METHOD : 30 Min Flow.. always in the market.
TIME FRAME : 30 Min charts
PERSPECTIVE : None….Flow Trades are traded off that particular timeframe with very little dependance on higher and lower time frames.They will be discussed later.
FILTERS :
1) Reversal filter ( F ) : The value wich we take to revese the trade in absence of gap
2) Gap Filter (GF): The value ( a bit bigger than normal filter) we take when we get gap opening against our position
3) Add Filter (AF): The value which we take for our adds ( a bit lesser than normal filter)
ENTRY : Our entry on one side is always accompanied with exits from previous positions.
a.PIVOTS---->Reversals over Visual Pivots alone in NF and other stocks except BANK NIFTY.What constitutes a Visual Pivot will be discussed later.
---SAR is moved from one PL to the next PL in an uptrend,and the SAR is moved only when the previous PH is taken out.Vice versa with a Downtrend.This is the general broader rule.Exceptions to this Rule exists and we will add that to this thread.
EXCEPTION to the above:
1. A Virtual High(When new highs after 2-3 bars sideways is not made,but a new close...we call that a Virtual High.Enough to move up our SAR.So too Virtual Lows.
2. In case of vertical moves without pivots, then SAR moved to visual pivot in 15min TF
B.GAPS:---->
i)AGAINST OUR SAR : Wait for 1st 15 min to form and reverse with high / low ( + / - ) GF… Gap Filter
ii) AGAINST OUR POSITION BUT WITHIN OUR SAR : Original SAR +/- F
iii) IN OUR FAVOUR : We are Long + continuous up move with a few WRBs ...If (First 15 min bar is a bearish bar) then
a.) Reverse on First 15min bar low – Gap filter , SAR at High of 1st 15 min bar H +gap filter
b.) In all other cases stops to be moved to previous day's last bar low...
ADDS :
A) LONGS : In long position/uptrend, we add only on Visual PH....max 3positions(Initial Posn+2 adds)
B) SHORTS : In short position/downtrend, we can add at Visual / Aggressive
PL as well as in following way…
1) We are short today, next day gap down, we add at first bearish bar low –F.
2) WRB low which is just a start of downtrend / move….
3) A WRB on 30 min which is turning an uptrend on daily into downtrend.
---Altogether 4 positions in a downtrend(Initial Posn+add1+add 2+add 3)
The only time we do not do the above.......when present trend is against the daily charts trend....then only Initial Position+1 add
PROFIT BOOKING: Not done.. We are always in flow.. Entry on one side is exit from other side.
EOD-REVERSALS - based on last bar closing value to be in the direction of the trend.More will be discussed after taking abt concepts.
POSITION SIZING:No more than 1.5% risk for Initial Positions and no more than 2% risk at any given time inclusive of adds.
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Aggressive Pivot
In a Bar level rally, a lower close without a lower low and then high breaks defines an aggressive pvt
In a Bar level decline, a higher close without a higher high and then low breaks defines an aggressive pvt
Basically, a pvt in line chart without being a pvt in candle
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minor Pivot
In a bar level rally, a lower low defines the high as an mpH
In a bar level decline, a higher high defines the low as an mpL
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(only for UT) a minor pvt below d line makes it a VPL, no new high required here....ex: diagram 2
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