28-9-2012 Trade dairy

Good morning,

Today's JN SAR - 5625 - Day Pivot 5661

JN SAR is Buy mode.  SS lines are negatively crossed and near over sold zone.  I will wait for positive cross over in 60 mnts. charts.

Positive cross over seen in the opening itself.  Waiting for ORB.

9:32 Bought 1 lot minifty @ 5733

10:23 Trailed sl to 5743 (price now @ 5758)

(I have bought only 1 lot, if more lots were bought, my first booking level of 20 points reached.)

Today master has given R3 as 5736 (spot) price reached 5735.5 and resisiting.  And R1 for the week is 5762.

10:46 SS lines are coming near to give negative cross over in 30 mnts. chart.

12:00 SS lines are coming near to give negative cross over in 60 mnts. chart.  (If reverse cross over seen I have to exit my position at what ever profit or loss is my rule)

12:40  No movement in price.  Last hour candle and this hour candle till now look like doji (- indecisiveness) .  I feel if the price stay's here negative cross over will come due to passing of time.  Any how I will exit my long once negative cross over is seen.

1:03 Negative cross over seen.  Exited long @ 5748.  (As expected it is due to passing of time)

1:10 Immediately I exited my long price started moving up. :).  It happens !!! (As if market was waiting for me to exit my long)

2:30  As the time passes by SS lines have traveled to the middle. It may give another cross over today. 

27-9-2012 Trade dairy

Good morning,

Today's JN SAR - 5604 Day Pivot 5658

SS lines are showing positive cross over.  Not having any position.

10:05 bought 1 minifty after watching opening range  @ 5682

10:32  Negative cross over seen in 30 mnts. chart.

11:30 Price now at 5695.  I have trailed sl of 5680 as expiry day volatility may come any time.

12:15  Negative cross over seen in 30 mnts. chart again.

12:37  In 60 mnts. chart SS lines almost shown negative crossover and came apart.

12:51  Exited long @ 5685   Negative cross over seen in 60 mnts. charts.

26-9-2012 Trade dairy

Good morning

Today's JN SAR - 5582  Day pivot - 5676

10:43 Positive cross over seen in 30 mnts. chart.

12:02 Positive cross over seen in60 mnts. chart.  (due to passing of time) and in 30 mnts. chart SS lines are coming near to give negative cross over.

12:07 Bought 1 lot minifty @ 5671

12:43  Price has come down to 5663 SS lines are still showing cross over.

1:10  SS lines are overlapping to give negative cross over.  If cross over is seen and sustains for 5 mnts. I will exit.  As the price is moving in a very small range I will wait for 5 mnts. to check if it sustains.

1:18 Exited @ 5658  (booked loss of 13 points)

1:31 Original stop loss hit.

2:30  Positive cross over seen again.

25-9-2012 Trade dairy

Good morning,

Today's JN SAR - 5555 - Day's Pivot - 5681

SS cross over seen in the opening itself, will take position on orb.

9:58 Waiting for ORB saved me.  ORB broke on down side.

11:04 Now showing negative cross over in 60 mnts. charts.

12:02 Positive cross over seen in 30 mnts. chart.  (may be due to passing of time, as price is not moving much)

12:25 Positive cross over seen in 60 mnts. chart. bought @ 5689.5.  I was late to see the cross over.

1:31 30 mnts. charts SS lines are coming near to give negative cross over. (almost over lapping)

2:14 Trailed stop loss to 5680

2:45 Price not moving but SS lines are changing due to passing of time.

3:01 TSL hit loss of 10 points

24-9-12 Trade dairy

Good morning,

Today's JN SAR - 5521 Day's Pivot 5663

SS lines are in the middle.  As JN SAR is in buy mode I am waiting for positive cross over.

10:30  SS positive cross over seen in 30 mnts. chart.  (I think due to passing of time).  Waiting for cross over in 60 mnts. chart.

12:01  Positive cross over seen in 60 mnts. chart.  Will wait for 5 mnts. and buy 1 lot minifty if sustains.

12:08 Bought one lot minifty @ 5703 sl 5680 (day's low 5683)

1:05 30 mnts. chart SS lines are coming near to give negative cross over.

1:27  Exited my long @ 5692 (booked loss of 11 points) by trailing stop loss.

1:33 Negative cross over seen in 60 mnts. chart.  Price @ 5688.  Even if not booked loss @ 5692, I had to exit my position on seeing reverse cross over.

21-9-2012 Trade dairy

Good morning,

Today's JN SAR - 5482, Day Pivot 5557

SS lines are in the middle and showing negative cross over.

As JN SAR is in buy mode I will wait for positive cross over.

