daSARa system

[augubhai]

 

[augubhai]

Tried discretionary today. It was just another down day that I failed to read. I had a +ve bias because I thought that it would expire upwards after closing the gap - 8600+?

I did try to lock in profit in the Nifty trades. SL tightening was not good. I only tightened the initial SL in the first Tatasteel short, and missed a good move. I did not tighten in any of the other loser trades...

Also, had a lot of problems with NEst and internet

1. long 8474, out 8466
2. short tatasteel 324.7, out 325
3. long reliance 841.25, out 839.7
4. nifty short 8426, add 8396, out 8389
5. short tata 320.1
6. SAR long 321, out 319.9
7. short 8383, out 8341
8. short reli 828.05, out 829.4

 

[augubhai]

1. short nf 8441, out 8450
2. short nf 8437, out 8442
3. short rel 831.35, out 820.15 - bad profit taking
4. long rel 820.15 - typo trade
5. SAR short 821.5, 824
6. short nf 8415, out 8374
7. short ts 318.5, out 318.2
8. short rel 816.25, out 818 - did not trail due to typo
9. short ts 314.4, out 314.85
10. short ts 316.75, out 317.5
11. long nf 8418, out 8412
12. long nf 8419, out 8440
13. long rel 827, out 830.95
14. long nf 8451, out 8441 - in seconds
15. short nf 8425, out 8429

 

[augubhai]

Last reliance trade is +3.95, not negative.

Now, that I have posted the charts, I will see if I can catch any more trades before I leave home.

 

[r.amvarman]

Dear Mr.AuguBhai,

could you please show me the link where daSARa system explained in detail?

I searched but could not find,
Moreover it would be grateful to you if you share what are the systems (Like ORB,Supertrend) that you are currently following?
I have only 6 months experience in trading(Full time) yet to find a good trading system.
Thanks in advance

 

[augubhai]

Story Time....

Moral of the story: Discipline still lacking.

1. ts long 342.7, out 341.1 - hit my SL and reversed. Should have had a tighter SL here.
2. nf short 8771, out 8725 - should have waited more???? ok, good exit
- reliance still doesn't want to move down
3. rl long 871.2, out 870
4. rl short 865.9, out at 866.95

---- Break Time ----

- tatasteel looking to move up, i think
5. nf short 8747, out 8754
6. nf long 8757, out 8756 - reversed from PDC

--- Break Time. Sleepy ---

so i missed the upmove in reliance. was thinking about long at BPB at PDC, but was not sure about when to enter.... long possibility exist even right now
7. rl short 887.2, out 886.7 --- momentum stopped, i think
8. nf long 8770, out at 8765
9. nf short 8762, out 8768 - late entry because of typo - discipline gone for a toss here
10. nf long 8770
11. SAR short 8767, out 8774
12. long nf 8777, out 8781 - bad exit , because I was looking at rl instead of nf. after holding through a grinding barb wire, exited just as the money wanted to come in. Lesson: LOOK AT THE CHARTS
13. long rl 889.9, out 891.75

--- need to get discipline back. discipline missing after trade 9. i think it is taking a break ---

14. rl long 890.55, out 890.75
15. nf short 8796, add (delayed) 8741, out 8749
16. nf long 8752, out 8748 ---- time to take a break from nf... focus on other scrips
17. ts short 347, out 347.1 ---- i do not take profit
18. ts long 348.3, out 347.25
19. nf long 8785, out 8801
20. ts long 347.9, out 346.8

--- ts eating up profit, will try to avoid it, but no promises ----

21. rl long 896, out 897.25

--- Done for the day.... small chillar again. won some in nf, lost in ts, so-so in rl ---

 

[kiran_thiru]

augubhai, it seems both of us are in same boat. but you are in VIP class and i am in ordinary class in trading size.
most of the trades are similar to me in RIL. you are in express mode (3min). i am in goods mode (15min).
but finally made little profits or big losses.

