Thursday, October 11, 2012

11-10-2012 Trade dairy

Good morning

Today's JN SAR 5720 Day's Pivot 5662

SS lines are in oversold zone ready to give positive cross over.  As JN SAR is in short mode I will wait for them to come up and give negative cross over.

9:36  Positive cross over seen in 30 minutes chart.

10:25  Positive cross over seen in 60 minutes chart (due to passing of time) but both lines are almost parallel.

11:07 Negative cross over seen in 30 minutes chart.  Still SS lines are parallel in 60 minutes chart.  Price is moving in a small range. (watch 5 minutes chart.)


1:20  SS lines are reaching over bought zone.

2:05 Now the price has come close to JN SAR.

2:37  Now Illango sir said This price action changes to "Buy on dips" till 5660 is not broken(aggressively 5680 not broken).

3:05  Now Illango sir changed JN SAR to 5714 in chart.

3:14 I have exited my JN SAR at 5730 at cost.  Will take long in last 5 minutes.

3:23 Bought 2 lots minifty @ 5742


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