22-10-2012 Trade dairy

Good morning,

Today's JN SAR - 5681 (-20 points filter)  Day's Pivot 5685

SS lines are on over sold zone.

9:17  JN SAR with filter broke in the opening 2-3 minutes, I am waiting for ORB.

9:32  SS lines have come out of oversold zone and ORB broken upside.  Though I am feeling market may fall more, as per trade rules I bought 1 minifty 5676.   Stop loss 5656.

(Illango Sir has suggested sell on rise)

9:54  in 30 minutes chart negative cross over is seen.

10:01 Negative cross over seen in 60 minutes chart.  Will wait for 5 minutes and if sustains I will exit.

10:07 Exited @ 5672.  Price is moving in a small range but as per rules if reverse cross over is seen I have to exit so exited.

10:15  Today I am getting some office work which will take full time for few weeks.

10:28 SS lines in 60 minutes chart has come apart from negative cross over and 30 minutes chart SS lines are over lapping to give positive cross over.

11:07 I think price has come down only to make my SS trade exit.  (reverse cross over sustained for 5-6 minutes).  Only after I exited my long it price is moving up.

12:31  Negative cross over seen in 30 minutes chart.

1:02  SS lines in 1 hour chart are coming near to give negative cross over.

2:01  SS lines are still near in 60 minutes chart to give negative cross over.  But in 30 minutes charts they are coming near to give positive cross over.