Day Trading Stocks & Futures

Tlahuicole

Well-Known Member
re: Day trading Nifty & Banknifty Futures

check whether when it is giving whips one of these 2 conditions is satisfied

the BNF MA line is
1. in 60-13 range OR
2. between +1SD and -1SD of the day

most whips will be in this time

will see if can put some charts later

P.S. charts will be of 3min TF so will use 34EMA there as 5 x 21 ~ 3 x 34
Pratap bhai,

how to implement this method in 5 min tf, you have already said in your thread that this can be implementd in all tfs but just confused my mind not in thinking mode, please help.

What will be the ema combination simliar to what you are using 3 - 13, 15 - 13 and 60 -13 will it be like 5 * 7ema?

Really mind in shut down mode, please guide and I will download AFL from your thread and modify the periods accrodingly :D
 

Tlahuicole

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Pratap bhai,

how to implement this method in 5 min tf, you have already said in your thread that this can be implementd in all tfs but just confused my mind not in thinking mode, please help.

What will be the ema combination simliar to what you are using 3 - 13, 15 - 13 and 60 -13 will it be like 5 * 7ema?

Really mind in shut down mode, please guide and I will download AFL from your thread and modify the periods accrodingly :D
or 34 ema high and low for all tfs 3,15 and 60 should be used in this chart?:confused:
 
re: Day trading Nifty & Banknifty Futures

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+1
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+2
 
re: Day trading Nifty & Banknifty Futures

As soon as filled I will place the stop loss order when not already included for example in a bracket order when trading a naked future.

When trading a short option strategy for example: a short strangle, we not necessarily have to do the same. So your question I think is more related to naked future trading.
thanks for answering.
actually question is to highlight the difference between how successful and struggling traders think, for successful traders managing risk is first priority then gains, for struggling its other way around.
was reading The Playbook, Mike asked one of SMB traders -" what must i consider before getting long at 42 ?" and one of the traders answered " where can i exit if 42 drops ?" they make them think the right way, first thing should be always how you can manage risk.
 
re: Day trading Nifty & Banknifty Futures

Yeah its a good book augubhai, currently my read is Al brooks trading price action trends, reversals, ranges.

I expect to complete it within March, main idea is 1 book per month, you too set a deadline and learn otherwise we will not even complete 1 book per year tru or not? ;)
Al brooks..i tried 2 times but could read only first few pages. It has immense knowledge in it, so its good if you are reading it. SAAK follows it so you can share your learning with him. For me YTC has enough technical material, i need more work(really a lot) on my psychology so focusing on those books.
 
re: Day trading Nifty & Banknifty Futures

thanks for answering.
actually question is to highlight the difference between how successful and struggling traders think, for successful traders managing risk is first priority then gains, for struggling its other way around.
was reading The Playbook, Mike asked one of SMB traders -" what must i consider before getting long at 42 ?" and one of the traders answered " where can i exit if 42 drops ?" they make them think the right way, first thing should be always how you can manage risk.
Hi
Could u please send me 'the play book" in pdf through PM..I tried hard but couldnt get pdf of it ..
If you dont have ,i can also send u "one good trade" 'by same writer.
thanks
 

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