Here are the trades sent out today :
1) Sell BN 10630-10640, Sl 10679, tgt 10580/ 10530
2012-04-18 11:23:00
Exit BN shorts 10645- 10655.Market not showing any movement.
2012-04-18 11:56:00
2) Sell NF below 5339, sl 5355, tgt 5320/ 5305
2012-04-18 12:37:00
Exit NF short trade now at 5250/52
2012-04-18 13:27:00
One of the principles we follow is to cut the trade fast if it is not going immediately to plan. In hindsight we could have got both trades on tgt.
OrderFlow Charts of the past 4 days :
We have been locked in a 140 point range in the past 4 days. During these the OF produced 5 signals, one of which whipsawed immediately after the RBI announcement.
The trades taken were :
1)Sell NIFTY @ 5293 on friday
Covered same day part according to this message -NIFTY : at ps3 @ 5235 at 13:59:09
Gain- 58 points on first lot
2) Buy NIFTY @ 5245 at 13:02:28 on Monday
Covered next day according to this message – : NIFTY : at pr2 @ 5308 at 11:01:04
Gain- 63 points on first lot
3) Sell NIFTY @ 5253 on tuesday
Reversed same day at 5288
Loss- 35 points
4) Buy NIFTY @ 5288 at 14:01:55
Covered today part according to this message – : NIFTY : at pr1 @ 5361 at 09:54:54
Gain- 73 points
In all even with the whipsaw the trades would have clocked you a net gain of 159 points if you strictly went by the messages delivered to your phones or even the twitter tab,
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