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

Taiki

Well-Known Member
Hi Taiki. Thanks for te links but unfortunately they are not working for me.:(
Replace the %2A%2A%2A%2A%2A%2A%2A%2A%2A%2A%2A%2A with 4 s h a r e d . c o m (space removed) and try

Regards
Taiki
 
Hi Taiki. Thanks for te links but unfortunately they are not working for me.:(
Replace the %2A%2A%2A%2A%2A%2A%2A%2A%2A%2A%2A%2A with 4 s h a r e d . c o m (space removed) and try

Regards
Taiki
Now also available on Google drive !!

Marcel Link : https://drive.google.com/file/d/0ByF-21VBnZ9bdTBkM19KYktZRDg/edit?usp=sharing

Chart Patterns : https://drive.google.com/file/d/0ByF-21VBnZ9bVFZYM1VDaDJwRmc/edit?usp=sharing

Check them and tell if the links are working.
 

Taiki

Well-Known Member
i remember Livermore never learnt books when he was a succesful bucket trader.
watching screen without trading for some months can give a good idea.
But no one have patience for watching .
Atleast we should do paper trade for 1 year with small quantity.
If its successful.. we can try the same amount with real time trades.
 

arcus

Well-Known Member
i remember Livermore never learnt books when he was a succesful bucket trader.
watching screen without trading for some months can give a good idea.
But no one have patience for watching .
Atleast we should do paper trade for 1 year with small quantity.
If its successful.. we can try the same amount with real time trades.
Jesse Livermore has himself written a book on Price Action Trading called "How To Trade In Stocks".

He did not look at charts but rather followed pure price action. He explains his method in detail in the book.

I consider it one of the best books out there and have it with me all the time. My Signature I use currently is also a quote from the book written by Livermore.
 

Taiki

Well-Known Member
13/01/2014 - Weekly Chart



NIFTY weekly chart shows a low close, narrow range bar. Volume is rising and is more than past two weeks activity. Last but the second week was a bearish engulfing. Past week, price traded in lower 36% of previous week's range and could not go past 6239.

13/01/2014 - Daily Chart



NIFTY broke the head & shoulder pattern's rising neck line on 3rd Jan. Traded below the neck line in tight range for 4 trading sessions. Pulled back to neck line on 10th Jan, but rejected the high in last hour and ended as a low close, range bar. Volume is rising since last 5 trading sessions.

I have created fresh short position in NIFTY fut, when it rejected the high. Shorted at 6220 with stop loss above 6260. Will go long in put once NIFTY trades below 6140.

Regards
Taiki
 

Taiki

Well-Known Member
I have created fresh short position in NIFTY fut, when it rejected the high. Shorted at 6220 with stop loss above 6260. Will go long in put once NIFTY trades below 6140.

Exited the short above 1st 5 min candle's high at 6230 with a loss of 10 points. Will wait for further indications to initiate the next trade.

Regards
Taiki
 
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Jesse Livermore has himself written a book on Price Action Trading called "How To Trade In Stocks".

He did not look at charts but rather followed pure price action. He explains his method in detail in the book.

I consider it one of the best books out there and have it with me all the time. My Signature I use currently is also a quote from the book written by Livermore.
Its a very good book.
He wrote this book after he become bankrupt.
Still there is a lot of speculation abt his bankruptcy.
Cant understand how a successful stock player become bankrupt.(i rate him no.1 trader because he started trading with 10$)
 

Taiki

Well-Known Member
Hello Everyone,

Coming back to TJ after a short break, Used the time in learning about psychological aspect of trading, money management, building my trading system from scratch that suits my style of trading and psychology, back-testing and gaining confidence on the system.

After much experiments with different trading strategies, I found out, to me intraday trading is way too fast, where as swing trading seemed way too slow. Therefore wanted to build my own set of rules for short term trading, where I will hold the trade from few minutes to few days. From back test result this set up has shown a 55-60% winning probabilities where as failing for 40-45%, with a average R:R as 1:3.5. Going to start trading live the system from FEB series.

I got buy signal today at 6082, and took long position in FEB series NIFTY FUT. Kept the position open for tomorrow.

Regards
Taiki
 
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