Wednesday, July 11, 2012

11-7-12 Trades

9:30 Stochastic is staying above 80 dotted line.  Will have to wait for it to come down and then for positive crossover

10:07 Negative cross over seen

11:40 Not much movement in price, but ss lines are coming down

1:00 ss lines are coming near

1:11 ss cross over seen bought 2 lots @ 5342 sl 5320

1:55 sl hit

Lesson learnt today :

after cross over seen and I bought 2 lots cross over failed and lines moved apart, next time I will exit with out waiting for sl and will take the position on next cross over

2:20 cross over seen again bought 2 lots @ 5330 with sl 5310

3:00 exited @ 5320 both lots

Today's tally 9 wins 4 losses (though 3 out of 4 losses are tsl hit I still count them as losses as I have closed them in loss.  Only during one loosing trade i.e. today, stop loss hit, that too after crossover failed also I have not exited the trade)

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