JN SAR 5150 Day pivot 5109
9:38 JN SAR crossed (5150 Spot) bought 2 lots @ 5168 with stop loss 5140. Actually we have to take short position if spot goes below 5130.
This is my first trade according to JN SAR after starting my trade dairy.
Please visit http://tradeinniftyonly.blogspot.in/ for rules of JN SAR trading.
11:00 not much price movement, SS lines reaching top dotted lines.
12:00 not much price movement, SS lines are coming near to give negative cross over. Will have to exit on negative cross over as JN SAR is in buy mode and wait for positive cross over.
12:35 I have placed profit booking order @ 5188. Price touched 5188 but my trade did not completed.
Waiting ........
12:39 booked profit in first lot @ 5188 trailed stop loss to 5178 for remaining lot.
13:26 Nifty reached 5198, I have trailed sl to 5188
13:34 Negative cross over seen in SS lines exited 2nd lot 5189
With this 17 wins and 4 looses
2:50 Negative cross over failed nifty future now trading @ 5200
3:20 Nifty touched 5224 - no regrets - My exit rules say - if reverse cross over is seen close the position with what ever profit or loss.
9:38 JN SAR crossed (5150 Spot) bought 2 lots @ 5168 with stop loss 5140. Actually we have to take short position if spot goes below 5130.
This is my first trade according to JN SAR after starting my trade dairy.
Please visit http://tradeinniftyonly.blogspot.in/ for rules of JN SAR trading.
11:00 not much price movement, SS lines reaching top dotted lines.
12:00 not much price movement, SS lines are coming near to give negative cross over. Will have to exit on negative cross over as JN SAR is in buy mode and wait for positive cross over.
12:35 I have placed profit booking order @ 5188. Price touched 5188 but my trade did not completed.
Waiting ........
12:39 booked profit in first lot @ 5188 trailed stop loss to 5178 for remaining lot.
13:26 Nifty reached 5198, I have trailed sl to 5188
13:34 Negative cross over seen in SS lines exited 2nd lot 5189
With this 17 wins and 4 looses
2:50 Negative cross over failed nifty future now trading @ 5200
3:20 Nifty touched 5224 - no regrets - My exit rules say - if reverse cross over is seen close the position with what ever profit or loss.
The derivative contract of Indiabulls Real Estate, IDBI Bank, India Cements, Jindal Steel and JP Associates have crossed 95 percent of the market-wide position limit and are currently in the ban period.
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