Wednesday, July 9, 2014

09 - 07 - 2014


Trade1: (9:44 candle)
Short at 7720, below IRL.. with initial SL 7626
Moved SL to 7722, as NF reversing
Trail SL hit; exited trade with loss of 4 points
Trade2: (10:02 candle)
Long at 7726, as BOF of PDL.. with initial SL 7720
Moved SL to 7728, break even
Moved SL to 7633, below recent low
Moved SL to 7749, as NF failing to sustain above HOD
Trail SL hit; exited trade with gain of 21 points
Trade3: (12:05 candle)
Short at 7621, below PDL, RL.. with initial SL 7627 (into range)
SL hit; exited trade with loss of 8 points

Points earned: +9
Posted by at

19 comments:

  1. SuMaJuly 9, 2014 at 2:34 PM

    Thanks for posting LIVE. One request : Can you please write the time as well. It doesn't have to be the exact time, approximate time will be good enough. It will be very valuable.. Thanks

    ReplyDelete
  2. Only NiftyJuly 9, 2014 at 3:05 PM

    Thanks for suggestion.. updated time of execution for trades.

    ReplyDelete
  3. Guru Krish (Trading Nirvana)July 9, 2014 at 3:24 PM

    Hi Rose,
    Nice to see live updates..Even i have started this journey with DP trading.. will post my trades here hence forth -- http://trading-nirvana.blogspot.in/ all thanks to you and ST :)

    ReplyDelete
  4. Only NiftyJuly 9, 2014 at 3:40 PM

    Hi All,

    Is this Bar chart visible clear? Or you think candle stick chart is good?

    ReplyDelete
  5. LuckyHaaJuly 9, 2014 at 3:47 PM

    Rose,Just saw your trades....I think candle chart is good.....I appreciate if you mark trading point in chart..It is easy to findout point

    ReplyDelete
    Replies
    1. Only NiftyJuly 9, 2014 at 4:05 PM

      Lucky,

      changed back to candle chart.. if i mark all trade entries, i think it will confuse..
      how ever.. u can correlate entry point by my trade comments.. it is much easier i feel.

      Delete
  6. UnknownJuly 9, 2014 at 3:55 PM

    Could you pls ask ST how he grabs that much clear screenshot from iChart and use the same technique with the candle sticks?

    -------
    Mathew

    ReplyDelete
  7. AnonymousJuly 9, 2014 at 3:56 PM

    Hello Sir,

    For your first trade.....

    "Short at 7720, below IRL.. "

    how to take a trade exactly @7720..because for me i am not able to take like this....after seeing the graph...i am placing the order as market...and it is executing some where else...

    even if there is sudden fall...you are taking the trade are in correct place.

    please suggest me how to take if we have sudden moves?

    Thanks,
    Gokul

    ReplyDelete
    Replies
    1. Only NiftyJuly 9, 2014 at 4:14 PM

      Gokul,

      Use Limit order... in this particular trade.. i have placed trigger price at 7720, limit at 7719.
      This should work mostly, unless you trade big, like 20-30 lots.. or in huge volatile day.. wide ticks

      Delete
    2. AnonymousJuly 9, 2014 at 4:18 PM

      Thanks for your reply...I will try to do the same.mine is just one lot :)

      Delete
  8. nirtosJuly 9, 2014 at 4:03 PM

    hi,
    your first trade was in the money for more than 40 point ended in loss?

    ReplyDelete
    Replies
    1. Only NiftyJuly 9, 2014 at 4:09 PM

      nitros,

      yeah.. i didnt expect such reversal.. also i dont have DP nearer to hide my SL.. i should overcome this negative.. better way is to exit trade when 2nd push failed.. like ST sir did.. i am habituated to hide SL behind DP's.. should overcome this.. in this kind of trades :)

      Delete
    2. UnknownJuly 9, 2014 at 4:49 PM

      Rose, there is a technique that VKM uses to trail the SL in sharp vertical moves. When a bar closes trail the SL behind the second-last bar. ST use to exit when the second push fails.

      In your first trade, I think both approach would give more or less the same location for exit.

      ---
      Mathew

      Delete
    3. Only NiftyJuly 9, 2014 at 5:16 PM

      Yes Mathew,
      There was 7600 RN.. to place trial SL at 7602.. i missed to mark this altogether.. not focussed completely today :(

      Delete
  9. Manish BhartiJuly 9, 2014 at 5:03 PM

    Rose,
    Please add this to your blog for kind help to us-- http://www.cbox.ws

    ReplyDelete
    Replies
    1. Only NiftyJuly 9, 2014 at 7:07 PM

      Manish Bharti,

      Added chat box.. lets see if this turn helpful!

      Delete
  10. vikramJuly 9, 2014 at 6:59 PM

    I took all 3 BOF but still ended in loss as I was caught in channel up and then down... (seeing my SL gone and then market moving)...Need more control... working on it....

    ReplyDelete

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