Thursday, October 4, 2012

4-10-12 Trade dairy

Good morning,

Today's JN SAR - 5669 Day Pivot - 5730

Holding one lot minifty bought yesterday (@ 5767).  Gap up opening.

9:39 Trailed sl to 5805 .  (Last 15 minutes low is 5810.5, high so far 5831)


10:13  Small range developing in 5 minutes chart.  Negative crossover seen in 30 mnts. chart.

11:08 SS lines are overlapping in 60 mnts. charts (due to passing of time) to give negative cross over.  If seen and sustains for 5 mnts. I will exit my long.

11:22 Booked @ 5822.  Negative cross over is seen and sustained for 5 mnts.  I think market will move up from here also.  But rule says exit when you see reverse cross over. So exited.


Will have to wait for next signal.

11:39 As I was expecting SS lines have came apart.


12:05  Small range broken on upside.

1:12  I have never seen this type of overlapping before.

Say from 2 hours SS lines are overlapping.

2:35  Now as negative cross over is seen clearly, I am waiting for positive cross over.





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