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INDUSIND BANK LTD

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INDUSINDBK trade ideas

Day 11 of journalDay 11: Took an impulsive trade, lizard brain got me again. Need more consciousness to control it. Need more practice. Other than that, logic seems to be working good, strategy seems to be profitable, only issue is with practice so that lizard brain can be brought under control. Hate the market timings - very few hours to practice, the first hour just goes in deciding what direction to take, then it remains choppy for 2-3 hours and finally it decides to give you something. Wish the market remained open longer, maybe untill 12:00 midnight like MCX.
NSE:INDUSINDBK
by Hiren1
Day 6 of journalDay 6: Had the idea of chasing the trend, however, realised that I am not yet ready for it. The SL was very far off and hence was sceptical of taking the plunge. Upon confirmation candle, did take the stand; and it turned out to be correct, got out at expected target. Learning: 1. Waiting for confirmation definitely helps 2. Do not doubt the system even in an opposite trend ( the stops are reasonable/small as per system while targets are big)...... easier said, will require sometime I guess for me to take position against what shows if my system says contrary. Untill now looks like taking the predefined SL and Tgts have been profitable (though it will miss large trends, but that later)
NSE:INDUSINDBK
by Hiren1
First Test - video and ruleThis is more like recording what I am doing everyday (right or wrong, mostly wrong I think) so that I can come back and see where I need to change, what I need to improve. I am using the Linear Regression for direction and checking extreme ends for entry/exit. I think that LRC is good for intraday trading since you get both the things on the screen. However, also need to be careful and put your stop as well since LRC is lagging and also repaints. I am putting this up for record so that I can revisit and learn. This is not a recommendation of any sort, just trying to make a habit of following a rule.
NSE:INDUSINDBK
by Hiren1
2
IndusInd bankPrice is moving within the range of 1420 to 1580 for few months. Now it is in between the range. 1516 - 1524 will decide the trend direction. Buy above 1525 with the stop loss of 1510 for the targets 1540, 1565 and 1580. Sell below 1480 with the stop loss of 1495 for the targets 1465, 1450, 1435 and 1420. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:INDUSINDBK
by vanathi
2