Nifty Futures Trading

myvineet · #**1651** 17th March 2008, 11:44 AM

Quote:

Originally Posted by Saint

Have they ever been in Trade Zone?

Always safer to say "Time to take profits" when markets are going up......but when did they buy?

Then of course,they would say it everyday till bull run is over.Then,when markets fall,it's "Best to watch for now",but when did they sell?

Lol......Clowns!

Saint

ps:We need them though for the humour element for the day........what would we do without them?

ah!our saint is really angry with them ....

Saint · #**1652** 17th March 2008, 11:48 AM

Quote:

Originally Posted by myvineet

ah!our saint is really angry with them ....

lol ..... not angry ,more puzzled,bewildered and of course,very tickled!

Saint

Saint · #**1653** 17th March 2008, 11:49 AM

Raising SL to Breakeven 4559........off for some coffee with wifey.

Saint

sramu1 · #**1654** 17th March 2008, 11:56 AM

Quote:

Originally Posted by Saint

lol...follow these TA analysts of CNBC,and you'll be sitting on hands the whole time!!

Saint

I am glued to CNBC all the time.. bcos I am taking the opposite stance of what most of them tell.. and man is it working !!!!!

I guess contraraian view have never been better than NOW !!!!!

milind · #**1655** 17th March 2008, 12:20 PM

Looks like asian markets are recovering from their lows, except Japan.

(added later) ... Not anymore, Hang Seng dropped

-- Milind

nagendra_gb · #**1656** 17th March 2008, 12:20 PM

Sometimes feels like not to keep stop loss. I had stopped out on my long trade :-( . aca_trader is this good time to enter long or wait and watch situation now. Dow futures are -193 and asian markets did not recovered, whts ur opinion.

Satyen · #**1657** 17th March 2008, 12:22 PM

Quote:

Originally Posted by hari09omkar

Dear Satya,
this actually depends.
But still,as this is trend-trading,the right approach is(assuming u r trading with 10 lakhs) to go long(or short) with 5 lakhs first,then after confirming the trade to be a winner by way of booking 50% profit at the 1:1 risk-reward point in ur direction and keeping the trailing stop of the rest 2.5 lakh at breakeven.Now when getting the next swing high(low for shorts) taken out,adding the next 2.5 lakh one tick higher than this swing high,with new trail stop at the last swing low.Now u have 5 lakhs trade again with a guaranteed profit,most probably.
From here on go aggressive and add 2.5 lakh each at the each 'higher high' bar(one tick up) and trailing stop will be low of two bar below,whenever a new high bar is formed.Means count the trailing stop-bar from the bar which is forming the new highs among recent bars.If a bar appears in such a shape that it's not a new high bar,then the stop will remain same as it was just before that.
Don't forget to take the profits away when u see a 1:3 target achieved.Book 7.5 lakhs profit at 1:2 rewards.
Thanks.

Thank you very much hri09omkar

Regards
Satya

Satyen · #**1658** 17th March 2008, 12:29 PM

Quote:

Originally Posted by nagendra_gb

Sometimes feels like not to keep stop loss. I had stopped out on my long trade :-( . aca_trader is this good time to enter long or wait and watch situation now. Dow futures are -193 and asian markets did not recovered, whts ur opinion.

Yes I feel So

me too stoped out on my longs taken on friday

aca_trader · #**1659** 17th March 2008, 12:29 PM

Quote:

Originally Posted by nagendra_gb

Sometimes feels like not to keep stop loss. I had stopped out on my long trade :-( . aca_trader is this good time to enter long or wait and watch situation now. Dow futures are -193 and asian markets did not recovered, whts ur opinion.

Lets see what unfolds.

aca_trader · #**1660** 17th March 2008, 12:31 PM

Quote:

Originally Posted by nagendra_gb

Sometimes feels like not to keep stop loss.

Most of the time Stop-losses would give u these feelings but you will be thankful to them when the black swan arrives.