31-8-12 Trade dairy

Good morning

Today's JN SAR 5365 - Day Pivot 5304

SS lines are turned up and above 50 %.  As JN SAR is in short mode, I will wait for SS lines to give negative cross over.

Today Sharekhan Trade tiger charts are not working.  So may not be able to trade today unless it starts working fine again.

10:40  Negative cross over seen and took short 3 lots 5302 sl 5327 day's high.

10:45 I have modified sl to 5321 on advise of my teacher in view of GDP data.

Today I will book part profit at 10 points for first lot.

11:05 sl hit loss of 19 points per lot

3:36  Lesson learnt today : I will not take position just before any major announcement.  Last three times sl hit because of data release.  Today's data hit my modified stop loss within seconds and even original stop loss was hit, then reversed and gone in the direction of my trade.  Next time on wards I will take position only after news release.

With today's loss

Total this month 54 points profit per lot in 21 trades.

Total trades closed in profit 26
Total trades closed in loss 12.

Today I have closed my jn sar shorts of 2 lots minifty @ 5318 and re - entered again @ 5302.

Many people are waiting for tonight's QE3 announcements : may effect markets on Monday.

Have a nice weekend.

This month many sl hits due to data releases.  My broker earned more than I earned.  Means I worked more for my broker than me.  Hope next month I may get good results.

30-8-12 Trade dairy - no trades

Good morning

Today's JN SAR 5377 - Day Pivot 5305

Today is expiry day - expecting volatility.

SS lines are in over sold zone.  So I will wait for them to come up and give negative cross over.

11:05 Positive cross over seen.  As JN SAR is in short mode I am waiting for SS lines to come up and give a negative cross over.  (for paper trade purpose we can assume buy @ 5274 with sl 5254)

Options data has come negative.

12:10  SS lines have come up out of the over sold zone.  Waiting for negative cross over.

12:31  In 30 mnts. chart negative cross over is seen, waiting for the same in 60 mnts. chart.

1:30 our paper trade target reached !!  As I will never go against JN SAR I took only paper trade.  But this shows SS cross over may work for few points.

2:59  No negative cross over seen today.  So trades.  Only I have rolled over Minifty JN SAR shorts to next month series.

29-8-12 Trade dairy

Good morning

Today's JN SAR 5405 (5385 +20 filter)  Day pivot 5335

As we are trading  below JN SAR, I am waiting for negative cross over.

9:30  In 30 mnts. chart -ve cross over is seen.  Waiting for -ve cross over in 60 mnts. chart.

10:03 Negative cross over seen.  Sold 3 lots @ 5328 stop loss 5350 (day's high)

10:31 Now trading @ 5332.

12:00 Now trading @ 5314

12:08 Now reached 5312.  My target order for 2 lots is @ 5308.  I have trailed sl to 5336 above small range

exited @ 5319 by trailing sl above small range

12:58 price reached our 1 st target with out us. :(.  No regrets, in view of expiry volatility, I was taking extra care, not to let a winning trade to become loosing trading.

1:55 Positive cross over seen in 30 mnts. chart.

4:15 Average profit per lot 9 points

This month 73 points profit per lot in 20 trades.

Total trades closed in profit : 26
Total trades closed in loss   : 11

28-8-12 Trade dairy - no trades

Good morning

Today's JN SAR 5406 (5386 + 20 points filter) Day pivot 5365

SS lines are in oversold zone.  As JN sar is in short mode, I will wait for them to come up and give negative cross over.  Or break of JN SAR on positive side.

11:15 Positive cross over seen.  Waiting for SS lines to come up.

My broker - Bonanza terminals not working from the morning properly.  :(

3:15  SS lines stayed in over sold zone.  No negative cross over. No trade today.

27-8-12 Trade dairy

Good morning

Today's JN SAR 5380, Day's Pivot 5386

Price is near JN SAR, so I will short once JN SAR is triggered.

