Nifty Future 5min Ambush Style-Live
- Thread starter ag_fx
- Start date
The ideal trades from above should have been:
1) Short 1 lot at 4332. SAR was HOD. This trade should have been stopped only when 11:35 PH was taken off. Cover at 4348. Loss of 16 points
2) Long 4348 with 2 lots. SAR 4310, the low-f for 11:45 bar.
ADD 4370 with 1 lot. Above the high of 11:00 bars.
SAR at 4340. A net loss of 46 points.
3) As already said, the short trade was absolutely ideal. Went on to trade it ideally and made decent money. Avg 4 lots shorted at 4322.5 and covered at average of 4257.5. A total of 260 points in profit.
Thus, 198 points of net profit in the day.
Whereas because of some stupid mistakes and chickeing myself out uselessly, I closed the day with only 70 points profit(Not accounting the double top that I traded.It was an off system trade).
Please do pout in your inputs and suggestions.
Happy Trading
1) Short 1 lot at 4332. SAR was HOD. This trade should have been stopped only when 11:35 PH was taken off. Cover at 4348. Loss of 16 points
2) Long 4348 with 2 lots. SAR 4310, the low-f for 11:45 bar.
ADD 4370 with 1 lot. Above the high of 11:00 bars.
SAR at 4340. A net loss of 46 points.
3) As already said, the short trade was absolutely ideal. Went on to trade it ideally and made decent money. Avg 4 lots shorted at 4322.5 and covered at average of 4257.5. A total of 260 points in profit.
Thus, 198 points of net profit in the day.
Whereas because of some stupid mistakes and chickeing myself out uselessly, I closed the day with only 70 points profit(Not accounting the double top that I traded.It was an off system trade).
Please do pout in your inputs and suggestions.
Happy Trading
good one ankit..
the big problem is i m bit confussed now...
wt tf to see ? 5 min or 10 min ?
but problem with 10 min would be again sar would be deep ? are the sar in 10 min tf near to 30 min tf ...i.e risk : reward ratio ..mm..
also throw some light on filters....cuz on this 5 min tf ..filter matters the most...cuz zigzag movement are more and could get us into wrong trades !!
again pivot thingy .....should we just go for minor pivot or use major one's ..like for e.g if ph then both its surrounding bar should have lows more then the ph bar.....pls comment on this..anyone...
the big problem is i m bit confussed now...
wt tf to see ? 5 min or 10 min ?
but problem with 10 min would be again sar would be deep ? are the sar in 10 min tf near to 30 min tf ...i.e risk : reward ratio ..mm..
also throw some light on filters....cuz on this 5 min tf ..filter matters the most...cuz zigzag movement are more and could get us into wrong trades !!
again pivot thingy .....should we just go for minor pivot or use major one's ..like for e.g if ph then both its surrounding bar should have lows more then the ph bar.....pls comment on this..anyone...
I call getting confused as progress...It just means that your mind is at Work 
Anyways, my personal choice has always been 5 min. Yes, it gives more whips, but then at times of trending large moves, it gets us in at decent enough time to profit well.
There is no generalisation with which one can say that PHs or PLs of 10 min are closer to 30 min. At least, i havent come accross any such generalisation.
MM is not an issue of Time Frame. It is an issue of how we manage our SLs. But yes, with 10 mins, our SARs will be farther away and thus a higher capital might be required to maintain a max of 1.5% risk per trade. Also, the Adds will be late and thus not all the meat might come to us. The benefit will be that we will get lesser whips.
IMHO, managing whips with proper MM is much easier and preferable than missing on Large Moves. I personally would want to be in Large moves as soon as possible than trying to skip whips. With proper MM, whips cant put us out of business for sure.
Well filters is a very tricky issue for sure. It is more of a personal choice to use different level of filters. Personally, I used 5-7 points filter on NF. I change filters according to my understanding of the market from 5 to 7 or vice versa. Sometimes I am right, sometimes wrong. I generalyl use a 5 point filter for ADDs(no matter if the entry filter was 7 or 5).
The filters on 5 min TF cant avoid all the whips, but certainly help us in protecting many a times. They just reduce the whips and I believe no filter can remove all whips on 5 min TF because of so much noise generated on it.
