A new Life, A new Career, A new Dream - I am a Trader

[xrtrader1]

Hi Taiki,
if you are looking at long terms plays evaluate option trading.

 

[Taiki]

Hi Taiki,
if you are looking at long terms plays evaluate option trading.

Hi xrtrader,

Can you please elaborate more on this ??

Regards
Taiki

 

[timepass]

Hi xrtrader,

Can you please elaborate more on this ??

Regards
Taiki

Check escape's diary. He takes option selling position at the beginning of the series with 6-10 lakhs capital and lets them wilt. He seems to be making decent returns on passive investment.

 

[TraderRavi]

taiki for swing trading you can check this thread , m not trading but experts updating their trades there .

http://www.traderji.com/futures/90972-swing-trading-nifty-futures.html

 

[arcus]

Taiki, when you trade longer time frames, you should not track the markets each minute. Its rule #1 of swing trading.

Look at the markets at the most 2-3 times a day. Probably the open, sometime in the afternoon and just before close at 3:15 or so.

The way I trade longer timeframes is I look for certain levels to be taken out (Break of a trendline, MACD crossover, etc). For example, I went short a few days back when this level was broken. I intend to hold it as long as price remains in the new descending channel.

Best of luck in your swing trades.

 

[healthraj]

NIFTY Daily and Hourly SPOT charts

Daily Trend for the last 60 days in NIFTY

The Trend is clearly on the UP side and it is still not broken on the downside. As per the Trend the Support could come at 6103. Normally the Trend will not be broken in the Daily charts.

NIFTY 60 min Charts

In the 60 minute as told you on Friday the BUY Signal is Generated below the Hourly support of 6190.

So do not be OVERLY bearish at this point. We normally do this mistake and loose heavily. In the 60 min Chart you can see that the SELL started from Last Monday 09-DEC-13, after the GAP opening because you can see clearly see that it was Trading above the RESISTANCE 2.

So if we there is a Reversal, this Reversal can make a Top of 6492 as per the Daily charts and 6440 as per the Hourly charts. It might be met in Dec-13 or Jan-13 Series.

So it would be Safe to assume that NIFTY will not go below 6100 in this DownTrend. The Minimum could be the previous low of 5987.

You have to Assume the Daily Trend is broken only below 6050.

 

[Taiki]

Started my journey with Swing trades from this new year and new series.

NIFTY Weekly Chart

NIFTY Daily Chart

Nifty weekly trend remains up with price approaching the resistance line. In Daily chart nifty has found support near 6130-6150 of the rising wedge pattern. Entered long today when price came out of past 2 day's trading range. Bought 1 lot Nifty FUT at 6350. Bought 2 lots of Nifty 6300 CE at 147 during market's close.

Net Position
1. Long 1 lot NIFTY FUTURE at 6350.00
2. Long 2 lots NIFTY 6300 CE at 147.00

Regards
Taiki

 

[altaf petiwala]

The break of the range that you speak about was just because of the premium adjustment in the Dec and Jan series.

As such, there was no movement in the charts, if we emove that unnecessary premium.

Maybe my view is wrong, and its one of the reasons I dont trade on the first day of the series. It spoils the charts, making todays open look like a wow event.

 

[arcus]

The break of the range that you speak about was just because of the premium adjustment in the Dec and Jan series.

As such, there was no movement in the charts, if we emove that unnecessary premium.

Maybe my view is wrong, and its one of the reasons I dont trade on the first day of the series. It spoils the charts, making todays open look like a wow event.

Those are spot charts (not futures charts) so there is no question of premium adjustments.

 

[altaf petiwala]

Those are spot charts (not futures charts) so there is no question of premium adjustments.

Thanks for pointing it out.
My mistake.