Augubhai's diary and notes

[PartTime_Trader]

Question is why didn't I chase the market. i could have made a profit chasing the market in the morning.

As traders we choose what we do, and market does what it does

I am long now, Break-down failure . . . at support of 10500 ...

These trades (i.e. BO-Failure) will also eventually fail giving a good short, so everything works and fails we need to trade with our strengths and sit out when confused and not sure . . . .

 

[augubhai]

shorted 1 lot 499, sl 510

 

[augubhai]

sl hit....

 

[PartTime_Trader]

. . . . support not breaking, . . . longs not working . . .

 

[augubhai]

out of nf at 5220. nf saved the day.... again (but not much profit)

 

[augubhai]

Nilu shorts on... nf short at 5220, 5300 ce at 10

 

[augubhai]

nf short at 5161.5

 

[augubhai]

no trades in bnf yet. plan is to trade 2 lots, with sl at 20 pts, T1 for 1 lot at 50 pts, and exit other lot on price and volume action.

 

[augubhai]

shorted bnf at 10411

 

[augubhai]

T1 achieved. Exited 1 lot at 10359