Monday, September 24, 2012

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.

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