Life and Journey of a Trader

[sibu3168]

Hi,

Revised SL 53.7175

 

[sibu3168]

Hi,

Revised SL 53.73

 

[sibu3168]

Revised SL 53.73 Triggered

 

[sibu3168]

Hello,

In the heat of trading, in fact I placed SL of 12 lots of USDINR at 53.73. All 4 lots have been covered at 53.63.

For today, no further trading.

After market hour, I'll explain my trade.

Thanks

 

[sibu3168]

Hi,

The logic behind today's trade.

(1) In the first hour USDINR had formed a strong White candle.
(2) It was formed strong support at 53.69 (i.e. yesterday's gap).

So I expect it to touch around 53.98 level.
Infact, USDINR was trading in a tight range about 11 points. So in a sideways condition we can not expect much from it. On upside, it got resistance around 53.82 three times when went above my buy price. At that moment I suspected about my call but since it struck inside a trading range so I have to wait to trigger my SL. When it triggered the revised SL of 53.73, there was no looking back. At that moment I sold more 4 lots at 53.73 and covered at 53.63 to cover the loss in first trade. In the heat of the trading I was unable to flash it.

So in Ist Trade - Loss 453.53
2nd Trade - Profit 383.26

Finally - Net Loss - (-453.53) + 383.26 = (-70.27) (Inclusive of all charges)

Total Initial Balance - 25000 + 1066.40 + (-1433.28) + (-70.27) = 24562.85 - 600 (as payout) = 23962.85

Thank You

 

[jahan]

Hi,

The logic behind today's trade.

(1) In the first hour USDINR had formed a strong White candle.
(2) It was formed strong support at 53.69 (i.e. yesterday's gap).

So I expect it to touch around 53.98 level.
Infact, USDINR was trading in a tight range about 11 points. So in a sideways condition we can not expect much from it. On upside, it got resistance around 53.82 three times when went above my buy price. At that moment I suspected about my call but since it struck inside a trading range so I have to wait to trigger my SL. When it triggered the revised SL of 53.73, there was no looking back. At that moment I sold more 4 lots at 53.73 and covered at 53.63 to cover the loss in first trade. In the heat of the trading I was unable to flash it.

So in Ist Trade - Loss 453.53
2nd Trade - Profit 383.26

Finally - Net Loss - (-453.53) + 383.26 = (-70.27) (Inclusive of all charges)

Total Initial Balance - 25000 + 1066.40 + (-1433.28) + (-70.27) = 24562.85 - 600 (as payout) = 23962.85

Thank You

Hello,

sibu sir, can u pls tell me that ur using a particular/standalone strategy or u just Trading with the Chart?
...iam asking u this b.coz by observing ur 2 trades, it seems that ur not following a particular strategy, or may be ur following multiple strategies, i will be very happy if u can elaborate little bit on this...Thanking u sir.

Regards,

 

[sibu3168]

Hello,

Good Morning everybody.

Again it is a new day with new hope and new expectation. No relation with previous day.
So let us hope for the best.

Happy trading

 

[sibu3168]

Hello jahan,

I never follows a particular strategy. In fact when I followed a particular strategy in past, the net result was either break even or loss after a certain period. The problem with a particular strategy is that when you detect that the particular strategy is not working, at that time it was too late. May be it is my personal view, but it is true.

My trading strategy based on either of the following parameter which from my experience I see always works.

(1) Price action in multiple time frame using candlestick,
(2) OB/OS conditions in intraday chart
(3) Divergence in intraday chart usung RSI, MACD Stochastics and Bollinger Band.
(4) ADX and OBV

To make things easier, I prefer Ami Broker over other software as I found it is a far better software relating to analysis and I use Manshi RT as data vendor.

Hope this will clear your doubts.

Thanks

 

[sibu3168]

Hi,

Bought 4 lots EURINR @ 71.63, SL - 71.42, Time 10:40:40

 

[sibu3168]

Revised SL 71.4975 for EURINR