Nifty Future 5min Ambush Style-Live

[rajendrani]

 

[hitesh05]

Rajen,

should we reverse our positions with candlestick patterns ? means hammers, inverted hammers, engufields etc. ?

 

[myvineet]

out all below 2.05 bar low...

 

[rajendrani]

Rajen,

should we reverse our positions with candlestick patterns ? means hammers, inverted hammers, engufields etc. ?

Yes with engulfing candles, but with hammers and others you need to get more confirmation, closing above or below the previous pivot high and low can tell you what the current price actions so can work around accordingly.

 

[PGDIMES]

Hello everybody, I want to know the time upto which one can trade intraday in both BSE & NSE? I found that in Reliance money one can trade only upto 2:50 p.m.

 

[hitesh05]

Yes with engulfing candles, but with hammers and others you need to get more confirmation, closing above or below the previous pivot high and low can tell you what the current price actions so can work around accordingly.

plz put some light on how to treat hammers with closing above or below previous Ph/PL.......waiting fr the ans EOD.....thanks

 

[rajendrani]

 

[pleaseharsh]

out last add at 4496...will re-enter if get the chance..

 

[rajendrani]

plz put some light on how to treat hammers with closing above or below previous Ph/PL.......waiting fr the ans EOD.....thanks

Buddy Please wait for my posts on the candlestick pattern in my thread, But for that would definately need time

Link for my thread
http://www.traderji.com/technical-analysis/30843-trading-setups-technical-trading.html

The previous highs always gives resistances and previous lows always gives support to the price, if you see the price goes and touches the resistance level and come back down and closes below the resistance level, then use that low for profit booking and not reversing, reversing can be done when the break of the previous low has occured. In this way you will be able to get profit at high level.

Also when entering any position try to open position with minimum two lots, so even if one lot is booked early because of any wrong signal, you still have other lot to run the profit till the very ends, using the resistance and support level will help you to lock in your profits at a good respectable levels for which you wont feel bad.

Regards,
rajendrani

 

[pleaseharsh]

i m short...