Intraday trading--Ambushing the Flow

[Saint]

INDUS IND closing over previous 60min pivot highs........entry cancelled for now.Strong watch demoted to Normal Watch.No longs even if it goes tearing up....if it does,feel happy for those of you that made gains....but no trades as far as we are concerned.For longs,a sideways from here.....For shorts wondering if Price sets up a Bull Trap and closes back within ERL( a line that is drawn connecting previous visual pivot highs.)

Think VJAY has written about this on Traderji ,and volumes have been written on other forums,with regards to exiting earlier and entering earlier.....please refer to his threads here....

If a Bull Trap is set up,we will upgrade the Watch again...for now,nothing to be done.........SOH Mode.

Looking for others.........

 

[marimuthu13]

I wish you will stay long here in Traderji this time...

:thumb::thumb::thumb:

 

[Saint]

Eyeing Bank Nifty for shorts.......

 

[Saint]

I wish you will stay long here in Traderji this time...

:thumb::thumb::thumb:

Shall try Marimuthu......

 

[Trader_PK]

Eyeing Bank Nifty for shorts.......

in nifty too

 

[XRAY27]

@saint sir,
Happy to see you in traderji .... My first learning part of real market charts are from your post..
crossed many hurdle/s and became a fulltime trader since 2007...

 

[Saint]

Hmm...nice PK ...setting up nice...... if this pivot breaks,will be a bit of a fall...... All ambush methods(ambush,swift and others) that we employ is on 2-ways mode on days like these.....post vertical move.

 

[Saint]

Looking at 5mins on Nifty and targeting for shorts in Nifty below the pivot lows.....

 

[TradeJoker]

lets start the war saint sir

[/CENTER]

 

[rkkarnani]

Why start a full fledged war?
Just "ambush"..... as Saint is saying !
Instead of war lets use guerrilla tactics !
Lets "earn" and "run" !