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.
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."
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 :
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.
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."
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