Trades 15-12-2011

There was one trade in nifty which reached target. However the two trades in DLF hit stop loss today after moving 2.50 points in favour but before reaching target.

15-12-2011

• The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
• Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
• After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
• Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level or at the same level after some time. 
• Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
• Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.

Date:		15-12-2011	Symbol:	NIFTy Fut
Directional Sentiment:		Sideways	SL/target:	12/30
Level	Comments
4844	Buy/Sell
4731	Buy/Sell

Date:		15-12-2011	Symbol:	DLF Cash
Directional Sentiment:		Sideways	SL/target:	1.5/3.5
Level	Comments
209	Sell
198.75	Buy/Sell

 

Trades 14-12-2011

Two trades in NIFTY. First one stopped out. Second one reached target. One trade in DLF which hit SL. The second trade made reached target.

• The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
• Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
• After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
• Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
• Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
• Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.

Date:		14-12-2011	Symbol:	NIFTY Fut
Directional Sentiment:		Down	SL/target:	12/30
Level	Comments
4910-1914	Sell
4845-4850	Buy/Sell
4804-4808	Buy/Sell
4762-4763	Buy

Date:		14-12-2011	Symbol:	DLF Cash
Directional Sentiment:		Down	SL/target:	1.5/3.5
Level	Comments
218-218.40	Sell
211.20-211.60	Buy/Sell
208	Buy/Sell
203.60	Buy/Sell

Trades 13-12-2011

There were 2 trades in NIFTY. First one was short at 4762, which hit the stop loss. Second one was short at 4785. After triggering sell, it made a low of 4757.75, near our target of 4750. Hoever later it find support at 4762 level, and failed to break this level. This level was tested many times and seeing the failure to break below, short was covered at 4770 after two hours.

There were no trades initiated in DLF

13-12-2011

• 12-12-2011
• The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
• Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
• After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
• Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
• Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
• Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.

Date:		13-12-2011	Symbol:	NIFTY Fut
Directional Sentiment:		Down	SL/target:	15/35
Level	Comments
4818-4822	Sell
4785-4786	Sell
4762	Sell
4725	Sell
4667	Buy/Sell

Date:		13-12-2011	Symbol:	DLF Cash
Directional Sentiment:		Down	SL/target:	1.5/3.5
Level	Comments
211-211.20	Sell
199.50-200.50	Sell
191.50	Buy/Sell

Trades 12-12-2011

Todays trades needs a little analysis.

NIFTY open tested 4914 and close below this level, but never pulled back to the level to trigger a sell. It went all the way down to 4859 and we marked the trend as down. This shows the inherent risk at buying 4859 after an established down trend. As per the trading rules, nifty was bought at 4859. Later there is Industrial output news at 11 scheduled ahead. Keeping this in mind, the position was sold at 4970 5/10 minutes before the news event. Managed 11 point profit. When news are due, in what ever case the small SL is not likely to survive the volatility if trading is near the SL level.

Later DLF triggers buy at 211.50, which was also in an established down trend. Here also like NIFTY we did not got an entry at 218.40 and we bought in an established down trend as per our trading rules. Note that the trend is also marked down. It then rotated for 2 hours above our buy level, in such cases experience traders can exit the position. But keeping this as a SL hit as per the rules.

12-12-2011

• The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
• Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
• After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
• Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
• Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
• Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.

Date:		12-12-2011	Symbol:	NIFTY Fut
Directional Sentiment:		Down	SL/target:	12/30
Level	Comments
5015	Sell
4950	Sell
4914-4916	Buy/Sell
4850-4859	Buy/Sell
4765	Buy

Date:		12-12-2011	Symbol:	DLF Cash
Directional Sentiment:		Down	SL/target:	1.5/3.5
Level	Comments
221.80	Sell
218.40	Sell
211.50	Buy/Sell
199.50-200	Buy

 

Trades - 08-12-2011

Again NIFTY Trade stopped out. 12 point loss. DLF triggered two trades, first one stopped out and second one reached target. So made 2 points in DLF.