Friday, August 17, 2012

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. 

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