Trades - 29-6-12

9.30 Gap up opening - ss cross over in the opening itself, due to high gap up I am not taking this trade today, I am very much confused, will wait for dips to buy.

12:30 could have booked 20 pts. easily moved up more than 30 pts.  Fear played on my mind.  (Yesterday's sl hit.)  Need to control emotions..........  Missed the trade.  

trades - 28-6-12

9.30 bought 2 lots nf  5156 with stop loss at 5136.  Though ss crossover has occurred in the opening it self, waited for first 15 minutes for confirmation.  One of my teachers says always let the markets settle - first 15 minutes are only for aggressive traders.

10.30 No movement found.  Trailed sl to day low 5148

11.00 No movement in price, but stochastic reaching higher range.  Is is suggesting weakness ?  I am sticking to my trade with sl at day's low

12.00 No movement in price range of just 11 pts. in nifty Expiry magic !!! Guess biggies want to eat premium of both calls & puts ?

12.36 sl triggered 

today's trades - no trades today 27-6-12

Today no stochastic cross over (up) - so no trades.

I was feeling it very hard to sit before monitor with out trading - remembering the money lost previously and rules of trading learnt from Just Nifty blog teachers helped me to sit with out trading today.  Thanks a lot to all teachers of Just Nifty blog.

Recap of my trading after sticking to rules :

4 trades - all of them are in profit.  Thanks to Dinesh Rishi sir for giving me this system.

today's trades 26-6-12

Took long in nf @ 5122 on ss cross over on 60 mts. chart.  Put sl 5089 because of 5090 strong support.  Actually I was in doubt to get in to trade against JN sar.  But finally I took the trade according to my rules.  Will book profit in first lot for 15 pts. Risk reward ratio is not good, but took the trade on high probability.

11:45 :  DR SAR for bnf hit long 9990.  As my account is in red I am not eligible to trade in bnf.  Those who are with green account for 3 months with trading in nf can buy with 50 pts. sl.

13:15 booked first lot @ 5137 (profit 15 pts.)

13:30 Ohh..  power failure..  and ups is also exhausted.  So I have trailed sl to cost and by the time power has come tsl hit.    

Today's trades 25-6-2012 - no trades today 60 mnts ss did not cross over up

Today's trades - 22-6-2012

I have learned 4 days back from Mr. Dinesh Rishi sir (www.bankniftytrading.com) that we can use stochastic oscillator cross over in 60 mnts. chart to initiate longs in Nifty future.  

My first trade with this trade set up was with Nifty call option and booked 15 pts. profit with trailing stop loss.  After hitting my tsl it has given another 20 pts. but no regrets.

Yesterday 21-6-2012 I have gone long in 1 lot Nifty future and could have booked 65 pts.  but carried long till today on bullish close.  Today due to gap down opening I could not book full profit booked only small profit in that trade.

Today also I have taken long in 1 lot Nifty Future based on crossover but closed the trade at end of day with 14 pts. profit.

So far 3 success full trades with this set up.

If funds permit I will take 2 lots Nifty Future on next cross over in this oscillator to part book profit in one lot and carry the other lot with tsl.