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

HEM

HEM

Trader
#411
#411




MY Todays (18/7/2013) trades in NF :-

(1) took short below 9.25 bar low........
Cause for short trade - yesterday(17/7/2013) hod BO failure

(2) took long trade above 10.35 and 10.50 minor pivot high....... added one add................and sold all at 3.20 bar closing
cause for long trade - lod BD failure

on my both trades Risk(SL) was very low and Reward was unlimited.......:D

HEM
 
4

403.forbidden

Active Member
#412
#412
Smart_trade said:


Market was sideways ....it was making lower tops and higher bottoms in the sideways range indicated by black boundries....wait for breakout in some direction and then trade.

Smart_trade
Click to expand...
===============
Dear Mr.Smart_trade,

From your chart, I think[I might be wrong too]the yellow/gold represent the ATP/VWAP(daily & weekly) values, 6028.05 & 6007.1

NSE posted (daily) as 6014.07. HEM's chart(post # 418) shows "Tick Avg" as 6014.06.

From my side (tick extraction from ODIN),the daily calculation (on 5TF) comes to 6013.47, the weekly calculation (on 5TF) comes to 5986.79 and the monthly calculation (on 5TF) comes to 5900.79

I think, there is a very minor issue in coding at your side(but you must be having a completely different idea/strategy to implement your understanding through the multiple distributions)in calculating the VWAP. I apologize for pointing this out. If I am wrong,please,blast me out. All the values are projecting close to multiples of 7.

[Sorry Taiki, again ruining your thread]

Thank you.
================
 
4

403.forbidden

Active Member
#413
#413
Dear Mr.Smart_trade,

1. When we use distribution plots, how could we decide the right / appropriate /approximate distribution for day/swing/positional trading. (I was using various distributions and stopped, due to the confusions caused in real time. I know I am very less knowledgeable about real time trading and my understanding is very much limited) But your recent posts made me interested to post my doubts about the distribution plotting and real time trading.

2. You have already mentioned about the JIT was of about 80%. Yeah, that is very true. But if we change the distribution plot on various time frames, the JIT would be so different. How could we fix that as a " constant " TF ? or still we have to consider trading is full of a probability game,though we use the distribution plots.

3. If we are going to plot the distribution at every swing High and every swing Low, then it leads us to MIDAS VWAP S/R curve. I (personally) feel moving averages (any) are better than MIDAS,which allow us to trade towards the direction of any (or between) swing H and L(based on different " trading " frames)

4. Why could not we use the VWAP and SD distribution alone as a trading system/method ? If we can, then please, explain with some charts. Thank you very much in advance. I have posted two charts on different distributions in different TFs.

5. Please, elaborate, with your charts and explanations, how we could distribution plots.

(Thank you very much for spending your valuable time with me online and permitting me to meet you in person)



Thank you again

=========================
 
4

403.forbidden

Active Member
#414
#414
403.forbidden said:




Dear Mr.Smart_trade,

1. When we use distribution plots, how could we decide the right / appropriate /approximate distribution for day/swing/positional trading. (I was using various distributions and stopped, due to the confusions caused in real time. I know I am very less knowledgeable about real time trading and my understanding is very much limited) But your recent posts made me interested to post my doubts about the distribution plotting and real time trading.

2. You have already mentioned about the JIT was of about 80%. Yeah, that is very true. But if we change the distribution plot on various time frames, the JIT would be so different. How could we fix that as a " constant " TF ? or still we have to consider trading is full of a probability game,though we use the distribution plots.

3. If we are going to plot the distribution at every swing High and every swing Low, then it leads us to MIDAS VWAP S/R curve. I (personally) feel moving averages (any) are better than MIDAS,which allow us to trade towards the direction of any (or between) swing H and L(based on different " trading " frames)

4. Why could not we use the VWAP and SD distribution alone as a trading system/method ? If we can, then please, explain with some charts. Thank you very much in advance. I have posted two charts on different distributions in different TFs.

5. Please, elaborate, with your charts and explanations, how we could distribution plots.

(Thank you very much for spending your valuable time with me online and permitting me to meet you in person)



Thank you again

=========================
Click to expand...


 
G

Gaur_Krishna

Well-Known Member
#419
#419
@Taiki, I think now its my turn to spoil your thread :D

Here are some Income TAX queries. As filing Tax Returns date comes very close, need this info, thanks in advance:

1. For a salaried person with FNO trades and some equity delivery and equity intraday (which will be speculative income), should one fill ITR-4 or ITR-4S or anything else?

2. Can the profit or loss calculated in a very simple way such as during the FY 12-13 : Total money Credited to trading account during 01Apr2012 to 31Mar2013) - MINUS - (Balance on 31st March 2013)
OR do we have to note each trade and give detailed Profit/loss statement and then arrive at this figure?

3. If one has purchased Laptop & internet, can he show these as business expenses (loss)?

4. What about fees paid to some TA course and subscriptions for TIPS provider services : Can these be considered as business expense (loss)?

5. Account opening fees and annual DMat Charges: Can they be considered as business loss?

6. in ITR-4, do we need to fill in all the trade details or just profit/loss figure and keep the details for any query etc?

Regards,
Gaur_Krishna
 
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