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.
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.
i dont see filter recommendation by ilango sir..
ReplyDeletepls remove word verification
Thanks Piyush Sharda ji
ReplyDeleteI read master's reply to Sanz & anmpatel
Ilango said...
@ sanz,
That is objectively presented studies. Hence, I suggested a filter for JNSAR if you are bullishly inclined.
Others could aggressively sell either at the open or on a small bounce. It is in a trading mode having lost the upward momentum.
August 24, 2012 9:15 AM
Ilango said...
@ anmpatel,
If you talk of week - bullish
If you talk of Day - bullish less momentum & wobbly
If you talk of Hour - its bearish.
August 24, 2012 9:29 AM
So I thought it is appropriate to add filter.
ok hari thanx.
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