My daytrading
- Thread starter Raghavacc
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Hi Raghavacc,
First of all, thanks for your great thread!
I come from Hong Kong and just started to trade the Hang Seng Index futures.
I'm just learning and trying to develop my own system using mostly BB and stochastic, hope I could have some advice from you.
Attached is today's EOD chart of the index futures.
I did a long at ~10:40 and sold it at ~11:40, got a pretty nice profit, so I just stopped trading for the rest of the day and did some paper trades.
Right, my question:
At ~13:50 and ~14:30, I was "tempted" to put a long, as OS > 5 seems not the case there. And now, after the day, we can see they actually behaved like OS > 5 at those times as the price dropped greatly after 15:00.
So, how should we tackle such situation? Or, is there something wrong on my stochastic setting?
Cheers.
First of all, thanks for your great thread!
I come from Hong Kong and just started to trade the Hang Seng Index futures.
I'm just learning and trying to develop my own system using mostly BB and stochastic, hope I could have some advice from you.
Attached is today's EOD chart of the index futures.
I did a long at ~10:40 and sold it at ~11:40, got a pretty nice profit, so I just stopped trading for the rest of the day and did some paper trades.
Right, my question:
At ~13:50 and ~14:30, I was "tempted" to put a long, as OS > 5 seems not the case there. And now, after the day, we can see they actually behaved like OS > 5 at those times as the price dropped greatly after 15:00.
So, how should we tackle such situation? Or, is there something wrong on my stochastic setting?
Cheers.
Last edited:
Hi Kehl,
I am glad that you have liked this method.I hope you a great trading career ahead.
Coming back to your questions,What I have learn't from my experience is that the indicators alone can't make a system highly successfull.Belive me I tried most of them.They work in a set of conditions.After that they get beating.Market is a dynamic entity.
Thats what made me to stick to price.Price never lies.Believe me my success rate has gone beyond my expectations after I have trained myself in this method. However what works for one may not work for the other and vice versa.
Coming to your specific question
Question:At ~13:50 and ~14:30, I was "tempted" to put a long, as OS > 5 seems not the case there. And now, after the day, we can see they actually behaved like OS > 5 at those times as the price dropped greatly after 15:00.
Answer: If I have to trade the BB at all what I would do? I will consider the BB band as a highway( 2 outer bands).I will consider the MA as median ( the middle average line).I will see which lane has more traffic. I will favour that line.i.e:If the price is moving above the median consistently I will look for longs only and vice versa.
In your case from 10 to 10.30 there is a fall in the price through 3 big candles. Then a week retracement.at 12 the price goes to upper band and starts to fall.From 13-15 price keeps on trading below median.What does it sigN?weak bulls.From 14.40 to 15..05 -five tiny candles try to close above median but fail. Touch and bounce.That weakness results in big fall after 15.10
See even in your mechanical How do I interpret price action!!.Once you understand what is price?what it's doing?why it clsoes above or below a particular level your trading becomes powerfull.
The step is:
1.Identify the trend for the day.
2.Find out to which side of the median the tarffic is more
3.If its downtrend short each time it touches median or the upper band.
4.vice versa for uptrend.
I think Columbus is an authority on boliinger band.Please do visit his thread.
Question:So, how should we tackle such situation? Or, is there something wrong on my stochastic setting?
Answer:There is no wright or wrong in trading.You have to make some trial and error to see which suits your personality.
I am glad that you have liked this method.I hope you a great trading career ahead.
Coming back to your questions,What I have learn't from my experience is that the indicators alone can't make a system highly successfull.Belive me I tried most of them.They work in a set of conditions.After that they get beating.Market is a dynamic entity.
Thats what made me to stick to price.Price never lies.Believe me my success rate has gone beyond my expectations after I have trained myself in this method. However what works for one may not work for the other and vice versa.
Coming to your specific question
Question:At ~13:50 and ~14:30, I was "tempted" to put a long, as OS > 5 seems not the case there. And now, after the day, we can see they actually behaved like OS > 5 at those times as the price dropped greatly after 15:00.
Answer: If I have to trade the BB at all what I would do? I will consider the BB band as a highway( 2 outer bands).I will consider the MA as median ( the middle average line).I will see which lane has more traffic. I will favour that line.i.e:If the price is moving above the median consistently I will look for longs only and vice versa.
In your case from 10 to 10.30 there is a fall in the price through 3 big candles. Then a week retracement.at 12 the price goes to upper band and starts to fall.From 13-15 price keeps on trading below median.What does it sigN?weak bulls.From 14.40 to 15..05 -five tiny candles try to close above median but fail. Touch and bounce.That weakness results in big fall after 15.10
See even in your mechanical How do I interpret price action!!.Once you understand what is price?what it's doing?why it clsoes above or below a particular level your trading becomes powerfull.
The step is:
1.Identify the trend for the day.
2.Find out to which side of the median the tarffic is more
3.If its downtrend short each time it touches median or the upper band.
