Ambush Trades - Bank Nifty-1

Started by: Saint001
On: 16 Mar 2009, 13:25 GMT+0530

Number of posts: 154
RSS: New posts
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
BANK NIFTY Intraday-------Ambush Style!!
Forum Trading Methods / Ambush Trades BANK NIFTY Intraday-------Ambush Style!!
Summary:
Attacking the Bank Nifty for some quick gains!
Unfold All | Fold All | +More options
Trading the BANK NIFTY Intraday-------Ambush Style!!
Saint001 16 Mar 2009, 13:25 GMT+0530
This thread is basically putting together all the concepts that we learnt in the smaller classes and utilising it for bigger
gainswe will trade pivot breakouts or breakdowns on the 10min charts,we will trade a monster gap up and fade it,vice versa
for huge gap downs.We will look for kicker patterns,we may also take the help of a few indicators that aid in telling us about
divergencesthis is not a Flow Trade.We are in this to attack for a fast gain,and therefore a bigger quantity.We take
profits off and don't mind if price just goes on and on without us.For that we have the side by side Flow TradesThis is
all about waiting for that opportunity to strike,and when that opportunity arises,it is all about striking hard.
The prey is BANK NIFTYThe predator is US.The Style is Ambush!
All the best!
Saint
Options
Re: Trading the BANK NIFTY Intraday-------Ambush Style!!
kapil123 16 Mar 2009, 13:29 GMT+0530
Great. Looking forward to the ambush style of trading, how the predator takes on the prey
Options
Musicjunkie 16 Mar 2009, 13:30 GMT+0530
Really looking forward to this section. Always wanted to learn those things mentioned above.
Regards,
Your student
MJ-
Options
pchadha74 16 Mar 2009, 13:32 GMT+0530
This is going to be a real eye opener. Use of indicators.never heard it from you before..
Waiting very eagerly now.
Puneet
Options
Satyen 16 Mar 2009, 13:40 GMT+0530
wow waiting eagerly thanks Dear Saint
Regards
Satya
Regards
Satya
Options
prabhjeetrana 16 Mar 2009, 13:46 GMT+0530
Well getting ready for another Feast from Saint
Thanks
The will to win is not nearly as important as the will to prepare to win
Options
Saint001 16 Mar 2009, 14:57 GMT+0530
Took a jab at a short posn at 3730.
Saint
Options
Saint001 16 Mar 2009, 15:24 GMT+0530
Some profits in the intraday miniflow.here,out at 3741
Time Stop
Saint
Options
Saint001 17 Mar 2009, 10:40 GMT+0530
Got into an AMBUSH trade at 3738 short,break of the tailed 10min bar+ doji..
Saint
Options
Saint001 17 Mar 2009, 10:46 GMT+0530
Another reason,and more importantly..have a look at the Volume Charts.talking 5min chartsevery uptrend has
higher volumes than the downtrend or consolidation.Notice this particular bar the 10:35am bar,volume pattern has
Trading With The Flow!!!
The Art of Trading the NOW
Home School Saint's Blog Forum Quick Links Join/Login
Invite Friends
Search this site Search
Create account or Sign in
5/6/2010 Ambush Trades: BANK NIFTY Intraday-------Ambush Styl
tradersaint.com/forum//bank-nifty-intraday-ambush-style 1/20
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
changed.After some time,we have a bearish candle with higher volumes.for this particular tf,the trend has changed for now.
Saint
Options
Saint001 17 Mar 2009, 10:51 GMT+0530
Adding more at 3726
Saint
Options
pchadha74 17 Mar 2009, 11:07 GMT+0530
With stops at 3756+f Sir?
Options
If i'm not mistaken, kindly correct me if i'm wrong, but the 5min is putting up a bear flag? seeing many of these flags everywhere
nowdays.
MJ-
Options
Saint001 17 Mar 2009, 11:33 GMT+0530
With stops at 3756+f Sir?
3764+f,Puneet.careful about position sizing on this one.It moves big,so we have to give it room.So posn size it till no pain is
felt if stops are triggerred.
Saint
Options
Saint001 17 Mar 2009, 13:20 GMT+0530
Yummmmmy move on Bank NF..taking first 1/3 off at 3648.
Saint
Options
Saint001 17 Mar 2009, 13:21 GMT+0530
Moving stops down to 3711 back 2/3rds.means this trade is in definite profits.how much is left to be seen.
Saint
Options
Saint001 17 Mar 2009, 14:26 GMT+0530
Taking 2nd third off at 3612
Saint
Options
Saint001 17 Mar 2009, 14:51 GMT+0530
Out last third at 3648
Saint
Options
That 2nd third off was near the lowsgreat :)
Options
Saint001 20 Mar 2009, 02:39 GMT+0530
Too much to be able to post accurately while trading multiple counters in multiple strategies .Will post charts every day
from now.Easier for memore studies take placeppl who are copy-catting will not burn their fingers!
All the best!
Saint
Options
Saint001 20 Mar 2009, 02:40 GMT+0530
Fold
Fold
Fold
Fold
Fold
Fold
All the best!
Saint
Options
myvineet 20 Mar 2009, 08:58 GMT+0530
wow..saint sir ..really AMBUSHperfect..
thanx
vineet
Options
pchadha74 20 Mar 2009, 09:23 GMT+0530
Really amazing Sirand eye opening too.
But as usual, I have a doubt. Adds in ambush? And also..is the profit booking a pre meditated act or we do it on seeing the bar
movements. I have been following this strategy on Reliance..but was booking profits every few pointsguess that is not
correct.
Pl let us know in your time.
Thanks,
Puneet
Last edited on 20 Mar 2009, 09:26 GMT+0530 By pchadha74 + Show more
Options
neeraj_h 20 Mar 2009, 09:32 GMT+0530
wow.trading can b so simple. thank u saint sir..
Well, the harder I practice, the luckier I get. :) - gary player
Options
Satyen 20 Mar 2009, 09:40 GMT+0530
Thanks you sir realy amzing to know how you manage too lot of thing
