Posted by: Babu Suresh | March 13, 2012

13th Mar Nifty Day Trading

Hope my fellow day traders had good trading session too.

For the first 15 minutes I was just watching, was in a dilemma whether to take a position or not because I had to go out on an important work. At 9.30 the picture started becoming somewhat clearer, JSWSTEEL gave long and JUBLFOOD gave short chances respectively. I chose JUBLFOOD to close my first trade with a comfortable tenner and then left. Managed to score another tenner from Jublfood in the final moments.

Before leaving I took a screen shot of JSWSTEEL and State Bank Of India for my reference and decided to stay out of both for the time being. Have attached both the charts along with the final charts for your reference. I had already mentioned that it is always advisable to take the status of larger time frames into consideration before start executing orders using smaller time frames.

I welcome feedback from anyone using and or testing HMA-Bollinger Bands Day Trading System which can be beneficial to both of us.

JSWSTEEL –  13–03–2012 (Screen shot taken in the morning)

JSW Steel_130312

JSWSTEEL –  13–03–2012 (Final)

JSW Steel1_130312

STATE BANK OF INDIA –  13–03–2012 (Screen shot taken in the morning)

SBIN_130312

STATE BANK OF INDIA –  13–03–2012 (Final)

SBIN1_130312

JUBLFOOD –  13–03–2012

JUBLFOOD_130312

Healthy And Wealthy Trading

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