I have been swing trading futures for some time now.I have few futures which i have been trading.My idea of a swing trading is always i have that future either i am long or short. That way I am not bothered about market movement as i will always move with the market. I will post two of my trades in this forum and you can watch how it is progressing.I use one hour bar ,MACD,PSAR,ADX and my judgment which i have gained now. My rules are
a) I hold the futures- either i am long or short.
b) I keep stop losses to protect my capital and profit is booked when i reverse my position.so i dont have a set target as i move with the price with a stoploss.
c) I KEEP LOSSES ONLY AFTER 10.00 AM.I take decision at 10 AM to hold or reverse and there after every 1 hour. I DONOT ENTER ANY TRADE AFTER 2.45 PM. I WAIT FOR 10 AM NEXT DAY.
d)I use 1 hr bars as i have found this gives better results, less whipsaws ,less no of trades, and no tension.(Only my broker is not very happy). Even if I miss one bar still i can reverse my position on next bar.( I am employed so I do not sit in front of PC whole day)
e) If I have a Gap opening still i decide after 10 AM only and go with market.
please watch my trades.
f) I have few selected futures and i am married to them.some for last two years. I do not look at others and you dont have to.
CANARA BANK - Short at RS 400 from 1400 hrs on 7 jun 13.Still short.waiting for reversal with stoploss 384. i will not book profit now but go long at the appropriate level.
RELIANCE CAPITAL- went long on 14 /6/13 at 330 .(went up to 350 yesterday)Today Gap down opening.Short at 336 at 10 AM - Profit 6 points ,stop loss is 348 .
AXIS Bank -I am short from 22/5 /13 at 1500.Now my SL is 1280.
I will update only CANARA BANK AND RELIANCE CAPITAL.
THE STOP LOSSES ARE KEPT SO THAT IT IS NOT HIT AND I CAN REVERSE THE TRADE BEFORE IT IS HIT.
I will update these trades every day with slop losses.:clap:
a) I hold the futures- either i am long or short.
b) I keep stop losses to protect my capital and profit is booked when i reverse my position.so i dont have a set target as i move with the price with a stoploss.
c) I KEEP LOSSES ONLY AFTER 10.00 AM.I take decision at 10 AM to hold or reverse and there after every 1 hour. I DONOT ENTER ANY TRADE AFTER 2.45 PM. I WAIT FOR 10 AM NEXT DAY.
d)I use 1 hr bars as i have found this gives better results, less whipsaws ,less no of trades, and no tension.(Only my broker is not very happy). Even if I miss one bar still i can reverse my position on next bar.( I am employed so I do not sit in front of PC whole day)
e) If I have a Gap opening still i decide after 10 AM only and go with market.
please watch my trades.
f) I have few selected futures and i am married to them.some for last two years. I do not look at others and you dont have to.
CANARA BANK - Short at RS 400 from 1400 hrs on 7 jun 13.Still short.waiting for reversal with stoploss 384. i will not book profit now but go long at the appropriate level.
RELIANCE CAPITAL- went long on 14 /6/13 at 330 .(went up to 350 yesterday)Today Gap down opening.Short at 336 at 10 AM - Profit 6 points ,stop loss is 348 .
AXIS Bank -I am short from 22/5 /13 at 1500.Now my SL is 1280.
I will update only CANARA BANK AND RELIANCE CAPITAL.
THE STOP LOSSES ARE KEPT SO THAT IT IS NOT HIT AND I CAN REVERSE THE TRADE BEFORE IT IS HIT.
I will update these trades every day with slop losses.:clap:
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