9:55 JN SAR traggered, some margin problem with broker for me, I will short immediately after the problem is cleared

10:23 Shorted 3 lots 5389 sl 5400 (spot)

This is my second trade according to JN being triggered.  Last time I have booked 20 points as per my intraday SS rules, and JN SAR traders more than 300 points (positional).  As last trade has given more points some whip saws are expected now, but as per rules I am short now.

11:03  Nifty futures is trading @ 5392.  (spot 5385).  Today we took short on Nifty spot to I have to be alert to Nifty spot price.  Usually I will keep stop loss and target orders based on Nifty futures price.  Today I have to watch spot price care fully as Premium will be varying.

Master has suggested a small filter :

Ilango said...

After a big-gain JNSAR trade(302 points), next trade is likely to whipsaw. Whipsaw could be avoided by applying a small filter.(5374-J10SAR or DLEma-5371)

If you have taken a short @ 5380, keep day's high or 21Hrsma or 34 hr sma as SAR.

You can not escape whipsaw all the time. You may be able to avoid a few.

August 27, 2012 10:30 AM

But as we are already in trade we are sticking to our trade.

11:37 Price is struck in a small range 5383 - 5393.  SS lines are reaching over sold area in 60 mnts. chart.

12:08  Price still struck in the range 5383 - 5393.  In 30 minutes chart positive cross over seen.

12:40 Master's DLEma 5371 also broke.

1:03  Price made a low 5376.3 , my 20 points profit booking order for 2 lots is placed @ 5369.

1:31 Booked 20 points on 2 lots. Trailed sl to 5387 for remaining lot.

1:39 I really want to hold positional short as per jn sar.  I will take position after 3:15 p.m. for this.

2:50 Trailed sl to 5369

3:10 Presently trading @ 5359

3:25 Booked @ 5362

Average profit per lot today 22 points.

Total this month 64 points profit per lot in 19 trades.

Total trades closed in profit : 25
Total trades closed in loss   :  11

Today I have traded against odds i.e. high chances of whipsaw.  My teacher says, when in doubt stay out.  But he also added that "When the signal is seen in your trade setup, act" "Don't be afraid of a small stop loss - because we do not know which trade will turn out to be our best trade." 

24-8-12 Trade dairy

Good morning

Today's JN SAR  5370 - Day pivot 5419

SS lines are in lower 50 % of the chart.  As JN SAR is in buy mode, I will wait for +ve cross over.



SS lines are near over sold zone and very near may give cross over any time.

10:40 cross over is likely, (cross over seen in 30 mnts. chart before some time).

10:47 Lines are almost overlapping, it will most probably give cross over by 11 A.M. if market does not go down from here.

( SORRY - Piyush ji corrected me that filter is not added.  So kindly accept my apologies for misunderstanding and stating the fallowing in the morning

10:08 Illango sir has suggested filter of 20 points today.

Today's JN SAR  5350 (5370-20 filter) - Day pivot 5419)

11:02 Still waiting for cross over.

11:50 Still waiting for cross over.

12:01 Cross over seen (because of time) bought 3 lots @ 5403 stop loss 5380 (day's low 5388)

Immediately after I took position price corrected 10 points along with bank nifty :(

Also in 30 mnts. chart SS lines are coming near to give negative cross over.

Cross over failed, lines have come apart.  Bank nifty falling.  So exited longs @ 5392.  Will wait for cross over again.

Cross over seen again bought @ 5397 sl 5380.  (Will book first lot for 10 points only seeing narrow range of today's trading)

2:40 booked first lot 5407, holding 2 lots

3:09 Price is not moving much.  I have put target order for remaining lots also @ 5407

3:45   Exited @ 5404

Today first trade was a loss of 11 points & second trade profit of only 8 points.  Net loss today 3 points.

Total this month 42 points profit per lot in 18 trades.

