Wednesday, September 24, 2014

Monday we bought forward one long with SAR at 16032. It opened gap down below our SAR. So the rule says that we have to wait for the first 15 minute bar to complete and SAR to be placed at the low of the bar. We have done accordingly but SAR was not hit as later in the day it formed a pivot and move above the previous high prompting us to shift our sar to 16040.
At EOD we have carried forward on long with SAR at 16040.

On Tuesday we bought forward one long with SAR at 16040. market opened flat but started to slowly drift down wards and finally moved below our SAR prompting to shift our position to short with SAR at days high. In the long transaction which was closed on tuesday we made a profit of 68 points. later in the day the market moved down and closed at the low of the day. 
Today we bought forward one short and to day also market started to drift down wards but in the mean time formed a pivot high which prompted to shift our SAR lower. BNF started to drift lower through out the day and closed at the virtually low of the day. At EOD we carried forward one short with SAR at 15900( including buffer of 23 points)

M.Mahiidar
Enjoying Life
Trend is friend.

No comments:

Post a Comment