Trade 0007 -2 STAR TRADE

1. Date 29-June-2012 


2.Market - NSE Nifty Futures Contract


3.Amount committed  - 2 Lots of Nifty Futures 


4.Why did you do the trade 
JNSAR(5133) and trailing stop loss between  between 3 sma and 12 sma favours long.Once The Gap(5219-5225) got filled ,Risk -Reward became favourable.


5.Entry price- 5226


6.Risk  - 10 points  (bullish engulfing pattern)


7.Initial Target - Daily timeframe Resistance


8.Exit Price  - 
Exit 1 lot @ 5280. /Exit 1 Lot @5320


9.Analyze the trade -
There is no reversal  signal yet , I got my target so booked my profit .


10. Postmortem -
This trade worked as planned.