Thanks again for the chart yes a chart every day will help us a lot
Regards
Satya
Regards
Satya
Options
kapil123 20 Mar 2009, 09:49 GMT+0530
An eye opener.
Amazing Trades. And you make it look so simple.
There is still a lot to learn.
Options
Saint001 20 Mar 2009, 12:09 GMT+0530
Really amazing Sirand eye opening too.
But as usual, I have a doubt. Adds in ambush? And also..is the profit booking a pre meditated act or we do it
on seeing the bar movements. I have been following this strategy on Reliance..but was booking profits every
Fold
Fold
Fold
Fold
Fold
Fold
Fold
few pointsguess that is not correct.
Pl let us know in your time.
Thanks,
Puneet
Hi Puneet,
Adds on a consolidation breakdown,but as of now ..only 1 ADD.more my comfort levels.In ambush intraday,I get in 2's
and exit in 3's.Of course,if one plays 1 lot only,then exit also in 2's.
Exit 1 because of a bottoming tail and increased volumes.
Great questions as always..
All the best!
Saint
Options
Saint001 20 Mar 2009, 12:11 GMT+0530
Not in ambush trade as of yetwaiting and watching,prowling and eye-ing.
Saint
Options
Saint001 23 Mar 2009, 02:56 GMT+0530
Self explanatory.
Saint
Options
Satyen 23 Mar 2009, 10:41 GMT+0530
thank you sir
Regards
Satya
Regards
Satya
Options
ASHA SHUKLA 23 Mar 2009, 19:43 GMT+0530
Thank you sir. Amazing analysis and trade.
Options
Re: BANK NIFTY Intraday-------Ambush Style!!
Saint001 25 Mar 2009, 01:40 GMT+0530
I couldn't take the trade.the Ambush in Bank Nifty.although had a great time on the same in MiniFlow.So,not posting it.
Saint
Last edited on 25 Mar 2009, 01:40 GMT+0530 By Saint001 + Show more
Options
Saint001 25 Mar 2009, 01:41 GMT+0530
Thanks Asha and Satya for your kind words.:)
Saint
Options
Saint001 25 Mar 2009, 01:51 GMT+0530
Fold
Fold
Fold
Fold
Fold
Fold
Options
iNOW 25 Mar 2009, 06:42 GMT+0530
Hello Saint Sir
For these ambush trades on 10 Min TF, do you use any specific room for filtering BOs.
Thanks
Rajesh
Last edited on 25 Mar 2009, 06:43 GMT+0530 By iNOW+ Show more
Options
Saint001 25 Mar 2009, 21:23 GMT+0530
No Rajesh,simple filtersand not as much as intraday miniflow either.
Saint
Options
Saint001 25 Mar 2009, 21:39 GMT+0530
A "nothing to write about" daybut makes one feel all excited about tomorrow,either direction.
Saint
Options
Flock68 25 Mar 2009, 22:21 GMT+0530
Great method Sir. I hope you will put up some write up on this in the school section when time permits.
Thanks.
Options
amitpethkar 25 Mar 2009, 22:37 GMT+0530
First of all I am really thankful to Saint sir to start such a great thread. The charts posted were simply amazing. I waited for
Today's trades and after waiting for long I thought why not put up my own understanding. Though by the time I marked all the
trades Saint sir already posted the chart. Neverthless I will put my version. Initially I thought we will be going for quick profits,
but after looking at today's chart by Saint sir, I am not yet clear about profit booking. These are just thoughts and I did not
actually trade.
I am eagerly waiting for the feedback.
Options
m_senthil 25 Mar 2009, 23:00 GMT+0530
Great posts Saint Sir and amitpethkar Can someone just let me know what is the brk down bar failure?
Thanks.
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Options
My understanding as follows. Wait for Saint sir for authentic answer.
Breakdown failure in todays case was that it tried to break below days low but could not instead started consolidating. We had
already broken first 5 min bar high with very good volume and the bar closed as WRB.
Still market could not move up, it consolidated and made another attempt but could not get past days high, which was a
breakout failure. Now it came crashing down and if you look at 30 min there is WRB with good volume. Now we expect days
low to be taken out with volume instead we see that momentum dried up and gave a positive WRB and few sideways bars on
10 min. There are some times in the market when we expect something to happen with high probability (because otherwise the
trend is in question) and then it does not then its a sign that something is wrong, which signals us for breakout/breakdown
failures.
Please refer Saint sir's chart on 20 March where he has shown breakdown failure example and how to identify it.
Options
Saint001 25 Mar 2009, 23:27 GMT+0530
Excellent Amitgreat stuff.In total agreement with your trades.My reaction was not to go over that double dojiso
reversal was a bar later.But fully agree,that is the place to have reversed.
Well done,Amit,and a warm welcome to the Flow!!
And let's ambush this thing together tomorrow:)
All the best!
Saint
Options
Smart_trade 26 Mar 2009, 08:17 GMT+0530
Excellent trades Amit..Sound reasoning..well done.Bank nifty is a good counter to trade
in ambush style as it has a good ATR and trends well.
Best Wishes,
Smart_trade
Options
neeraj_h 26 Mar 2009, 10:00 GMT+0530
great stuff amitmakes it look like so simple..
sir can we hav some basic collection of what all to tradesome patterns discussedtf etc.
sir seems to b simpleas all ur teachings :) u made it so simple fr a normal hard working person to trade in dis difficult stock
mkt.
please teach ambushsome quick trades :)
will try to post some basic paper trades here ambush style..
regards
neeraj
Options
neeraj_h 26 Mar 2009, 10:04 GMT+0530
so tf is 10 minuteokk.
Options
m_senthil 26 Mar 2009, 10:18 GMT+0530
Thanks Amit got it now.
Options
Saint001 26 Mar 2009, 11:37 GMT+0530
