Update

With late surge, my loss has gone down now.

 

Also, out of four indicators, three are green now. But unless the fourth ne also turns green, the position still runs the risk.. (unless MMS comes up with some big-bang announcements).

 

 

                                                                                         

 

Recovery on horizon

Position Update:

 

Since Market bounced back, there is some reduction in loss. However,  I had already booked loss in 100 puts (about Rs 20,000) . Let’s see if I am able to recover it by the end of the month.

 

 

Bookd part loss to avoid margin call

I had to book part loss to avoid margin call. The position now stands at 250 with loss of about Rs 20000 booked. This has not gone as per my plan. My hourly signal will turn green tomorrow. Hoping to get the position back on track over next couple of days. Hoping that the loss gets contained at the above amount and is recovered by end of the month (September).

 

 

 

 

 

 

Tough time for position

With markets crashing, position took hit again. One indicator is still up but all others continue to remain in red. Not sure how this is going to pan out.

 

I will have to decide till what time do I take losses L

 

 

Update - 26 Aug 2013

Status Quo: Markets remained flat & position also remained where it was. Fingers crossed…

 

 

 

 

Update - 23rd August

Market moves in my direction. Position has now come to breakeven. Not sure how next week pans out though as it is an expiry week. Also, only one of my indicators have turned. Let’s wait and watch.

 

 

Some turnaround on horizon

The situation turned for better today with nifty bouncing back about 100 points. The position is still in loss but it has come down.

 

The Coppock signal has turned red again, but that seems due to oscilation in index values.

 

Lets see how situation pans out.

 

 

                                                                                         

 

Sinking deeper

Every time I go against my signal….. It is a same story L

 

While one of the indicators is still green, position has sunk deep in red now.

 

I am holding on. Let’s see..

 

 

 

Update 20 Aug 2013

One signal continues to be in buy while others are sell.

 

I have taken big position. Not sure if this is going to work my way or hit me back. Fingers crossed.

 

 

Update - Monday 19th August - went against system signal - wrong move

I went against my system and took position.

 

I initiated the position on Friday and added some today. Today one of the indicators have turned green. Let’s see if situation gets salvaged somewhat over next few days.

 

Here is the update..

 

 

Update

No change is signal. It looks like 16^th will see one of the signal turning green.

 

I am not sure how will market react to RBI’s after-market announcement of curbing dollar outflows from India.

 

Let’s see J

 

 

Update - 12 Aug 2013

No change in any of the signals. While Nifty closed above its pivot, not sure whether it will sustain.

 

Let’s see it tomorrow.

 

 

 

 

 

NIFTY Trade Status - 08 Aug 2013

Here is the current trade status on nifty trade.

I had initiated this trade when market was nearly at peak. Calls sold at Rs 91 are now trading at their lowest value. My system is indicating a possible reversal after 4-5 days. I am going to sit tight and wait for one of the our indicators to turn green.

Here is the Indicator status:

My current trade status is given below:

I am starting blogging again with a view to keep to my plan. This is an attempt to impose self-discipline to my trading. I also trade USD:INR pair using same strategy. I will start positing updates about that trade once this posting becomes regular.

Abhijit

Test Post

Intending to start blog again