General Trading Chat

[arsh22g]

For intraday trades we play short momentum moves.

Since we play high probability setups ,move on either side should came within next 3-4 candles ,15-20 Mins .

if their is no move after such time ,the setup loses its probability as price failed to gain enough buyers or sellers in desired direction ,Such trades could be scratched rather then waiting for SL.

This is my view based on my experience as per my setup.

Yes, that is what I have observed too.

 

[sherbaaz]

good day for trend trading in nif 5 min tf.

regds,
s

 

[amitrandive]

Spot Nifty 5 min

Slowly inching upwards with pullbacks on 20EMA.

Spot Nifty 5 min update

 

[vikas2131]

i feel banks should lead the really..they have corrected bit too much...anybody long ???

 

[pratapvb]

i feel banks should lead the really..they have corrected bit too much...anybody long ???

in bnf?

I am long in nf ...posted charted above...long sine 741x .... 20pts partial profit taken .. trailing rest 7466...critical resistance

 

[pratapvb]

bnf

 

[arsh22g]

European markets are out of congestion on hourly, set to open high. Bullish bias for Nifty too, maybe 7500 in sight.

 

[vikas2131]

in bnf?

I am long in nf ...posted charted above...long sine 741x .... 20pts partial profit taken .. trailing rest 7466...critical resistance

talking about swing..u must be trading intraday

 

[pratapvb]

talking about swing..u must be trading intraday

swing if closes above yday high might enter some ... till then intraday

the daily AMA is still about 80 odd points above though

 

[Vipul_84]

Pratap Sir, have heard about your extensive R&D from many traders. :thumb: Happy to know that finally this one is working very well.
Can you please guide, for intraday trades, how many points we can expect per month on NIFTY 5 min charts? Need some approximate answer and not exactly backtested etc...
I am a newbie trader, looking for a system that can make 120-150 points per month. Can you please guide on this?

he may be referring to just AMA of close

I found this modification of using a band created by AMA of high and low useful.... it does not lag too much ... holds the trend when there is a trend and gives potential sideways region i.e. the
band (with AMA of high and low)

so the trade entry is not too late nor too early etc

and last but not the least it is making me money after lot of other R&D. of course I do use s/rs like 2day and 5day vwap levels ... noise band around open etc