FNO Trading

[pasupathy]

26 FEB -

Trade No. 14 - Shorted Bharti @ 427.80 with stops above 428.5 ------ Had to cover @ 426.5 due to work pressure.

Trade No. 15 - Shorted Axis @ 548.4 with stops above 549 --- Had to cover @ same time @ 547.4 due to same reason.

Small profits with very stingy stoploss.

Trade No. 16 - Shorted Sunpharma @ 564.15 and covered @ 561.15. It hit a low of 559.15.

Enough for the day as these are calls that I am trading when I find free time inbetween my work.

Lets ROCK from APRIL.

 

[Vijay11]

Hi Pasupathy,
Thanks for replying.
Please go back to your INDIGO chart of 19th Feb. and see the timings given at the bottom of the chart.
Each one is 20M apart (since I don't use MT4, so quite probably got mistaken on that count).
The other thing I noticed was that candle size is small, though can't call them Doji, but you are
taking trades on them and are successful

Good so far.
Take it as my two bit on understanding your charts.

Vijay11

 

[pasupathy]

Hi Pasupathy,
Thanks for replying.
Please go back to your INDIGO chart of 19th Feb. and see the timings given at the bottom of the chart.
Each one is 20M apart (since I don't use MT4, so quite probably got mistaken on that count).
The other thing I noticed was that candle size is small, though can't call them Doji, but you are
taking trades on them and are successful

Good so far.
Take it as my two bit on understanding your charts.

Vijay11

Hi Vijay,

No.. Its 5 minute timeframe. Maybe some mt4 error or I don't know.

Look at today's chart -- sunpharma ... 5 mins .. maybe the one showing down is incorrect or some server time ... I don't know ...

Yes - candle size is small as it will keep the stops to minimum ... if there is a reversal then loss would be minimum ...

you can't rely on candlestick pattern in MT4 as the data is not accurate ... so what you call DOJI in mt4 will be different in your broker chart ... I don't give much importance to it ...

Cheers

 

[chandru1000]

When you find time, please post AXIS BANK and BHARTI charts. Thanks.

 

[Vijay11]

Hi Vijay,

No.. Its 5 minute timeframe. Maybe some mt4 error or I don't know.

Look at today's chart -- sunpharma ... 5 mins .. maybe the one showing down is incorrect or some server time ... I don't know ...

Yes - candle size is small as it will keep the stops to minimum ... if there is a reversal then loss would be minimum ...

you can't rely on candlestick pattern in MT4 as the data is not accurate ... so what you call DOJI in mt4 will be different in your broker chart ... I don't give much importance to it ...

Cheers

Hi Pasupathy,

Thanks for teaching me a new perspective on taking trades, i.e. Choose a Small Candle to keep the SL to minimum!
I had hoped that you will entertain the idea of disclosing the fundamentals of your strategy.
But.....Well that is your prerogative and can not force you.

BTW, can you do one thing, i.e. give the time also along with the price while taking a trade (to enable me to pin point the candle
of your trade, because sometimes the price gets repeated in the following candles. Otherwise also, the shape of the candle
differs from server to server).

Hope, you will do that

Happy Trading
Vijay

 

[pasupathy]

27 Feb : Stock in Radar today as per EOD

Dr Reddy
Hindunilever
Escorts
Tcs
Vguard
Orient Bank
Jisljal
JublFood

Cheers

 

[newtrader101]

I don't plan to reveal my trading strategy as of now. I don't want it being sold under someone's name for a price.

Nobody will SHARE or SELL a profitable strategy. Why do they have to sell if they can profit from it. Heard of the story "goose that laid the golden egg.."

I respect all those who shared their strategy in this wonderfull forum ... But I am not for it as of now ... Sorry

Regards

We all know the simple strategy HH,HL and LH,LL.
Or just draw a line and check if price is sloping.
No slope, no trade.
But I want a strategy for not jumping in at a slight movement...

 

[pasupathy]

When you find time, please post AXIS BANK and BHARTI charts. Thanks.

Hi Chandru,

Here it is :

Axis Bank :

Bharti :

Cheers

 

[pasupathy]

27 Feb :

Trade No. 17, 18 and 19 - total MTM 4400+

TCS :

Bank Nifty :

Tata Motors :

Cheers

 

[pasupathy]

Bank Nifty Chart :

Missed some awesome shorts today but nevermind ....

Cheers