Nifty Future 5min Ambush Style-Live

[pleaseharsh]

oh k...1.50 is a pl...also confirmed on 10 min tf...
will go short ...but one lot...and long above 1.55 ph with one lot cuz still 30 is in long..

 

[hitesh05]

Sorry for the late reply.
I added one lot at 4245. Avg 3 lots were 4227.

Like u all, low vols made me exit all three lots at avg 4235.

Now SOH and will enter only if LOD or HOD breaks.
Also, keeping a check on volumes,any move with relatively higher vols will be played.

Ankit,

plz clear my confusion.....volume is so important that as we see it drying up we should immediately square-up our positions.....is it applicable to all situations ?

 

[pleaseharsh]

long triggered....

 

[pleaseharsh]

nifty has made two pl's at 4200 ...short would be double the qty if it comes...

 

[sreperu]

will add 1 lot if the hod breaks....

 

[pleaseharsh]

booked the lot at 4250...its resistance...will initiate long at hod+sf

 

[sreperu]

booked the lot at 4250...its resistance...will initiate long at hod+sf

with you Harsh....

 

[pleaseharsh]

long with one more lot again...stop at 4235

 

[ag_fx]

Ankit,

plz clear my confusion.....volume is so important that as we see it drying up we should immediately square-up our positions.....is it applicable to all situations ?

Hitesh,
Volumes are very important..without a shadow of doubt.
Now, to cover your positions or not is entirely your choice. It is a very subjective matter and thus cant be answered in a Yes or No.

With more screen exp and more exp into the strategy, you will be able to make out what kind of volume moves to discard and what to honour.

You see today, the NF ws in sideways trend and vols almost dried up. This indicates the smart money is not in the market and some guys in the Pit are just playing Hide and Seek. In such cases, its better to square off your positions or at least cut them down.

on the flip side, a sudden WRB with huge volumes indicate interest from the market movers and we try to ride by being on the same side of the market.

I hope it clears some doubts.

Happy Trading

 

[ag_fx]

Very Well Done Harsh:thumb: