Nifty Future 5min Ambush Style-Live

[hitesh05]

short too...

 

[jamit_05]

Actually, Harsh... I think this short should have been taken a little later... or not at all cuz of poor RR due to the huge intraday support down below and the fact that volatility is at its dullest today.

Once we are below 73 then any short looks better, as that would negate this upmove.

 

[pleaseharsh]

Actually, Harsh... I think this short should have been taken a little later... or not at all cuz of poor RR due to the huge intraday support down below and the fact that volatility is at its dullest today.

Once we are below 73 then any short looks better, as that would negate this upmove.

amit i have squared of at the moment...nm to gain...just cuz it broke pl and trendline i had reason to go short...but at the moment in soh situation...

 

[HEM]

SAR hit long now.

Booked 26 point in mini.

 

[hitesh05]

look at aban

 

[hitesh05]

Harsh/ Hemant what if a false BO/BD occours in a pattern then should we reverse in that trade or have to watch it......means false bo/bd means strong trend in opp. direction

 

[HEM]

Harsh/ Hemant what if a false BO/BD occours in a pattern then should we reverse in that trade or have to watch it......means false bo/bd means strong trend in opp. direction

Hitesh in my view we should reverse on false BO/BD or BOF/ BDF.

 

[pleaseharsh]

Harsh/ Hemant what if a false BO/BD occours in a pattern then should we reverse in that trade or have to watch it......means false bo/bd means strong trend in opp. direction

hitesh ..dont watch it ...as of today...we had a bd breaking trendline...now in next bars we expect move down...but start from very next bar (i.e after bd)...3-4 bars took support at 4068 level...so it was a signal to square of and go long.....

 

[hitesh05]

hitesh ..dont watch it ...as of today...we had a bd breaking trendline...now in next bars we expect move down...but start from very next bar (i.e after bd)...3-4 bars took support at 4068 level...so it was a signal to square of and go long.....

So Harsh we shouldn't watch patterns or trendline as it's not reliable ? plz explain

 

[pleaseharsh]

So Harsh we shouldn't watch patterns or trendline as it's not reliable ? plz explain

hitesh nothing is sure shot....and if don't rely on patterns & trendline , on wt we gonna rely on ?? have we got any indicator or something else which works 100 % ....? with patterns and TL we get an edge...
as of today we had that breakdown after some congestion at the same level...but as mentioned above after bd market gave us enough signal that it was false bd....