Nifty Future 5min Ambush Style-Live

[goutham1234]

hi im new to trading,but learnt a lot of things in quick span of time... i know still there is alot more to learn.

But i seriously facing a problem to decide on the broker ,which one to opt for whether it is angelbroking or sharekhan. i couldnt make up my ming so vl u pleas help me choosing one.sorry for writing irrelevant post here.

can u also tell me present brokerage charged. im using icici direct at present.so please tell me which one to opt for....

 

[ag_fx]

hi all,
sorry 2 bother u guys again.. but i need some information..
i felt i shd paper-trade 4 a month instead of trading directly in the market.. i have installed amibroker 5.20.. could u guys tell me where i can get the 5min data from??

thanx n regards.

to b honest.. i dont know exactly whether ieod data will b sufficient.. i think it'll b better if u advise.. u r experienced sir.. i m juz a novice.. so plz enlighten me sir..

You can get the RT data for as less as 350 per month. I would suggest you to start your paper trade with IEOD data for a week or so(use market replay function of Ami) and then paper trade for at least a month the said method on RT data before putting your money into it.

Happy Trading

 

[goutham1234]

hi everyone...i hope most people here r using sharekhan.

I m new to trading but following the thread from 15 days.

I want to open a account with sharekhan or angel broking which provides me candle charts.But the thing is im unable to decide my broker.can u please kelp me deciding one.

please tell the details of brokerage charged by sharekhan.My intial trading money would be around 15000 to trading mininifty,but i need a ODIN terminal to get the real experience of trading.I heard that sharekhan has a lot of hidden charges.Is that true Please clarify me all the details regarding sharekhan. Even if moderators help me in solving my problem that will be good....

 

[hitesh05]

to b honest.. i dont know exactly whether ieod data will b sufficient.. i think it'll b better if u advise.. u r experienced sir.. i m juz a novice.. so plz enlighten me sir..

Hello Dare

this is not the place to discuss all about this.....u plz come to this thread.....link given below...and first tell me what method u want to trade and what broker u have.....

http://www.traderji.com/day-trading/28225-basic-setup-required-related-issues-daytrading-22.html

Regards

 

[dare2]

Hello Dare

this is not the place to discuss all about this.....u plz come to this thread.....link given below...and first tell me what method u want to trade and what broker u have.....

http://www.traderji.com/day-trading/...rading-22.html

Regards
__________________

You can get the RT data for as less as 350 per month. I would suggest you to start your paper trade with IEOD data for a week or so(use market replay function of Ami) and then paper trade for at least a month the said method on RT data before putting your money into it.

Happy Trading

thank u guys.. will post my queries in relevent threads..

P.S. thank you button is not visible in the page.. so dont mind this post here..

 

[jwalanta]

hi guys,
Sorry to interpret you but i m new trader and i am trying to find details of Ambush Style trading... the post is great but every thing gone over my head can u please suggest me any e-book or any thing which has indepth details..

Thanks

 

[hitesh05]

Ankit in the first page in rules u have mentioned the capital as 2 lack and the position size is 2 lots and maximum of 2 lots add, so I want to knw that what % risk u taken with the capital on average of how many points of SL ?? plz elabotate some MM points here....

 

[ag_fx]

Ankit in the first page in rules u have mentioned the capital as 2 lack and the position size is 2 lots and maximum of 2 lots add, so I want to knw that what % risk u taken with the capital on average of how many points of SL ?? plz elabotate some MM points here....

Generally i open my positions with 1-1.5% of my capital as a risk on any trade.Sometimes I get left out of big moves because I satrted off with 1 lot instead of regular 2, to keep my risk on the trade within those boundaries. But, I dont mind that as I wanna stay in the game for longer.

I will elucidate a little with example:

Lets say if my buy level is 4605+f and my SL is 4585-f. using a 7 point filter, total risk at stake comes at 34 points. In such a situation, i will definately go with 1 lot. In no case, i increase my risk on one trade beyond 1.5% and that is the upper limit.

Now when we Add, the SLs are also updated and sometimes they are updated earlier too..it happens sometimes that the ADD increases the risk at stake and SL is not moved. Generally these are cases with WRBs and I update my stops to one end of WRB. Like Saint Sir does, he sometimes update SL to 50% retracement of WRB and most of the time it works well.


I hope I have made myself clear.

 

[hitesh05]

Friends pasting here one post of saint sir which is very much helpful fr ambush trades.....

Saint001 18 Jun 2009, 22:54 -0-700
MJ,track the long timeframes as well for a clearer perspective,use the direction of the miniflow of the stock you are trading as a guideline.For example,we took the longs in BANK NF and was stopped.Now we are holding short posns,if this moves decisvely to the down and breaks a pivot high,we would be exitting our short posns.But miniflow still being short,we would sit on sidelines till we get the next opportunity to go short again.

Unless we get a reversal that is……of course,sometimes,we can get whipped about.So far,today is turning out like that

The strategy of this thread is to look into the longer tfs and trade the juicy ones when the mkt opens.For example,AXIS BANK is looking more and more like a LONG that is waiting to erupt.KOTAK BANK looking like a short about to dump.So,when we want to get into longs,we get into axis…..when the trend moves down,we get into kotak.We want just that trend,that move,and then we are off to some other stock to plunder.A clear cut directional move will get axis and kotak on the same page,presuming longs,…..but there always is a DLF or RELCAP that is on our shorts watchlist.So on so forth,the game goes on.

The longs that trigger and that are contratrend to the larger tf,yes,you could take smaller sizes……but use the miniflow as a guideline and stay out of unnecessary trades.

Saint


PS : Post of Saint Sir from TS

Regards

Hitesh

 

[ag_fx]

Good Morning Traders..

Have a happy and successful trading day ahead.