27-11-2012 - important teaching by master

Thanks to Sujatha madam for quoting master's teaching.

"I wish to appeal to everyone: There are so many TA methods/ EW possibilities/ astrological methods/ fundamental study/ and so many other mathematical calculations, etc. And "NONE OF THEM" will work consistently.Try and adopt them to situations, take a balanced view and try to keep them as simple as possible, so that you go towards "Making Money" and not gather knowledge or get tangled up in some "Intellectual debate". - 12.3.09 Ilango"

On 3-10-2013 Illango Sir gave Stochastic settings for different time frames : 

I am pasting the same here :

Fast stochastics: 5,3,3

Slow stochastics: 14,3,3

in Day/ week/ Month T/F.

For Hour, it is

21,3,3
35,3,3

26-11-2012 Happy birthday Piyush ji

Happy birthday Piyushji,  many many happy returns of the day.

(Just now seen the JN blog)

Warren Buffet's advise - reproduced by Rishi Umrania

With thanks to Rishi Umrania 

Rishi Umrania

What Warren Buffet says about basic investing, spending, savings are so true. Most of us know it, however too many of us do not live it.

If it does make a change in your life, thank HIM (I mean God) because this is common sense. WB said it once, I am just reproducing it.

1. On Earning:

Do not depend on a single income. Invest and create a second/ third source of income:
This means when you are young your first task should be saving and investing. By creating a second source of income you are quickly reducing your dependence on your job. This could help you to set out on your own one day. The quicker you can do it, the better.

2. On Spending:
If you buy things that you do not need, you may soon have to sell things you need:

It kind of summarizes Gen X’s reaction towards ‘luxuries’. As a part of Gen X we were perhaps criticised for some of our expenses, so it could be a generational thing even for WB. However, having goals and knowing where you are going, and not spending just to ‘show off’ are important lessons for all generations.
3. On Savings:

Do not spend what is left after spending, instead spend after you save/invest:
Also called ‘Pay Yourself First’. If you realise that investing in a pension plan or for your kid’s education is just helping you to save more later on. It is not a sacrifice, it is just postponing consumption. So understand, invest and then spend.

4. On taking Risk:
Never test the depth of the river with both your feet:

If you are doing something, do small. If you are a first gen investor, do not be carried away by equity lovers like me and put all your money in equity. Do a SIP with a small amount, and test the waters. Do a SIP of Rs. X (which could be 10% of your take home pay) for 5 years and then step up. And for heavens sake understand risk of inflation, and the concept of real returns

5. On Investing:

Do not put all eggs in one basket:
Immaterial of who you are and how much you understand, create a portfolio. A full range lunch plate is always better than just one item. So create a portfolio with bonds, bond funds, PPF, NSC, equity, mutual funds, and on the risk side medical and term insurance.

6. On Expectation:
Honesty is expensive, do not expect it from cheap people:

Not everybody is honest, nor does everybody want to be honest. Honest advisers are difficult to find especially in Health and Wealth, be careful.

2-11-2012 Trade dairy

Good morning

Today's JN SAR - 5663 Day's Pivot 5632

Gap up opening.  I have taken long 1 lot minifty @ 5720 for my JN SAR.

1-11-2012 Trade dairy

Good morning

Today's JN SAR - 5674 Day Pivot 5609

10:02  Negative cross over seen in 60 minutes chart.  I will wait 5 minutes to take short position.

10:07  Taken short 1 lot minifty 5639 stop loss 20 points

11:45  My stop loss hit

12:25  Positive cross over seen in 60 minutes chart.

12:50 Positive cross over did not sustain.  Lines are coming apart.

31-10-2012 Trade dairy

Good morning

Today's JN SAR - 5683 Day's Pivot 5626

SS lines are in over sold zone and as JN SAR is in short mode I will wait for them to come up and give negative cross over.

11:47  Negative cross over seen in 30 minutes chart some time back.

Learning from JN blog :

J.R.Julius said...

As Market is Grinding - I just share my thoughts/great lesson learnt from the years for the new traders.

Trade Stress/Block - When it will Happen?

1# Not have backtested Strategy.
One should have simple strategy like SAR for positional & Trendline/Sup/Res/Pivot based for Intraday. Without a Map one can never earn consistently.

