Thursday, July 26, 2012

26-7-12 Trade dairy

JN SAR 5193 Pivot 5103

10-00 Negative cross over seen in SS in the opening it self.  Afraid of  expiry I did not take position.
But Piyush Sharda has given confidence in his comments.  So shorted 2 lots August 5120.  With stop loss of 5150 (day high 5148)

12:20 Not much movement in price, but SS lines have come down and coming near to give positive cross over.  As per my setup rules I have to exit once positive cross over is seen.

12:47 One observation SS in 30 mnts. chart has given positive crossover about 2 hours back and with out much price movement now giving negative cross over - expiry magic !!

1:00 SS lines are overlapping

1:09 SS lines have come apart, I am trailing sl to 5135 just above recent high

2:39 Booked 20 points in 1st lot.  Trailed sl to 5110 for second lot.

3:08 Trailed sl to 5090 for second lot.

Trailed sl to 5080.  Tsl hit.

With this 15 wins - 4 looses

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