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Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by milkyblack Very boring day of trade till now unable to take position ...


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Derivatives Discuss Futures & Options in securities whose value is derived from an underlying instrument.


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  #4111  
Old 24th April 2008, 12:03 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by milkyblack View Post
Very boring day of trade till now unable to take position

Regards
In 5 min. chart it was a sell below 5047, sold at 5044.80, with a filter.
Tgt is 5025.20 (at 5025 i exit part qty. and change my SL to cost+filter Rs.2/-), did high of 5045 and low of 5026 after entry. Still holding the short. Entry stop loss was 20 points.
Would have exited near 5026 , was not watching the screen and sell was fed at 5025.20
Trade was taken as per Kolkata meet indicator. Trading rules decided by checking last six months charts in 5 min. time frame.
Seems very good if not excellent!!!!!!!!!!!!!!!!
The SL is now 5037+ filter= 5039.20, i go long at 5039.20 with 20 point entry SL
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  #4112  
Old 24th April 2008, 12:04 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by biyasc View Post
put a stop buy nf (may) @5045.xx. if executed then my stop is 5039.xx.
nf (may) long executed @5045.xx.
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  #4113  
Old 24th April 2008, 12:18 PM
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milkyblack is just really nicemilkyblack is just really nicemilkyblack is just really nicemilkyblack is just really nicemilkyblack is just really nice
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by gkpc View Post
In 5 min. chart it was a sell below 5047, sold at 5044.80, with a filter.
Tgt is 5025.20 (at 5025 i exit part qty. and change my SL to cost+filter Rs.2/-), did high of 5045 and low of 5026 after entry. Still holding the short. Entry stop loss was 20 points.
Would have exited near 5026 , was not watching the screen and sell was fed at 5025.20
Trade was taken as per Kolkata meet indicator. Trading rules decided by checking last six months charts in 5 min. time frame.
Seems very good if not excellent!!!!!!!!!!!!!!!!
The SL is now 5037+ filter= 5039.20, i go long at 5039.20 with 20 point entry SL
Okay! I have definately missed the Kolkata meet... and i dont even have 5 min data for past 6 month.... what i have is the intraday live data from the brokers ODIN...
Though i have initiated a delivery short for May series at 5055 levels... with a SL of 5100...
But nothing i could manage to get for Intraday

Just closed my long April... in the morning before taking May Short...
Missing Intraday today

Regards
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  #4114  
Old 24th April 2008, 12:22 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by biyasc View Post
nf (may) long executed @5045.xx.
modified stop loss @5044.xx.
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  #4115  
Old 24th April 2008, 12:35 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by gkpc View Post
In 5 min. chart it was a sell below 5047, sold at 5044.80, with a filter.
Tgt is 5025.20 (at 5025 i exit part qty. and change my SL to cost+filter Rs.2/-), did high of 5045 and low of 5026 after entry. Still holding the short. Entry stop loss was 20 points.
Would have exited near 5026 , was not watching the screen and sell was fed at 5025.20
Trade was taken as per Kolkata meet indicator. Trading rules decided by checking last six months charts in 5 min. time frame.
Seems very good if not excellent!!!!!!!!!!!!!!!!
The SL is now 5037+ filter= 5039.20, i go long at 5039.20 with 20 point entry SL
Entered long at 5039.40 and shall exit partly at 5058.80 .Entry SL was 5018.8 and now it is 5039.80
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  #4116  
Old 24th April 2008, 12:49 PM
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milkyblack is just really nicemilkyblack is just really nicemilkyblack is just really nicemilkyblack is just really nicemilkyblack is just really nice
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by gkpc View Post
Entered long at 5039.40 and shall exit partly at 5058.80 .Entry SL was 5018.8 and now it is 5039.80
Could u plz telme wht is ths Filter of Rs 2/- tht u keep?
Thanks

Regards
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  #4117  
Old 24th April 2008, 12:59 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by milkyblack View Post
Could u plz telme wht is ths Filter of Rs 2/- tht u keep?
Thanks

Regards
While going through the past 6 months data I found that if i keep a filter between a rupee or two a large number of false trade reversals are saved. So I take a filter of Rs.2 and round off to Rs.xxxx.20 while buying and Rs.xxxx.80 while selling.
Now its a reversal at Rs.5039.80
The level was 5042 minus 2 = 5040, reduced to 5039.80
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  #4118  
Old 24th April 2008, 01:01 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by milkyblack View Post
Okay! I have definately missed the Kolkata meet... and i dont even have 5 min data for past 6 month.... what i have is the intraday live data from the brokers ODIN...
Though i have initiated a delivery short for May series at 5055 levels... with a SL of 5100...
But nothing i could manage to get for Intraday

Just closed my long April... in the morning before taking May Short...
Missing Intraday today

Regards
The indicator has been posted on the forum by uashish
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  #4119  
Old 24th April 2008, 01:03 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by gkpc View Post
While going through the past 6 months data I found that if i keep a filter between a rupee or two a large number of false trade reversals are saved. So I take a filter of Rs.2 and round off to Rs.xxxx.20 while buying and Rs.xxxx.80 while selling.
Now its a reversal at Rs.5039.80
The level was 5042 minus 2 = 5040, reduced to 5039.80
The level is 5041.20 and not 5042 so we reverse at 5038.80
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  #4120  
Old 24th April 2008, 01:06 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by gkpc View Post
The level is 5041.20 and not 5042 so we reverse at 5038.80
hi goutam, do you came in kolkata meet?
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