TaiChi Price Action - Intraday Trading Strategy

Taiki

Well-Known Member
#1
Dear Friends,



Happy Ganesh Puja to all. May the god of wisdom and remover of all obstacles make your trading path smooth, enjoyable. Wishing you all good and prosperous trading days ahead.

Guys,

Starting this thread to share my intraday price action trading strategy which I have been trading with quite successful results.

I got introduced to price action trading by Jagankrish and Gurmy from traderji forum. Many thanks to them. My first systematic learning started from Lance Begg's YTC book series. And last year I was applying the same method to trade intraday. I must say, the YTC series is a very good and useful book to get started with price action. Through the course of time I have blended and developed those system to suit my style and personality.

My learning on trading started with Traderji, and is still continuing. And now this is time to give something back to this forum. I hope traders who are applying only price actions in their intraday trading will find this thread useful.

Regards
Taiki
 

Taiki

Well-Known Member
#2
TaiChi Intraday price action trading is having 3 main categories and few sub categories under each main categories.

Right approach (Trading Psychology)

1. Having the right frame of mind.
2. Setting the Goal.

Proper money management plan

1. Defining trade risk
2. Defining Business Risk
3. Stop loss and position sizing

Objectively defined trading rules.

1. Trading Instruments
2. Market Structure Analysis
3. Determining Trend and Trade direction.
4. Trade Setups
5. Trade Management & Exit

Note : I will convert the above mentioned points to a hyper-link pointing to the respective post once I write up those posts.

Regards
Taiki
 
Last edited:

Taiki

Well-Known Member
#4
Were there any threads or compilation from Jagankrish and Gurmy which can be read?
No, Gurmy introduced me to the YTC series and JK had guided me whenever I had difficulties. No documented records were kept.

Regards
Taiki
 

XRAY27

Well-Known Member
#7
@Taiki

First of all thanks for your effort/s to contribute towards traders in TJ

iam a PA trader.. nice to see that a thread is started on this auspicious day..may this

thread serve all the traders towards there betterment of trading
 

Taiki

Well-Known Member
#10
@Taiki

First of all thanks for your effort/s to contribute towards traders in TJ

iam a PA trader.. nice to see that a thread is started on this auspicious day..may this

thread serve all the traders towards there betterment of trading
This is an awesome effort to help others ! :thumb: :clap: :clapping: :) :D
Thank you XRAY, and RkKarnani bro for encouraging words..

My price action journey started from Lance begg's book. And as I continued applying them intraday I felt few lacking points (not because Lance Begg's theory was incomplete, But because I found little difficult to adapt to them and following them). So I started exploring and developing/modifying and to create a price action trading strategy to suit my personality and style. And after baclktesting and paper trading I also saw good results by trading them.

Therefore I am sharing the same here in the hope of others TJ price action traders may learn and find something useful.

Regards
Taiki
 

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