ankit /guys...
something we where looking for ..u must have read...but for those who didnt i will put from tradersaint. com
Saint001 18 Jun 2009, 22:54 -0-700
MJ,track the long timeframes as well for a clearer perspective,use the direction of the miniflow of the stock you are trading as a guideline.For example,we took the longs in BANK NF and was stopped.Now we are holding short posns,if this moves decisvely to the down and breaks a pivot high,we would be exitting our short posns.But miniflow still being short,we would sit on sidelines till we get the next opportunity to go short again.
Unless we get a reversal that isof course,sometimes,we can get whipped about.So far,today is turning out like that
The strategy of this thread is to look into the longer tfs and trade the juicy ones when the mkt opens.For example,AXIS BANK is looking more and more like a LONG that is waiting to erupt.KOTAK BANK looking like a short about to dump.So,when we want to get into longs,we get into axis..when the trend moves down,we get into kotak.We want just that trend,that move,and then we are off to some other stock to plunder.A clear cut directional move will get axis and kotak on the same page,presuming longs,..but there always is a DLF or RELCAP that is on our shorts watchlist.So on so forth,the game goes on.
The longs that trigger and that are contratrend to the larger tf,yes,you could take smaller sizesbut use the miniflow as a guideline and stay out of unnecessary trades.
Saint
something we where looking for ..u must have read...but for those who didnt i will put from tradersaint. com
Saint001 18 Jun 2009, 22:54 -0-700
MJ,track the long timeframes as well for a clearer perspective,use the direction of the miniflow of the stock you are trading as a guideline.For example,we took the longs in BANK NF and was stopped.Now we are holding short posns,if this moves decisvely to the down and breaks a pivot high,we would be exitting our short posns.But miniflow still being short,we would sit on sidelines till we get the next opportunity to go short again.
Unless we get a reversal that isof course,sometimes,we can get whipped about.So far,today is turning out like that
The strategy of this thread is to look into the longer tfs and trade the juicy ones when the mkt opens.For example,AXIS BANK is looking more and more like a LONG that is waiting to erupt.KOTAK BANK looking like a short about to dump.So,when we want to get into longs,we get into axis..when the trend moves down,we get into kotak.We want just that trend,that move,and then we are off to some other stock to plunder.A clear cut directional move will get axis and kotak on the same page,presuming longs,..but there always is a DLF or RELCAP that is on our shorts watchlist.So on so forth,the game goes on.
The longs that trigger and that are contratrend to the larger tf,yes,you could take smaller sizesbut use the miniflow as a guideline and stay out of unnecessary trades.
Saint
What date was this posted on TS? was it under ambush anything thread?
