Augubhai's diary and notes

[augubhai]

BNF intraday trades:

1. short at 10505, exit at 10523 = -18
2. long at 10540, exit at 10575 = +35
3. long at 10590, exit at 10571 = -19
4. short at 10571, exit at 10589 = -18
5. long at 10609,

Brokerage of 5 points per trade not deducted.

 

[augubhai]

i know when we book on 60, market then keeps running on for 200 points

instead of having fixed 40/60/80 points in mind maybe we can use obvious points like S/R values or next round number (today's case it was xx600).

I think, over-all it will be better to book some profits when trading intraday but with higher time frame systems that use SAR etc it is better to hold till reversal.

Also it is necessary for peace of mind to trade both swing and intra-day in combination :thumb:

I will finally get around to trying S&R once all my other tries fail Going by the record, that is going to happen soon

What I am trying today on bnf is a combination of daily range breakout and break of 30 minute bars. I would have liked to trade only 1/2 quantity on break of the 30 minute bars, but that's not possible since I am trading just 1 lot.

I also gave some thought about profit booking - i thought of trading 2 lots, and booking 1 at 50 pts, and letting the other run - but then decided just to try tightening stops after 80 points. That looked good on the charts - so trying it out.

 

[PartTime_Trader]

I will finally get around to trying S&R once all my other tries fail Going by the record, that is going to happen soon

What I am trying today on bnf is a combination of daily range breakout and break of 30 minute bars. I would have liked to trade only 1/2 quantity on break of the 30 minute bars, but that's not possible since I am trading just 1 lot.

I also gave some thought about profit booking - i thought of trading 2 lots, and booking 1 at 50 pts, and letting the other run - but then decided just to try tightening stops after 80 points. That looked good on the charts - so trying it out.

No harm in trying out different things as long as the quantity is small and it does not bleed our account to death. :annoyed:

Infact its much better for learning to execute the trades, only imagining and back testing will never give us the true picture :thumb:

 

[augubhai]

BNF intraday trades:

1. short at 10505, exit at 10523 = -18
2. long at 10540, exit at 10575 = +35
3. long at 10590, exit at 10571 = -19
4. short at 10571, exit at 10589 = -18
5. long at 10609, exit at 10620 = +11

Brokerage of 5 points per trade not deducted.

 

[augubhai]

NF intraday trades:

1. Short at 5300, exit at 5331 = -31
2. long at 5331, exit at 5245 = +14

Brokerage of 2 points per trade not deducted.

 

[augubhai]

So easy to analyze, after the fact...

 

[augubhai]

NF intraday trades:

1. long at 5359

Brokerage of 2 points per trade not deducted.

 

[augubhai]

BNF intraday trades:

1. long at 10633, (entered by mistake, placed by instead of Sell Stop order

Brokerage of 5 points per trade not deducted.

 

[augubhai]

BNF intraday trades:

1. long at 10633, exit at 10647 = +14

Brokerage of 5 points per trade not deducted.

 

[augubhai]

NF intraday trades:

1. long at 5359, add 30% at 5372, SL at 5363

Brokerage of 2 points per trade not deducted.