MCX Silver Real Time Trading Log - 20% ROI

[marimuthu13]

Re: Trade No 9

Revising SL to 54550 ( to reduce loss if trades goes against us)[/QU

Tgt 54880

if both SL and TGT not hit, let system square off position by 11.05 PM...

(if loss then it will be 80 points and if TGt hit then 250 points)..

not much movement in this whole week..

we need only 2-3 good trading days i,e large movement days to achieve our target.. let us hope for the best...

 

[marimuthu13]

Re: Trade No 9

Revising SL to 54550 ( to reduce loss if trades goes against us)[/QUOTE

system squared off position at 54770

so 9th trade closed with profit of 140 points..

cumulative profit/loss now is + 1075 points.

 

[marimuthu13]

10th trade..

not getting exact point height ( to sell ) or bottom ( to buy)

R:R is not favoring to initiate a trade....

if in confusion , staying out is my policy..so staying out for a while..

 

[meherp]

10th trade..

not getting exact point height ( to sell ) or bottom ( to buy)

R:R is not favoring to initiate a trade....

if in confusion , staying out is my policy..so staying out for a while..

Good Evening....Lets wait ....

 

[MARUTIMANE]

Dear Marimuthu

good evening
may I know on what basis you are taking trade on S/R or any indicator or only price action. I think today there was good opportunity at 7 oclock but you avoided may I know the reason for that It will help us little bit.

Thanks and regards

 

[kumudhan]

hello bro marimuthu13.seen my pm?

 

[marimuthu13]

Dear Marimuthu

good evening
may I know on what basis you are taking trade on S/R or any indicator or only price action. I think today there was good opportunity at 7 oclock but you avoided may I know the reason for that It will help us little bit.

Thanks and regards

Hello sir,
yes there was a movement around 7 o clock,...but it started in between the S/R as move is based on some news..

I trade based on S/R and along with candle sticks pattern..use VWAP also...

At that time move started, it was trading below Resistance of 54260 and above the support of 53930.. so its risky as well as not good R:R..

so simply avoided the trade...

For me I need only 2000 points in silver per month..so no matter ..if its fully ok for me then only i enter trade.....

 

[marimuthu13]

hello bro marimuthu13.seen my pm?

Hello sir..

hope you are doing good..

Yes sir..

i will call u tomorrow sir..

 

[marimuthu13]

Good Evening....Lets wait ....

Hi good evening..

yes ..we will wait..

 

[marimuthu13]

Hi Folks,
currently I am out of city ( On duty - official trip) with no access to my charting tool (MT4), and i will be back to chennai on 19th mar'13, will start trading on the same day..

Another 900 points left for this month, would achieve in due course of time.. Till then bye and enjoy the week ends...