Ambushing Anything And everything -- 6th August 09 onwards

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 14 Aug 2009 07:13:09 +0000

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Kapil

Re: Ambushing Anything And everything -- 6th August 09 onwards

Tue, 11 Aug 2009 05:19:42 +0000

moving stop to 10.30 bar low… at least initial stop will not hit now :)

Re: Ambushing Anything And everything -- 6th August 09 onwards

Tue, 11 Aug 2009 05:08:06 +0000

Late post:
long in renuka

a bit confused about this trade,,, no clear pivot yet so keep stop at 10:10 low

Re: Ambushing Anything And everything -- 6th August 09 onwards

Tue, 11 Aug 2009 05:05:47 +0000

Late post:
long in renuka

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 09:41:32 +0000

can someone tell me what kind of filters should be used for ambush trades in stocks ranging from 200 to 500.
if dont wont discuss filter issue here then pls send me PM.

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 09:38:40 +0000

Thanks Prasun
yes sir, i am trading in cash only with very small account and risk per trade of only 180rs.

will pay more attention to eod analysis….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 09:11:29 +0000

SO,

Capital is an issue.. but its not the main issue.
You can go to the cash market and then do the trading …

The main issue is psychology and MM… if you do not follow MM then you will always feel the pain if SL is hit.

For Ambush Trade, every day before trading always look at the daily chart of the stock/future you are going to ambush. This is extra to Hourly/30min or whatever chart you look during trading.

regards,
Prasun

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 08:00:18 +0000

couldnt resist long in bajajhind.

stop hit

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 07:49:11 +0000

HDIL set up for LONG and short both. 60 min Brkdown failure for LONG and imp res at 262 getting tested 4th time.

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 07:40:11 +0000

Thanks a lot neeraj for your help…. yes i am probably not well capitalized….. psychology is the biggest problem….
money management i have understood at some extent. biggest problem is choosing right trades… more then 70% to 75% go against me
and end in loss. once i have some good trades i know will get some confidence.

before i took sesa short this morning also took it long before that at break of 1015 bar. it took my filter and gave me exatly at the high.
then i got stopped out at 1035 low and reversed with it. so infact i had 3 stop hits today…. then i took this bajajhind which i thought could be a good one…. but stoped moving up when all others were going……

the early morning trade of sesa couldnt post due to electricity failure.

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 07:20:07 +0000

SO….it is completely fine…..lukout for reversals also…….and trade as if 20 trades in a row can go wrong…………i think u not capatilized well…..and ur psychology giving harm to ur trades…….i know shorts u entered late and did nt workout…..but longs…. ?? u were to take trade without knowing it will work or not…doing a bit of analysis….risk reward money managment….and dere u go…..if 1st two did nt work out…pat urself…coz u followed the right thing….u did money managment….u entered using pivots and stopped using 1…..but 2nd right trade u did nt take….which is doing well till nw…..stops r very low…u just follow dem….

go thru saint's sirs blog….

I HAVE FEW THINGS WRITTEN ON MY DESK……DUN FOLLOW DEM RIGIDLY…..BUT IT HELPED ME A LOTT….SIMPLE AND SMALL THING…BUT IT HELPED ME DEVELOP MY PSYCHOLOGY..

1) KEEP 'I' OUT
2) PRICE ACTION ONLY (NO IF'S ANF BUTS) IT IS EVERYTHING….
3) PH/PL BREAK ? TAKE TRADE
4) CHART PATTERN ?
5) TAKE POSITION
6) TRAIL SL TO SAFER PLACE
7) CUT LOSS AT SL
8) LET PROFITS RUN
9) NEVER PLAY WITHOUT FILTER
10) QUICK PROFITS AGAINST DIRECTION, ;LET SOME POSITION STILL RUN
11) DONT TRADE ON UNCERTAIN NEWS DAYS…OR TRADE VERY LITE

ALWAYS MAINTAIN A LEDGER OF UR TRADES….WITH

DATE,STOCK,LONG OR SHORT,ENTRY,EXIT,%AGE P/L

TAKE 20 TRADES…right trades… SEE THE RESULTS….EVEN WITH 50 % SUCESS U WILL SEE WONDERS IF U FOLLOWED SIMPLE RULES..AND TAKE RIGHT TRADES….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 07:19:47 +0000

couldnt resist long in bajajhind.