BANK NIFTY AMBUSH:Yummy looking sideways consolidation on the 10min chartsIt's gotta do something from
here.Either way,it's gonna be yummy.Still on Prowl Mode.
Saint
Options
Satyen 26 Mar 2009, 11:44 GMT+0530
Thanks ..
Regards
Satya
Regards
Satya
Options
Saint001 26 Mar 2009, 11:48 GMT+0530
Neeraj,
Time frame is 10minsPerspective charts :Nothing..Setup:Pattern,Sideways consolidation,a simple pause in
price(like 2-3 dojis after a bearish candle,etc)..Entry:Breakdown/breakout from this pattern/consolidation..Stops above
the pattern/consolidation.Any other criteria to look at:Volumes( a big post in itself).Filters:Smallish,in
comparison to MovFils,etc).Position Sizing:Much bigger because of smaller stops.Reversals:Not
necessary,free to if want for another ride.Attitude:To ride the Trend and enjoy the Ride,To prowl and prowl,and attack
only once one is ready.Ah,yes,Intraday,as in close at eod.
Sorry to put it like this..Will be putting it all up later in correct form.
All the best!
Saint
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Options
Wonderful posts from Amit, where were you man, never had a chance to interact with you, Excellent !!
Options
Saint001 26 Mar 2009, 11:50 GMT+0530
and here comes the breakout.
Saint
Options
Time frame is 10minsPerspective charts :Noting..Setup:Pattern,Sideways consolidation,a
simple pause in price(like 2-3 dojis after a bearish candle,etc)..Entry:Breakdown/breakout from this
pattern/consolidation..Stops above the pattern/consolidation.Any other criteria to look
at:Volumes( a big post in itself).Filters:Smallish,in comparison to MovFils,etc).Position
Sizing:Much bigger because of smaller stops.Reversals:Not necessary,free to if want for another
ride.Attitude:To ride the Trend and enjoy the Ride,To prowl and prowl,and attack only once one is
ready.Ah,yes,Intraday,as in close at eod.
All the best!
Saint
Thanks for explaination Saint
Options
neeraj_h 26 Mar 2009, 11:55 GMT+0530
sir got long at what levelno filters usage .? 3 - 4 pts.
didn saw above post .. thank u saint sir..eagerly waiting for ur post :) will try to do some backtesting on
it..hav been watching ban nifty for a while nowyummy 60 min flow tradesand 1 way moves :)
regards
neeraj
Last edited on 26 Mar 2009, 11:58 GMT+0530 By neeraj_h + Show more
Options
Saint001 26 Mar 2009, 11:56 GMT+0530
Neeraj,
Entry over 4200+f,using small filter.
Saint
Options
Saint001 26 Mar 2009, 12:00 GMT+0530
Wownice moves in BOI!
Stops at the low of the WRB breakout(in BANK NIFTY)
Saint
Options
neeraj_h 26 Mar 2009, 12:05 GMT+0530
:) nice trade.nice attack
Options
Saint001 26 Mar 2009, 12:15 GMT+0530
Out a third at 4245..Taking profits off at 1:1
Saint
Options
neeraj_h 26 Mar 2009, 12:19 GMT+0530
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Options
Saint001 26 Mar 2009, 12:21 GMT+0530
Ah,Thanx,Neeraj!!
Saint
Options
neeraj_h 26 Mar 2009, 13:06 GMT+0530
trailing sl to 4206 -sf i hope
Options
Saint001 26 Mar 2009, 13:34 GMT+0530
Exitted all at 4235
Saint
Options
Saint001 26 Mar 2009, 13:38 GMT+0530
No entry short as yet..waiting for now.Sitting on Hands for now.
Saint
Options
Saint001 26 Mar 2009, 14:25 GMT+0530
Short below 4235 and looking to add below 4220
Saint
Options
Saint001 26 Mar 2009, 15:15 GMT+0530
Stopped and reversed and taking off profits now..will put it up at end of day.
Saint
Options
Saint001 26 Mar 2009, 15:28 GMT+0530
So,nice long trade.stopped out on the short trade..another nice long trade with add.
More straight forward than yesterday.
Saint
Options
Kaiser123 26 Mar 2009, 15:39 GMT+0530
Hello Saint,
Great going.BankNifty is turning out to be money fetcher. :-) helping hands from bank to get the bank account filled :-)
In 60 min, 5/60 as well
Thanks
Kaiser
Last edited on 26 Mar 2009, 15:40 GMT+0530 By Kaiser123 + Show more
Options
SacredOcean 26 Mar 2009, 16:44 GMT+0530
Hello saint sir,
thank you very much for this beautiful thread.
do we consider previous day's data for ambush style.
i mean if market opens in range of a triangle that continues from previous day and the second bar of the day
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
breaks the triangle on any side, , , do we consider such situations valid, or we only depend on current day's
candles.???
one more thing, do we add in pyramid style or just like flow trades, the same quantity?
thanks for support,,,
Last edited on 26 Mar 2009, 17:15 GMT+0530 By SacredOcean + Show more
Options
do we consider previous day's data for ambush style.
i mean if market opens in range of a triangle that continues from previous day and the second bar of the day
breaks the triangle on any side, , , do we consider such situations valid, or we only depend on current day's
candles.???
one more thing, do we add in pyramid style or just like flow trades, the same quantity?
Yes in my view as the markets are continuous,patterns are continous but as trader's attach more weight to today's action
patterns formed today are more potent.
Ambush style is hit and run kind of styleit has tight and small stops so our initial quantity is more than what we would do in
flow trades,we may add 1/2 the initial quantity but the style here is take a trade,add quickly and close the trade the moment
market stops going in your way.
Best Wishes,
Smart_trade
Last edited on 27 Mar 2009, 09:34 GMT+0530 By Musicjunkie + Show more
Options
Ah.thanks mj, what will I do without you my friend
ST