 

[augubhai]

Moral of the story:
1. Was happy with my discipline today, even though it was a loss.
2. If I knew how to lock in small profits, even today would have been a good day.

Story so far: Came late to the terminal. Decided to add Bank Nifty to the mix. Missed shorts below the first bar in Nifty and Bank Nifty (late reaction). Even Tata Steel looked a good short. Shorted Nifty at 8794 on first pullback. Watching all the charts was becoming a problem, so decided to watch only Nifty today, with double quantity. Closed all other charts, and shorted more Nifty at 8794 on second pullback. Out of all position at 8798.

1. Short 8794, out 8798

--- Reopened the other charts. Nifty looks boring so far. Tata Steel is going for some action, i think ---

2. long ts 344, out at 346.4 - as usual did not book at PDC target

--- may be more move left in ts, but not entering now. disappointed with bad exit

--- no gas in reliance today... coming towards 900 fro refueling ---

3. short ts 348.2, out 349.25

--- ts triggers placed on both side. what will i get - loss or profit? ---

4. short ts 349.1, out at 347 - so only ts worked good so far

--- reliance is doing something, but i am focused on this time pass trade in tata steel ---

5. rl long at 897.45, out at 896.5
6. nf short at 8783, add at 8781

--- focusing only on nf now ---

7. nf SAR long 8787, out at 8790

--- missed BOF in bnf , had just stepped out for a moment ---

--- confusing market, thinking of a break now, but i think that reliance is getting ready for action ---

8. short ts 348.65, out 349.6 - ts cheater

--- current bias, short in nf, long in ts, undecided on rl and bn ---

9. long ts 350.4, out 349.6
10. short ts 349.3, out 349.85
11. nf short 8775, out 8781

--- Break now.... need a win in NF today. P&L will be decided only by that, since I trade more lots in NF compared to other scrips ----

12. nf short 8791, out at 8795

--- reliance may go up, but all money tied up in nf ---

--- again focusing on only nifty... closed all other charts, and removed from market watch... it is a flat no-trade that has been fooling me so far ---

13. long nf 8807, out 8807
14. short 8799, out 8802
15. short 8795, out 8802

--- Done for the day ---

 

[augubhai]

I traded more lots in Reliance today, and turned a decent profit day into a chillar profit day.

1. Nifty was good
2. Reliance ate up Nifty profits. Should reduce quantity traded in Reliance to reduce its impact. Also, slippages are bad. Even then, if I had taken small profits, there was good money in today's Reliance trades
3. Tata Steel - deciding SL is always a challenge. So why don't I trade only Nifty, and maybe options, and dump other scrips? Something TBD.

Today's plan:

Focus on one scrip at a time- so one trade at a time. Order of preference - Nifty, Reliance, Tatasteel - whichever I think is ready for action.

So far 2 trades

1. Short nf 8795, out 8800 - shorted BPB below 9:18 bar
2. Short rl 907.8, out at 909.15 - BOF at resistance, did not get a fill initially

--- Missed the BPB SAR in Reliance ---
--- In trade 2, I did notice the PDC below, but I was preparing for this short from a couple of bars below PDC itself ---

--- Reliance what should I do? Should I go long or wait? ---

3. long nf 8806, out 8802
4. long nf 8808, out 8858

--- Tatasteel going the other way?! ---

5. short nf 8846, out 8848
6. short rl 916.7, out 915.4

--- Data feed problem ---

--- Reliance triggers placed on both sides. Triangle forming? Ignoring Nifty for the moment ---

7. rl long 921.2, out 920.35

--- High slippages in the last 2 trades in reliance ---

8. rl short 918.75, out 920.1

--- Time for a break now ----

--- Missed the reliance zoom, now trying nf ---

9. long nf 8862, out at 8855

- Done for the day.... another chillar earning day. Reliance took away what I earned in Nifty :annoyed: ---

 

[PUCHU_2500]

This is hindsight analysis.
posted this chart only for learning purpose........