Total trades closed in profit: 25
Total trades closed in loss :  11

With today's trade this is 3rd time I have closed trade in loss - just because taking a trade due to cross over coming due to of passing of time.  Next time I will wait for first 5 mnts. or check 30 mnts. & 15 mnts. charts before taking trade on the basis of cross over coming due to passing of time.

23-8-12 Trade Dairy

Good morning

Today's JN SAR 5358 Day pivot 5414

9:19 SS lines are overlapping in 60 mnts. chart.  In 30 mnts. chart it is in still sell mode.  Waiting for clarity

9:37  SS lines are clearly in sell mode in 60 mnts.  In 30 mnts. chart they have given positive cross over.

10:02  Cross over seen bought @ 5447.5  stop loss 5435 ( day low 5441)

Today we are trading near resistance of spot 5440 - 60.  So will trail sl very tightly.

10:25 Price reached 5455 I have trailed sl to 5440.

12:04 Not much movement in price, now trading @ 5453.  (Negative cross over is seen in 30 mnts. chart before some time but not effecting the price)

12:26 Price reached 5460

12:38 (30 mnts. Positive cross over seen)

1:00 Negative cross over seen exited 5453.5 profit of  just 6 points.  Price reached 5462.95 our target was 5468

1:20 Conflicting signals, macd has given positive cross over, while Stochastic given negative cross over.  I am very bullish on market, but still as per rules, I have exited trade when negative cross over is seen.  Today we may get another cross over as still some time left in the day.

2:10 Price has come down to 5425, If we had not acted on seeing negative cross over, our stop loss would have been hit.  Thanks to my teachers for instilling discipline in me...........

3:24  I was expected another cross over today.  (in 30 mnts. chart is has come)

In today's trade 6 points profit has come.

Total this month 45 points profit per lot in 16 trades.

Total trades closed in profit : 24
Total trades closed in loss : 10

22-8-2012 trade dairy

Good morning

Today's JN SAR - 5344. Day pivot - 5405

SS lines are in over bought zone.
Waiting for them to come down and give a positive cross over.

11:00 cross over seen in 30 mnts. chart.  Waiting for cross over in 60 mnts. chart.

12:00 SS lines have come 50 % down.  Waiting for cross over.

1:00 Cross over seen.  Bought 3 lots @ 5432 sl 5405

1:56 price reached 5439.  I have trailed sl to 5415

2:00 price reached 5444 our first target 5452 (20 points).  We have small resistance at 5446

2:16 price near 5446 (made high of 5448)

2:21 first target reached booked 2 lots 5452.  trailed sl to 5435

3:00 Trailed sl hit.  13 points profit per lot

Total 39 points profit per lot in 15 trades this month.

Total score 23 wins - 10 looses.

21-8-12 Trade dairy

Good morning

Today's JN SAR - 5331 day pivot 5369

SS lines are near over sold zone.  Waiting for positive cross over.

9:34  Positive cross over seen and bought 3 lots 5402 stop loss 5370  (day's low 5373)

9:42  There is channel resistance for nifty spot @ 5395 (now it is at 5393).  I hope for this to be overcome.  Any how trailed sl to 5395.  Currently trading 5408.

10:15 Options data became bullish.

10:36 Trailed sl hit.  loss of 7 points on each lot.

Though I am out of trade I will check the price if it hits our original sl or target.  Because today I have trailed stop loss too tightly seeing resistance in spot price.

12:02 Not much movement in price.  Price is near 5400 and Stochastic lines are coming near to give negative cross over.

12:31 Negative cross over seen.  Price is 5398.  Even if we did not trail sl, we had to exit our trade now.  Still a loss of 3 points more as my trailed stop loss hit 5395.

2:40 Negative cross over failed and price is still with in our original target and sl.

3:09  Finally price crossed our target (with out us)

Total 26 points profit per lot in 14 trades this month.

Total score 22 wins - 10 looses

17-8-12 Trade dairy

Good morning

Today's JN SAR  5321 - Day Pivot 5370

SS lines are near over sold zone.  Waiting for positive cross over.

