Friday, July 6, 2012

Trades 6-7-12

9:15 Negative cross over in NF Stochastic 60 minutes chart.  As per my rule not to short above JN Sar I am not shorting now.  I am waiting for positive cross over to buy.

12:02 cross over seen bought 2 lots @ 5319 sl  day low 5296

1:00 no movement seen in price

1:54 booked 1 lot at 5339 trailed sl to cost for the second lot

2:15 tsl hit for second lot 5325

With this trade 8 wins & 2 losses.  Unable to control temptation to take more lots.  I will ask my other teacher Gauresh Panchal sir (mytradingtechnique-mysar.blogspot.in) for permission to increase my number of lots.

Caution : All these wins are in Up trend .  I do not know how my technique will work in down trend.
Any how I will not be buying when JN sar is in sell.  So no worry for me.

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