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

Taiki

Well-Known Member
You are very professional in everything i think and i am really impressed. Your company where you were working earlier definitely would be missing their "Gem".
Ahh, brother you made me nostalgic for my office, I had many good memory tied with that. Yeah I am missing my office, my colleagues more than they would be doing. :)
Sometimes I dream my prev comapny has become a trading company and I have joined them back. :D :D

Regards
Taiki
 

DanPickUp

Well-Known Member
Ahh, brother you made me nostalgic for my office, I had many good memory tied with that. Yeah I am missing my office, my colleagues more than they would be doing. :)
Sometimes I dream my prev comapny has become a trading company and I have joined them back. :D :D

Regards
Taiki
If those feelings start to bother you, to get rid of them rent a small office in one of those big IT Parks, which I guess you also have in India. In that way you can leave your home and go to an office in which you even if you have your small office will find other people you can speak to when doing a rest in trading.

Take care / DanPickUp (There is a solution to every problem we face in live :))
 

Taiki

Well-Known Member
Very surprised to see your comment, you mentioned in your first post you are out of "corporate slavery" so was not expecting..Anyway it's your personal views. I should not comment here. Sorry, if it anyway bother you.
Nope dear, dont get confused in general view and personal view. I am glad that I am out of corporate slavery because I can give more time to my interest, my passion and I am free now to try the things I love. And this is my personal view. And this does not make IT companies a bad place to work, atleast for them who love to be there. And few of my colleagues were that passionate about their IT job.

And throughout my IT career I have so many beautiful memories that I always count on. I am nostalgic for those sweet moments, not about working in IT industry anymore. I miss those jokes/sharing of thoughts/helping each other, Bday celebration, Team outings, Tea/snack party etc etc.

Regards
Taiki
 

Taiki

Well-Known Member
If those feelings start to bother you, to get rid of them rent a small office in one of those big IT Parks, which I guess you also have in India. In that way you can leave your home and go to an office in which you even if you have your small office will find other people you can speak to when doing a rest in trading.

Take care / DanPickUp (There is a solution to every problem we face in live :))
Well, not joking, This is my plan.
As I will grow as a trader I will definitely do it with my trader friends one day :)

Regards
Taiki
 

Tlahuicole

Well-Known Member
As Taiki had said both have some pros and cons, full time trader need to take extra effort especially to maintain old contacts which is a pro in working in an office, I mean any office not just corporate. But look at the trading pro, I am not sure whether it excites everyone, but most of the successful traders would have had this as their goal while stepping on trading career which is financial independence, self leadership, you don't report to anyone except you.

I am sure Taiki is enjoying his trading business :D
 

Taiki

Well-Known Member
Trade Setup for 16 August 2013

30 Min chart



From 30 min chart. S/R lines are as follows -
On upside S/R lines are at 5760, 5800-5815, 5840, 5900
On downsie S/R lines are at 5700, 5660, 5600

3 Min Chart



In 3 min chart, NF was in sideways range of 5700-5740 for most of the day where strength was equal in bulls and bears. However during last 15 min acceleration was seen in upward direction and price crossed the range of 5740. Day's low was at 5699. Technically NF has bounced 38% of its recent fall.

Global Index Update

Overnight US and UK market has given deep red closing. Asian markets are down. SGX Nifty is trading at 5692. Down by -0.7%. NF will open with a gap down.

If bulls will panic and will run to cover their long then they will open the gate for more downside. :D

Trade Area

1. BPB/BOF at 5760
2. BPB/BOF/TST at 5700 (yesterday's low + major support)
3. BPB/BOF at 5660

Regards
Taiki
 

Taiki

Well-Known Member
I personally think it is better to analyze the underlying for S&R rather than the derivative based on the underlying.
Did not get you brother

Regards
Taiki
 

arcus

Well-Known Member
I personally think it is better to analyze the underlying for S&R rather than the derivative based on the underlying.
Did not get you brother

Regards
Taiki
I personally think it is better to analyze the Nifty (underlying) for Support and Resistance levels (S&R) rather than the Nifty futures contract (derivative) based on the Nifty (underlying).

In other words, I think it is better to analyze the Nifty itself for support and resistance levels rather than its futures contract.