9:20 Cross over seen bought 3 lots @ 5400 stop loss 5380 (day's low 5382)

Actually I have to wait for ORB but today took position, seeing the market situation. Let us see.

10:30 Price reached 5416.95 and coming back, I am sticking with my trade...

11:02 Price is near 5414-5415 but SS lines reached overbought zone.

11:50 Trailed sl to 5405 (cost)

12:00 SS lines are coming near to give negative cross over.  If seen I will exit my position.

12:03 Trailed sl hit

12:17 Our trailed stop loss hit and price is going up :(

12:26 After hitting out stop loss price reached our target :( but protecting the capital is important........  So wait for next signal

2:40 SS lines have come down nearly 50 %.  In 30 mnts. chart positive cross over is seen.

3:20 We have closed today's trade as TSL hit, earned only 5 points per lot.

As we did not earn 20 points in at least one lot I am not counting this as win or loose for total trades count.

Total 33 points profit per lot in 12 trades.

Total score 22 wins - 9 looses. 

16-8-2012 Trade Dairy

Good morning

Today's JN SAR - 5310  Day pivot 5366

Stochastic lines are in over bought zone.  As JN SAR is in buy mode I am waiting for them to come down and give positive cross over.

With price movement experience on 14th, I am planning to watch 30 mnts. SS indicator cross over for buying (paper trade) for some time.  As in strong up trending market SS lines may not come down at all.

10:01  SS lines have given negative cross over in over bought zone and coming down.  I am waiting for them to come down and give positive cross over.

11:00 SS lines have come down more than 50%, waiting for +ve cross over.

12:04 SS lines are coming near.  Waiting for +ve cross over.

1:03 Still waiting for positive cross over

1:41  SS lines are coming near again.

1:46 Cross over seen bought 3 lots @ 5394  Stop loss 5378 (day low 5380.3)

(Previously I have mentioned Mr. Sriram's 34 ema on 30 mnts. chart.  Price has taken support on 34 ema and going up.)

2:50 SS lines are coming near to give negative cross over.  If negative crossover seen I will exit with what ever profit or loss.

2:56 Negative cross over seen exited @ 5383 loss of 11 points per lot

Total 28 points profit per lot in 11 trades this month.

Total score 22 wins - 9 looses.

14-8-12 trade dairy - no trades

Good morning

Today's JN SAR 5295  - day pivot 5336

SS lines are in buy mode near over bought zone (Green line touching 80% dotted line.).  Waiting for them to come down and give +ve cross over.

9:58  -ve cross over seen in 30 mnts. chart.

10:50  Seems market is waiting for inflation data - trading in the range of 10 points

11:05 -ve cross over seen in 60 mnts. chart.

12:20 +ve cross over seen but above 80 % line, so not acting,  good inflation data has given this cross over.

3:25  Though +ve cross over has come, it came above 80% line so no trades today.

 Happy Independence day 

13-8-12 Trade dairy

Good morning,

Today's JN SAR 5277 - Day Pivot - 5316

9:50  Though SS lines are showing positive crossover from previous day, Orb broke down side.  30 mnts chart also showing negative cross over.  So waiting for SS lines to give clear positive cross over.

10:30  30 mnts. chart has given + ve crossover.  5 mnts. chart given - ve cross over.  I will buy on +ve cross over in 5 mnts. chart. with 20 points stop loss as 60 mnts. chart is still in buy mode positive cross  over given on Friday still continues.

10:47 Before + ve cross over in 5 mnts. chart, it seems SS lines are poised to give -ve cross over in 60 mnts. chart.  Will have to wait for -ve cross over first and than + ve cross over in 60 mnts. charts.

11:01 As suspected SS lines have given -ve cross over.  So waiting for + cross over now.

