Tuesday, October 30, 2012

30-10-2012 Trade dairy

Good morning,

Today's JN SAR - 5688 day pivot 5670

SS lines are showing positive cross over.  As JN Sar is in short mode I will wait for negative cross over or JN SAR to take fresh trade.  After email interaction with Piyush Sharda ji I have removed my lead indicator condition for my trades.  He explained that by the time master's lead indicator turns it will be late to take position according to data ( back testing ).  Thank you Piyush Sharda ji for your continued guidance.

11:02  Negative cross over seen in 60 minutes chart.  Will wait for 5 minutes before taking short.  Because of RBI announcement.  Big volatility expected.

11:10 Sold 1 lot minifty 5670

11:12 Trailed stop loss to 5660

11:14  Trailed Stop loss triggered

11:31 I have trailed stop loss too quickly and it hit.  Now it is trading 5642.

11:50 I have lost excellent trade.........  Now trading @ 5632

12:01  Booked out my second lot JN Short @ 5632.

12:54 SS lines are coming near to give positive cross over in 30 minutes chart.

2:18  SS lines are over lapping to give positive cross over in 60 minutes chart.

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