Positive cross over seen in the opening itself.  Will wait for ORB for taking position.

9:32 bought 1 lot minifty @ 5616

9: 37 trailed sl to 5626 (price now 5336)  If I had bought 3 lots first lot has to booked hear.

10:00 trailed sl to 5636 (price now 5649)

10:15 price trading in a tight range of 5646 - 5655 from 20 mnts.  I am trailing sl to 5645.

10:37 price crossed the range on upside (now trading @ 5658)

10:58 trailed sl to 5655 (price now @ 5665)  (ATR system - Nilesh ji has given target 5665.5)  Master says rounding bottom target 5682 (spot)

11:32 Negative cross over seen in 30 mnts. chart. price is @ 5663.  In hourly chart SS lines are near over bought zone.

11:56 Nilesh ji's target 5665.5 done.  Waiting for 5682 now.  Trailed sl to 5665 (price now @ 5683)

12:17 trailed sl to 5699

12:20 Trailed sl to 5710

Trailed sl hit booked 5709

1:15 Negative cross over seen in 60 mnts. chart.

Today 93 points profit in one lot.

Total 162 points profit per lot this month in 8 trades.

(This profit / loss points calculation is distorted as some trades are with only one lot, next month I will try to put excel sheet with actual trades including number of lots.)

Total trades closed in profit : 30
Total trades closed in loss : 16

20-9-2012 Trade dairy

Good morning

Today's JN SAR 5445 - Day's Pivot 5602

Holding 1 lot minifty (bought @ 5620), will wait for orb.

I am keeping sl @ 5550 day's low 5551

10:10 Cross over seen in hourly chart.  As I am already holding one lot not adding more.....

12:00 Negative cross over seen , will wait for 5 mnts. and exit my long ........ if sustains

Trailed my sl to 5570 below recent low in 5 mnts. chart (average traded price 5576)

12: 20 Exited my long @ 5575 (45 points loss in this trade)

Will wait for +ve cross over.

1:00 Positive cross over seen.  I will wait 5-10 mnts. to take position.  Actually I have to take position now - but master's comment of more weakness below 5555 (spot) and falling bank nifty or making me think twice........  (My stop loss would fall below 5555 spot)

1:10 I am letting this cross over trade go...... (When in doubt - stay out is dominating my mind presently)

Total 69 points profit per lot this month in 7 trades.

(This profit / loss points calculation is distorted as some trades are with only one lot, next month I will try to put excel sheet with actual trades including number of lots.)

Total trades closed in profit : 29
Total trades closed in loss : 16

18-9-2012 Trade dairy

Good morning,

Today's JN SAR - 5404 Day Pivot - 5616

Holding one lot minifty bought @ 5629  with sl of 5609 .  Will exit after 5-10 mnts. if price trades below my stop loss.  In opening there might be volatility so I will wait for 5-10 mnts.

10:15 Price  is above my stop after 15 minutes.  SS cross over is clearly seen now.  Holding my long.

11:02  SS lines are overlapping to give negative cross over.  I may need to exit my long if cross over is seen clearly.

11:08  Negative cross over seen.  Exited my long 5614.  Loss of 15 points. in this trade.

I am very much confident that price will go up.  But rule is, I should exit when reverse cross over is seen irrespective of profit or loss.  So exited my long.  I have lost lot of money trading with out discipline - so now I am fallowing rules to protect my remaining capital.

1:21  Positive cross over seen in 30 mnts. chart.

1:33 SS lines are overlapping in 60 mnts. chart.

1:42 Positive cross over seen bought 1 lot minifty @ 5620 sl 5595

Today's loss is 15 points

Total 114 points profit per lot this month in 6 trades.

(This profit / loss points calculation is distorted as some trades are with only one lot, next month I will try to put excel sheet with actual trades including number of lots.)

Total trades closed in profit : 29
Total trades closed in loss : 15

17-9-2012 Trade dairy

Good morning

Today's JN SAR - 5366 Day's Pivot 5564

SS lines are near over bought zone.  As JN SAR is in buy mode, I am waiting for Positive cross over.

Today RBI decision - so will not trade till decision is out - even on positive cross over.

Last 4-5 times my stop loss is hit when I took position before major news / result announcement.  So from now on wards will not take any position before important announcement.

10:00 Positive cross over seen in 30 mnts. chart.

10:30 SS lines are coming near to give positive cross over in 60 mnts. charts.

10:45  SS lines are overlapping to give positive cross over in 60 mnts. charts.

10:50 SS positive cross over seen @ 5642 - as policy announcement is there, I am not taking any position.  Looking at options data - it is highly likely to make positive effect on market.  But still in view of last stop loss hits I am letting go this cross over.

