Todays trade
5 MIN BAR FORMED WITH HIGH OF 2698, LOW OF 2676
SHORT TRIGGERED AT 2662, WITH SAR AT 2705
PIVOT HIGH WAS FORMED ON THE 30 MIN CHART, BUT WHEN CONFIRMED WITH 60 MIN THERE WAS NO PIVOT HIGH,
I DIDNT CHANGED THE SAR TO THE PIVOT HIGH ON 30, SO NO CHANGE OF SAR.
SENIORS I MAY BE WRONG ON THIS ONE, PLS ADVICE IF I AM WRONG.
SHORT COVERED FOR 1 LOT AT 1% AT 2690
(THIS IS PURELY MY WAY TO CUT ON LOSSES, SENIORS PLS ADVICE ON THIS ONE ALSO)
FOR OTHER TWO LOTS, SAR TRIGGERED AND NOW
REVERESED TO LONG WITH 3 LOTS AT 2705
BOOKED PROFIT FOR 1 LOT AT 2733 (1%), 2ND LOT AT 2761 (2%) AND LAST AT 2765
(AS SAINT SIR SAID, BOOKING PROFIT IS INDIVIDUAL CHOICE, SO I KEEP AT DIFFERENT LEVELS, THE REASON I DO THIS IS BECAUCE IF THERE IS A SUDDEN DECLINE ON UPTREND, THEN I WILL MISS OUT ON THE HIGHER LEVEL, I THEN WILL HAVE TO SATISFY MYSELF WITH FEW PROFIT IN MY POCKETS, AGAIN ITS PURELY MY VIEWS)
SENIORS, PLS ADVICE ME ON THE PROFIT TAKING METHOD ALSO,
NEED ADVICE ALSO ON WAS SAR TO BE CHANGED ON PIVOT HIGH ON 30 MIN CHART, OR TO BE SKIPPED.
THANKS,
RAJENDRANI