Tuesday, October 9, 2012

9-10-2012 Trade dairy - no trades

Good morning,

Today's JN SAR 5714 (+ 20 points filter for first two days)  Day's Pivot 5698

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

If JN SAR with filter hits 5734 (spot hits) I will close shorts and go long with 20 points stop loss.

10:00  SS lines are moving up.



Master said "Whipsaw is likely", still I am waiting with my number.

10:08 Master has modified jn sar to 5741 in chart.

10:31  Negative cross over seen in 30 mnts. chart.

10:51  Negative cross over did not sustain in 30 mnts. chart.

12:40  SS lines are coming near in over bought zone.  But price is still in sideways mode.  If price does not rise from here we may get negative cross over @ 1 p.m. due to passing of time.

I am in a confusing state of mind now.  As the price is above JN SAR level but below JN SAR with filter.  I will wait to take position even if cross over is seen (due to passing of time).

1:05  Negative cross over seen in 60 minutes chart.  I am not trading this cross over.

1:22 I have not traded this cross over and it is giving good results.  My teacher said many times when you see your trade setup signal - act with out fear.  Still I was giving more importance to the another saying of my teacher "when in doubt stay out".

2:05  Positive crossover likely in 30 mnts. chart.




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