Trades using Moving averages

[augubhai]

Short JSw steel @ 687.4

 

[augubhai]

SL @ 689. Will stop posting live now. Difficult to manage multiple counters and post

 

[amitr]

I am trading through Indiabulls on MCX. This is a Power Indabulls chart.

Hi, Thanks for the answer. But isn't MCX only open till 5 pm? You were trading in the night and hence I asked. How come?

 

[SavantGarde]

Currency Trading stops at 5.00 pm ......commodity trading closes at 11.30 pm

SG

Hi, Thanks for the answer. But isn't MCX only open till 5 pm? You were trading in the night and hence I asked. How come?

 

[amitr]

Thanks SG. US seems to have closed much lower. Like you, I had a few long futures (30 lots). What do you suggest for tomorrow. Cut losses and square up or hold - can hold for a few days/weeks.

 

[augubhai]

Friends,

i have been forced by circumstances to limit the time that I can spend on watching charts. Usually, i am able to place trades between 10-10:30 AM. Other than that, I am able to day trade commodities late night. But on some days, I am not able to get to the charts at all.

So...
I have been trading a bit differently during the past 4 months - I guess its called Swing Trading. I have been using just one Simple Moving Average, and have been profitable. Now, before I share what I have been doing (no rocket science), I need at atleast some of you to look at the charts below, and tell me how you would have traded these charts.

The charts are just daily charts with 3 SMA.

Below is Nifty. I have not shown the recent run-up, since that is an "easy" trade.