2# Watching Multiple Indicators/Data
It will simply destroy the discipline of your trading career. Multiple Inputs/Watching Others Map/Opinions/Ideas/Indicators/*NEWS make doubts in your own Map. It will create a Mental Block and you will automatically Ignore your strategy entry.

Solution:
1# Always Have 4 NUMBERS in Mind. (1)Entry (2)Part Booking (3)Exit & (4)Stoploss.

2# When ever read others opinion/Indicator/anything take it lightly with educative mindset. After Market Analyse/Study anything but during the trading focus on your MAP.

3# Never search for better MAP surely it will increase the distance of your winning.

MAP is Everything....

Keep Faith in Your Map....

Get Rich Slowly and Quietly....

October 31, 2012 12:10 PM

12:23 SS lines are coming near to give negative cross over in 60 minutes chart.

12:31  Negative cross over seen.  Shorted 1 lot minifty @ 5618

12:50  SS lines have come apart in 60 minutes chart.  I am still holding my short.

1:02  Positive cross over seen in 30 minutes chart.

1:42 stop loss hit for my short. Exited short @ 5643

1:51 Price is going down after eating my stop loss.........

30-10-2012 Trade dairy

Good morning,

Today's JN SAR - 5688 day pivot 5670

SS lines are showing positive cross over.  As JN Sar is in short mode I will wait for negative cross over or JN SAR to take fresh trade.  After email interaction with Piyush Sharda ji I have removed my lead indicator condition for my trades.  He explained that by the time master's lead indicator turns it will be late to take position according to data ( back testing ).  Thank you Piyush Sharda ji for your continued guidance.

11:02  Negative cross over seen in 60 minutes chart.  Will wait for 5 minutes before taking short.  Because of RBI announcement.  Big volatility expected.

11:10 Sold 1 lot minifty 5670

11:12 Trailed stop loss to 5660

11:14  Trailed Stop loss triggered

11:31 I have trailed stop loss too quickly and it hit.  Now it is trading 5642.

11:50 I have lost excellent trade.........  Now trading @ 5632

12:01  Booked out my second lot JN Short @ 5632.

12:54 SS lines are coming near to give positive cross over in 30 minutes chart.

2:18  SS lines are over lapping to give positive cross over in 60 minutes chart.

29-10-2012 Trade dairy

Good morning

Today's JN SAR 5689 (+ filter 20 points), Day's Pivot 5668

SS lines are showing positive cross over.  I will wait for them to give negative cross over or JN SAR to take fresh position.

10:38 Negative cross over seen in 30 minutes chart.

11:52 SS lines are coming near to give negative cross over.  But Master's lead indicator is still showing upwards, so will not take SS trade unless it turns down.

12:02 SS negative cross over seen at 12:00 in 60 minutes chart.  Those who do not count Master's lead indicator may take short if sustains for 5 minutes.

1:15  SS lines are coming near to give positive cross over.

2:52  I have not taken trade because of Master's lead indicator showing upwards.  But after an hour It has turned down.  I did not check that in proper time to take the trade..........

26-10-2012 Trade dairy

Good morning

Today's JN SAR 5688 - Day Pivot 5703

SS lines are in over bought zone.

JN SAR hit in first 15 minutes, I have waited and reversed my longs to shorts after orb @ 5706.

11:03  SS lines reached oversold zone in 60 minutes charts.

11:22 Now spot trading @ 5669  master said it may reach 5663 (wema) or lower.  So will book my SS short taken @ futures 5706 @ 5663 spot.

12:09  Price is moving side ways, but SS lines in 30 minutes chart are showing crossover.

1:09  Positive cross seen in 60 minutes chart.  Exited my SS short 5705

1:55 SS lines are over lapping to give negative cross over in 30 minutes chart.

2:05 Covered 1 lot minifty @ 5643 spot in view of support 5640  futures 5678.  Due to premium adjustment I could not get as many points as spot.  Now holding only 1 lot minifty short.

25-10-2012 Trade dairy

Good morning

Today's JN SAR - 5683  Day's Pivot 5698

10:55 SS lines in 30 minutes chart are showing positive cross over.

