Nifty Future 5min Ambush Style-Live
- Thread starter ag_fx
- Start date
hmm...yeah with this small scalps in last 2 trades...i managed to cover some of loss that came from long trade....cuz wt we could do else...smelling this has a ranged day...such small scalps atleast get our loss covered to an extent....otherwise my broker is proud of me today....
ready fr a big hug from ur broker......
:rofl:hi all,
can one of u post the link where i can find all the abbreviations dat u people use?
i felt SAR is an indicator(parabolic sar) but the context in which it is used here is different. there r lot more others like fl, soh, sf etc..
1 more question: wat exactly is filter n how do u decide on it?
thanx n regards.
P.S. i already tried googling using abbreviations n glossary preceded by traderji
can one of u post the link where i can find all the abbreviations dat u people use?
i felt SAR is an indicator(parabolic sar) but the context in which it is used here is different. there r lot more others like fl, soh, sf etc..
1 more question: wat exactly is filter n how do u decide on it?
thanx n regards.
P.S. i already tried googling using abbreviations n glossary preceded by traderji
As i said, reversing mostly to be done only on engulfing candles, but for others need more confirmation 5 min charts has plenty numbers of hammers and even engulfings but to trade the correct one is the key, Pivots, I mean the strong visual pivots can give a good entry or exit. Even if booking has to be done, there has to be a reason why the profit was booked, otherwise we will definately be booking profits too early.
Every system or stratergy has a different way of booking the profits, like my 5 min pivot, where i will surely book by 1st lot at above 25 + points.
Hitesh, the best way to trade is by giving plenty of screentime looking at the charts, try to go through each day charts and start drawing parallel lines to this pivot high and low, you will definately start seeing where the prices gets resistance or support.
Then start drawing lines to the consecutive two pivot high and two pivot lows, you will see the pattern, now this pattern will be either a wedge, or a triangle, expanding triangle or channel, other than that using two pivots on top and bottom you wont find any other patterns, trading the break of the pattern, is a good bet with a small stop loss with good returns. The key to trade the pattern is to exit at a predefined profit level, do not wait till the reversal happens.
This pattern trading you can do along with your miniflow trading or ambush trading, or can use this to add to your position.
Hitesh, the best way is to learn is definately ask question, but other than that is to try to find answer for it ourself. Start looking at the charts and post the charts, put the trades what you took, and check for the members feedback, the more you keep on doing this, more you get a feel of it.
I had seen members posting so many comments but it takes very less time to post the charts too, and picture speaks a thousand words as you said, so when you post the charts with TL and support and resistance lines, connecting the pivots, you will definately start looking at the market in a different perspective.
I am happy that harsh had come out of the box, and started posting the charts, posting the trendlines, and the pattern, the more we do ourself, the more we learn.
Alrighty guys enough of gyan for today. Will try posting as and when I get time. Will be posting in my thread some setups, please try to go through on your free time, some learning should not be skipped, all knowledge only helps.
But apply only where its needed.
Thanks and regards,
rajendrani
Every system or stratergy has a different way of booking the profits, like my 5 min pivot, where i will surely book by 1st lot at above 25 + points.
Hitesh, the best way to trade is by giving plenty of screentime looking at the charts, try to go through each day charts and start drawing parallel lines to this pivot high and low, you will definately start seeing where the prices gets resistance or support.
Then start drawing lines to the consecutive two pivot high and two pivot lows, you will see the pattern, now this pattern will be either a wedge, or a triangle, expanding triangle or channel, other than that using two pivots on top and bottom you wont find any other patterns, trading the break of the pattern, is a good bet with a small stop loss with good returns. The key to trade the pattern is to exit at a predefined profit level, do not wait till the reversal happens.
This pattern trading you can do along with your miniflow trading or ambush trading, or can use this to add to your position.
Hitesh, the best way is to learn is definately ask question, but other than that is to try to find answer for it ourself. Start looking at the charts and post the charts, put the trades what you took, and check for the members feedback, the more you keep on doing this, more you get a feel of it.
I had seen members posting so many comments but it takes very less time to post the charts too, and picture speaks a thousand words as you said, so when you post the charts with TL and support and resistance lines, connecting the pivots, you will definately start looking at the market in a different perspective.
I am happy that harsh had come out of the box, and started posting the charts, posting the trendlines, and the pattern, the more we do ourself, the more we learn.
Alrighty guys enough of gyan for today. Will try posting as and when I get time. Will be posting in my thread some setups, please try to go through on your free time, some learning should not be skipped, all knowledge only helps.
But apply only where its needed.
Thanks and regards,
rajendrani
Last edited:
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