow in BankNF.

Kapil

Thanx Kapil.. wat is the filter u use as mf for entry and SAR??
Is the mf same for adds too?

mansukh,

Better go with a filter above 14 for initial entry in BankNF.
Take a backtest of atleast 1month to get a suitable one.

TFL

Mansukh,best to keep a wide filter of abt 18 and a normal filter of about 10.This is my opinion,I am not sure what Saint Sir is using.But this has worked for me.

Admins/Mods,I will remove this post in a day's time.I know you all don't want filter discussion openly.

Thanx a lot for ur kind advise Jayraj. will back test and ceck.

Saint….our combined querry from TJ is getting run over and burried…..Posting again for ready reference…..

fold

Re: Bank Nifty Miniflow
Smart_trade 9 May 2009, 11:58 +05.500
Saint,

You had asked me to remind you about a trade many of us did not understand .This was in Bank Nifty Miniflow on 5-5-2009. Yhe chart is posted below:

On this day we made following trades :

1) Long above 10:30 H +mov filter

2) Added over 11:00 H + add filter…..You said this add was tad aggressive,we should have waited for PH to form for add….. Agreed…

3) Market started coming down and 12:15 bar on 15 min made a PL. This PL was broken in 12:45 bae of 15 min or 1:00 bar in 30 min…..Now when this PL on 15 was broken,we had to take a decision whether to reverse to short or not and we looked at TFA….According to my understanding when the PL break happens,we have to see immediately earlier completed candles on 30 and 60 and atleast one should be in confirmation to reversal. So we looked at 12:30 candle on 30 and found that it was a white candle so not supporting reversal to short.

We now see immediately earlier completed candle on 60 min and that is 12:00 candle on 60 min for TFA….it was a big black candle so in agreement with reversal to short….another point which weighed in our mind was that the downmove had negated the entire bullish large candle at 11:00 and as 60 was agreeing in TFA,we had reversed below 15 min PL -small filter. I still remember the market tanking at PL break as if hell was breaking loose. The short trade was triggered.

3) This trade failed and mkt started going up…so we reversed to long above 3 bars of nearly equal highs and on 12:30 H + small filter we reversed to long….

We got thrown around because of reversal to short in trade 2, we are not clear how we could have avoided this reversal…shall we see all 15/30/60 TF agreeing instead of 2 we see agreeing presently ?
We need your guidence for trade 2…this type of situation will certainly come in future and we want to understand clearly to steer clear from this situation.

Please reply in little details whenever you get little free time…

Regards,

Smart_trade

last edited on 9 May 2009, 12:03 +05.500 by Smart_trade + show more

regards,

Smart_trade

Short triggered in BNF too…

bringing SAR at 11.30 bar high