Manoj's Trading Diary

[manojborle]

Entered nifty long @ 7587, target 7620, Stop loss 7562

Need Hourly close above 7590

 

[manojborle]

Entered nifty long @ 7587, target 7620, Stop loss 7562

Exited @ 7611.3, not moving as expected.

 

[manojborle]

Exited from IDBI for a very small profit @ 105.7

IDBI target achieved, must learn the importance of patience.

 

[manojborle]

Do you Trade ONLY intra day or do you keep positions open over night as well?
This is very important factor to be with trend ... Is it Not?
Till NF retracts to 7250 7280, it might not continue with up trend ... What do you say?
I'm trying to translate my FX experience in to NSE and MCX ....
All your in puts will be helpful ...
TIA ...
Regards,

As I said in the morning Nifty future is in trading range and it bounced back from bottom of range so minimum expected target is 7677.

Also if you remember I had said that Bull flag has formed in Spot Nifty, so breakout above this flag will take Spot Nifty above 7800.

So minimum nifty future should go to 7677 and if again selling comes there it will come back to 7500 and the trading range should continue.

 

[manishchan]

Of course I'm putting baby steps in NSE and MCx ....
But, I will short NF now (7588)
TP @ 7530 ... SL @ 7615 (previous swing H)

Regards,

Wonder what made you short @ 7588 that too around 10:30 - 11:00 when market was showing super strength. Of course it was bound to fail so it did.. but do post your logic..

 

[manishchan]

Well.. didnt get what u trying to show wid the chart. I thought ur short was intra but from ur chart may be view was on higher TF..nevermind...

 

[manojborle]

Hi Amit

If I want to write something on the chart in background, what function to be used ?

Suppose I want to write this in background
" Always use Level 3 TD Points to draw TD Lines"

This should not change even I change the interval and on any new chart opened this should be always there in background.

Can you help ?

 

[amitrandive]

Hi Amit

If I want to write something on the chart in background, what function to be used ?

Suppose I want to write this in background
" Always use Level 3 TD Points to draw TD Lines"

This should not change even I change the interval and on any new chart opened this should be always there in background.

Can you help ?

GfxSetOverlayMode(1);
GfxSelectFont("Tahoma", Status("pxheight")/8 );
GfxSetTextAlign( 6 );// center alignment
[B][COLOR="Blue"]GfxSetTextColor( ColorRGB( 200, 200, 200 ) );[/COLOR][/B]
GfxSetBkMode(1); // transparent
GfxTextOut( "[B][COLOR="Red"]Always use Level 3 TD Points to draw TD Lines"[/COLOR][/B], Status("pxwidth")/2, Status("pxheight")/12 );

Play around with the highlighted text to get the desired colour.You can change the text in the highlighted line.
:thumb:

 

[manojborle]

Bhartiairtel has opened below Demand line on both hourly and 30 minute charts.
It can be a very good trading opportunity

:clap::clap:

 

[manojborle]

Bhartiairtel has opened below Demand line on both hourly and 30 minute charts.
It can be a very good trading opportunity

:clap::clap:

Target will be 332.45
I will use 3 minute chart to find short entries.