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 07:03:12 +0000

where'd u enter jp shorts SO ?

it was below the mini pivot with small stop…..1010 bar.

i Entered both jp and sesa at 1035 bar low neeraj

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 06:58:58 +0000

SO LUk at jp….a nice ph was formed…with validity…..now a long with nice risk reward…….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 06:57:01 +0000

where'd u enter jp shorts SO ?

it was below the mini pivot with small stop…..1010 bar.

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 06:55:42 +0000

SO…i am bad at entering at 1st 5 min bars…unless sumthing tooo hot to miss……..so for me pivots all d way…..so dlf also made a pivot…and tisco also made a pivot…and i shorted below it…tisco….dlf was shorted by MJ….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 06:53:47 +0000

short in JP and Sesagoa

and as always happens with me JP initial stop hit and sesa on its way to stop.
shatered and broken psychologically no more trades for the day.

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 06:53:22 +0000

now in morning i piked axis coz…it was in sell mode long b4 other banking stocks came…so more profit for shorters…..1) dey wud wanna book profits now with more force.and buyers may also come…..so more strong force…..now its d banking stock dat caught all bears in action….and gave exactly the move as expected…..

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 06:51:10 +0000

if 60 min flow is down and market opens with gap on upside as it did today…..
do we consider first 5 min bar low to go short or wait for a lower pivot?
i missed both dlf and tisco coz of this dilema….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 06:49:06 +0000

DLF BOUGHt….and rcap eying…….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 05:58:46 +0000

short in JP and Sesagoa

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 05:49:30 +0000

YOO……..sweet days ….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 05:17:26 +0000

shorted DLF, added 1….as i write this we have broken down
Holding shorts in tatasteel as well

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 05:11:35 +0000

tata steel shorts……2 for now…

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 05:05:14 +0000

It catches Bears by surprise,huge Bear Wails and Cries are heard

Hahaha, I like the way you put it, Saint. It started my day with a smile.
Bee

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 05:04:07 +0000

SHORTED icici….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 05:00:23 +0000

Thanks Saint Sir for the explanation of Kicker pattern…..

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 04:50:48 +0000

ys sir…got it….same that we did in kotak a few days bak…today may b for almost everything :)

eying rcap and axis……. for longs…if we get… rcap still to gv us long awaited breakout….axis too much of a pullback …

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 04:47:21 +0000

Kicker Pattern,Neeraj,happens when there is a Bearish Candle the previous Day……and today we have a Gap Up to over the highs of the previous day.If not over the highs,at least to the open of the previous day………It catches Bears by surprise,huge Bear Wails and Cries are heard as they cover in desperation,and we capitalise on that Bullish Move.

But the gap up didnt make that cut………but watch out for the pattern.Yummy when clicks.Huge winning day on the Longs Side.

Saint

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 04:36:49 +0000

Dear friends,

today i will post my ambush trades here. i am trying to trade ambush for sometime now but still at BE.
i make mistakes and lots of them. majority of my trades go against me. i will try to put trades here so that
seniors can guide me and show me my mistakes. Hope to learn a lot. currently i m trading only 5 stocks if any of them
becomes lul on 60 min then i will replace them by moving stocks.
Hope to learn a lot from saint sir , neeraj and other seniors

Major trend (60 flow) is down in majority of the stocks i have selected. market opens with gap. so a pivot cross on both sides
could be good trade.

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 04:36:45 +0000

sir watz kicker pattern ? u mean move towards upp……..and with nice flow as all shorts will tend to b covered ?

Re: Ambushing Anything And everything -- 6th August 09 onwards

Mon, 10 Aug 2009 04:07:07 +0000

SGX NIFTY showing abt +88pts…….if markets open there,possible Kicker Pattern Alert on Nifty…..not an exact one,but very nearly there.