Last edited on 27 Mar 2009, 10:22 GMT+0530 By Smart_trade + Show more
Options
Always welcome ST Sir
MJ
Options
Saint001 27 Mar 2009, 12:41 GMT+0530
Sacred Ocean,
My views same as ST's.I take not just today into consideration,but last few days as well.Patterns tend to take days to
form,so that entire view is taken,and therefore the breakouts bought.Not so in MiniFlow where only today is taken into
consideration.
And yes,adds for me in ambush is like :Initial Posn 2 lots,Add 1 lot,..not same sizes.
Saint
Options
SacredOcean 27 Mar 2009, 15:11 GMT+0530
thank you saint sir and st sir
Options
Sorry guys. I was out of station so could not participate.
Thanks for all the feedback. Saint sir's appreciation has given me a boost.
Frankly, I did not expect such a great response and its great to see that it spurred interest of some of the experienced folks. I
am still a beginner and in the race to be a PRO. You guys are much ahead in the game. I have learnt a lot from all of you and
will still continue to extract as much as I can.
Thanks,
Amit
Options
Breakdown failure.
In the morning it was nice short after a consolidation break. Nice trend.
Options
Go long abv bar with tail. Sorry cant post chart
Options
Saint001 30 Mar 2009, 15:28 GMT+0530
Yum,yum,yummy day.will post today's trades in the night.
Saint
Options
manojkch 30 Mar 2009, 17:59 GMT+0530
Thanks Saint Sir for starting this thread with nice explanatory charts. Thanks to ST / Neeraj / Amit /Prabhjeet For contributing
and helping to understand the concept.
My little doubt (Explained in this thread but still I am not very clear with it)
1) Where we place the stops? Is it at breakout candle low (considering long), for eg : taking Triangular pattern breakout, or
latest pivot low on 10 min or lower support line of triangle.
Fold
Fold
Fold
Fold
Fold
2) Do we reverse the trade on pattern fail? What is the criteria to consider the pattern is failed i.e. considering the above
example of triangle breakout, will it be treated as failed pattern if the lower support line of the triangle breaks or when the
breakout candle low is broken?
Hope I am able to convey what I want to say.
Thanks & regards
Manoj
Last edited on 30 Mar 2009, 18:01 GMT+0530 By manojkch + Show more
Options
Stop will depend upon what we trade
1. consolidation high or low if we trade consolidation break.
2. If we trade failed breakout/breakdown then it could be the break high/low or if you trade consolidation after the failure then it
would be consolidation high/low.
Failure is something we expect to happen with high probability but it does not. So it could lead to reversals or sideways move
or it will be failure of failure like on 26th we went short on breakout failure but the downside momentum fizzled out in the same
bar we entered. Thats not a good sign, so now we will trade the failure of breakout failure, so we reversed to LONG now that it
could not go down. I hope I am not complicating.
Yes, we will trade patterns, failed patterns, breakouts, breakdowns and their failures. As Saint sir mentioned we are the
predators, ready to attack whenever we sniff a chance. Now this is easier said than done, but once we have a lot of charts
eyeballed and seen realtime price action, you will develop a feel. Again to keep it simple - we want the trend to continue and it
can't when the momentum stalls. So either it continues or reverses.
I hope all this makes sense.
Thanks,
Amit
Options
Saint001 30 Mar 2009, 22:13 GMT+0530
Took an additional add as it is a reversal of previous trend.Day 1.And very nearly a Bearish Kicker Pattern on the Daily
Candlestick Charts..Therefore more aggressive.Took the first entry after 4 mins noticing that the bar is closing below pivots
and a definte bearish candle.All else self explanatory.
Very easy dayall out by end of day.
Today's gap down negated the entire day's gains on FridayFriday bulls are trapped,Thursday and before bulls are in hope
and pray mode.We capitalise on this shock and add and add our exits are on a pivot break.Nothing much happened
through the day.
All the best!
Saint
Options
myvineet 30 Mar 2009, 22:32 GMT+0530
excellent trade sir
i am just reading about bearish kicker pattern yest in foundations & today market shows this to me..
thanx & regards
vineet
Options
Thanks for the chart Sir. Very nice attack and mouthful feast!!!
I need to read about this bearish kicker pattern. Nice to know something new which is useful.
Thanks,
Amit
Options
Breakout failure in the morning. Short the break of first 5 min bar low. Adds in the process and book profits when we tails
forming.
Bar making days low converted into hammer and closed positive which is sign of possible trend change but we dont preempt
here, instead wait for thr right time. Then we got a candle with bearish close and the next one gave +ve close inverted hammer,
now this is a sign that trend is exhausted and break of the high that bar is long.
Saint sir any comments, changes?
Fold
Fold
Fold
Fold
Fold
Fold
Options
Saint001 31 Mar 2009, 12:48 GMT+0530
Thanks for the chart Sir. Very nice attack and mouthful feast!!!
I need to read about this bearish kicker pattern. Nice to know something new which is useful.
Thanks,
Amit
I have loved trading it each and every time it happens.happened a few times already.Nice one to capitalise on.And works
each time.
Saint
Options
Saint001 31 Mar 2009, 12:53 GMT+0530
Amit,
