Manoj's Trading Diary

[manojborle]

had given a sell order @ 5540.2 but did not trigger and then I cancelled it & market went down fast, missed good entry

 

[josh1]

try Google Docs
docs.google.com

You can update a spreadsheet, and share the link in your signature.

Alternately, you can take screenshot and post it same way as image.

 

[manojborle]

Shorted NF @ 5524.1 for a target of 5480

 

[manojborle]

My Trading records are uploaded here

 

[manojborle]

Seeing the losses I have decided that from next trading day onwards I will follow these things very seriously.

1. Restrict loss to 2% of my capital on every trade and will change my position size accordingly.

2. No trade if risk to reward is less than 1

3. I will book 50% quantity at the target, move my stoploss to breakeven and wait for opposite signal to exit remaining half.

Al Brooks strategies to follow :

1. I will take only with trend entries and wait for H2 or L2 signal.
---- In a strong trend, H1 or L1
----- Most preferable H2 near EMA or L2 near EMA

2. In a strong move, I will trade failed breaks of the micro trendlines.

3. Reversal Entries

- - - Pullback after trendline break

---- Failed final flag
Here the flag breaks the trendline and then the breakout fails.

---- Reversal from trend channel line Overshoot

So starting from monday, I will strictly follow with trend entries only, ie H1, L1 or H2, L2

 

[manojborle]

Also I will stop trading NF for some time and shift to equity for some time till I am comfirtable with finding the setups and patterns and then come back to NF again.

 

[manojborle]

Probable trades for monday

 

[manojborle]

 

[manojborle]

 

[manojborle]