Thursday, November 1, 2012

1-11-2012 Trade dairy

Good morning

Today's JN SAR - 5674 Day Pivot 5609

10:02  Negative cross over seen in 60 minutes chart.  I will wait 5 minutes to take short position.

10:07  Taken short 1 lot minifty 5639 stop loss 20 points

11:45  My stop loss hit

12:25  Positive cross over seen in 60 minutes chart.

12:50 Positive cross over did not sustain.  Lines are coming apart.

6 comments:

  1. Hari

    Pay attention to Support/Resistance
    You shorted into a major support, Low of the day
    Very low probability trade.

    ST

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