4.vice versa for uptrend.
I think Columbus is an authority on boliinger band.Please do visit his thread.
Question:So, how should we tackle such situation? Or, is there something wrong on my stochastic setting?
Answer:There is no wright or wrong in trading.You have to make some trial and error to see which suits your personality.
To,
Dear Columbus, What u write is very interesting and educative. Today, I have read all your posts and i am continuousness on laptop for last, more then six hours. I can guess your knowledge about Trade tiger. Can u tell me if we can plot Parabolic SAR on TT.
Thanks in anticipation.
cs bhasin Mob. 09808480958
Dear Columbus, What u write is very interesting and educative. Today, I have read all your posts and i am continuousness on laptop for last, more then six hours. I can guess your knowledge about Trade tiger. Can u tell me if we can plot Parabolic SAR on TT.
Thanks in anticipation.
cs bhasin Mob. 09808480958
Reg:Baba Ramdev and Anna Hazare
In Geetha Krishna says:"Whenever something becomes too much ,I will manifest in one or the other form to eliminate it".
I remember this after 2 bachelors have achieved ,which could not be achieved by greatest of great .
I am talking of Anna Hazare and Baba Ramdev.One is bachelor and another is a Sanyasi.Both sleep on the mat on floor.One wears khadi and another wears khavi.But look at what they have done.Entire Govt.Machinery is running around to stop Baba Ramdev from going on fasting.
Anna Hazare has shown the country that a person with character ,even if he has not got any money,wealth,chela's and chamchas,still can do great things.
Now the govt.is like a cat with burnt tail.They are trying to hide themselves.But they can't.
Samarth Ramdas once told Shivaji - "There is Political power,there is money power, there is muscle power,there is soul power and there is godly power".
first three types of powers may dance for a while but the winner will be last two types of powers."He further tells Shivaji."You have none of the above three ,but you have enough of last two.Go ahead and you will be winner".Infact Shivaji eliminated intruders through sheer soul power..
Thats what exactly happenned and happening here also. The people at power for 64 years have danced with first three types. Now these two sanyasi's made them bow their head to the nation just through sheer soul power.Those who work for a great cause and live for others,even godly power supports them.
Kalmadi and Anna Hazare both are from Maharashtra and both were ex military service men.Maharashtra is known for producing great people who fought for greatest causes.
Anna chose the tough way whereas Kalmadi chose the other one.One slept on the floor of temple of Ranegalasiddi.Another slept in Bunglows of Delhi.One sacrificed everything for the sake of people, another sacrificed dignity of the nation for the sake of self.
But everything has an end.Krishna says "To install dharma I will manifest in different forms or through different people".
Now where is Anna and where is Kalmadi?Truth always wins.
Coming to Baba Ramdev - Media people and politicians tried to somehow demoralise and degrade him. They told he has some 1000 odd crore worth assets.Then they accused him of buying an Island in ireland.One day he was in a mock court show in A TV channel and when asked about this accusation against him he told" British have looted the entire nation for hundred years. Be proud to say that we have bought land in the same British Country with legitimate money.I want more and more people to buy land outside our nation with legitimate money".What an answer.
A tree called Bharat (India ) has root of 1000 feet depth.Since 1000's of years lot many have tried to uproot it. None could do.However great cyclones,toofans etc have shaken the tree.But the roots are intact.Our nation is called "Sanatana Bharati".A mother which has no death.We come back despite of extremities.
How often when our country is salvaged by Sanyasi's.Shankaracharyaji,Swami Vivekanand all of them came when people thought the country's future is over.
The question is how can they do such things when they have nothing but which cannot be done by most powerfull people?
Answer is "They live their entire life for others".
Our Upanishad says" Fear,hungryness, Sex,sleep these are common among all species.what makes the men great is his sacrifice.His sacrifice towards others".
Thats what brings that enormous power to Anna and Baba Ramdev......................
In Geetha Krishna says:"Whenever something becomes too much ,I will manifest in one or the other form to eliminate it".
I remember this after 2 bachelors have achieved ,which could not be achieved by greatest of great .
I am talking of Anna Hazare and Baba Ramdev.One is bachelor and another is a Sanyasi.Both sleep on the mat on floor.One wears khadi and another wears khavi.But look at what they have done.Entire Govt.Machinery is running around to stop Baba Ramdev from going on fasting.
Anna Hazare has shown the country that a person with character ,even if he has not got any money,wealth,chela's and chamchas,still can do great things.
Now the govt.is like a cat with burnt tail.They are trying to hide themselves.But they can't.
Samarth Ramdas once told Shivaji - "There is Political power,there is money power, there is muscle power,there is soul power and there is godly power".
first three types of powers may dance for a while but the winner will be last two types of powers."He further tells Shivaji."You have none of the above three ,but you have enough of last two.Go ahead and you will be winner".Infact Shivaji eliminated intruders through sheer soul power..