1:01 Negative cross over seen in 60 minutes chart (due to passing of time)  Price is moving sideways.

2:37  Price moving side ways, SS lines in 30 minutes chart are showing positive cross over again.

2:43 Cross failed in 30 minutes chart due to next candle in 5 minutes chart.

23-10-2012 Trade dairy

Good morning

Today's JN SAR - 5681 (-20 points for second day) Day Pivot - 5699

Negative cross over seen in the opening in 60 minutes chart.  As JN SAR is in buy mode I will wait for SS lines to come down and and give positive cross over.

10:05  SS lines are coming down due to passing of time, but price not coming down.

10:45 ORB broken down side briefly 

11:55 Positive cross over seen in 30 minutes chart.

12:48 SS lines have come apart in 30 minutes chart.

2:01 Positive cross over seen in 30 minutes chart again.

2:19 Positive cross over seen in 60 minutes chart.  Will wait for 5 minutes to see if it sustains and then take long in 1 lot minifty.

3:00 From my next trade on wards I will see Master's lead indicator also (can be seen on blog, updated hourly).  At present it is turned down.  I will take SS trade only if it also in the same direction.

22-10-2012 Trade dairy

Good morning,

Today's JN SAR - 5681 (-20 points filter)  Day's Pivot 5685

SS lines are on over sold zone.

9:17  JN SAR with filter broke in the opening 2-3 minutes, I am waiting for ORB.

9:32  SS lines have come out of oversold zone and ORB broken upside.  Though I am feeling market may fall more, as per trade rules I bought 1 minifty 5676.   Stop loss 5656.

(Illango Sir has suggested sell on rise)

9:54  in 30 minutes chart negative cross over is seen.

10:01 Negative cross over seen in 60 minutes chart.  Will wait for 5 minutes and if sustains I will exit.

10:07 Exited @ 5672.  Price is moving in a small range but as per rules if reverse cross over is seen I have to exit so exited.

10:15  Today I am getting some office work which will take full time for few weeks.

10:28 SS lines in 60 minutes chart has come apart from negative cross over and 30 minutes chart SS lines are over lapping to give positive cross over.

11:07 I think price has come down only to make my SS trade exit.  (reverse cross over sustained for 5-6 minutes).  Only after I exited my long it price is moving up.

12:31  Negative cross over seen in 30 minutes chart.

1:02  SS lines in 1 hour chart are coming near to give negative cross over.

2:01  SS lines are still near in 60 minutes chart to give negative cross over.  But in 30 minutes charts they are coming near to give positive cross over.

19-10-2012 Trade dairy

Good morning

Today's JN SAR - 5683 (-20 points filter) Day pivot 5697

SS lines are in over bought zone.  I will wait for them to come down and give positive cross over.

10:30  SS lines have reached over sold zone in 30 minutes chart.

11:00 Price moving in a small range.  In 30 minutes chart SS lines are overlapping (due to passing of time).

11:10  Positive cross over seen in 30 minutes chart.

11:47  Please watch how the price is moving in a small range in 5 minutes chart

12:05  SS lines reached oversold area.  (Price not moving but SS lines are moving due to passing of time)

12:13  Range broken downside.  Price reached JN SAR with out filter.

12:40  Again negative cross over seen in 30 minutes chart.

1:05 Positive cross over seen in 60 minutes chart.

Bought 1 lot @ 5699  Stop loss JN SAR stop loss on spot basis. (5663 spot.)

2:16 One red candle made the SS lines parallel till now.

Stop loss triggered reversed all positions to short @ 5666  Stop loss 5683 spot

3:05 My stop loss triggered again reversed to long @ 5689 with stop loss @ 5663 spot

18-10-2012 Trade dairy

Good morning

Today's JN SAR - 5686  Day's Pivot 5660


SS lines are showing positive cross over in 60 minutes chart.  I will need to wait for negative cross over or JN SAR.

10:35  Negative cross over seen in 30 minutes chart.

JN SAR long triggered bought 4 lots @ 5705, 1 for reversal, 2 for fresh long, 1 for SS cross over.

I made a mistake by 1 point.  I took long on cross of 5685 instead of 5686,   I will wait for 10 minutes for reversal.