Great ambushnothing to add except to say:Great Stuff,my friend.
Saint
Options
Saint001 31 Mar 2009, 14:26 GMT+0530
Ambush traders have an opportunity to add once this ascending triangle breaks to the up.and a new entry for those who
have already exitted all with sweet profits.
Of course,the other possibility is a failure..suits us just fine either way.
Saint
Options
Saint001 31 Mar 2009, 14:51 GMT+0530
Hope whoever is trading this style caught that breakout from the asc triangle.
Saint
Options
MaxX-Breakout 31 Mar 2009, 15:41 GMT+0530
Yes, did enter long again there :) How did you handle the profit booking though before the fall back to those levels?
I try profit booking at important levels (or looking at the 2 min charts), but many a times, the price keeps moving past it soon
enough, making me feel bad that I closed part of the position!
Options
amitpethkar 1 Apr 2009, 00:14 GMT+0530
I have shown a short inside ascending triangle in the chart because I take it as a breakout failure, which eventually failed i.e.
failure of failure which is strong sign that earlier trend might continue so we reverse to longs on breakout. Some of you might
not have taken above short.
Saint Sir,
You mentioned usage of indicators in ambush. Could you please throw some light on what indicators and for entry or exit or
both? I think we can use indicators for profit booking (ones which become overbought/oversold - maybe RSI, STOCH or
combination)
Thanks,
Amit
Options
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Saint001 1 Apr 2009, 02:35 GMT+0530
Hi Max,
I took profits at the 4165-4170 area,resistance area..if price had taken off and made higher highs ,well,I still have more with
me.Took the rest off wnen price moved back towards the triangle.
No,I never use 2min chartstoo much of scratchy movement.The lowest I look at is the 5min charts.
But great to hear that you had taken the long as wellgreat going.
And a warm welcome to you..looking fwd to your posts.
All the best!
Saint
Options
Saint001 1 Apr 2009, 02:40 GMT+0530
Amit,
Trade 1 same as yours,Trade 2 same as yours except that I took half off at resistance,which went on to make that asc
triangle,and readded half on a breakout from there.Took profits off in the 4165-4170 area.And back half once price moved back
to that triangle.Tried a Trade 3 shorting the breakdown,nothing much from that trade.
But 2 good moves in a day.love days like this when we get trend moves in both directions.
We will talk about the indicators part later,Amit.great going on a super day!!
All the best!!
Saint
Options
Thanks Sir. It gives me a great feeling that my thought process resonates with a PRO.
As you mentioned, really nice days with hardly any chops.
Thanks,
Amit
Options
uthuman 1 Apr 2009, 11:10 GMT+0530
20mts chart gives ph and pl is forming it seemsany entry so far triggered?
uthuman
Options
Waiting for consolidation to present chance to SHORT. Also if it fails to go down then ready to attack on the LONG side.
Thanks,
Amit
Options
Looking at Saint sir's trade on Monday he may have pounced on short in the first bar itself. It gapped up and then came
crashing down breaking the pivot in the process. Now looking to ADD.
Thanks,
Amit
Options
MaxX-Breakout 1 Apr 2009, 11:35 GMT+0530
Thanks for the welcome Saint.. it is because of you that I got interested in trading in the first place :)
PH is broken on 10 min chart.. I am currently long.. today seems to be a tough day till now!
Last edited on 1 Apr 2009, 11:43 GMT+0530 By MaxX-Breakout + Show more
Options
Saint001 1 Apr 2009, 14:37 GMT+0530
Ah..an old friend with a new name.great to hear that..
Only one trade so far..on the longnothing else and a nothing much day.
Saint
Options
Im new to the ambush method.. putting a chart up as to how I took the trades today. I actually did 3 trades, with the second
one being a whipsaw sort of trade (maybe I was too aggressive). Saint, can you tell me where you kept your SAR for your
trade? Would love some comments !
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
My Trades -
Trade 1 - Long above the 10 min pivot high (blue line). The price goes up with all green bars and then finally after a WRB we
have a bearish candle and then another one with almost the same lows.
Trade 2 - I then short below those 2 candles.. triggers, goes down and then some sideways movements, but forms a lower PH.
Trade 3 - Long again above the PH, hold till EOD.
Also cant wait to learn about how you use indicators n such for profit booking :) This method seems to suit me perfectly!
Options
In your first post you had mentioned fading huge gap ups.. I guess today's gap is one of them? :)
Options
First 5 min bar closed good. Narrow consolidation going on. Lets see if we get Long entry here.
Options
Yep.. I am long again (small quantity) .. :)
Options
Good profits on the long as well as short side today :) Happy weekend guys!
Options
Today's trade - No longs because did not get any consolidation that was yummy enough. Finally got a SHORT because it was
tired of going up may be people booked profits due to long weekend which led to this fall. Who cares!!!. as long as the
attack fetches us nice profits.
Thanks,
Amit
Options
manojkch 3 Apr 2009, 16:04 GMT+0530
> quoted text
Stop will depend upon what we trade
1. consolidation high or low if we trade consolidation break.
2. If we trade failed breakout/breakdown then it could be the break high/low or if you trade consolidation after
