Nifty Future 5min Ambush Style-Live

[pleaseharsh]

revati check out the 15 no diagram in the above chart...

according to me we were in congestion ....we got pl's (support at 4156-4148 band) ...12.50 pl was a part of congestion for me and so i took it as minor pivot...as u will read the chart above it clearly mentions in congestion we dont trade minor pl's and ph's...i.e we trade preceding (outside ranged ph's,pl's)..
well it suited me and did it...nothing sort of rules like...

 

[pleaseharsh]

its quite tough to eliminate minor vs major pivots....in mini its comparitive easy to differentiate minor vs major pivot...so is not the case with 5 min tf...we get so many ph's,pl's ....its really tough for us to differentiate between us...trading all will make us bag pack for good.....so i personally look at whole picture and trade...i keep look at hammers (well formed hammers), trendlines, range ...and have added stochs for direction......still frankly its tough to trade....

 

[ag_fx]

Good Morning traders

 

[HEM]

Good morning to all
&
Best wishes to all :thumb:

 

[HEM]

Short triggered in mini.

 

[hitesh05]

Good morning to all

 

[hitesh05]

Short triggered in mini.

where ur short triggered ??

 

[ag_fx]

where ur short triggered ??

I guess LOD-f ..thats where I took NF shorts..over first 5 min candles low

 

[hitesh05]

I guess LOD-f ..thats where I took NF shorts..over first 5 min candles low

should we go L/S with first 5min candle with F ?

 

[ag_fx]

should we go L/S with first 5min candle with F ?

depends on ur comfort level..I took only 1 lot...my decision was backed by the fact what daily charts showed us...I was bearish and decided to play ambush wid the first candle itself...
SL wud have been high of frst candle..so MM was nt a problem.