5-10-2012 Trade dairy

Good morning,

Today's JN SAR - 5685 Day's Pivot - 5782

SS lines are showing negative cross over in 60 mnts. chart.  I am expecting positive cross over in the opening itself.  Will wait for ORB to take position.

9:33 Positive cross over seen in the opening.  Waiting for orb saved me.  Cross over did not sustain and ORB broke down.   As JN SAR is in buy mode, will wait for positive cross over.

Some technical problem in exchange has come.

10:18  SS lines are overlapping to give positive cross over in 60 mnts. charts.

11:47 Stochastic small positive divergence in 5 minutes chart.

12:08  SS lines are coming near to give positive cross over.  Positive cross over seen in 30 mnts. chart.

12:38  SS lines have come near and stayed there from 30 mnts.   If price does not fall, may show cross over @ 1 p.m.

1:01 Can see the effect of passing of time in the fallowing two snapshots.

I will wait for 5 - 10 mnts. to take position.  Previously  my stop loss was hit when I took position on cross over due to passing of time.  Hence hesitating to take position immediately.

1:09  Took long 1 lot minifty @ 5777  with stop loss  @ 5757

2:00 SS lines are coming near to give negative cross over in 30 mnts. charts.

2:56  Price reached 5788

3:00 Positive cross over seen in 30 mnts. chart.

3:10 Positive cross over did not sustain in 30 mnts. chart.

3:18 Will not carry this position for tomorrow will exit in last 5 mints.

3:26 Exited @ 5777