Mistakes I made in the Flow Method

[segul]

Hi All,

I will try to present some ideas regarding Market Profile and its use in the intraday miniflow and 60 min flow as and when I can in the coming days.

Intro to Market Profile.(who ever knows the basics of MP need not read this).
1.First of all some very basic introduction about market profile.A small 8 paged pdf.
http://www.4 shared.com/file/69861945/c275d48d/Market_Profile_Basics.html?dirPwdVerified=3095cef0

2.This is an interesting concept called the 80% rule happens every now and then and its accuracy is quite good.This happened today!This again a very small pdf with 5 pgs
http://www.4s hared.com/file/69862151/c0a5df83/80PercentRuleForValueArea_web.html?dirPwdVerified=3095cef0

3.If we keep the info in this file in our mind it will be useful in certain situations for decision making on our trades.Again a 2 pg file.
http://www.4 shared.com/file/69862343/34345b80/Market_Profile_Trading_Methods.html?dirPwdVerified=3095cef0

4. the below site is a very good place to start for knowing about MP all terms about MP explained visually.By going through all the terms there u will get to know "what stands for what" kind of questions.
http://www.trading-naked.com/MarketProfile.htm

5.This link is to get a feel of how MP works on realtime charts.Consists of some real time charts of American market with MP overlay.
http://www.trading-naked.com/MarketProfileCharts.htm

Thats it,if one knows that much we can start off with the discussion.

PS:For die hard followers of flow method(i am one too) this will not be a distraction,rather a helping tool in decision making.If one do not find it useful they can just tell me to stop it.

Regards.

 

[segul]

A bit confused what are we talking about...

Would like to know from alex and others if this thread needs to be only for Flow Methods or "anything goes as long as its about trading" kind ...

No offence plz ...

Thanks

Hi NC,

Nothing like that,I had asked if could post something related to MP which could be used in flow method here, so all these talk thats all

Regards.

 

[pakatil]

Dear Sunil,

Yesterday 4th, break of 11 AM Bar high (60 Min Charts) - 3045 + 7 = 3052 at 11.20 AM, was enough to reverse to Longs. Today 1 PM Bar high (60 Min Charts) - 3111 + 7 = 3118 at 1.20 PM is not enough to reverse to Longs. Whereas we are looking at 12 PM Bar High 3146 + 7 = 3153 to be taken off.

Going above my dumb head.

May be I am wrong.

Cheers

 

[segul]

Alex,

Is it OK if i jump in here and there for a week or 2 and post some ideas or charts here. Just did not want to start a new thread because some people barge in from nowhere to create a bad environment defeating the reason for starting the thread.So wanted it not to come into too much notice. If it is OK I will continue.

Regards.

 

[segul]

Deja vu of 3/11/08

Posting chart of 5/11/08 with similar situation:

So, even till the end of Bar 15 in 15min chart, the SAR remains fixed at high+room of Bar6(15min) / Bar4(30min) / Bar 3(60min)
ie 3145.5+7

Really nice follow up of trades from U. Thanx Sunil.

 

[no1lives4ever]

Deja vu of 3/11/08

Posting chart of 5/11/08 with similar situation:

So, even till the end of Bar 15 in 15min chart, the SAR remains fixed at high+room of Bar6(15min) / Bar4(30min) / Bar 3(60min)
ie 3145.5+7

Sunil,

Thanks for these charts.. Helps people like myself understand the reversal funda more clearly.. Frankly, I did try going thru saint's mentions of reversals, but seeing these 2 examples on live trades gives a lot more idea of how one should ideally proceed..

I have observed that while going for a pivot on only 15min TF is not enough (3/11), but having a pivot on even 15 & 20 min gives a lot of info.. In the above case, since the pivots were formed on both 15 & 20, with 30 min looking a lot like an agressive pivot, aka turning point, i would have taken it as a reversal point..

Next thing I am planning to backtest is to see if it is prudent to not take the first trade, but take it only if there is an add on that trade on either wrb breakdown or on a pivot breakdown.. I do not have any stats, but it looks like that this would be a profitable tweak for the system during volatile times like these days, when market is not moving in a single direction thru the day..

-- no1lives4ever

 

[no1lives4ever]

Hi All,

I will try to present some ideas regarding Market Profile and its use in the intraday miniflow and 60 min flow as and when I can in the coming days.

Intro to Market Profile.(who ever knows the basics of MP need not read this).
1.First of all some very basic introduction about market profile.A small 8 paged pdf.
http://www.4 shared.com/file/69861945/c275d48d/Market_Profile_Basics.html?dirPwdVerified=3095cef0

2.This is an interesting concept called the 80% rule happens every now and then and its accuracy is quite good.This happened today!This again a very small pdf with 5 pgs
http://www.4s hared.com/file/69862151/c0a5df83/80PercentRuleForValueArea_web.html?dirPwdVerified=3095cef0

3.If we keep the info in this file in our mind it will be useful in certain situations for decision making on our trades.Again a 2 pg file.
http://www.4 shared.com/file/69862343/34345b80/Market_Profile_Trading_Methods.html?dirPwdVerified=3095cef0

4. the below site is a very good place to start for knowing about MP all terms about MP explained visually.By going through all the terms there u will get to know "what stands for what" kind of questions.
http://www.trading-naked.com/MarketProfile.htm

5.This link is to get a feel of how MP works on realtime charts.Consists of some real time charts of American market with MP overlay.
http://www.trading-naked.com/MarketProfileCharts.htm

Thats it,if one knows that much we can start off with the discussion.

PS:For die hard followers of flow method(i am one too) this will not be a distraction,rather a helping tool in decision making.If one do not find it useful they can just tell me to stop it.

Regards.

Thanks for the info.. I will go thru the articles over the weekend!

-- no1lives4ever

 

[Sunil]

Dear Sunil,

Yesterday 4th, break of 11 AM Bar high (60 Min Charts) - 3045 + 7 = 3052 at 11.20 AM, was enough to reverse to Longs. Today 1 PM Bar high (60 Min Charts) - 3111 + 7 = 3118 at 1.20 PM is not enough to reverse to Longs. Whereas we are looking at 12 PM Bar High 3146 + 7 = 3153 to be taken off.

Going above my dumb head.

May be I am wrong.

Cheers

School starts from tomorrow, and my son cannot sleep early w/o me, so gotta rush - I cant explain to you with charts now - but all i can say look at the last 2-3 bars formation in 15/30/60 to reach to the "reversal" conclusion...

I am posting my reply of that day:

so far, yes,
but after 11:15, this 3044 looks like a pivot high in 15/20 & goes with high of WRB in 30/60min too...
3044+7=3051...

my 8 annas

 

[Sunil]

Next thing I am planning to backtest is to see if it is prudent to not take the first trade, but take it only if there is an add on that trade on either wrb breakdown or on a pivot breakdown.. I do not have any stats, but it looks like that this would be a profitable tweak for the system during volatile times like these days, when market is not moving in a single direction thru the day..

-- no1lives4ever

An honest confession -
i was thinking on those lines, after a similiar suggestion put by columbus....

but better would be to initiate with smaller qty, and add on to the WRB follow-up

 

[orderflow13]

Alex,

Is it OK if i jump in here and there for a week or 2 and post some ideas or charts here. Just did not want to start a new thread because some people barge in from nowhere to create a bad environment defeating the reason for starting the thread.So wanted it not to come into too much notice. If it is OK I will continue.

Regards.

segul if u start new thread we will learn more n request pramod to post his views there also, i m very eager to learn more.Thanks for efforts guys
alll in all it was nice day for me.I am thrilled