the failure then it would be consolidation high/low.
Failure is something we expect to happen with high probability but it does not. So it could lead to reversals
or sideways move or it will be failure of failure like on 26th we went short on breakout failure but the downside
momentum fizzled out in the same bar we entered. Thats not a good sign, so now we will trade the failure of
breakout failure, so we reversed to LONG now that it could not go down. I hope I am not complicating.
Yes, we will trade patterns, failed patterns, breakouts, breakdowns and their failures. As Saint sir mentioned
we are the predators, ready to attack whenever we sniff a chance. Now this is easier said than done, but
once we have a lot of charts eyeballed and seen realtime price action, you will develop a feel. Again to keep
it simple - we want the trend to continue and it can't when the momentum stalls. So either it continues or
reverses.
I hope all this makes sense.
Thanks,
Amit
quoted text
Thanks a lot Amitji for your detailed and clear explanation! Understood everything what you want to say!
Best Wishes
Manoj
Last edited on 3 Apr 2009, 17:30 GMT+0530 By Musicjunkie + Show more
Options
stockhunter 3 Apr 2009, 18:33 GMT+0530
Hi - what is this strategy - where can i read the rules?
Cheers
SH
Options
Fold
Fold
Fold
Fold
Fold
Fold
Time frame is 10minsPerspective charts :Nothing..Setup:Pattern,Sideways consolidation,a
simple pause in price(like 2-3 dojis after a bearish candle,etc)..Entry:Breakdown/breakout from this
pattern/consolidation..Stops above the pattern/consolidation.Any other criteria to look
at:Volumes( a big post in itself).Filters:Smallish,in comparison to MovFils,etc).Position
Sizing:Much bigger because of smaller stops.Reversals:Not necessary,free to if want for another
ride.Attitude:To ride the Trend and enjoy the Ride,To prowl and prowl,and attack only once one is
ready.Ah,yes,Intraday,as in close at eod.
All the best!
Saint
Dear SH, Nice to see you here and thanks to your RSEXstrategy mentioned in Icharts Forum. Please do share it here too for
the benefit of the TraderSaint members.
The above mentioned rules (in short) mentioned by Saint Sir along with charts and discussion in this thread will suffice to
understand the strategy. If still you have doubts, our all expert seniors in this thread are always there to help you.
Best Wishes
Manoj
Last edited on 3 Apr 2009, 19:30 GMT+0530 By kapil123 + Show more
Options
kapil123 3 Apr 2009, 19:29 GMT+0530
Hi - what is this strategy - where can i read the rules?
Cheers
SH
A warm welcome SH.
The trading methods being followed are all about the concepts covered under the Foundations.
The details about these are given in Foundations Section and for implementation you can checkout School > Foundations >
How to implement these in trading. This can be selected through the top navigation bar.
And moreover each day the trade setup that is taken is discussed here in this thread.
Kapil
Last edited on 3 Apr 2009, 20:33 GMT+0530 By kapil123 + Show more
Options
Hi Manoj,
I am really glad that my explanation helped you. Please dont put ji next to my name I dont deserve thatIts Saint sir who is
so humble and selfless to share another gem that I wish this quality rubs on to me. He has opened another can of strategy and
I try to put whatever little I know.
This "ji" makes me feel old I am just 28 yrs old yar ;) and we are friends here.
Thanks,
Amit
Last edited on 4 Apr 2009, 17:09 GMT+0530 By amitpethkar + Show more
Options
Thanks Amit. So nice of You! You deserve it "Ji" ! Age is no bar! Yes we all here are good friends.
And very true! He is the only SAINT who not only taught us such beautiful strategies but also to be a good human being. I think
this is his The Greatest contribution! Many of us are continuing his tradition to share the knowledge selflessly and the day is
not far when everyone on this earth will be following this tradition to make a beautiful society only because of SAINT.
Thanks a million to him!
Manoj
Last edited on 5 Apr 2009, 21:31 GMT+0530 By manojkch + Show more
Options
Saint001 8 Apr 2009, 09:48 GMT+0530
Thank you for your kind words,Amit/Manoj..
Saint
Options
Saint001 8 Apr 2009, 09:49 GMT+0530
Saint
Options
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
beethovenwithsaint 8 Apr 2009, 10:02 GMT+0530
Saint,
Kindly explain what made you exit at EXIT 1 above?
Thanks
Bee
Options
Saint001 8 Apr 2009, 10:14 GMT+0530
Hi Bee,
a.Price has put in a move of 100pts,taking in both add 1 and initial put together.Pocket it.
b.Price is approaching an area of support,and a bounce is expected off it.Pull some off and pocket it.
Saint
Options
Thanks Saint Sir,
b.Price is approaching an area of support,and a bounce is expected off it.Pull some off and pocket it.
The support area I could have only judged after the next bullish bar was made. But I am interested to know how you could judge
the support area before this bullish bar was made. Three very strong bearish bars and you exited bang at the end which is what
I want to know, how you got this exit. Normally after such a strong close one expects the fall to continue.
or did you exit after the bullish bar was made?
Bee
Options
neeraj_h 8 Apr 2009, 11:00 GMT+0530
will take a ambush at 10 min pivot high..
Options
Smart_trade 8 Apr 2009, 11:05 GMT+0530
