Trading Diary - Oklance

[oklance]

Dear friends

starting this thread to post my trades. I trade tatamotors cash, with one simple method, ie macd crossover. I may or may not have real positions in the posted chart, but will post daily trades based on this method, whenever get time.

more in next post.

 

[oklance]

Trading method is very simple, we go long if macd co gives us buy signal i.e. macd line crosses signal line from below to upwards and we go short if macd gives us sell signal. i.e. macd line crosses signal line from above to downwards. the difference between macd (12,26) and signal (12,26,9) should be at least 0.3.

trading scrip- tatamotors cash
time frame - 6 min chart
method - macd co only

 

[oklance]

As this is an intraday method, at 9.08 am ,we get opeining ticks i.e. where our scrip will open from tv news etc, we get our opeining point, we see at that price if macd is bullish, we go long, if its bearish we go short, as simple as that. We are always in trade, if macd reverses we also reverse

Threre are few exceptions, if we get big bollinger band failure, we reverse above/ below bb failure bar. Other than that there are few strong days which we call buy on dips day/ sell on rise days, we keep our holdings whole day till eod, iresspective of macd signal , as soon as we recongnise that day as strong. I will talk more about how I recongnize such days later. Other than that we are in the direciton of macd cross over.

 

[oklance]

Based on my observations, I found that these days tatamotrs scrip can give you max loss of 10-12 rs if things goes against you, so assuming 12 rs as stop loss I Position size my shares.

There will be days, when this method can be extreamly frustating giving whips one after another and hence losses, so one must have capability to brear losses, profits may not come daily but at the end of month result is mostly encouraging. I tried to tweak this method but as it looses its simplitycity, I decided to keep this most simple rules.

 

[oklance]

I exit my trades at 3.18. what ever is my position.


Assuming that initial capital is 1 lakh, and I take risk per trade 2 %, and stop loss rs 10 away, no of shares I will buy 2000/10 = 200 shares. at a time. Let us see what happens to our capital this month.

I will add/subtract profit/loss at the end of month. That will be my new capital.

 

[oklance]

Posting chart for today's trades

yesterday there was bb failure at eod , so we were short, today at open we short at 9.15 bar open.
Stop and reverse above 9.42 bar.
Stop and reverse 13.06 bar
exit at 3.18 pm

points made

1st trade 4.65
2nd trade 1.65
3rd trade 0.7
-------------------
total 7.0

Total Profit/loss 7*200
1400 rs for the day

 

[oklance]

14.12 bar macd gave a sell signal, but we were already short at bb failure

 

[timepass]

Why 2 volume panels ??

 

[oklance]

Why 2 volume panels ??

By mistake, shall correct in next chart

 

[oklance]

Today at open went long as macd was bullish
9.18 bar i.e. first bar was a bb failure bar, hence went short below it during 9.36 bar
stopped and reversed at close of 10.24 bar as macd co happened.
stopped and reversed a 12.12 bar as c/o happens
holding shorts as of now....