Coming to major and minor pivots...yes that was something that I was thinking about posting on today. Visual pivots & Major pivots is what I used for entering and exiting trades.
For profit booking and ADDs, I have many a times used weak pivots too. I have tried this method for close to 2-3 months now and still learning from it. So it is more of a personal choice on this front. Test it on Live markets to come to your comfort levels.
Happy Trading
Anyways, my personal choice has always been 5 min. Yes, it gives more whips, but then at times of trending large moves, it gets us in at decent enough time to profit well.
There is no generalisation with which one can say that PHs or PLs of 10 min are closer to 30 min. At least, i havent come accross any such generalisation.
MM is not an issue of Time Frame. It is an issue of how we manage our SLs. But yes, with 10 mins, our SARs will be farther away and thus a higher capital might be required to maintain a max of 1.5% risk per trade. Also, the Adds will be late and thus not all the meat might come to us. The benefit will be that we will get lesser whips.
IMHO, managing whips with proper MM is much easier and preferable than missing on Large Moves. I personally would want to be in Large moves as soon as possible than trying to skip whips. With proper MM, whips cant put us out of business for sure.
Well filters is a very tricky issue for sure. It is more of a personal choice to use different level of filters. Personally, I used 5-7 points filter on NF. I change filters according to my understanding of the market from 5 to 7 or vice versa. Sometimes I am right, sometimes wrong. I generalyl use a 5 point filter for ADDs(no matter if the entry filter was 7 or 5).
The filters on 5 min TF cant avoid all the whips, but certainly help us in protecting many a times. They just reduce the whips and I believe no filter can remove all whips on 5 min TF because of so much noise generated on it.
Coming to major and minor pivots...yes that was something that I was thinking about posting on today. Visual pivots & Major pivots is what I used for entering and exiting trades.
For profit booking and ADDs, I have many a times used weak pivots too. I have tried this method for close to 2-3 months now and still learning from it. So it is more of a personal choice on this front. Test it on Live markets to come to your comfort levels.
Happy Trading
thanx mate for the good reply....mm is very important....u been trading 5 min s long ...can u tell like how many trades u get approx on an average daily basis on 5 min tf....like for e.g on 30 time frame we get a single whipsaw quite no of times...i.e two trades ..its common...yeah 3 trades are rare ...and 4 trades once in a blue moon....this according to how one trades...
one more thing regarding having a look on wt's happening on the higher tf....
i dont know but dont get it as how we can see/refer 30 min tf (miniflow) for this 5 min tf method....cuz for 5 min tf i think the next higher tf is 10 min (5x2) ...cuz that s wt we do on miniflow ...we refer 60 tf for 30 tf (i.e 30 x 2)..
pls comment...yr suggestion
regards
harsh
one more thing regarding having a look on wt's happening on the higher tf....
i dont know but dont get it as how we can see/refer 30 min tf (miniflow) for this 5 min tf method....cuz for 5 min tf i think the next higher tf is 10 min (5x2) ...cuz that s wt we do on miniflow ...we refer 60 tf for 30 tf (i.e 30 x 2)..
pls comment...yr suggestion
regards
harsh
No definate answers for that, its a trade-off, if you are looking for something to suppliment you with miniflow then it will have to be 5 minutes. I do not trade the miniflow, but the stops on 10 mins seem to be similar in nature, the worst thing is when the price BOs and the straight reverses to hit the SAR.
As for taking the clue from MiniFlow trades, it should not be done blindly 1-to-1, but taking cues from higher TF is a good idea, so the trades on 5 min should roughly follow the trend in Higher TF, Any change in trend will first show in the lower TF then manisfest itself on HTF, waiting for miniflow to turn will be costly, just avoid taking trades against obvious strong trends on HTF, anything side-ways or doubtful should be ignored.
Thanks
As for taking the clue from MiniFlow trades, it should not be done blindly 1-to-1, but taking cues from higher TF is a good idea, so the trades on 5 min should roughly follow the trend in Higher TF, Any change in trend will first show in the lower TF then manisfest itself on HTF, waiting for miniflow to turn will be costly, just avoid taking trades against obvious strong trends on HTF, anything side-ways or doubtful should be ignored.
Thanks
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