30/04/10

My Equity Profit/Loss Graph

Market Opened +20. IBREALEST First Bar High 162 and Low 158.35. I made a mistake of not entering long above 162. May be because I was more cautious. So I made up my mind to enter after seeing a pivot low either short or long. HPL farmed at 162.20 and high was 163.70 I placed my both orders buy above 163.70 and sell below 162.05 my long was triggered 12:25. there was steady selling since then (163.50 to 162.8) At one stage the price went all the way to 162.20 I was prepared myself to short if my stop order is triggered, based on the closing of that bar. But the price moved up. I was keep telling to myself if the price moves to 164.00 all these sellers will run for covers, and was hoping for that to happen. and that did happened at 14:05 I was so happy that I remained calm and maintained my discipline. It paid off. I booked 50% at 165.70 and the remaining at 168.30. I should have waited for the closing minutes to book the balance, but I booked well before that. the price moved to 171+ after I exit. Anyway booking profit never hurts. Good Trade. Made a profit of Rs.6590/-

29/04/10

My Equity Profit/Loss Graph

Market opened flat and trading +25 points. IBREALEST First bar high 157.9 low 155.45. Trading at middle of its range at 156.60 (+0.96%) I was bit nervous, and kept telling myself to follow the rules. Long triggered for IBREALEST at 158.00 2000 Shares. Placed my initial stop at 155.30 IBREALEST trading at 157.20 no pivot formed in 15/20 TF. Price went to 156.75, I remained calm. at 9.55 my first target hits at 160.20. changed the stop order quantity to 1000. at 11.45 trailed my stop to 159.05. trial stop hits at 12.15 @ 159.00. Good Trade made a profit of Rs.3200/-. from 12.15 till end, I paper traded.

28/04/10

My Equity Profit / Loss Graph

Market opened Gap down and trading -55 points. To start with I am concentrating on IBREALEST for my intraday. IBREALEST's first 5 minutes bar high 162.4 and low 155.15 so I hesitated to enter IBREAL if I enter, my stoploss would be very high so I was just watching. RCOM and RELCAPITAL broke the first bars high and banged on target but I was too late to catch the move. RCOM after making a high of 170.2 was trading around 169+ and made a HPL at 168.6 in 15 TF, so I was waiting for a chance to Short below 168.55 Short triggered at 13:05 placed my stop order at 169.8, 1000 Shares. placed first exit 500 shares at 167.2 (S1) first target hits at 13:25. The balance 500 I was trailing and exited at the end at 165.85. Good Trade. made a profit of Rs. 2004/-