NF SAR 2DHL; SL to BE >2%

[linkon7]

Link for a Guppy's count back method plugin http://www.aussiestockforums.com/forums/showthread.php?t=2452

but you need to join the forum, if you want to avoid all that

direct download link from here Download the Plugin for Guppy CountBack Trailing Stop Loss Trading System

Its a fake... Great Pig made his own version of the CBL method. it works well, but it's not guppy's CBL...

 

[trader.trends]

Plan of action for Monday

If the market gaps up do nothing. Enjoy the locked in profits. Take the dog for a walk. Since I do not have a dog, take Linkon's dog for a walk.
Long only over 5207.
If it gaps down watch the MTM on NF grow. If NF touches 4900 or thereabouts, go long on 4900CE and square off the 5000CE. Focus until the reversal to longs is on Profit Protection.

 

[linkon7]

Plan of action for Monday

Since I do not have a dog, take Linkon's dog for a walk.

Even i dont have a Dog. Not even a cat or a mouse... I think i'll buy my daughter a hamster and incase nifty gaps up, we can watch it walk / run on the treadmill wheel...

 

[trader.trends]

No action on NF today. However squared off the 5000ce at 53/-. The logic being the SAR for the short trades is now at 5074 on 27 Jan. That will give me 158 points for the short of 5232. I don't need protection for the profit and I recouped the investment in 5000ce with a minor loss of 7 points.

SAR for the NF shorts of 5232 now at 5074 for Wednesday.

Here are the 8 stocks that I am tracking (not trading) under this setup. The result of the current phase.

Scrip		Trade	Date		Entry	Today's close
Reliance	Short	21 Jan 2010	859	830
Infosys		Short	19 Jan 2010	2654	2542
ONGC		Short	19 Jan 2010	1201	1121
Bharti		Long	18 Jan 2010	322.6	331
SBI		Short	21 Jan 2010	2152	2091
HDFC		Short	19 Jan 2010	2505	2381
HDFCBANK	Short	21 Jan 2010	1743	1656
ICICI		Short	21 Jan 2010	859	830

Prices mentioned are in spot.
For the record BNF short of 9080 on 19 Jan today's close 8691 (I am not trading this either)

 

[trader.trends]

Bought 4900ce @ 38/-. Profits locked in 287 points after taking cost of 5000ce (loss 7/-) and the cost of 4900ce 38/- Short from 5232.

 

[trader.trends]

No trade on NF today. Just initiated the profit protection measure by buying the 4900ce.
SAR for 28 Jan @ 5039. Holding shorts of 5232.

 

[nimish_rulz]

What is SAR? Many thanks

 

[trader.trends]

What is SAR? Many thanks

Stop And Reverse

Close the current position and open the opposite position.

 

[Trader4242]

No trade on NF today. Just initiated the profit protection measure by buying the 4900ce.
SAR for 28 Jan @ 5039. Holding shorts of 5232.

Hi TT

Nice trade

What do you do about rollover ?

Thanks

 

[trader.trends]

Closed the position at 4865 and the 4900ce at 5/-. Will post the summary for the month later.