Saint

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 09:51:40 +0000

tradeS of the day—- RCAP , JP…… :)

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 09:02:08 +0000

thanks neeraj for your kind words.
have gone through 60 min flow and traded it for long time. so far as miniflow is concerned, need to work on it……

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:59:11 +0000

SO if u hav not gone thru 60 min and mini flow….pls do go thru it…..coz dey r very imp for better understanding of ambush……

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:57:32 +0000

SO u r not dumb trader at all my friend……u took jp….very nicely….nice understanding of all the things……..dese mistake i used to do many times….still do…..thanks to all the mistakes that makes me confident in taking many of the trades……..

dun worry and just do money managment….and learn of ur mistakes…..the more u make … the more u knw what not to do next time….this is learning process… :) and ambush is what u develop inside u ….by experience of these mistakes…..

wishing u lot of success…..great gng SO….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:52:58 +0000

most welcome prabhjeet :)

very nice longs setupps………axis rcap hdil

tata steel seems bear flag on bigger tf…..not considering for longs….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:51:13 +0000

Neeraj

i am very dumb kind of trader. long time in trading still havnt understood anything. i took long there thinking it was breaking out of day's high
also looked at 15 min TF which was also showing a pivot breakout. one stop out wipes all confidence gained by few trades, thats why was looking for your reply to my pm so hurriedly.

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:44:53 +0000

Very clear views on HDIL Neeraj, thanks

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:44:28 +0000

HDIL ALSO rsi 50 giving resistance…it always does……so now a gud setup for buy….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:38:47 +0000

AXIS — 11:10 and 11:45 bar high were stops…very clear….it was into sideways after dat_,now 1:45 becomes SAR…..y? new low….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:35:51 +0000

tisco stoped……

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:35:17 +0000

HDIL..— very bearish….and taking long lukin at 1:15 bar is really agressive…… no tfa….also….

bullish divergence…okk…..take a long at 12:55 bar … a nice pivot as compared to the 1 u choose…..it has more chances of giving whip…also no vol's indications…..which r imp….the auction process shud b on long side..

now also see that resistance it got near that pivot…that validates its existance…..now we hav so many reasons to go long above 12:55 pivo…which were lacking in 1:15 pivot u choose..

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:34:30 +0000

SO….luk at jp…….and understand y i said 11:45 bar as SAr….. luk at 5 min 10 min and 15 min tf's…….

yes neeraj rightly said, will do that from now, but pls do explain at eod how u look at bigger TFs

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:31:28 +0000

SO….luk at jp…….and understand y i said 11:45 bar as SAr….. luk at 5 min 10 min and 15 min tf's…….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:30:34 +0000

Above 1.15 bar neeraj, huge bullish divergence on all indicators and small stps are the reason

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:28:58 +0000

12:50 bar pivot high…..seems correct place to reverse……

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:27:32 +0000

hdil where reversed prabhjeet ? y?

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:16:46 +0000

took tisco stop 1.45 bar

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:09:36 +0000

out of jp

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 08:09:21 +0000

SARed HDIL, OUT OF axis as well, small profits on both

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 07:59:15 +0000

Will look to SAR HDIL above PH

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 07:59:04 +0000

will take tisco long above day's high only if it consolidates around here for a while

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 07:56:38 +0000

hdil double bottom with hammer on 5 min, culd be a good long above 1.15 bar, but will not take as would be against heavy downtrend of market……….am i right?

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 07:40:47 +0000

Bullish divergence on HDIL, TAKING 1/2 off on HDIL as well as AXIS, moving rest to BE

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 07:39:52 +0000

didn saw prabhjeet sir's post…. jp i beleive was shorted below 9:55 bar low…also a pivot near 224.50 now latest stop is near 225.50 abt .5 % only…..so booking 1/3 profits here .. and it will b a BE trade…..shud b right thing….the stock is very bearish…hence no agressivness in bronging down stops to not so good points….rather holding it with sum nice room…using mini flow…also….

Neeraj had shorted jp below 1005 bar low and took add at 1100 bar low, also wanted to take another add but already down by 5% so didnt take. now stop at 12.45 bar

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 07:35:19 +0000

thanks neeraj , prabhajeet sir

Moving stop to 12.45 bar

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 07:32:36 +0000

didn saw prabhjeet sir's post…. jp i beleive was shorted below 9:55 bar low…also a pivot near 224.50 now latest stop is near 225.50 abt .5 % only…..so booking 1/3 profits here .. and it will b a BE trade…..shud b right thing….the stock is very bearish…hence no agressivness in bronging down stops to not so good points….rather holding it with sum nice room…using mini flow…also….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 07:26:02 +0000

yes nice SO…. 11:50 bar is the stop…. preferably SAR….

plz call me neeraj….. :) nice catch JP…. excellent….

Re: Ambushing Anything And everything -- 6th August 09 onwards

Fri, 07 Aug 2009 07:21:28 +0000

Wow SO, JP is a even Better catch, if I were Trading it my stops would be 2 bar back, thats my view