RBI's decision out - Nifty future made a low of 5616, my stop loss of standard 20 points would have been hit, If I had taken long.

11:32 Negative cross over seen in 60 mnts. chart.

1:05 Positive cross over seen in 30 mnts. chart., I will take position if positive cross over is seen in 60 mnts. chart.

2:00 Positive cross over seen (due to passing of time)  Will wait for 5-10 mnts. and take position

2:05 Bought 1 lot minifty @ 5629  sl 5599 (day's low is 5594 so put stop loss @ 30 points)

2:50 Price is still trading near my purchase rate.  Trailed sl to 5609

3:20  Now trading @ 5616.  If stop loss not triggered I will carry this for tomorrow.

As per some seniors in JN blog there is -ve divergence in Bank Nifty Future RSI. 

14-9-2012 Trade dairy

Good morning

Today's JN SAR 5333 Day pivot - 5435

Big gap up opening.  Booked my Minifty long @ 5549. (bought yesterday @ 5449 - hundred points)

Actually I need to wait for first 15 mnts. to take the trade, but booked profit due to big gap up.

SS lines are showing clear cross over.

10:24  SS lines have reached over bought zone.

11:12 Negative cross over seen in 30 mnts. chart (in over bought zone)

1:15  Positive cross over seen in 30 mnts. chart.  In 60 mnts. chart SS lines are over lapping to give Negative cross over.

1:30  Negative cross over seen in 60 mnts. charts.  (Price now @ 5583, If I had not booked in the morning could have booked 34 points more)

3:10 Today whole day SS lines are near over bought zone.  So only booked yesterday's long and no new trade.

Today I have closed yesterday's position with 100 points profit.

Total 129 points profit per lot this month in 5 trades.

(This profit / loss points calculation is distorted as some trades are with only one lot, next month I will try to put excel sheet with actual trades including number of lots.)

Total trades closed in profit : 29
Total trades closed in loss : 14

13-9-2012 Trade dairy

Good morning,

Today's JN SAR - 5308. Day's Pivot - 5420

SS lines are in over bought zone.  Will wait for them to come down and give positive cross over.

11:40  SS lines are still in over bought zone.

2:30 SS lines have come down more than 50%.  Waiting for positive cross over.

3:05 Positive cross over seen.  Bought 1 lot minifty @ 5449.  I will carry over this for tomorrow. As taking position after 3 p.m.

12-9-2012 Trade dairy - no trades

Good morning

Today's JN SAR - 5289 Day Pivot 5372

SS lines are in over bought zone.

As JN SAR is in buy mode I am waiting for them to come down and give a positive cross over.

11:01 Negative cross over seen in 30 mnts chart.

1:30 Negative cross over seen in 60 mnts. chart some time back.

11-9-2012 Trade dairy

Good morning

Today's JN SAR - 5280  Day Pivot 5361

9:20  SS lines in 60 mnts. chart are in the middle and I am waiting for positive cross over.

10:28  SS lines are nearing over sold zone.

10:31  30 mnts. chart SS lines cross over seen for a brief period.

11:12  Cross over seen bought 1 lot minifty @ 5363 (Why only one lot ? - Master said it is sell on rise in hourly indicator for intraday hence taken only one lot today.)

I want to update 5 minutes chart also.

In this 5 minutes chart we can see that price has made higher low and crossed previous high.

11:58 no movement in price so far..

12:00 due to passing of time now cross over is very clearly seen.

12:07 I spike is seen in Nifty and our first target of 20 points reached.

12:42  Reached 30 points.  I have put sl @ 5384

1:34 My trailed stop loss hit giving me 21 points today.

1:45  Negative cross over seen in 30 mnts. chart

Total 29 points profit per lot this month in 4 trades.

Total trades closed in profit : 28
Total trades closed in loss : 14

10-9-2012 Trade dairy

Good morning

Today's JN SAR - 5277 Day Pivot 5333

SS lines are in over bought zone.  As JN SAR is in Buy mode, I will wait for them to come down and give positive cross over.

9:44 Negative cross over seen in 30 mnts. charts.  60 mnts. chart SS lines are still in over bought zone.

10:05  SS lines have come below over bought zone with negative cross over due to passing of time.

11:05 Positive cross over seen in 30 mnts. chart.  Waiting for positive cross over in 60 mnts. charts.

12:10  Still waiting for cross over in 60 mnts. chart.  It may come due to time instead of price now.  Last 3-4 times when I have acted on cross over due to time, my stop loss hit.  So bit hesitating to take position now.

12:47  SS lines are overlapping in 60 mnts. chart.

