Seeing the 15min Chart as is.

[jamit_05]

Only Long trades (for the entire week... )

Long at 6762.25 ; Target is all time high... 6800;

 

[jamit_05]

Only Long trades (for the entire week... )

Long at 6762.25 ; Target is all time high... 6800;

Cleared all losses and expense and left some profit to spare.... last couple of weeks have been in a very narrow range... tough times... but sailed through...

 

[jamit_05]

Cleared all losses and expense and left some profit to spare.... last couple of weeks have been in a very narrow range... tough times... but sailed through...

My trading experience since March series has been interesting. Most days were narrow which allowed plenty of room to make mistakes. This ironed out creases. Work is still under progress.

Yesterday, gave me a chance to wipe the slate clean.

 

[jamit_05]

Only longs for today, but no entry on HOD break.... as it is difficult for such a strong move to continue momentum. Will seek long immediately after correction.

 

[jamit_05]

Exits are different in Intraday trading than in swing/trend trading, in a way that one is not focussed to gain from big moves. Big moves are not the center of an intraday traders gameplan, because such big days happen rarely; but trading happens everyday. Everyday, there is a trade or two to be taken, which gives 10 to 20 points gain. He is interested in making a home, one brick at a time. At the same time, it'd be his shortcoming if he exited at 20 points, in a 100 point move.

Success in intraday trading would be a result of two things done right:
1. Spotting good trades (leaving out the duds, the strugglers)
2. And Exits

(after MM, PS, discipline etc).

I hope to apply this in April.

 

[jamit_05]

Long over 6830;
Target HOD.

 

[jamit_05]

Long over HOD. SL 13 pts. Target 6860


Expectations:

If the entry does not see early momentum, then it will face resistance from:

a. hourly ema15
b. yesterday's lod
c. and yesterdays trading range.

Hence, I will wait for 30 mins for momentum after entry. Then I will take my 20 points and get the hell out.

 

[jamit_05]

Readers here, must consider VJAY's thread as the bible. He takes perfect trades in 15min intraday. He has paced himself perfectly well... take for ex yesterday... in the entire day... he took just one trade... BAM! ...Done nothing else.... perfect hunting....

Other friends on TJ save quotes from senior traders as memorabilia or for future learning...... I save his trade images... A Picasso!

 

[jamit_05]

I see today as a sideways day and will hence go long only above yesterday's high and definitely take no shorts...

 

[jamit_05]

Long Over HOD.

Also expecting failure of LOD as a good entry point.