Tuesday, September 1, 2015

01 - 09 - 2015




*** Just paper trades to test my sync with markets ***
 
Market Commentary & Trade Log:

  1. NF opened below PDL, TST to BRN and moving up
  2. Will wait for range to form or PA at BRN
  3. Rapid rejection from BRN as BOF, couldn’t find an entry as no TST/PB till BRN happened after BOFBRN broken finally;
  4. will see if BOF long or BPB short
  5. Didn’t get PB after BO, missed entry to short
  6. Hesitated to take BPB short after TST, as risk is 14 points. Let’s if second chance provided
  7. Expected some range formation here and missed BPB short entry
  8. Trade 1: BPB short at 7794 with initial SL 7802 (just taking chance as risk is with in limit)
  9. Sharply reversing from RN, moved SL to 7779
  10. Exited with gain of 13 points
  11. Done for today  

Points earned:  +13
 

PS: I guess 3M charts would have given clear signal and entry with minimal risk as I see 5M chart gave lagging signal today & trades coming with SL not in my limit.
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4 comments:

  1. ASeptember 1, 2015 at 3:55 PM

    Hi Rose,

    Its seems like nifty spot chart?
    niftysparrow.blogspot.com

    Regards
    Arun

    ReplyDelete
    Replies
    1. Only NiftySeptember 1, 2015 at 4:03 PM

      Arun,

      It is NF chart only, I am accessing from here
      Will shift to iCharts soon, right now just testing my sync.

      Delete
  2. zenSeptember 1, 2015 at 4:04 PM

    Good to see your post regularly...
    I am not able to map the points 1,2,3 in the chart...suggest you add 1,2,3 in the charts... so that we can relate your statements & the charts.

    Good work.

    regards
    Senthil.

    ReplyDelete
    Replies
    1. Only NiftySeptember 1, 2015 at 5:21 PM

      Senthil,

      On chart, i am only marking trade entry and exit points.. not the commentary.
      Today i missed couple of entries, so just made a comment on that

      Delete

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