Alright..Welcome Traders.
We are here to trade and learn Saint Sir's Ambush Style of trade. The rules of the game are very simple and clear cut. Here are a few of them:
1) This is an intraday strategy. We will use 5 min charts of Nifty Future for the same.
2) The classic Pivot Break method will be used to enter the trades. Break of PL and PH along with the filter will make us enter the position
3) This is a SAR method. We will always be in a position, either long or short.
4) The filter used will be 5-7 points.
5) The starting capital is 2 Lakhs.
6) Targets : Daily: 3K(3000), Weekly: 10K(10,000) & Monthly 40K(40,000)
7) As Saint Sir once said: We may or may not reach these targets. But this is not something on which we will judge ourselves. We will be happier following our rules and discipline. If we can follow the sytem to the core on all trading days, that will be real success. The money will follow.
8) ADDs will be used in this strategy. We will ADD only to winning positions. We will initiate positions according to the SL and proper money management. Generally we will open with 2 lots and Add 1 lot at a time. With the capital, no more 2 Adds will be possible.
9) T/P wil generally be using patterns/pivots/resistance/support zones. This is something which cant be laid down in the rule book and is subjective to one's own perception of trading.
10) We will also take the help of Higher TFs for profit booking. 60m,30m & 15m for better understanding the TPs. Miniflow and 60 min flow can also help us keep away from false trades at times.
These are all the rules that I can think of right now. Do post if anything else is to be added/deleted from this post.
Happy Trading
PS: The miniflow traders are requested to give in their feedback to the system. As I havent practiced it in Live, I may not be able to do justice to it.
We are here to trade and learn Saint Sir's Ambush Style of trade. The rules of the game are very simple and clear cut. Here are a few of them:
1) This is an intraday strategy. We will use 5 min charts of Nifty Future for the same.
2) The classic Pivot Break method will be used to enter the trades. Break of PL and PH along with the filter will make us enter the position
3) This is a SAR method. We will always be in a position, either long or short.
4) The filter used will be 5-7 points.
5) The starting capital is 2 Lakhs.
6) Targets : Daily: 3K(3000), Weekly: 10K(10,000) & Monthly 40K(40,000)
7) As Saint Sir once said: We may or may not reach these targets. But this is not something on which we will judge ourselves. We will be happier following our rules and discipline. If we can follow the sytem to the core on all trading days, that will be real success. The money will follow.
8) ADDs will be used in this strategy. We will ADD only to winning positions. We will initiate positions according to the SL and proper money management. Generally we will open with 2 lots and Add 1 lot at a time. With the capital, no more 2 Adds will be possible.
9) T/P wil generally be using patterns/pivots/resistance/support zones. This is something which cant be laid down in the rule book and is subjective to one's own perception of trading.
10) We will also take the help of Higher TFs for profit booking. 60m,30m & 15m for better understanding the TPs. Miniflow and 60 min flow can also help us keep away from false trades at times.
These are all the rules that I can think of right now. Do post if anything else is to be added/deleted from this post.
Happy Trading
PS: The miniflow traders are requested to give in their feedback to the system. As I havent practiced it in Live, I may not be able to do justice to it.
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