My Nifty/Mini-Nifty Positional trade logs

[summasumma]

The red horizontal line in nifty price chart above is the previous swing low 5320.10 and nifty took support around that point today as today's low is 5320.95

5320 broken... next support around 5280...

 

[summasumma]

3291, 2191, 1531 came down.
211, 811 also came down.

so Holding [email protected]: 5296

 

[timepass]

Arre bhai, this is looking good. How did you decide on the shorts. Two sets of stochs were below 80, none in the oversold zone... So why the decision to take shorts. Exiting longs, fine, it's profit booking.

3291, 2191, 1531 came down.
211, 811 also came down and < 80.
Exited Long EOD @ 5365
Profit: 69 points.
I entered in mini-nifty only so 69*20 = 1380/- rs(-brokerage...)

Again, entered Short 1 Mini-Nifty lot @ EOD: 5363

 

[angrish99]

yestarday short minifty sep at 5374 covered at 5352 now again short at 5326.

 

[summasumma]

Arre bhai, this is looking good. How did you decide on the shorts. Two sets of stochs were below 80, none in the oversold zone... So why the decision to take shorts. Exiting longs, fine, it's profit booking.

The decision for short is due to 2 reasons:
1. continuous 2 down move by 811 and it also came below 80.
2. 1531 started moving down and almost coming out of 80 (moved from 88.9 to 81.9)...

In this system the short trades are not entered after stochs enters OS zone. But Shorts are entered when stochs are coming out of OB zone.
Similarly for Long.

 

[summasumma]

oh my ....... forgot to rollover to september...
dont know which way it will open tomorrow...

 

[summasumma]

3291, 2191, 1531 came down.
2111, 811 went UP...

if 811 goes up again tomorrow at EOD (making it 2 consecutive UP), we can think about changing direction in the trade. Till then hold short.

Holding [email protected]: 5306

 

[summasumma]

3291, 2191, 1531 came down.
2111, 811 back to down again...

Holding [email protected]: 5291

 

[prabhsingh]

3291, 2191, 1531 came down.
2111, 811 back to down again...

Holding [email protected]: 5291

Hi Summa,

Just a quick question.The last bar of the day stands up.Does that needs to be consideration as well.

 

[vinst]

3291, 2191, 1531 came down.
2111, 811 back to down again...

Holding [email protected]: 5291

Hi summasumma,
Method is shaping up well and it is time to sum-up rules as of now. also, the nuances under consideration can also be listed.