11:35 Now triggered.

Small resistance in nf.  It will need to clear it to go up, but JN SAR trade I have to take as per rules so took it.

Trailed stop loss for SS trade long @ 5710.  (price made a high of 5731 so far)

12:08  Exited SS long @ 5720.  (in 5 minutes chart price is moving sideways, I have booked profit as I am expecting my stop loss may get hit, as we have taken position due to JN SAR hit and not due to cross over, means we have taken long after cross over has already given some points.)

12:38  My trailed stop loss of SS trade was 5710.  Price made a low of 5713.  Did not hit my tsl till now.

12:44 SS lines in 30 minutes chart are over lapping to give negative cross over.

12:50 My TSL hit for SS trade now .  (I already booked profit in this trade.)

1:03  Is price touching trend line and going up ?

1:12  Small positive divergence in 5 minutes chart. (Many seniors say we always can interpret what we want on charts)

1:17  This positive divergence has given 10 points.  In my paper trade.

17-10-2012 Trade dairy

Good morning

Today's JN SAR - 5691 Day's Pivot 5666

SS lines are in over sold zone and showing positive cross over.  As JN SAR is in short mode, I will wait for them to come up and give negative cross over.

10:00 I think only due to gap up opening SS lines are showing positive cross over, because price is falling but SS lines are raising.

10:31  Negative cross over seen in 30 minutes chart.

12:10  SS lines in 60 minutes chart are coming near to give negative cross over.  Once overlapped but cross over not yet seen.

Today I am again in confused state of mind.  As Illango sir has mentioned Nifty may take support @ 5635 and may give small bounce.  Now spot is around 5645 means there is support just in 10 points distance........  I will take short only below 5630 spot even if cross over is seen now.

12:22 SS lines have come apart from overlapping position.

1:17  Negative cross over seen in 60 minutes chart.

Strong itching in hand to book out remaining lot of JN SAR short and take short only below 5630.  But last 2 JN SAR trades (before the whipsaw one) I have exited too early and JN SAR has given very good results.  So not trading remaining 1 lot.

2:02  SS lines are looking as if coming apart......

2:10  SS lines are again showing cross over.......

2:20  In another comment Illango sir said "Above 5655 only, larger retrace possible".  Now as the price bounced from 5635 and not moving very high, I will take short 1 lot minifty with stop loss 5660 spot.

2:23  Took short 1 lot minifty 5655.

3:07  Exited short as reverse cross over is seen @ 5669.

16-10-2012 Trade dairy

Good morning,

Today's JN SAR - 5698 (+ 20 points filter)  Day Pivot 5677

9:48 Negative cross over seen.  I will take short if sustains for 2-3 minutes

9:50  Took short @ 5713 with stop loss of 5733

I have taken this 9:53 after 2-3 minutes SS lines are not showing negative cross over..  (They are overlapping)

10:53  Price moving in small range of 10 points, watch in 5 minutes chart.

11:02 Small range broken on downside.

11:08 Again price entered range.

As Illango sir has put JN SAR as 5698 in the chart.  I am worried about filter kept by me.  As well I took short according to SS cross over also.  I will trail stop loss very tightly to 5720.  Just above the small range.

11:48 Exited my SS cross over short @ 5716.  Bank nifty is raising very fast and may pull nifty also up.

11:55 Trailed stop loss hit - I have exited before 4 points.  Actually my teacher says it is bad idea to change stop loss frequently - but he also said when it doubt get out.  Due to confusion on filter to be applied or not, my mind is not clear so exited the position.

12:06  Positive cross over seen in 30 minutes chart.

1:15  Price did not sustain above 5710 spot and came down.  Now Negative cross over seen in 30 minutes chart.  Today Price broke small range on down side first and on up side again now broken down side.

1:30 Price is coming down sharply.  JN SAR stop loss with out filter hit.  So JN SAR is surely short now.

2:05 Part profit booked in JN SAR short 1 lot minifty @ 5676 (due to support seen) on advise of one of senior JN SAR traders.

