Trade Diary of a Novice

[ajeetsingh]

My yesterday's trade:

gross profit: 5*7 = 35
misc charges: 4
net profit: 31
bal c/f :5142
Net worth: 5173

 

[ajeetsingh]

Below are my trades for yesterday and today:

gross profit: 13*7 = 91
misc charges = 4
Net profit = 87
Bal c/f = 5173
Net worth = 5260


and

gross profit = 1.2*70=84
misc charges = 4
net profit = 80
bal c/f= 5260
Net worth = 5260+80=5340

currently I am carrying short timeframe trades only as hourly charts require lot of study whereas 5 mins chart need only some trick to find key n valid reversal points

 

[ajeetsingh]

some friends may think that how I am able to find such accurate reversal points.
so here is list of indicators that decide valid reversal points.

1. Accumulation & distribution
2. volumes
3. reversal candles
4. trend
5. volatility
6. HL LL HH LH
7. stoch
8. ROC of some MA's

Formulae is developed by me only and credit goes to Nobody, other than 2 forums which i daily visit.
Although its not holygrail but Reward:Risk ratio is huge so we'll end in profit, like in above 2 trades I earned 3% so i can bear 5 SL of 0.5% each(taking care of brokerage as well).
So money management is key to every successful trade.

one thing, don't mistook white arrows as my trades as formulae gives only possible reversal points but e have to recheck it visually as brain is best indicator.
like 1st short thats on 11th feb is not valid from my view point as there was no clear trend or clear behaviour of optocircuit.
and long ka toh sawal hi nai uth-ta.
will tell further indicators in future whenever i get time as I am not professional trader so seldom i get time in eve for writting.

 

[ajeetsingh]

Sometimes wavetrend is also supportive in taking decisions
Above 64 and below -64 are overbought and oversold zones
I never trade if all signals are not pointing in same direction.
Stock must not be high volatile during reversal trades
So low volatility favors me most during reversal trades in 5mins timeframe.
Similar is the case with volumes
Higher volumes denotes trend and not reversal so take care of that.

 

[ajeetsingh]

Today, market was bit confusing for me!
so NO trades today!!!!!!!!!!!!!!!!!!!!

 

[ajeetsingh]

Here's the link for Real Time Data plugin for amibroker:
Download

You must have, VC2008 ReDistributable (X86), already installed for proper working.Else download from Here

Steps to install:

1. COPY THE DOWNLOADED DLL FILE ( PLUG IN ) IN C:\Program Files\AmiBroker\Plugins
2. OPEN AMI , IN AMI , go to FILE > DATABASE SETTINGS > type in NO. OF BARS - 5000 , select BASE TIME INTERVAL - 1 MIN DATA source ( select ) F3SPL DATA PLUGIN > > CONFIGURE
3. Type in time difference in seconds - 19800 press connect
4. select MCX/ nse futures etc. from drop down menu " ALL Symbols "ect , press retrieve .After " all symbols recieved " press OK
5. Press OK in Data base setting window
6. NOW the plugin status @ the right bottom corner of AMI is green
7. WAIT for a few minutes to download historical data backfill .
8. Now in AMI go to VIEW > SYMBOLS AND select symbols and view the LIVE chart

 

[ajeetsingh]

Here comes my today's trades:

Trading with 3 mins graph is very tough so what i does
Feeded 76 scrips with high liquidity and run amiquote with 1 mins google data update at my server then configured and enabled email alerts in amibroker for triggers for buy/sell.
As soon as i received mail alert in my android mobile, I placed order through NSE NOW mobile app in my phone @ market price.
Worked well today.
gross profit= 5.3*11=58
misc charges= 4
net gain = 54
Bal c/f= 5340
Net worth= 5394

Till now I tried 4 different strategies using price action and till now todays strategy was most appealing to me a it requires very less effort but move down the target as 2% target seems impossible in such a small time frame.
Higher time frame with current method gave much whipsaws

 

[ajeetsingh]

Tomorrow is day to test another theory of mine.
Averaging method(As I name it).
Lets see what happens....

 

[ajeetsingh]

Currently Long in ONGC @ 316, will add more @ 313
Targt: 319
Entered around 10.25am


Got out at 11.01am, target hit :clap::clap::clap:

 

[ajeetsingh]

tomorrow I will study another theory of pullback on 5 mins chart. lets see...