1:05 SS lines are overlapping in 60 mnts. chart.  Even if cross over is seen, it will be time related so I am not trading today on this cross over.  (30 mnts. chart SS lines are coming near to give negative cross over.)

1:25 SS lines have come apart from overlapping position.


2:43 Positive cross over seen in 30 mnts. chart

3:00 No valid cross over seen.  Today I have booked my JN SAR minifty long @ 5364 (bought @ 5339) hoping for buying at dip but still waiting for dip.

Could not re buy my JN SAR long.  Will see to it tomorrow or I will wait for next JN SAR trigger.

Today I closed JN SAR long with 25 points profit.

Total 8 points profit per lot this month in 3 trades.

Total trades closed in profit : 27
Total trades closed in loss    : 14 

7-9-12 Trade dairy

Good morning

Today's JN SAR - 5283  day pivot 5239

Big gap up opening.  JN SAR is in buy mode now.

10:15  I was waiting for dip in price for JN SAR buy.  But as dip did not came in first hour of trading, I took long in 1 minifty @ 5339 (future).  Some seniors advise to wait for dip in case of big gap up or gap down crossing the JN SAR and buy at support nearer to JN SAR.  I will take 2nd lot of minifty in dip or near close of market today.  (This buying decision has to be taken individually, because If I buy it may retrace, If I wait it may continue its journey with out me.)

As SS lines are near over bought zone.  Will wait for them to come down and give positive cross over.

Today Dinesh Rishi sir answered a query by Jay Shah - how to deal with gaps crossing JN SAR

Dinesh Rishi said...

Jay Shah

ORB in the direction JNSAR is best Strategy for trading gaps

September 7, 2012 11:57 AM

1:20  SS cross over is seen in 30 mnts. chart.

6-9-2012 Trade dairy

Good morning

Today's JN SAR - 5298  Day pivot 5234

SS lines are turned up from over sold zone, as JN SAR is in short mode I will wait for negative cross over.

10:05 Negative cross over seen. Took short 3 lots minifty @ 5242 stop loss 5255 (day high 5251)

Nifty is at important support level.  May give bounce or reverse from here.  But according to cross over I took short.

10:22 SS lines have come apart, so exited my shorts 5249.  Will short again if cross over is seen again.

7 points loss per lot today.

Total 17 points loss per lot this month in 2 trades.

Total trades closed in profit : 26
Total trades closed in loss    : 14

5-9-12 Happy teachers day - No trades - (Missed one profitable trade)

Good morning

Today's JN SAR 5314 Day pivot - 5262

SS negative cross over is seen in the opening itself.  I may not be able to update the blog.  Kindly accept my apologies.

Today I did not trade.  But If any body traded after 15 mnts. could have booked 20 points.

4-9-12 Trade dairy - no trades.

Good morning

Today's JN SAR - 5331 Day Pivot 5264

As JN SAR is in short mode I will wait for SS lines to come up and give negative cross over.

10:04  30 mnts. chart SS lines are coming near to give positive cross over in over sold zone.

11:06  60 mnts. chart SS lines positive cross over seen.  Waiting for them to come up and give negative cross over.

11:53  30 mnts. chart SS lines are coming near to give negative cross over and in 60 mnts. chart SS lines are still overlapping.

12:05 30 mnts. chart SS negative cross over is seen.  Price is moving in a small range only.

12:45  30 mnts. chart SS lines are playing hide n seek.  They are coming apart and giving cross over again & again.  Price remains in a small range.

3:00 again negative cross over seen in 30 mnts. chart.  This time it has come in over bought zone.


From tomorrow I may not be able to update blog as my laptop is taken by my accountant for some audit.
May be one week leave for me from market.  Any how I will try to update from some other computer if possible.  Thank you all for your advises.  I am trying to modify my trade rules for stop loss and target. May be I will frame new rules by next week.

3-9-12 Trade dairy

Good morning

Today's JN SAR - 5348  - day pivot 5267.

As JN SAR is in short mode, I will wait for negative cross over.

I have again exited my JN SAR shorts of 2 minifty today 5319 (NF)

11:00 Negative cross over seen in 30 mnts. chart.  Waiting for Negative cross over in 60 mnts. charts.

12:05 Negative cross over seen in 60 mnts. chart.  Took short 3 lots @ 5286.  I have put sl 5306 (20 points as day high is very far)

Yesterday's low 5269 has to break to give me 20 points today.

12:31 SS lines in 30 mnts. chart are coming near to give positive cross over.  If seen I will trail sl to previous day's close.

12:37 Trailed sl to 5296

12:42 sl hit

This month 10 points loss per lot in 1 trade.

Total trades closed in profit : 26
Total trades closed in loss    : 13