Nifty Future 5min Ambush Style-Live

[Nishikant]

Lead The Way For All

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

HARI OM DEAR RAJENDRANI :thumb:


GOOD GOING DEAR FRIEND. YOUR EXPLANATION WITH THE CHARTS DEFINITELY HELPS A LOT OF TRADERS.



KEEP UP THE GOOD WORK :clapping:



REGARDS,
NISHIKANT K. HADGE

 

[hitesh05]

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

Thanks very much Rajen fr this great post......it works as glucose to my trading health......thanks again....will definitely improve in the fields u mentioned and also will go through ur new thread.

warm regards

Hitesh

 

[sachinsamani]

Hi I don't know the link, but i can answer u r questions.

SAR - Stop And reverse.
SOH - Sit On Hand ( No position)
SF - Short Filter.

Filters we keep just to avoid entering early trade or false signal.

Hope u r doubts r cleared.

Sachin.

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

 

[lvgandhi]

yes raj ....winston rule...

Vineet
What is that winston rule?

 

[dare2]

Hi I don't know the link, but i can answer u r questions.

SAR - Stop And reverse.
SOH - Sit On Hand ( No position)
SF - Short Filter.

Filters we keep just to avoid entering early trade or false signal.

Hope u r doubts r cleared.

Sachin.

SOH - Sit On Hand :rofl:
god! wasted more than half an hour googling 4 it..

came across so many financial dictionary n glossary websites. if nebody needs them then let me know..

these r some recognised acronyms for SOH :rofl:
SOH State Of Health
SOH Start of Heading
SOH Sydney Opera House (Sydney, Australia)
SOH Save Our Homes (Amendment)
SOH Section Overhead (SONET)
SOH Society of Homeopaths
SOH Sense Of Humor (used in personal ads)
SOH Start Of Header
SOH Safety and Occupational Health (USACE)
SOH Stock On Hand
SOH Soldiers of Honor (gaming)
SOH Straits of Hormuz
SOH Siege of Hate (band)
SOH Soldiers of Heaven
SOH Survivors of Homicide
SOH Secretary of Housing (US)
SOH Signal Overhead (SONET)
SOH Scientific Observation Hole
SOH Start of Overhaul
SOH Second-Order-Hold
SOH Significant Other Half
SOH Sine is Opposite divided by Hypotenuse (trigonometry)
SOH So Over Him/Her
SOH Sepia Officinalis Hemocyanin

 

[myvineet]

Vineet
What is that winston rule?

Lv sir ..it is very good set up given by winston ...high success rate..

you can find more about that here...

http://www.traderji.com/technical-analysis/29389-rise-fight-again-my-friends.html


regards

 

[ag_fx]

Good Morning everyone

 

[HEM]

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

 

[HEM]

Long triggered

 

[ag_fx]

Long triggered

How? and where have u put ur SL?