Update on 30M 2ST Perfomance so far :
Nifty / 1 Trade / 99 Points / No open position**
Bank Nifty / 3 Trades, 1 trade SL / 375 points / 1 Long position open)
** Reason for Long trade not taken :
As per the system we are to trade SAR, and so we had to wait for the 30M bar to close below the signal. However, I had a few trades going on, and was not in a position to monitor the trade, and hence closed the long position. Also did not think it was prudent to go short, as I considered the price below the signal to be of consolidation that did not warrant a short position, considering the trend was up.
From experience I have observed that it is not prudent to short on the first 2-3 contra signals after a trending up/down move, and they are better ignore.
Having said the above, my intention was to post trade live as they happened. But as was pointed out by Raj, it will affect my trades as well. So I need to compromise here, and will track trade live and make notes for entry / exit with reasons thereof, but will post when I can, and it may be even EOD and not live.
One learning from this is that though the system will signal SAR, I am reluctant to take the same, as I have seen that they are bound to fail. It is preferable to be out of long position and book profit, but that is not the same as a call for being short.
Just my views.....
Nifty SL Triggered @ 6,244 (current price 6,249 - 5 points considered slippage)
Edit : Bar not closed below, and moved up, but exit taken.