2:20  Fear did not allow me to stick to SS cross over short and booked loss of 3 points (first trailing stop loss and then booking even before TSL is hit)  and it has not reached my original stop loss and giving more than 30 points.  My fear and my greed or my enemies.  Basically due to confusion over JN SAR filter I could not stick with my trade.

3:15  Positive cross over seen in 30 minutes chart.  (If held on to my JN SAR short with out booking could have booked first lot at 50 points.)

15-10-2012 Trade dairy - No trades

Good morning

Today's JN SAR 5705 - Day Pivot 5687 (I will check for filter of 20 points)

SS lines are in over sold zone.  As JN SAR is in short mode, I will wait for them to come up and give negative cross over.

10:35  SS lines are not willing to come up in 60 minutes chart.

In 30 minutes chart they have give positive cross over due to passing of time.  (But did not sustain for 5 minutes.)

11:20  If price goes to 5644 spot, I will book part profit on 1 lot minifty (my short triggered on Friday @ 5694 spot) now trading @ 5659

11:41  Today's inflation data did not make much movement in price (on release).

12:05  Positive cross over seen in 60 minutes chart.

12:30 SS lines in 30 minutes chart are over lapping to give negative cross over.  While in 60 minutes chart they are not moving up after positive cross over.

1:00 SS lines in 60 minutes chart are almost reaching for over bought zone.  In 30 minutes chart they are already in overbought zone.

3:00 SS lines in 60 minutes chart are overlapping to give negative cross over.  For today, I will not take position as it is coming after 3 p.m.

12-10-2012 Trade dairy

Good morning

Today's JN SAR - 5714 (- 20 points filter on first day) Day's Pivot - 5689

SS lines are in over bought zone.  For JN SAR longs taken yesterday I may need to reverse in the morning.  I will wait for ORB to take JN SAR trade.

9:53  ORB still not broken  so far, negative cross over seen in 60 minutes chart.

10:05  Nifty spot ORB broken upside, but futures yet to brake out.

Master (Illango sir) has given crystal clear advise :

Please read his update:

For a person who trades based on just the JNSAR number, the JNSAR for 11th was "5720" and it triggered only @ 3.29PM and hence the close can not be above it. And the JNSAR shorts would have remained and it will have the JNSAR trigger for the day @ 5714.
Since I had a bullish view in the ST & have been suggesting a reversal from either Thu/Fri around the 1st major support @ 5640 and a reversal did take place, I took 12th JNSAR after 3.00PM & taken a long trade.
The conservative trade SL@5755(80% of the rise from 5637 to 5721) protected & Nifty took support @ 5659(73.6%) due to adverse Infy news(Note BN did not have such a sharp fall).
There are two options here:
A. Reverse the trade @ 5694 with a SAR @ 5714.
B. Hold the long trade with 5682(21 Hr sma as SL for an hour & raise the SL higher later)
Do not come into the market unprepared. And once prepared, do not waver. Remember your preparation should have plans for contingencies/ for the unexpected happenings.
There are choices to be made and there is a small price to it if you act systematically.

Now choice is mine to decide.  So I took 5682 as SAR for my longs.

10:52  SS lines are coming near to give positive cross over in 30 minutes chart.

10:57  Now the price is trading near 5714.  So I have changed my SAR level to 5694.  (As master said raise the SL higher later.)

12:05 Negative cross over seen in 30 mnts. chart.

12:15  Today is testing time for me.  Price trading @ 5700

12:22 JN SAR triggered reversed to short @ 5708 two lot minifty.  Now SAR 5714 spot again

12: 28  Also took 1 lot minifty short for SS trade @ 5705.  SS lines are in negative cross over.  But I did not took short position as JN SAR was long.  Now JN SAR has hit for short I took short for SS negative cross over also.  Last time I had to come out with only 5 points profit in this situation as reverse cross over has come within few minutes.

12:40  For my SS lot I am trailing stop loss to 5698.

12:53  Tsl hit for my SS trade and booked @ 5698.

1:38  Previously I have changed my stop loss to 5694 but master said

Since the current rise could be either 
1. a reversal accompanied by +ve div in Hour & OS day

OR

2. a corrective bounce for the fall of '5815-5637',

"trading one's position" is the smart thing to do.

