My Nifty/Mini-Nifty Positional trade logs

[summasumma]

did u do rollover today or will be buying it tomorrow

No i didn't rollover today. Have to enter tomorrow

 

[summasumma]

Again, all stochs went UP. parents moving up together.
2111 chased up 811 successfully today and both are in OB zone now.

Today was the expiry day and i was trying to rollover the position to next december series. But greed played its role today.

when i exited nov-NF@5782 in the morning, the dec-NF was trading in 42 points premium @5824. So immediately thought was that 'nifty is already up nearly 1% and it should come down for small correction by 20-30 points and i can buy around 5790 for dec-nf'...

But what happened is that nifty never looked back and kept raising. By the time it touched 5850 the next thought came in as 'i should have made simple rollover by buying at whatever price for dec-nf when i sold nov-nf . Ok now its too much raise and there should be intraday correction definitely and i can enter@5824 range itself'. But what happened? NF still kept raising and closed@ nearly top today.
Now eod thought was 'ok lets buy tomorrow when the market makes small correction to maintain the long position' Lets see where this all greed is going to end in realtime :thumb:


Open Position:
--------------
Exited [email protected]@5640...Profit: +142
Rollover to dec-NF not done. Ideally should be long. No open position.

P/L status:
-----------
-20+80+142 = +202

 

[amanfree]

no trades????

 

[summasumma]

Down in viral fever...getting recovered now. im Not holding open position.
will post update soon.

For the current situation, its not good to short NF...
good idea is to use dips to enter positional long...
Stay Long untill we get clear signal. we might touch 6000 soon as all stochs are in OB zone. lets see

 

[summasumma]

Went long @ 5923 yesterday...
There is a gap between 2111/811 with 2111 still in OB zone. There is a good chance of pullback.
Also parents and child are in OB zone eventhough child is pointing downwards...
Will post image later..

SL is exit when child or 2111 come out of OB zone drastically. Otherwise wait for the good up move till 6000 again.

 

[summasumma]

Went long @ 5923 yesterday...
There is a gap between 2111/811 with 2111 still in OB zone. There is a good chance of pullback.
Also parents and child are in OB zone eventhough child is pointing downwards...
Will post image later..

SL is exit when child or 2111 come out of OB zone drastically. Otherwise wait for the good up move till 6000 again.

Child came out of OB zone...
Exited long @ 5915...Loss=8 points
No open position.

P/L status:
-----------
-20+80+142-8 = +194

 

[summasumma]

Parents are in OB zone and child is still outside OB zone.
Also gap between 2111 and 811 persists which indicates flat market till they meet again. we have been in similar situation in october.

No open position.

 

[summasumma]

Parents are in OB zone and child outside OB zone.
Gap between 2111 and 811 still persists. Will wait till the gap getting closed probably with an upmove soon.

No open position.

 

[summasumma]

Parents peaking out of OB zone now.
Gap between 2111 and 811 still there.
So hold on...to avoid any whipsaw in the positional entry.

 

[summasumma]

Parents just outside OB zone but flat and child is already near OS zone. No clear indication of trend/direction.

2111/811 gap is still not closed. No position yet...Patience is the key. This system is not designed to play in rangebound indicated by this 2111/811 gap. I believe avoiding the trades in rangebound market itself will save a lot of money. Pls Wait.