Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
For first 5 min bar bo/bd trade........ you should look at following things :-
Look at........ opening and close of the first 5 min bar regarding previous day high/low, bo/bd and bof/bdf of previous day high/low by first 5 min bar , bo/bd and bof/bdf of previous day ph/pl by first 5 min bar , comparison of volume of first 5 min bar with previous day's last bars volume, look at candle formation of first 5 min bar like candle body, tail/wick,hammmer, shooting star etc.....
:thumb:
and now if you don't feel enough confident to trade on first 5 min bar bo/bd then please don't trade on first 5 min bar bo/bd.
Dear Tlahuicole's has also given the nice answer of your question in his post - http://www.traderji.com/futures/89068-day-trading-nifty-futures-42.html#post856135
HEM
Hem bhai kuch gyaan 1st 5 min bar ke trade ke baare mein de do plz... sala kal se pooch raha hoon but ab tak unable to understand fully....
BTW aaaj ka +40 pointer ho gaya mera .... some loss recovered
BTW aaaj ka +40 pointer ho gaya mera ....
some loss recovered
For first 5 min bar bo/bd trade........ you should look at following things :-
Look at........ opening and close of the first 5 min bar regarding previous day high/low, bo/bd and bof/bdf of previous day high/low by first 5 min bar , bo/bd and bof/bdf of previous day ph/pl by first 5 min bar , comparison of volume of first 5 min bar with previous day's last bars volume, look at candle formation of first 5 min bar like candle body, tail/wick,hammmer, shooting star etc.....
:thumb:and now if you don't feel enough confident to trade on first 5 min bar bo/bd then please don't trade on first 5 min bar bo/bd.
Dear Tlahuicole's has also given the nice answer of your question in his post - http://www.traderji.com/futures/89068-day-trading-nifty-futures-42.html#post856135
HEM
Last edited:
re: Day trading Nifty & Banknifty Futures
this picture tells only half the story........as in most of the profitable trades I exited @ cost.......at least in 9 trades profit was > 20 points , booked profits in only 2 trades , 1 exited in loss, other exited at cost.........so have to rectify this problem ASAP.........
so far 3 days in this Sep wasted (NF trading)....
-66 - 26 - 17 = -109
-66 - 26 - 17 = -109
re: Day trading Nifty & Banknifty Futures
Two more things forgot to add first 5 mim bar bo/bd trade :-
(1) if first 5 min bar closes above yesterday ATP then go long above first 5 min bar high with SL of that bar low.
if first 5 min bar closes below yesterday ATP then go short below first 5 min bar low with SL of that bar high.
(2) if first 5 min bar is WRB( wide range bar) then don't take trade above/below that WRB high/low....... wait for second bar, if second bar closes above/below first bar high/low then take trade above/below that second 5 min bar high/low with SL of that bar.
HEM
For first 5 min bar bo/bd trade........ you should look at following things :-
Look at........ opening and close of the first 5 min bar regarding previous day high/low, bo/bd and bof/bdf of previous day high/low by first 5 min bar , bo/bd and bof/bdf of previous day ph/pl by first 5 min bar , comparison of volume of first 5 min bar with previous day's last bars volume, look at candle formation of first 5 min bar like candle body, tail/wick,hammmer, shooting star etc.....:thumb:
and now if you don't feel enough confident to trade on first 5 min bar bo/bd then please don't trade on first 5 min bar bo/bd.
Dear Tlahuicole's has also given the nice answer of your question in his post - http://www.traderji.com/futures/89068-day-trading-nifty-futures-42.html#post856135
HEM
Look at........ opening and close of the first 5 min bar regarding previous day high/low, bo/bd and bof/bdf of previous day high/low by first 5 min bar , bo/bd and bof/bdf of previous day ph/pl by first 5 min bar , comparison of volume of first 5 min bar with previous day's last bars volume, look at candle formation of first 5 min bar like candle body, tail/wick,hammmer, shooting star etc.....
:thumb:and now if you don't feel enough confident to trade on first 5 min bar bo/bd then please don't trade on first 5 min bar bo/bd.
Dear Tlahuicole's has also given the nice answer of your question in his post - http://www.traderji.com/futures/89068-day-trading-nifty-futures-42.html#post856135
HEM
Two more things forgot to add first 5 mim bar bo/bd trade :-
(1) if first 5 min bar closes above yesterday ATP then go long above first 5 min bar high with SL of that bar low.
if first 5 min bar closes below yesterday ATP then go short below first 5 min bar low with SL of that bar high.
(2) if first 5 min bar is WRB( wide range bar) then don't take trade above/below that WRB high/low....... wait for second bar, if second bar closes above/below first bar high/low then take trade above/below that second 5 min bar high/low with SL of that bar.
HEM
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