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

[Taiki]

http://www.2shared.com/document/QJf441CD/SwiftFinal.html
===================

Dear Jagankris,

That is the Swift final version. You can read about EOM bar.

Mr.Smart_trade can explain far better than anyone,if you post your Qs and doubts.,because it is his method.

====================

Can any one explain SWIFT in brief or post a link for the same
Thanks

Here is the link

 

[Taiki]

EOD Summary

A good day, and got a chance to apply my knowledge from past experience. Took one short trade today in NF where as previously missing all the gaps in Nifty. Even today after the gap, as per my system the short entry was coming around 5810-5830, which was not coming for sure.

Shorted Nity FUT below the low of 1st hour, with a stoploss at high of the bar.

Trade

Shorted NF @5790, Stoploss = 5810, Target = 5750. But exited at 5770.
Gain of +20 points

 

[timepass]

Taiki, here's a thread about 21ema and 30 min TF.

http://www.traderji.com/technical-a...-moving-average-intraday-30-minute-chart.html

trade with single moving average in intraday with 30 minute chart .

 

[indianbank]

I am also learning trading... this threads motivates new traders like me...

Taiki wd wd ... All the best

 

[jain.er]

EOD Summary

A good day, and got a chance to apply my knowledge from past experience. Took one short trade today in NF where as previously missing all the gaps in Nifty. Even today after the gap, as per my system the short entry was coming around 5810-5830, which was not coming for sure.

Shorted Nity FUT below the low of 1st hour, with a stoploss at high of the bar.

Trade

Shorted NF @5790, Stoploss = 5810, Target = 5750. But exited at 5770.
Gain of +20 points

Congrats bro for the profits :clap:, I was about to ask you about today's gap trading coz you missed on the last gap trade.. continue with positiveness :clapping::clapping::clapping:

 

[Happy_Singh]

where as previously missing all the gaps in Nifty.

Hello

Just putting down what little i know of trading gaps . . .

In theory, wrt the trend, gaps are of 3 types

1. Continuation Gap
2. Breakout or Runaway Gaps &
3. Exhaustion Gaps

But for trading purpose we just need to identify or classify them into 2 categories

1. Gaps for which we trade in the direction of the gap and
2. Gaps that we want to fade

An early entry needs to be attempted with the BO/runaway and continuation gaps. Get to lower TF to find an entry, use the High/Low printed early in the day as stops. For fading a gap we should use the High/Low of the first bar . . .

Trading the failures of the above trades also gives high probability opportunities, so effectively Gaps are a good opportunity to trade.

Happy

 

[Taiki]

Hello

Just putting down what little i know of trading gaps . . .

In theory, wrt the trend, gaps are of 3 types

1. Continuation Gap
2. Breakout or Runaway Gaps &
3. Exhaustion Gaps

Happy

Thank you Happy Ji for your thoughts,
Can you please explain the details (characteristics, behaviour) of each of those gaps and trading sentiments during them

Regards
Taiki

 

[arcus]

Thank you Happy Ji for your thoughts,
Can you please explain the details (characteristics, behaviour) of each of those gaps and trading sentiments during them

Regards
Taiki

Read it.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:gaps_and_gap_analysi

 

[Happy_Singh]

Read it.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:gaps_and_gap_analysi

Nice link arcus :thumb:


Happy

 

[Happy_Singh]

Thank you Happy Ji for your thoughts,
Can you please explain the details (characteristics, behaviour) of each of those gaps and trading sentiments during them

Regards
Taiki

Hello Taiki

This question was expected

The link shared above is very good for understand the theory about gaps.
We all know during trading things are not so cut-n-dry as with theory,


After a gap, be quite ready to trade both sides.
After a gap we are actually trading the ORB.
Gaps = imbalance and imbalance gives us a good probability of higher volatility.

Now if we have a certain bias or some understanding of the direction that we will be trading,
we are able to get an early entry with smaller stops.
For e.g. using a 5/10 mins of opening range, instead of 30/60 mins.

How to identify the direction or the sentiment depends totally on how we define the trend.
Simply put these terms (breakout, continuation & exhaustion) refer to the phase of the trend we are in.

It all depends how you define your trends

For e.g. a profiler (market profile user) will fade a gap below a virgin POC but will go long if it gaps out above vPOC.
Similarly a guy counting waves will never want to fade what he is looking at as an impulse move. . .
A guy trading news may have rules to fade gaps due to +ve results but go short on gaps after take-over announcements

For directional bias we all have to go back to our trading systems
Having a bias or directional probability gives us an early entry into the trade.

Happy