Life and Journey of a Trader

sibu3168

Well-Known Member
Hi,

(1) First Trade

Bought 8 lots USDINR @ 53.49 & sold at 53.4675
Net Loss = (-213.35)

(2) Second Trade

Bought 3 lots EURINR @ 72.93 & sold @ 72.8775
Net Loss = (-174.55)

Total Loss = (-213.35) + (-174.55) = (-387.90)

Total Initial Capital = 25231.68 - 387.90 = 24843.78 - 1123 (RKSV Monthly charge) = 23720.78

Thanks
 

sibu3168

Well-Known Member
Hi,

(1) First position

USDINR (8 Lots) bought @ 53.1550 & sold @ 53.1225

Net Loss = (-293.14)

Total initial capital = 23720.78 + (-293.14) = 23427.64

In the last two days, I was little bit rash. Today my analysis was perfect, even USDINR did not hit my stop loss but due to lack of patience, I lost a good trade. I have to wait for the hourly candle to close. Just imagine, USDINR was up by more than 30 points from my entry price. So next time I will be more careful.

Thanks
 
Hi,

(1) First position

USDINR (8 Lots) bought @ 53.1550 & sold @ 53.1225

Net Loss = (-293.14)

Total initial capital = 23720.78 + (-293.14) = 23427.64

In the last two days, I was little bit rash. Today my analysis was perfect, even USDINR did not hit my stop loss but due to lack of patience, I lost a good trade. I have to wait for the hourly candle to close. Just imagine, USDINR was up by more than 30 points from my entry price. So next time I will be more careful.

Thanks
What's your take on USDINR now ? Does it have more upside or was today an aberration ?

I don't have USDINR charts in my s/w so if you can post a chart as per your convenience...

Thanks.
 

sibu3168

Well-Known Member
Hi timepass,

Can you tell me how to paste a chart here?
Actually I don't know how much about technicality of uploading a chart here? I'm very sorry for that.

Thanks
 
Hi timepass,

Can you tell me how to paste a chart here?
Actually I don't know how much about technicality of uploading a chart here? I'm very sorry for that.

Thanks
Upload the image on an external site like www.imgur.com or www.tinypic.com and paste the link here.

See my signature for instructions.
 

sibu3168

Well-Known Member
Hello Friends,

Good Morning everybody.
Last night my father's condition was very serious. I've to to take to him to hospital today. So I'll not trade today.

Wish you all a very happy trading day.

Thanks
 

sibu3168

Well-Known Member
Dear timepass,

Due to some urgency, I am not able to post the chart here.
For the time being, unless USDINR closes below 53, I think it will reverse from here. Also in my view, Nifty is also looking weak. So one should buy USDINR in declines with SL below 53. Once initiated the position, refer hourly chart to stay in the swing.

Thanks