1:30 Still waiting for +ve cross over

2:00 SS cross over seen bought 3 lots @ 5335 stop loss 5320 (day low 5326)

2:17 Getting resisted at day's high, trailed sl to 5325 (day low 5326)

2:37 Booked 20 points on 2 lots.  Trailed sl to 5340

2:50 Price reached 5368.  Trailed sl to 5348

3:20 Booked remaining lot @ 5375

Today booked 20 points on 2 lots and 40 points on 1 lot.  Total 80 points profit.  Per lot 27 points profit.

Total 39 points profit per lot in 10 trades.

Total score 22 wins - 8 looses

10-8-12 Happy Janmashtami

Good morningc

Today's JN SAR 5255 - Day pivot 5334

SS lines are overlapping ( or nearly parallel )  near oversold zone from the opening.  Waiting for them to give clear cross over.   In such cases check lower time frame i.e. 30 mnts. chart & 15 mnts. chart.  At present 30 mnts. chart SS lines have clearly given negative cross over.  So waiting for clarity.

10:10 at 10 a.m. Negative cross over is seen clearly.  Waiting for positive cross over.

11:07 Still waiting for positive cross over.  (In 30 mnts. chart positive cross over has come)

11: 55 SS cross over seen.  Bought 3 lots @ 5344 sl 5324 ( day low 5324.7)

12:40 bad SBI results

12:44 Stop loss hit

Bought again on SS cross over @ 5330 sl 5310

Trailed sl to @ 5335

Booked 2 lots @ 5350

Trailed sl to 5345 for remaining lot.

Sl triggered @ 5344.

Today in my first trade, stop loss hit for 20 points on 3 lots, second time signal has given 20 points but I have booked only 2 lots for 20 points and trailing stop loss hit and total points lost is 6.  i.e. per lot 2 points loss.

This month 12 points profit per lot in 9 trades.

Total score 21 wins 8 looses.

9-8-12 Trade dairy

Good morning

Today's JN SAR - 5234  - Day pivot 5349

SS lines are in the middle.  I am waiting for cross over.

10:03 SS cross over seen bought 3 lots @ 5374.  Stop loss 5360 (day low 5365)

10:36  Not much movement seen in price.

11:04 IIP data has come negative.  Still I am sticking with my trade.

11:25 sl hit

2:47 SS lines are coming near to give positive cross over

3:01 Cross over seen, but in last 30 minutes.  So not taking position.  In today's trade stop loss hit and net loss 14 points.

Total net profit of 14 points in 7 trades this month.

Total score in trades - 20 wins - 7 looses

8-8-12 Trade dairy

Good morning

Today JN SAR - 5213 - Day pivot 5323

SS lines are near over bought zone.  As JN SAR is in buy mode, I am waiting for them to come down and give positive cross over.

9:38 SS cross over is seen in 30 mnts. chart. Waiting for cross over in 60 mnts. chart.

11:02 SS cross over seen, bought 3 lots @ 5361 stop loss 5341 (day low 5344)

11:39 After I bought, SS lines are playing hide-n-seek coming apart & again showing cross over.  I am sticking to my trade

12:13  SS lines are coming near to give negative cross over.  If seen I will exit the position.

Reverse cross over seen exited @ 5358 - loss of 3 points on each lot.  While in the trade price reached 5369 and reversed.

1:20 SS lines are coming near again

1:40 Cross over seen again.  Bought 3 lots @ 5376.  Stop loss 5346 (30 points)

2:29  Did not achieve our 20 points gone up to 17 points and reversed.  Exited @ 5379 - 3 points profit.

today no profit - no loss in points - (lost brokerage)

Net 28 points profit in 6 trades this month.

Total score - 20 wins - 6 looses (I am ignoring today's trades as no loss - no profit)

7-8-12 Trade Dairy

Good morning.

Today's JN SAR 5193 - day pivot 5279

Stochastic lines are near over bought zone.  As JN SAR is in buy mode, I am waiting for Stochastic lines to come down and give a positive cross over.

