My options trading diary----kiran_thiru

kiran_thiru

Well-Known Member
trading is as per chart with indicators. rules are below
trade enter morning 15 min after market open
trades must close before 15 min of market close
don not overtake positions next day. trade only intraday.
trade confirm closing of candle as per dot.
square off if dots not appear. dont take new positions.

as per nifty today chart, the numbers explained as
1.at 9.30 long entered as previous candle closed above blue dot
2. candles touched blue dot but not went below
3.price @ 5430 but isl blue dot is 5390. big gap between those
4. in real trades we close positions at 5410, 5430, 5450 because of profits. but we see yesterday nf down 200 points. so if you close position early we miss big profits. but it is impossible like some of me. but patience must give big profits as per trend following.
5. nifty again came down touched tsl blue dot but not cut that.
6. cutted and closed candle below blue dot line and disapper blue dot. so close long.
appeared yellow dot closed below that so entered short on next candle.
7. nifty went down. big difference of points between price and yellow dot.
8. whipsaws here. big green candle cutted yellow dot. so close short position. long at next candle on blue dot. but not hold above fastly cut the tsl blue dot line. closed long with loss. waited for dot appear and close on candle to enter trade.
9.blue dot appear enter long in next candle.
10. at any p/l trade was closed at 3:15.

today is trending day. in middle time some fast ups and downs. one should go as trend must take profits to home.
any indicator gives profit. but we must trust and follow. but as like my self. i get losses trading againest trend. if a trade in profit, i close early missed big fish.
in nifty futures 10 points is acceptable profit. 20 points good profit. 30,4,50 are major profits. we take little profits, holds big losses.
i will trade nifty futures from next month. to get confident with this indicator i trade on paper in this month to check profits with out emotions.
thank you.
 

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