Trades using Moving averages

[augubhai]

Stop Loss @ 5528

 

[augubhai]

50% out @ 5541

 

[augubhai]

I find that todays... big resistance as well as support at 5518 (Cash) for intraday.:thumb:

I never look at index spot for trading, though

 

[augubhai]

Add trigger placed @ 5538, target 5550

 

[augubhai]

Stop Loss hit. Lousy day

 

[augubhai]

Lousy day in more days than one. When I booked profit for 50% @ 5541, I forgot to reduce the quantity in my Stop Loss order. So I am now short by that quantity. Noticed it only after the market closed.

Break even day. Just made enough to cover brokerage and charges. Summary of today's trades.

Trade 1
Short 4x @ 5535.85
Exit 4x @ 5545 (SL)
(Price had gone down to 5533.95)

Trade 2
Short 4x @ 5534.8
Exit 4x @ 5531.09 (SL)
(Price had gone down to 5522)

Trade 3
Short 4x @ 5527
Exit 4x @ 5527.65 (SL)
(Price had gone down to 5512)

Trade 4
Short 4x @ 5513.38
Exit 4x @ 5514.5 (SL)
(Price had gone down to 5503)

Trade 5
Short 4x @ 5509
Add Short 2x @ 5507.2
Add Short 2x @ 5501.1
Exit 8x @ 5506 (SL)
(Price had gone down to 5488)

Trade 6 (Changed Profit Booking method for this trade)
Long 4x @ 5514
Add Long 2x @ 5522.5
Exit 1x @ 5533 (profit booked)
Exit 2x @ 5541 (profit booked)
Exit rest and more at 5528.5 (SL)
(Price had gone up to 5541)

Still short 2x by mistake.

 

[San Yad]

Thanks for sharing!

See you tomorrow

Happy Trading!

 

[augubhai]

Chart for the day. Doesn't really matter, since I did not follow most of my own so-called rules.

 

[augubhai]

Long crude @ 4342, SL @ 4333

 

[augubhai]

Sl @ 4334...