9:35  SS lines are overlapping.  Waiting for clear cross over.

9:50  Cross over seen bought 3 lots @ 5311 with stop loss of 5294 (day low 5295)

11:16  booked 20 points (at 11:04) on 2 lots.  Trailed stop loss to 5315

12:07 Trailed sl to 5325 for remaining lot.  (Stochastic lines are coming near to give negative cross over if cross over is seen we have to exit our position)

12:18 TSL hit @ 5325

After hitting my trailing stop loss it went up to make day high - 5366.  If we have fallowed 20 points trailing, we could have booked more points.  But due to strong resistance @ 5324 (spot) and SS lines coming near to give negative cross over, I have trailed stop loss tightly.

Average 18 points profit in this trade per lot.

Net 28 points profit per lot this month in 4 trades.

Total score : 20 wins - 6 looses

6-8-2012 Trade dairy - No trades

Good morning

Today's JN SAR - 5176 - Day pivot - 5200

SS lines are in over bought zone.  Waiting for them to come down and give a positive cross over.

2:00 SS lines are still near over bought zone, not much movement in price.  Still waiting....

3:25 No positive crossover - No trades today.

3-8-2012 Trade dairy

Good morning

Today's JN SAR - 5160  Day pivot 5225

Gap down opening.  SS lines are near over bought zone.  As JN SAR is in buy mode, I am waiting for SS lines to come down and give positive cross over.

9:55 Nifty spot trading @ 5177 - JN SAR 5160, if it breaks 5160, I will short with 20 points stop loss

11:00 Nifty struck in narrow range, SS lines are coming down, waiting for either break of JN SAR or positive crossover.

12:00 SS lines are coming near, still waiting for either break of JN SAR or Positive crossover.

1:00 SS cross over seen, bought 3 lots @ 5208.  Stop loss 30 points.

1:47 booked 20 points profit on first lot and trailed sl to 5215. Booked 2 lot also @ 5228 as price is not showing much movement.  Holding only one lot with sl @ 5215.

2:00 Trailed stop loss to 5220.

2:22 My TSL hit 5220 at 2:10.

This month this is first win after 2 looses.

Average booked 17 points profit today.

Net 10 points profit per lot in 3 trades this month.

Total trades score : 19 wins - 6 looses.

2-8-2012 Trade dairy

Good morning, today's JN SAR 5144 - day pivot 5233

Please read Mr. Illango sir's post : tradeinniftyonly.blogspot.in/2012/08/nifty-pre-market-view_2.html

9:30 SS lines are near over bought zone.  As JN SAR is in buy mode, I am waiting for them to come down and give a positive cross over.

10:30 SS lines are coming down.

11:05 SS lines in 30 mnts. chart have given a buy signal.  in 60 Mnts. chart green line has reached over sold zone.

12:45  SS lines are coming near to give positive crossover.

1:00 SS cross over seen bought 3 lots @ 5243  Stop loss 5220 (day low 5222)

2:40 Not much movement in price.  SS lines have traveled 50 % up.

3:15 exited 3 lots @ 5241

Loss of 2 points today

Total profit / loss & number of trades this month

7 points loss per lot in 2 trades

Total trades 18 wins - 6 looses

3:20 after I exited with 2 points loss price reached 5246, could have exited in profit  :(

1-8-2012 Trade Dairy

Good Morning.

Today's JN SAR - 5137 (- 20 filter), Day pivot 5206

9:30 JN SAR is in buy mode.  SS lines are in over bought zone presently.  I am waiting for them to come down and give positive cross over.

12:49 Cross over seen.  Bought 3 lots @ 5261 stop loss 5228 .  From today I will take position of 3 lots.

1:50 SS lines are coming apart and giving crossover again and again.

2:24 Cross over seen again now, but @ 5251 so changed my target to 5271

3:05 not much movement in price so far ...........

3:25 Exited @ 5256 small loss of 5 points (3 lots)

With this 18 wins - 5 looses