The support area I could have only judged after the next bullish bar was made. But I am interested to know
how you could judge the support area before this bullish bar was made. Three very strong bearish bars and
you exited bang at the end which is what I want to know, how you got this exit. Normally after such a strong
close one expects the fall to continue.
or did you exit after the bullish bar was made?
Bee
Bee,
It has been my observation that mkt goes sideways or takes a correction after 5 bars of trending in any direction. Always if you
are short,it is a good idea to take some profit in 4th bar dip or the 5th bar. This gives you a great profit booking entry when
nobody is expecting a correction against our existing position.
Best Wishes,
Smart_trade
Last edited on 8 Apr 2009, 11:10 GMT+0530 By Saint001 + Show more
Options
Saint001 8 Apr 2009, 11:14 GMT+0530
Thanks ST,and great going!!
Saint
Options
Thanks a lot Saint/ST,
We learned something new today:-)
Regards
Bee
Last edited on 8 Apr 2009, 11:17 GMT+0530 By beethovenwithsaint + Show more
Options
Smart_trade 8 Apr 2009, 11:21 GMT+0530
Bee ,
You will be surprised to see this 5 bars phenomenon on any timeframe. See it on 10 min,30 min and also 60 min TF. In fact
this is one of the profit booking technique in some system. I can name the system but dont want it to cause any confusion
here.
But I am also surprised to see mkt going in correction mode ( not necessarily trend change mode ) in various time frames from
10 min to daily charts after 5 bars of trended move.
ST
Last edited on 8 Apr 2009, 11:24 GMT+0530 By Smart_trade + Show more
Options
Musicjunkie 8 Apr 2009, 11:27 GMT+0530
Thanks ST, didn't know about this 5 bars profit booking technique. Thanks.Although I do have a vague memory of you
mentioning it sometime back
Including it in my arsenal of trading tools.
Regards,
MJ-
Options
Fold
Fold
Fold
Fold
Fold
Saint001 8 Apr 2009, 11:27 GMT+0530
Bee,
About the "support" part of your query..not to forget that ambush trades are looking at past 2-3 weeks of charts as
well.Draw your strong support and resistance lines from back then.Major turning points,not every little move.
Just to impress the importance of these pointswe have multiple bars down in our favour,reward now at 2:1 on risk on both
positions,an area of bounce approaches.We therefore pocket some.
Saint
Options
Satyen 8 Apr 2009, 11:31 GMT+0530
Thanks dear Saint And ST hmmm new 5 bar concept .. thanks again
Regards
Satya
Regards
Satya
Options
Thanks Again Saint/ST
I see now and feel lots is still there to learn. Plus all this on a 10 minute time frame!!!! Guess I have miles to go before I
sleep!!!!!hahaha
Bee
Options
Saint001 8 Apr 2009, 11:50 GMT+0530
Thanks Again Saint/ST
I see now and feel lots is still there to learn. Plus all this on a 10 minute time frame!!!! Guess I have miles to
go before I sleep!!!!!hahaha
Bee
:) :)
Saint
Options
Saint001 9 Apr 2009, 00:48 GMT+0530
Fold
Fold
Fold
Fold
Fold
Good day..straight forward day.
All the best!
Saint
Options
uthuman 10 Apr 2009, 14:17 GMT+0530
Thanks saint for the ambush trading style for Bank nifty on 10mts timeframeReally mouth wateringwaiting for the Monday
trade
uthuman
Options
manojkch 11 Apr 2009, 11:25 GMT+0530
Thanks a lot Saint/ST/Bee/MJ/Amit and all for such a beautiful strategy and explanations!
Best Wishes
Manoj
Options
Saint001 11 Apr 2009, 13:19 GMT+0530
Most welcome,Manoj!
Saint
Options
Saint001 11 Apr 2009, 13:20 GMT+0530
Options
Niftyrider 11 Apr 2009, 13:31 GMT+0530
thnx saint for the crystal clear view.
Options
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Saint001 11 Apr 2009, 13:34 GMT+0530
Most welcome,NR
Saint
Options
Thanks for the charts and crisp explanation, Sir!!!
Thanks,
Amit
Options
uthuman 12 Apr 2009, 15:44 GMT+0530
Thanks saint for the chart and explanation
uthuman
Options
m_senthil 12 Apr 2009, 19:59 GMT+0530
Thank you very much Saint..
from the humble beginnings of using only the patterns to the current stage of looking for the important pivot levels in addition to
pivots/patterns
also, not to forget MJ's blog on volume analysis / resting bar relishing the learning here in this forum
slowly understanding the price action.. be it the 60 min chart or the 10 min chart
Thanks a lot again Saint. Words are not enough to praise the efforts of everyone contributing to this forum.
Options
Saint001 13 Apr 2009, 09:35 GMT+0530
Most welcome Senthil/Amit/Uthuman.
Saint
Options
saint sir,
i thnk bank nifty long taken.
as pivot crossed of 10.10am and trend continous signal also isnt it?
sar =pivot low or anythng else?
plz guide
Options
neeraj_h 13 Apr 2009, 11:17 GMT+0530
yesi will take PL as SARwill b ambushing dere :)
Options
Saint001 13 Apr 2009, 11:31 GMT+0530
NR,
Yes,went long over pivot high..but will reverse and go short if this pivot low breaks as well.
All the best!
Saint
Options
again a doji like pattern and sideways , head n shlder too.
Options
thnx saint sir and neeraj.
actually i was trading 1st time in ambush style.
Options
Saint001 13 Apr 2009, 11:59 GMT+0530
NR,Observe each new pivot high made on lower volumes.took profits off 4815 area at resistance point.
Saint
Options
yes saint sir booked @4812
Options
Something abt to happen .. narrow range bars LONG abv days high and short below latest 10 min PL.
If LONG triggers and fails then we will look to short the brkout failure. Vice versa for brkdown failure.
Options
site-name .wikidot.com Share on

