Trading With The Flow!!!

Opening this thread for discussion and questions about how we tackle WRBs within the Intraday Miniflow….

Please feel free to ask.

All the best!
Saint

sir, i observed after a bullish WRB there are small bearish candle formation and there is retest of the low of the wrb and market continue its uptrend, should we add the longs when market is retesting wrb low ?

Hi Alex,

As you already know,we basically add over pivot highs or above WRBs…….so,all that is done is to raise the stops to the low of that WRB and we wait.We reverse if it hits.

Saint

— moved to concept thread —

ohh k …actually i was referring to the thread where sir just posted ammended rules regarding move1,2 & wrb…just missed the thread we had on move1,2 Q & A
thankyou for putting my question to the related thread…

Saint Sir,

What if we are long and then get a candle (either continuation or breakout) that made new highs - Good move up, but it fell back before the candle was completed resulting in a huge topping tail. In such a situation do we move stops to the low of that bar or do we leave it where it was before.

Thanks.

same qs i about to ask, infact there must be other imp candles like WRB which hi or low r vital to judge direction of trade.What u explain was a grave stone doji but success ratio of break out break down of those doji's is not as impressive as of WRB, but still worth trying, looking forward for saint sir's views

Hi saint sir,
this qs about ur recent addition of 33 % negation of wrb..
first quoting the part which i didnt get "calculated by calculating the difference between the Open and Close of that bar(not high and low) and divided by 3-filter(put a wider filter than usual" and
"If that 33% is not hit,and it closes below the 50% mark of the previous WRB,raise stops to the low of that bearish candle- filter.If it hits,we reverse.Another scenario is that price moves huge,not triggerring the 33% mark,but goes below the 50% mark,note:we are waiting for its close………if that close is below the 50% mark,we do as above.If it isn't,we wait with our stops at the 33% mark."
if we have a wrb with open and close difference = 30 points, so 33 % wd be 10 points, same way 50 % wd be 30/2= 15 points. then wt u mean by 'price not triggering 33% mark, but goes below the 50% mark' ? i think i misunderstood sumthing, by my logic 33% trigger first then comes 50 %

Hi saint sir,
this qs about ur recent addition of 33 % negation of wrb..
first quoting the part which i didnt get "calculated by calculating the difference between the Open and Close of that bar(not high and low) and divided by 3-filter(put a wider filter than usual" and
"If that 33% is not hit,and it closes below the 50% mark of the previous WRB,raise stops to the low of that bearish candle- filter.If it hits,we reverse.Another scenario is that price moves huge,not triggerring the 33% mark,but goes below the 50% mark,note:we are waiting for its close………if that close is below the 50% mark,we do as above.If it isn't,we wait with our stops at the 33% mark."
if we have a wrb with open and close difference = 30 points, so 33 % wd be 10 points, same way 50 % wd be 30/2= 15 points. then wt u mean by 'price not triggering 33% mark, but goes below the 50% mark' ? i think i misunderstood sumthing, by my logic 33% trigger first then comes 50 %

Alex,let us say that we have this massive WRB………………calculate from the bottom of the bar.33% mark,50% mark,that's all we need for now.Raise stops to the 33% mark when you get the massive WRB.From here a few scenarios can happen in the next bar.

a.Next bar is bullish and goes on to print new highs………great.
b.Next bar is bearish and pulls back 67% from the top and hits our stops at the 33% mark……….we reverse and go short.
c.Next bar is bearish and pulls back >50% and <67% and therefore our stops still sitting at the 33% mark are not hit……..we want to see how this bearish bar closes.
i)if it closes lower than the 50% mark,raise stops to the low of the bearish candle and reverse if triggerred.
ii)if it closes higher than the 50% mark,we keep our stops at the 33% mark as always.
d.Next bar is bearish and does not pull back to the 50% mark,we do nothing.We wait with our stops still at the 33% mark and reverse if triggerred.

Hope this is clear now……………:)

All the best!
Saint

Saint Sir,

What if we are long and then get a candle (either continuation or breakout) that made new highs - Good move up, but it fell back before the candle was completed resulting in a huge topping tail. In such a situation do we move stops to the low of that bar or do we leave it where it was before.

Thanks.

Flock,then it no more falls under the category of WRB………..Again,the tackling is different.Is that a WRB Breakout?And failure?If so,bring your stops to the low of the wide range topping tail.If it's a continuation WRB that fell flat and closed as a Topping Tail,then the answer would be,it depends on the other factors like TF Amalgamation etc.

Saint

got it sir, when we have massive wrb then we take led back approach and let market decide whether this wrb is a real kicker or not and try not to go against this wrb as much as possible until above rules suggest so.

Thanks Sir.
Thanks Alex. Good to share the same forum with u once again.

Yes Alex…….great going.

Saint

Saint Sir

This one is my 1st post on this site and thank you for developing this site and thread so we can solve our query directly from Master .

I am trading your intraday miniflow in BankNifty .Today in BankNifty 10:30 PM bar is big WRB bar . According to your discussion can we move our SAR to 33% of Open to Close distance in this case . But next bar 11:00 AM is not come up to 50% area we need to keep our stoploss to 33% of WRB .
Is my understanding is right in this case ?

Thanks and Regards
Kinkhab

Hi Kinkhab,

A warm welcome………

We have a WRB Breakdown,very visually obvious one………..move stops to the 33% mark from the open.Which is (4088-3950)/3=4042.

Then,after another down,bar,we have a huge WRB on the 60min charts as well……work it the same way,you get 4024………it is hit on the next bullish candle on the 60.Reverse to longs at 4024,and adds as always.

Looking fwd to some great posts from you.

Saint

Thanks Saint Sir

Clear about WRB

Regards
Kinkhab

Dear Saint sir

Will we need to add Fillter to this 33%/50% of WRB. Or we use actual values

John

Hi john, the way I would do it, is to use filter.

Thank you MJ, Hope it will be sf

John V

dear john

its sf ( wider than usual )

bijo

From Bank Nifty example above it is clear that 33% of (Diff between open and close) to be subtracted (in case of bearish monster WRB) /added ( in case of bullish monster WRB) to open and not High/low of WRB

Smart_trade

Yes John……Bijo's already answered it for me.

Thanks,
Saint

Yes,ST…….Thanks.

Saint

Hello saint sir,
let us say that we have this massive WRB………………calculate from the bottom of the bar.33% mark,50% mark,that's all we need for now.Raise stops to the 33% mark when you get the massive WRB.you have given the answer in the above post,great sir but i have a question sir, we see wrb's in all the time frams 5min to 60 mins ,the above said rule is applied in all the time frames or to a perticular time frame.thanks

Punu,

You have seen the WRB treatment of miniflow which is on 30 min TF. WRB treatment for 60 min flow is somewhat different. Please go thru Saints section/Demystifying the flow wherein two threads are there which give WRB treatment for both 60 min and miniflow. Please read them carefully and you will get all your answers.

Bee

I I SIR