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T For Trading

  #791 (permalink)
 
devdas's Avatar
 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
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This was a tough week when i could fail easily after taking three initial losses.
Apparently i was seeing Monday's losses as just those trades which i had taken in very old past on 3 minute charts in previous balance but i was helpless not to take them. My premise is to capture Weekly range and Weekly extension , and i didnt wanted to impose any discretionary thought in presuming the winning trade.

After third loss another indecisive situation appeared - whether to jump on discretionary correct but methodologically invalid Short entry or simply wait for valid entry. So far i did the same -waited for valid entry as per my methodology and got finally a trade which offset the three loosing trades of this week.


In below chart price on 24-July is from July contract and on 26-July its from Aug contract which has been on roughly 30 point premium to july on my entry.



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  #792 (permalink)
 
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 devdas 
Al,India
 
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Monday - first entry but not perfect.



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  #793 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
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Trading: NiftyFuture
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devdas View Post
Monday - first entry but not perfect.



Booked profit @5794.

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  #794 (permalink)
 
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 devdas 
Al,India
 
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No other reason than protecting profit to quit the trade. Extension are slightly on higher side on Tuesday but that would be normal in strong trends. There appeared single high volume tick which distorted dwaps in between.



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  #795 (permalink)
 
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 vikipro 
LKO+ India
VKS
 
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devdas View Post
I use OdinFeeder and data quiality is same as Odin and mostly 96% equal to esig and gfdl.
I keep historical tick data of NF since 2010. I dont know any other source.

Hi Devdas,
Thank you.
Actually I have lost about two years of tick data due to hard disk crash and no backup due to my stupidity. I have one more request- if you could share with me at least 1.5 years of nifty future front month historical tick data.
Thanks in advance.
VKS

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  #796 (permalink)
 
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 devdas 
Al,India
 
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This week had almost over for me on Tuesday itself.
There were secondary Short entries also thereafter but i didnt like higher point risk due to sudden increase in volatility . Overall a positive week when i could squeeze approx 45% range in a trade so far.



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  #797 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
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Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
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New week.


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  #798 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
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Trading: NiftyFuture
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Wrongly assessed first trade as valid Long, it was not took loss and reversed for valid short.


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  #799 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
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I was little biased for getting Long entry that caused me to take invalid long in hurry.
But at the same time intuitively i am not comfortable with short also....but blindly following methodology and ready for another loss if comes , putting aside my all intuition and discretion.



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  #800 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
Thanks Given: 1,513
Thanks Received: 1,701


I owe the credit to be fully wrong....but protecting profit.
Its Tuesday , and extension are in range of 70%, apart from this i had already biased long feeling thinking that this week might turn a consolidated dozi week, after last week big bearish candle.


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