Nifty Future 5min Ambush Style-Live

[hitesh05]

hitesh ,revati ...wt i think is that sl or sar at 4254 -f was bit aggressive... a little bit of view from 10 min tf could be important....as all were inside the green bar of 10 min tf....in my views 12.00 bar could had been a appropriate sar...

Harsh....kindly do something to this current problem........this costs me much

 

[pleaseharsh]

Harsh....kindly do something to this current problem........this costs me much

one thing i can suggest is to avoid playing all pivots on 5 min tf...the most u can do is to put sl but dont reverse to opposite trade...also clues from 10 min tf could be useful...and then ofcourse we have 30 tf for further clues..
all u ppl r long so is miniflow with higher high...now reversering at 12.05 pl can be harmful..though its a clear cut pl on 5/10 tf...last thing u can do is sl and soh...i would reverse at crack of 1.45 pl with just one lot...the difference between two pl is less and it will give more confirmation..

 

[Rajadhiraj]

hitesh ,revati ...wt i think is that sl or sar at 4254 -f was bit aggressive... a little bit of view from 10 min tf could be important....as all were inside the green bar of 10 min tf....in my views 12.00 bar could had been a appropriate sar...

Don't mix them up, both are good in their own way, 5 mins gives you a few more wips but gets you in/out early, whereas 10 mins gives you lesser trades but deeper stops, so choose what you like or can trade

Mixing them both would be a problem except for some one who has extreme good price action/tape reading skills

My views, cheers :thumb:

 

[pleaseharsh]

Don't mix them up, both are good in their own way, 5 mins gives you a few more wips but gets you in/out early, whereas 10 mins gives you lesser trades but deeper stops, so choose what you like or can trade

Mixing them both would be a problem except for some one who has extreme good price action/tape reading skills

My views, cheers :thumb:

the problem with 5 tf is that we get lots of pivots...even a day like yesterday when we had one trade on miniflow...there where lots of clear pivots on 5tf...and imagine playing all...though we here didnt play more...one must remember when flow trading things like FILTER come into play....and adding brokerage to it all will just bruised us here and there.....

 

[pleaseharsh]

4285 now good level to go for short....2 pls at this level...

 

[sreperu]

will wait go short below 4287.... with only one lot.

 

[puneet_gaur2k1]

Hi,

What will be the stoploss for short position @ 4285

 

[pleaseharsh]

Hi,

What will be the stoploss for short position @ 4285

did u go short at 2.05 ??? if yes than 2.30 was sar ...and got triggered...

 

[sreperu]

Hi,

What will be the stoploss for short position @ 4285

it's not triggered. if it triggers then our sl would be at 4306.00

 

[ag_fx]

one thing i can suggest is to avoid playing all pivots on 5 min tf...the most u can do is to put sl but dont reverse to opposite trade...also clues from 10 min tf could be useful...and then ofcourse we have 30 tf for further clues..
all u ppl r long so is miniflow with higher high...now reversering at 12.05 pl can be harmful..though its a clear cut pl on 5/10 tf...last thing u can do is sl and soh...i would reverse at crack of 1.45 pl with just one lot...the difference between two pl is less and it will give more confirmation..

Don't mix them up, both are good in their own way, 5 mins gives you a few more wips but gets you in/out early, whereas 10 mins gives you lesser trades but deeper stops, so choose what you like or can trade

Mixing them both would be a problem except for some one who has extreme good price action/tape reading skills

My views, cheers :thumb:

My 2 cents on the issue.

While trading 5 mins Pivot Ambush Style, surely there will be higher number of whipsaws. There are quite a few ways to try and reduce them. I am trying my best to ellucidate some here:

1) The Saint's Sir method. He takes cues from Higher TFs. He wont buy into a major support zone, nor would he sell into a major resistance zone. Also, he backs up his trades with Miniflow and takes the trades against Miniflow in either small quantities or when clear visual major pivots are broken. Also, while entering against miniflow, I have seen him using patterns to support his side of trade. Nonetheless, this is all my observation and thus should be taken with a pinch of salt. Having said all this, I think we are too premature to even consider ourselves close to the Master. So there is a long way to go before this kind of step can be mastered.

2)NR's suggestion: Yesterday he posted a simple yet effective way. If I got it correctly, according to him, we should enter counter to Miniflow in smaller quantities and square off withink 20-25 points of entry and wait for clearer trend/pivots to appear.
My take is that we can do so and cover at least half the quantities in such cases. This will help us in capital protection, but at the same time will limit our potential gains. So thats a tradeoff.

3)Harsh's suggestion: I am not too convinced with you buddy. My take is that in such a case, we wil be trading in effect the higher time frame with SLs according to lower ones. This will mean that many a times our SLes will be hit even when you wouldnt see any significant movement on the Higher TF.

What Rajadhiraj has mentioned is absolutely correct.We should only be taking guidance from higher TFs and not entirely depending on them. Harsh, if you can post some examples with charts for your suggestion, kindly do so and help us all improve.

4) My take: We can start booking partial profits when we dont see convincing moves. I know its as subjective as it can be, but thats what I do alsmot all the time. I reduce my risk exposure when I see trades not moving on flows not occuring. No doubt, at times it makes me out of some big moves with smaller lots, but my prefernce at early stages of this system for me is capital protection and not profit maximisation. In the process of the practice, I get to gain a lot of screen experience. I am happy to close the week in green post all costs and with moderate profits. I also use patterns at times to get outof positions.(like last week I saw a 15 min hammer and reduced my shorts to half the size,while gaining small profits.The trade went and hit our SL, but even in case it wouldnt have, i would have been fine coz I tried to reduce my risk and keep it under control. In my exp so far, I have realised some standard patterns on 15 min do stand tall).

Exits for me are most important aspect of the system. I have seen Saint Sir's exit and that itself accounts for his stupendous return vs ours mediocre ones.
But none the less, we are all here to learn and grow together.

This method is a very subjective method and deciding strict rules for the system is pretty tough.
I personaly act differently in different conditions as deemed fit by myself and at times cant figure out the reason behind latest action.
The system rules are pretty simple and straight forward, but it definately requires personalisation to suit one's own trading style.


Happy Trading