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.
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.
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