Its a bit late in the year to wish you all a happy new year - but since I haven't blogged for long - please excuse my belated wishes. I wish you all a very satisfying year - and may all your goals become a reality in this year.
There were many reasons for not posting - moving houses, moving cities, work load and last but not the least - going through a dry patch in which I was feeling a bit disconnected from Indian markets - I wasn't sure of what directions we were going to take - and being a trader - I need to feel sure of not just the overall direction but the timing of the moves as well - as my stops are relatively small.
Over the years - my trading has gone through a lot of changes ( as I am sure everyone's does) - starting as a purely discretionary trader and now having traversed the full spectrum and ending up as an almost purely quantitative trader. This came about largely as a desire to "know" more about what I was doing and to have a method/s in place which was/were consistent through the passage of time. A lot of the times - emotions play havoc with discretionary trades - with fear and greed inevitably taking over at some point, - sure, the same factors can affect systematic trading as well - but there is less chance of that overall.
Given the nature of systematic trading - I spend a lot of the times playing around with data and statistics and charts in general and keep trying to come up with fresh ideas and perspectives to look at the markets. In the last few weeks - I have been working on a Trend Detecting Algorithm - which tries to detect the prevalent trend in the markets and also to identify places of support and resistances which can offer a good reward/risk potential for putting on a trade. Although - not a system in itself yet - I found the visual results interesting and am posting a couple of self-explanatory charts for you to look at. Do drop me a line if you like/dislike these charts.
See you soon - and hopefully much sooner this time.
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| Nifty Trend Chart |
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| Infosys Trend Chart |
The comments and posts published in this blog are NOT trading recommendations. They can not be considered as trading calls or advices. If you decide to use the information offered here for your real trading, it is at your own risk.