Thats what exactly happenned and happening here also. The people at power for 64 years have danced with first three types. Now these two sanyasi's made them bow their head to the nation just through sheer soul power.Those who work for a great cause and live for others,even godly power supports them.
Kalmadi and Anna Hazare both are from Maharashtra and both were ex military service men.Maharashtra is known for producing great people who fought for greatest causes.
Anna chose the tough way whereas Kalmadi chose the other one.One slept on the floor of temple of Ranegalasiddi.Another slept in Bunglows of Delhi.One sacrificed everything for the sake of people, another sacrificed dignity of the nation for the sake of self.
But everything has an end.Krishna says "To install dharma I will manifest in different forms or through different people".
Now where is Anna and where is Kalmadi?Truth always wins.
Coming to Baba Ramdev - Media people and politicians tried to somehow demoralise and degrade him. They told he has some 1000 odd crore worth assets.Then they accused him of buying an Island in ireland.One day he was in a mock court show in A TV channel and when asked about this accusation against him he told" British have looted the entire nation for hundred years. Be proud to say that we have bought land in the same British Country with legitimate money.I want more and more people to buy land outside our nation with legitimate money".What an answer.
A tree called Bharat (India ) has root of 1000 feet depth.Since 1000's of years lot many have tried to uproot it. None could do.However great cyclones,toofans etc have shaken the tree.But the roots are intact.Our nation is called "Sanatana Bharati".A mother which has no death.We come back despite of extremities.
How often when our country is salvaged by Sanyasi's.Shankaracharyaji,Swami Vivekanand all of them came when people thought the country's future is over.
The question is how can they do such things when they have nothing but which cannot be done by most powerfull people?
Answer is "They live their entire life for others".
Our Upanishad says" Fear,hungryness, Sex,sleep these are common among all species.what makes the men great is his sacrifice.His sacrifice towards others".
Thats what brings that enormous power to Anna and Baba Ramdev......................
Last edited:
Re: Reg:Baba Ramdev and Anna Hazare
IMHO, sacrifice is not the exclusive domain of human beings although we like to think so. A pride of hungry lions who waited for 2 whole days (without going after their food - buffalo herd - which was moving further and further away from them) while one of their girls went looking for her lost cub comes to mind.Sorry for the digression, but could not help putting in a word for my much maligned animal friends.
IMHO, sacrifice is not the exclusive domain of human beings although we like to think so. A pride of hungry lions who waited for 2 whole days (without going after their food - buffalo herd - which was moving further and further away from them) while one of their girls went looking for her lost cub comes to mind.Sorry for the digression, but could not help putting in a word for my much maligned animal friends.
Re: Reg:Baba Ramdev and Anna Hazare
Raghava Ji
It is educating to read your post.We have two physical eyes which is visible,but many eyes invisible.With the Good grace 'of wise one' the invisible eyes starts seeing.Your previous post 585 is simply superb.
A simple comment can put off/on a person from doing something but the 'wise one' is beyond such comments,he dose what his nature prompts him i.e. selfless service.My best regards. PR
Raghava Ji
It is educating to read your post.We have two physical eyes which is visible,but many eyes invisible.With the Good grace 'of wise one' the invisible eyes starts seeing.Your previous post 585 is simply superb.
A simple comment can put off/on a person from doing something but the 'wise one' is beyond such comments,he dose what his nature prompts him i.e. selfless service.My best regards. PR
Re: Reg:Baba Ramdev and Anna Hazare
Gsam,
Though your understanding is correct, here is the crux of that statement from Upanishad.
Our ancestors worshipped cows. Lord Hanumanji's outer appearance is in the form of Monkey.One of the vishnu's avatar was a pig then fish.We do worship Naga, the lord of snake. Sri Shirdi Sai Baba and Lord Datta Guru all kept animals including dogs besides them.
If you are aware of Yogasana's we have thousands of postures imitating animals. It has postures that of dog, crocodile, Peacock.You name any animal it has.
The point is, since men has a thing called mind, he can scale to greater heights through his sacrifice which is tough for animals to achieve.
IMHO, sacrifice is not the exclusive domain of human beings although we like to think so. A pride of hungry lions who waited for 2 whole days (without going after their food - buffalo herd - which was moving further and further away from them) while one of their girls went looking for her lost cub comes to mind.Sorry for the digression, but could not help putting in a word for my much maligned animal friends.
Though your understanding is correct, here is the crux of that statement from Upanishad.
Our ancestors worshipped cows. Lord Hanumanji's outer appearance is in the form of Monkey.One of the vishnu's avatar was a pig then fish.We do worship Naga, the lord of snake. Sri Shirdi Sai Baba and Lord Datta Guru all kept animals including dogs besides them.
If you are aware of Yogasana's we have thousands of postures imitating animals. It has postures that of dog, crocodile, Peacock.You name any animal it has.
The point is, since men has a thing called mind, he can scale to greater heights through his sacrifice which is tough for animals to achieve.
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