Join this site Explore
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Fold
Saint001 13 Apr 2009, 14:14 GMT+0530
Good attitudethe"something abt to happen" be prepared for either scenario,stay unbiased,get ready to react either way
the move takes us.
Saint
Options
bank long trgrd @ 4825 pivot
Options
Saint001 15 Apr 2009, 11:00 GMT+0530
So far,not in any ambush tradesthat first move happened after a gap below pivots.Better to wait for pivots rather than
anticipate a move either direction.
Now we getting pivots on the 10Long over the high made at 10:30 +f
Saint
Options
SAINT SIR
i want to clear some doubts
1. wait for bar to complete or just enter whenever our target in range(brkout or brkdown anything +-filter)?
booked bank @4880
didnt shorted. it was good for short. if yes which bar plz guide??
Options
Saint001 15 Apr 2009, 11:52 GMT+0530
Yes NR,now in short posns.below the 11:30 am bar low-f
If you don't see it clearly on 10,have a look at 5 for greater clarity.
Saint
Options
Saint001 15 Apr 2009, 11:55 GMT+0530
No NR..If price breaks past the previous pivot high,you are in.No waiting for that bar to complete.If price then falls after
that,action to the reverse if necessary
Saint
Options
thnx sir cleared.
for short it was 11.25am bar? as per 5 mnts pivot.
Options
Saint001 15 Apr 2009, 12:20 GMT+0530
Yep,NR,Below the low of the 11:25am bar..so far bk nf not looking like it's ready for a move on though.
Stops to be adhered to as always.
All the best!
Saint
Options
Musicjunkie 15 Apr 2009, 12:36 GMT+0530
If I'm not mistaken should be long now at 4875+Filter
MJ-
Last edited on 15 Apr 2009, 12:36 GMT+0530 By Musicjunkie + Show more
Options
why 4875. side ways mvmnt in 5mnts and brksout @4868 12.20 pm bar
Options
Saint001 15 Apr 2009, 14:10 GMT+0530
More correct would have been 4840 over the breakdown bar failure on 10but personally reversed over 4862+f over the high
of that WRB.
Saint
Options
Saint001 15 Apr 2009, 14:55 GMT+0530
Closing this thread .Let us carry on this discussion here http://tradersaint.com/forum/t-147180/ambush-ing-anything-
juicy#post-449575 where we will be targetting not just Bank Nifty but other stock futures as wellanything that is just
waiting to be attacked,we will do just that.All except NF which I am leaving to MJ in his thread.
Will talk about it later.
Saint
Options
Help | Terms of Service | Privacy | Report a bug | Flag as objectionable
UCLan Computing Skeittisaitti Olive Branch Christian
Church
Growi ng together i n Chri st . . .
natural l y
Hockey for Youth Coaches
Dri l l s, Ski l l s, Vi deo's, and
Addi ti onal Resources
New Post
Powered by Wikidot.com
Other interesting sites
Ads by Wikidot. Click to advertise here.
Saint001 13 Apr 2009, 14:14 GMT+0530

Ambush Trades - Bank Nifty-1

Transféré par

Informations du document

Titre original

Copyright

Formats disponibles

Partager ce document

Partager ou intégrer le document

Options de partage

Avez-vous trouvé ce document utile ?

Ce contenu est-il inapproprié ?

Droits d'auteur :

Formats disponibles

Ambush Trades - Bank Nifty-1

Transféré par

Droits d'auteur :

Formats disponibles

Started by: Saint001

On: 16 Mar 2009, 13:25 GMT+0530

Vous aimerez peut-être aussi