Augubhai's diary and notes

[augubhai]

NF intraday trades:

1. long 5428, exit 5426 = -2
2. long 5433, exit 5423 = -10
3. long 5437,

Brokerage of 2 points per trade not deducted.

 

[augubhai]

may have been a flag, but my 10 pt SL exited me. think of increasing the SL

actually, tightening the SL may be a better alternative. still thinking whether to increase or decrease the SL.

For now, just retaining the 10 point SL.

 

[augubhai]

NF intraday trades:

1. long 5428, exit 5426 = -2
2. long 5433, exit 5423 = -10
3. long 5437, exit 5427 = -10

Brokerage of 2 points per trade not deducted.

 

[escape]

actually, tightening the SL may be a better alternative. still thinking whether to increase or decrease the SL.

For now, just retaining the 10 point SL.

Else you can put stop loss 1 or 2 points below strong support level.

 

[augubhai]

Market triple topped.

 

[Ajit57]

Market triple topped.

What does that indicate ???

 

[augubhai]

Market triple topped.

BO possibel on either side, but at the moment I am looking for longs

 

[augubhai]

What does that indicate ???

Ajit,

See the pic. Market came up to 5435-36 3 times and reversed. actually 4 times. Indicates strong resistance. If it holds, market can go down well from here. If it breaks, there can be a strong upside move.

 

[Ajit57]

Ajit,

See the pic. Market came up to 5435-36 3 times and reversed. actually 4 times. Indicates strong resistance. If it holds, market can go down well from here. If it breaks, there can be a strong upside move.

Thanks for the explaination ... Well, I think the market may go downside ...

Let's wait n watch ...

 

[Ajit57]

Also, you mean, one should be ready for longs if it breaks 5436 ??? And for shorts if it breaks 5421 ???