Monday, January 22, 2018

22 - Jan - 2018 (-3)


I am Back !!!

After exploring 3-4 TA Systems LIVE, what i concluded is none of them giving advantage in terms of early signal, easy way of trade management, less whipsaws & also with quality of third party of data providers we have.. it is not worthy risk to go for Auto Trading.. which is my sole objective of exploring TA systems.

So back to business... will continue with DP system itself.

Hard Luck day welcomed me... NF hit n ran my SL



Posted by at

11 comments:

  1. veerJanuary 22, 2018 at 5:24 PM

    Hi Rose

    Welcome back. A simple suggestion - add volume - it plays a vital role

    Regards,

    Veer

    ReplyDelete
    Replies
    1. Only NiftyJanuary 22, 2018 at 7:08 PM

      Volume will be there on my chart all the time.. but generally i see while BO happening

      Delete
  2. gauravJanuary 22, 2018 at 5:26 PM

    welcome back rose, always good to see your posts much to learn,i do not know which trading platform and strategies you tried ,take a look at metatrader excellent platform =many free and paid strategies for robo trading, a very active community of code writers though mainly used by forex traders -another feature is the so called ;signals; which allow you to copy trades of other traders for free or for a fee , i have been following your blog for a long time along with the master blog nifty nirvana and i remember you were active on justnifty blog too , i do not trade dp system as such but read your post daily particularly for the excellent trade management .presently i am learning the market profile which is also said to be good for day trading ,---gaurav

    ReplyDelete
    Replies
    1. Only NiftyJanuary 22, 2018 at 7:16 PM

      Thank you for reply Gaurav. I feel very happy that people remember me by posts in JN.. that was long back!

      I have used Amibroker to test some of stratagies shared by other traders.
      Bollingar band + macd + Range bars
      Renko with ATR and 20 ema cross
      8, 34 ema cross
      Hull MA

      What i understood is... indicators are good and working well in a trending day.. but it is very hectic for me to watch how indicators move up n down.. mixed signals.. and watching them along with price and anticipating where next signal going to be turned difficult.

      May be these stratagies suits well for those who actively trade stocks and used to think n act with lightening speed.. i felt i am not yet ready to scale to such zone.. so decided to continue trading nifty with same way & paper trades for stocks.. i was getting an AFL prepared to alert me when ever a stock cross PDH/PDL... lets see how things go.

      Delete
    2. Only NiftyJanuary 22, 2018 at 7:17 PM

      gaurav,

      by the way, can you give me that metatrader forum link you are talking about

      Delete
    3. AnonymousFebruary 5, 2018 at 8:48 PM

      U will get alert when a script is at PDH/PDL/PDc in sharekhan scanner. You can try it.

      Delete
  3. ArvindJanuary 22, 2018 at 5:58 PM

    Good one rose, at least you boarded the right train.

    thanks

    ReplyDelete
  4. ArvindJanuary 22, 2018 at 6:09 PM

    Rose , I found this last week. See it if it has any value?

    http://www.firstpost.com/india/rakesh-jhunjhunwala-exclusive-i-only-make-mistakes-i-can-afford-and-computer-trading-is-programmed-sex-4288155.html

    ReplyDelete
    Replies
    1. Only NiftyJanuary 22, 2018 at 7:38 PM

      Arvind,

      I read it.. RJ is ultimate inspiration for us. His nifty target 1.25L in next 15 years is awesome

      Delete
  5. AnonymousJanuary 22, 2018 at 9:28 PM

    Aloha, welcome back . NIFTY is very excited to have you back after your short break, Hitting All time Highs on your presence.

    ReplyDelete

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