Vzlue Zone's Trading Journal

[ValueZone]

Hi,

My aim is to journal my trades and validate the strategy I am using. Basically it is based on levels where I expect the demand supply equilibrium may change in favor of one side, ie demand exceeds supply or vice versa. Every new week I post levels for the week and expected bias. It is a dynamic process and take trades and adjust bias as the market evolves. My aim is to post trades before it gets initiated.

 

[ValueZone]

Ok, Here is my first chart and levels for the next week.

TATASTEEL Futures. 2 min chart. Levels are marked in chart. Expected bias is upward for the week. But bias may change if it opens above 488 and comes down below 487 immediately.

1. If opens above 488, then buy at 488 with SL below 481. Target - 505

2. If opens between 488 and 480 and breaks above (2 min chart close price) 488 in a few minutes, then buy at 488 on a pull back with SL below 481. Target - 505

3. If opens below 488 and comes down to 462, buy at 462 with SL below 456, target 475-77.

4. If opens above 488 and comes down below 487 immediately, then sell at 487 on a pull back with SL above 494, Target - 472

These are some plans to trade these levels. Will update real time as I see trade opportunities.

 

[new-to-markets]

Ok, Here is my first chart and levels for the next week.

TATASTEEL Futures. 2 min chart. Levels are marked in chart. Expected bias is upward for the week. But bias may change if it opens above 488 and comes down below 487 immediately.

1. If opens above 488, then buy at 488 with SL below 481. Target - 505

2. If opens between 488 and 480 and breaks above (2 min chart close price) 488 in a few minutes, then buy at 488 on a pull back with SL below 481. Target - 505

3. If opens below 488 and comes down to 462, buy at 462 with SL below 456, target 475-77.

4. If opens above 488 and comes down below 487 immediately, then sell at 487 on a pull back with SL above 494, Target - 472

These are some plans to trade these levels. Will update real time as I see trade opportunities.

Its good that u envisage many scenarios as above and have given plan for each of those scenario. makes everyone life a bit easier..:thumb:

Is there any scientific basis for these? any back-testing done? Or these are given based on ur visual observations/experiences?

 

[ValueZone]

Its good that u envisage many scenarios as above and have given plan for each of those scenario. makes everyone life a bit easier..:thumb:

Is there any scientific basis for these? any back-testing done? Or these are given based on ur visual observations/experiences?

Definitely not based on visual observations

 

[vssoma]

Ok, Here is my first chart and levels for the next week.

TATASTEEL Futures. 2 min chart. Levels are marked in chart. Expected bias is upward for the week. But bias may change if it opens above 488 and comes down below 487 immediately.

1. If opens above 488, then buy at 488 with SL below 481. Target - 505

2. If opens between 488 and 480 and breaks above (2 min chart close price) 488 in a few minutes, then buy at 488 on a pull back with SL below 481. Target - 505

3. If opens below 488 and comes down to 462, buy at 462 with SL below 456, target 475-77.

4. If opens above 488 and comes down below 487 immediately, then sell at 487 on a pull back with SL above 494, Target - 472

These are some plans to trade these levels. Will update real time as I see trade opportunities.

dear,
good luck value zone...
let we see the real time performance on monday....then we'll discuss on another scenario which will unfolded by market...

 

[ValueZone]

Ok, Here is my first chart and levels for the next week.

TATASTEEL Futures. 2 min chart. Levels are marked in chart. Expected bias is upward for the week. But bias may change if it opens above 488 and comes down below 487 immediately.

1. If opens above 488, then buy at 488 with SL below 481. Target - 505

2. If opens between 488 and 480 and breaks above (2 min chart close price) 488 in a few minutes, then buy at 488 on a pull back with SL below 481. Target - 505

3. If opens below 488 and comes down to 462, buy at 462 with SL below 456, target 475-77.

4. If opens above 488 and comes down below 487 immediately, then sell at 487 on a pull back with SL above 494, Target - 472

These are some plans to trade these levels. Will update real time as I see trade opportunities.

No trades happened as listed above. I was unable to update RT but there were two trades. One at the top level 477 when price came to that level from below around 10.24 am on Monday, short trade. Second one was long today at 477. As for the trade idea in previous post, SL is 4/5 points.

http://imageshack.us/photo/my-images/651/tatasteel12min06092011.jpg/

 

[ValueZone]

No trades happened as listed above. I was unable to update RT but there were two trades. One at the top level 487 when price came to that level from below around 10.24 am on Monday, short trade. Second one was long today at 477. As for the trade idea in previous post, SL is 4/5 points.

 

[ValueZone]

These are the levels for this week, I will try to update realtime as price reaches these levels.

 

[ValueZone]

It may get some byuing support at 458.5, but the bias is downward, so wait for pull back to higher levels to sell.

 

[ValueZone]

Here is a look at how the levels worked in the first two days