Our observations accordingly mentioned below sometime ago could have been used to capture 40 points:

Ilango said...
More strength only above "5725".

Nifty could consolidate between 5680 to 5720 before deciding on the next move.

Manage your trades accordingly.
October 12, 2012 11:30 AM

It is meant to manage your trades, however you are positioned.

If you were long, you could have booked out @ 5720 and covered it @ 5680 while still holding longs. OR

Alternately, you could have raised the SL after 11.00AM, suggested in "Nifty Intraday update-I" post and sold at the break of 5714 after 12.00.

And if you were short, you part book @ 5680, capturing some points to manage the whipsaw.

3:00 Sharekhan Trade Tiger is not working well today.

11-10-2012 Trade dairy

Good morning

Today's JN SAR 5720 Day's Pivot 5662

SS lines are in oversold zone ready to give positive cross over.  As JN SAR is in short mode I will wait for them to come up and give negative cross over.

9:36  Positive cross over seen in 30 minutes chart.

10:25  Positive cross over seen in 60 minutes chart (due to passing of time) but both lines are almost parallel.

11:07 Negative cross over seen in 30 minutes chart.  Still SS lines are parallel in 60 minutes chart.  Price is moving in a small range. (watch 5 minutes chart.)

1:20  SS lines are reaching over bought zone.

2:05 Now the price has come close to JN SAR.

2:37  Now Illango sir said This price action changes to "Buy on dips" till 5660 is not broken(aggressively 5680 not broken).

3:05  Now Illango sir changed JN SAR to 5714 in chart.

3:14 I have exited my JN SAR at 5730 at cost.  Will take long in last 5 minutes.

3:23 Bought 2 lots minifty @ 5742

10-10-2012 Trade dairy

Good morning,

Today's JN SAR - 5720 (+20 points filter 2nd day) Day's pivot 5704

SS lines are in negative cross over in lower half.  As JN SAR is in sell mode I will wait for them to come up and give negative cross over to take position.

9:24 booked first lot minifty JN SAR short @ 5690

9:48  SS lines are overlapping to give positive cross over in 60 minutes chart.

12:10  SS lines have come apart after some time and still staying apart.

12:45  SS lines are overlapping to give positive cross over in 60 minutes chart.   Cross over seen in 30 minutes chart.

1:21  Positive cross over has come in 60 minutes chart and it is not sustaining......

May be no SS cross over trade today also......

1:45  SS lines in 30 minutes chart are coming near to give negative cross over.

2:25 Positive cross over seen in 60 minutes chart once again.

3:10 Even this cross over did not sustain.

Today I did not wait for at least 50 points in JN SAR and booked due to gap down opening.   Again feeling booked out early.

9-10-2012 Trade dairy - no trades

Good morning,

Today's JN SAR 5714 (+ 20 points filter for first two days)  Day's Pivot 5698

SS lines are in oversold zone.  As JN SAR is in sell mode, I will wait for them to come up and give negative cross over.

If JN SAR with filter hits 5734 (spot hits) I will close shorts and go long with 20 points stop loss.

10:00  SS lines are moving up.

Master said "Whipsaw is likely", still I am waiting with my number.

10:08 Master has modified jn sar to 5741 in chart.

10:31  Negative cross over seen in 30 mnts. chart.

10:51  Negative cross over did not sustain in 30 mnts. chart.

12:40  SS lines are coming near in over bought zone.  But price is still in sideways mode.  If price does not rise from here we may get negative cross over @ 1 p.m. due to passing of time.

I am in a confusing state of mind now.  As the price is above JN SAR level but below JN SAR with filter.  I will wait to take position even if cross over is seen (due to passing of time).

1:05  Negative cross over seen in 60 minutes chart.  I am not trading this cross over.

1:22 I have not traded this cross over and it is giving good results.  My teacher said many times when you see your trade setup signal - act with out fear.  Still I was giving more importance to the another saying of my teacher "when in doubt stay out".

2:05  Positive crossover likely in 30 mnts. chart.

8-10-2012 Trade dairy

Good morning,

Today's JN SAR - 5703  Day pivot 5756

I have exited my long in last minutes of trade on Friday due to fear of gap down opening.

