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

[krist]

Missing your posts Taiki.

Regards
Krist

 

[Taiki]

So far It was just only me trying to trade.....

Hi Taiki,

Which Realtime Data U r using & how is the performance.

Regards.

I use Mr. Josh Utility with NSE NOW.
It is working quite good so far.

Regards
Taiki

 

[Taiki]

Missing your posts Taiki.

Regards
Krist

I understand brother, but has got few other stuffs in hand to look after. Will try to be regular in posting now. But will share my EOD trades in chart for sure.

Regards
Taiki

 

[Taiki]

No trades were done on friday. It was a local holiday to worship our ancestors. And house got filled with relatives.

Regards
Taiki

 

[Taiki]

Trade Setup for 7 Oct 2013

30 min chart

On upside S/R lines are at 6000, 6050
On downside S/R lines are at 5930, 5875. 5820

3 Min chart

From 3 min chart, Nifty was in the range of day's high and day's low on Friday.

Global Index update
US market stayed mixed, EU markets closed higher. Today Asian markets are in red with SGX nifty down by 0.5%. We may see little negative opening today and may test 5900-5930 level.

Pre-planned Trade Areas

1. BOF/BPB at 5930, 5875, 5820
2. BOF/BPB at 6000, 6050
3. Pullback setups in between S/R lines if price is trending

Regards
Taiki

 

[Taiki]

Nearly 10lakh volume traded when nifty touched 5882

Regards
Taiki

 

[Taiki]

Trades for 7 Oct

Took two trades today, both in profit, but missed the complex pull back setup around 2:30 pm, missed this somehow but found the setup in chart during post market analysis.

Net gain = +57 points

Regards
Taiki

 

[jain.er]

Trades for 7 Oct

Took two trades today, both in profit, but missed the complex pull back setup around 2:30 pm, missed this somehow but found the setup in chart during post market analysis.

Net gain = +57 points

Regards
Taiki

Taiki what is complex pull back, I have never used this set up but always wondered what it is

 

[Raghuveer]

Taiki what is complex pull back, I have never used this set up but always wondered what it is

Not a complete explanation, I'll leave that for experts, just some copy paste from YTC to show the basics.

Chart images of complex pull back from YTC:

Quote from ytc:

Note the three swings of the pullback, in which the third swing breaks below point A. This will
attract some shorts who are hoping to get an early entry into a reversal. To their disgust, they‟re
quickly trapped as price breaks back above level A and triggers their exit order.
This 3-swing retrace trapped trader orderflow is often sufficient to kick start a stalled trend

CPB marked with 3 arrow lines on chart posted by Taiki:

 

[Taiki]

Taiki what is complex pull back, I have never used this set up but always wondered what it is

Hi Jain bro. Just saw your question now, will post how I trade it in today's evening.

Thank you Raghuveer bro for summing it up :thumb:

Regards
Taiki