simply stock future charts

[sangram1705]

ASHOK LEYLAND.

1) A LITTLE DILEMA. TO TRADE THIS BO. SL WILL BE BIG WHICH I CANNOT AFFORD (ATLEAST IN FUTURES).
2) IF I WAIT FOR RETRACEMENT. I MIGHT MISS SOME MORE STEAM LEFT.
3) WILL CHECK OUT IF IT RETRACES TOMORROW ITSELF OR TAKES 2-3 DAYS.
4) ANOTHER OPTION WOULD BE COUNTER TREND TRADE. BUT IT WILL BE PURELY INTRADAY ONLY.

 

[sangram1705]

YES BANK

 

[sangram1705]

TITAN

 

[sangram1705]

ARVIND- TREND LINE RESISTANCE

 

[dell]

nice charts and efforts ,thanx for posting .
r u scanning manually for trendlines or u having any plugin for that ?

 

[sangram1705]

hi dell,
No scanning. I am checking at random only F&O scripts.

Trendlines are manually drawn by me. There are various indicators available for drawing trendlines in mt4. but the biggest problem i see in them is the trendlines mostly miss the bigger picture. (very short time frame -7 to 8 candles only)

moreover i fell the trendlines if drawn manually will improve my skill + i will be focused in few scripts only & save myself from overtrading.

 

[sangram1705]

hi dell,
No scanning. I am checking at random only F&O scripts.

Trendlines are manually drawn by me. There are various indicators available for drawing trendlines in mt4. but the biggest problem i see in them is the trendlines mostly miss the bigger picture. (very short time frame -7 to 8 candles only)

moreover i fell the trendlines if drawn manually will improve my skill + i will be focused in few scripts only & save myself from overtrading.

& yes sometimes I get it wrong too. The very purpose of the thread is to learn from my own mistakes & systematically record my trade decisions, success & failed trades also.

will be updating todays trade shortly
bye

 

[sangram1705]

TODAY'S TRADE:

1) ADANI ENT BUY 500@ 493.7 SELL 500@ 496.05 MTM 1175 (NOT A PLANNED TRADE.)
2) TITAN BUY 1000 @ 384.6 SELL 500 @ 382 MTM (-)2600 (TRIED BOTTOM FISHING & BURNT MY HANDS)
__________________________________________________________
NET -1505 (LOSS)

bajaj auto 2450CE & 2450PE OPENED AT @ 72.2 & 48.35 IS NOW TRADING AT 58.15 & 57.55 (STILL OPEN)

 

[sangram1705]

today's trade:

1) adani ent buy 500@ 493.7 sell 500@ 496.05 mtm 1175 (not a planned trade.)
2) titan buy 1000 @ 384.6 sell 500 @ 382 mtm (-)2600 (tried bottom fishing & burnt my hands)
__________________________________________________________
net -1505 (loss)

bajaj auto 2450ce & 2450pe opened at @ 72.2 & 48.35 is now trading at 58.15 & 57.55 (still open)

no more trades due to strong fall in index , moreover i was travelling. Both trades done from mobile & no access to charts.

 

[sangram1705]

TODAY'S TRADES

LESSONS LEARNT:
1) EACH DAY MY BEST TRADE AMOUNT MUST BE MORE THAN WORST TRADE AMOUNT TO REMAIN GREEN AT THE END OF THE MONTH.
2) MARKET WILL GIVE ME OPPORTUNITY TO ENTER AT A BETTER PRICE. I MUST STICK TO MY TRADE PLAN. IF MY TARGETTED SCRIPT IS RUNNING TOO FAST, I WILL NOT HURRY TO CATCH IT & WAIT FOR RIGHT OPPORTUNITY AS PLANNED.
3) IF PRICE DOESNOT COME TO MY PLANNED ZONE. I WILL NOT ENTER.