Thursday, August 2, 2012

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  :(

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