SS lines are still showing positive cross over in 60 mnts. chart, but very near to give negative cross over.  In 30 mnts. chart they have given negative cross over and near over sold zone.  If they give positive cross over I will buy on sustaining for 5 minutes.  Other wise negative cross over will come in 60 minutes chart.  I will wait for positive cross over in 60 mnts. chart.  Or JN SAR take short position if JN SAR triggers. ( JN SAR is on spot price presently trading @ 5733 approx 30 points away. )

10:00 Negative cross over seen in 60 mnts. chart.  Now I have to wait for positive cross over or JN SAR hit.

Last two times I have booked only 20 points & 39 points on JN SAR trade.  At least this time I want to continue to hold the position and hope to book more points.

10:47  Price not moving much.  In last 30 minutes we can take position according to tomorrow's JN  SAR that is 5716.  Today's day low ema is 5709, if price goes below this we can say sell on rises.

11:35  Positive cross over seen in 30 mnts. chart but very low movement in price so far.  Meanwhile Tomorrow's JN SAR has been breached once.  In 60 minutes chart SS lines have almost reached oversold zone.

12:08  Just to observe and learn how SS lines move with passing time, I am pasting 30 mnts. & 60 mnts. chart below.

With out much movement in price we can see SS lines raising in 30 mnts. charts.  SS lines are coming near in over sold zone and another hour passes with out much change in price they may give positive cross over.  This is the reason I am afraid to take position on cross over due to passing of time.  Several stop losses hit so far, but today, if cross over comes it comes very near to JN SAR in oversold zone. I will take position if cross over sustains for 5 minutes.

12:37  With price moving down, SS lines in 30 mnts. charts are showing negative cross over.

12:41  Took short 3 lots minifty @ 5730 (2 lots for jn sar & 1 lot SS cross over.) as 5 minutes candle closed below 5703.  Now stop loss is on spot basis 5723.

I do not know that whether price has to sustain below jn sar for 5 minutes or a candle close is sufficient.  So I took short on 5 minutes candle close.

1:07  Positive cross over seen in 60 mnts. chart (due to passing of time), If sustains for 5 minutes I will need to close one lot short.

1:24 Exited 1 lot @ 5725 sold for SS cross over as reverse cross over seen in 60 mnts. chart.

1:28  SS cross over failed price reached 5715.  (As I was thinking of cross over due to passing of time may not sustain, but as per rule I exited)

1:44  Price reached 5709 my first target price if traded more lots for SS cross over.  I have already closed one lot on reverse cross over.

2:56 Price moving side ways.  Nifty spot after making low of 5675 now trading @ 5689.

3:31  Carrying 2 lots minifty shorts as per JN SAR.  Tomorrow JN SAR will have 20 points filter.

5-10-2012 Trade dairy

Good morning,

Today's JN SAR - 5685 Day's Pivot - 5782

SS lines are showing negative cross over in 60 mnts. chart.  I am expecting positive cross over in the opening itself.  Will wait for ORB to take position.

9:33 Positive cross over seen in the opening.  Waiting for orb saved me.  Cross over did not sustain and ORB broke down.   As JN SAR is in buy mode, will wait for positive cross over.

Some technical problem in exchange has come.

10:18  SS lines are overlapping to give positive cross over in 60 mnts. charts.

11:47 Stochastic small positive divergence in 5 minutes chart.

12:08  SS lines are coming near to give positive cross over.  Positive cross over seen in 30 mnts. chart.

12:38  SS lines have come near and stayed there from 30 mnts.   If price does not fall, may show cross over @ 1 p.m.

1:01 Can see the effect of passing of time in the fallowing two snapshots.

I will wait for 5 - 10 mnts. to take position.  Previously  my stop loss was hit when I took position on cross over due to passing of time.  Hence hesitating to take position immediately.

1:09  Took long 1 lot minifty @ 5777  with stop loss  @ 5757

2:00 SS lines are coming near to give negative cross over in 30 mnts. charts.

2:56  Price reached 5788

3:00 Positive cross over seen in 30 mnts. chart.

3:10 Positive cross over did not sustain in 30 mnts. chart.

3:18 Will not carry this position for tomorrow will exit in last 5 mints.

3:26 Exited @ 5777