My holy grail Las vegas casino style day trading strategy

[Taiki]

Today booked...........16 k loss...........:annoyed:

I too did a mistake in the morning, violated one of my rule, Took one short trade when chart was telling me something else. Got a loss around 40+ points because market moved too first against my position and I could not even order the SL.

Took the loss with a heavy heart, but thankfully now in one long trade recovered them all. Need to focus now for today's daily target.

Dont worry raj bro, you too will recover the loss..:thumb::thumb:

It seems like a head and shoulder pattern in NF hourly chart, may be NF can give a reversaL from 5480-5490 level. Lets see

Regards
Taiki

 

[timepass]

The new and renowned RBI Governor Raghuram Rajan, looking very smart and confident enters RBI building to take charge. Lots of media attention, crowds and staff cheering and clapping to welcome him. Watching live media coverage... It's like in hindi movies, the hero enters, to challenge the bad guys - in this case its falling rupee, inflation, trade deficit etc. Let's hope he wins and manages to turn things around for the country and the economy. Only the political clowns should not intervene and make the grim situation worse.

Jai ho!

Yeah young Global genius..........RBI ka Rajnikant........(South star).........

I think that the market will very soon KLPD this Rajnikanth too.

 

[TradeJoker]

lo... BNF ka parivar niyojon kardiya mei

 

[DSM]

TR, Main trend is down. One day (today) cannot change that. Only Nifty above 5,550 will be a decider of the trend.

However, a lot of factors can rattle the market :

Syria airstrike - most likely to happen. Obama has approval from key Republicans, whose support he requires for bombing. It is a start of military action with no one knowing how it will end, and how it will impact the markets.

Oil - Can spike up on war fears. (Today Profit booking in oil after a sharp runup)

USDINR - Also seems like profit booking today after a run up. Can reverse anytime if there is talk without action from RR.

Fed. meeting on Sep. 17-18 - Key event for global equity, bond, commodity and currency markets.

Trade with caution - if long... as external events can impact the market negatively on overnight news.

Another event not factored in but can roil the market : Japan nuclear plant leak. There is only bad and negative news on this front - unfortunately. I fear as to the impact of what can happen if things keep getting bad as is happening now.

ur earlier analysis god call is working , yesterday hysteria only due to syria problem.........:thumb:

 

[DanPickUp]

@DSM

What about your 33% you told you will accept to give back to the market? BNF nearly up 200 points and Nifty up 100 points excately at the moment I made that post. Any action you toke? Just wondering.

Take care / DanPickUp

 

[DSM]

Dan, Trader's instinct. After a sharp fall yesterday, was expecting a gap down/weak opening for Nifty and Bank Nifty, but Pre-open was stronger than expected.

Another signal - was watching USDINR pair (it has inverse co-relation to stocks) and 5 minutes before stock markets could open, showed a downside move, which signaled that our market could move up.

On open, the first three one minutes bars was below yesterday's close for Nifty and BankNifty so I squared off my shorts adding to yesterday's earned profit.

The exit - is also a part of trading philosophy, which I had read - Be rigid with rules, flexible with targets - Mark Douglas. So if the market is moving in a manner that it should be not, one can forget about the system, and take what's on offer. Chance to enter the position again will always exist.

After open, both the 1M and 3M chart, were showing a buy - but let is pass. It was a contradiction for me, as the main trend was down, but intraday 1 and 3 minute chart was up. So did not trade this contradiction though the intraday buy trigger was clear many times since open.

Presently - no position. Still digesting my winnings. Though this is not exactly what a professional trader should do. Still have a lot to learn and IMPLEMENT in my trading.

@DSM

What about your 33% you told you will accept to give back to the market? BNF nearly up 200 points and Nifty up 100 points excately at the moment I made that post. Any action you toke? Just wondering.

Take care / DanPickUp

 

[Taiki]

I too did a mistake in the morning, violated one of my rule, Took one short trade when chart was telling me something else. Got a loss around 40+ points because market moved too first against my position and I could not even order the SL.

Took the loss with a heavy heart, but thankfully now in one long trade recovered them all. Need to focus now for today's daily target.

Dont worry raj bro, you too will recover the loss..:thumb::thumb:

It seems like a head and shoulder pattern in NF hourly chart, may be NF can give a reversaL from 5480-5490 level. Lets see

Regards
Taiki

:clap::clap:

60+ points in short trade

Regards
Taiki

 

[Tlahuicole]

:clap::clap:

60+ points in short trade

Regards
Taiki

covered the short trade soon as I had to start to office, I envy you taiki

just kidding, good going bro :clapping:

I will PM you for advice before I plan on quitting, you need to guide me on steps to become a full time trader

Good day today

 

[rajgreenpeace]

:clap::clap:

60+ points in short trade

Regards
Taiki

Today I did several mistake..........totally indiscipline.............Kitna bhi bara trader ho indiscipline trading karogay tu.........Market will kick out us......

@ Taiki..........:clapping::clapping::clapping::clapping:

 

[Taiki]

covered the short trade soon as I had to start to office, I envy you taiki

just kidding, good going bro :clapping:

I will PM you for advice before I plan on quitting, you need to guide me on steps to become a full time trader

Good day today

haha,

Ever since I have left job, my trading room, and trader ji forum has become my living place cum workstation cum office cum source of entertainment.

Regards
Taiki