Nifty Futures Trading

gkpc · #**4241** 25th April 2008, 01:03 PM

Quote:

Originally Posted by gkpc

Todays trades :
- 5061.80 reversed at 5067.20 Loss 5.40 X 2 lots
+ 5067.20 reversed at 5070.80 Profit 3.60 X 2 lots
- 5070.80 covered at 5051.20 Profit 19.60 X 1 lot
- 5070.80 covered at 5048.20 Profit 22.60 X 1 lot

Gross 38.60 , i.e. 19.30 per lot. Less about 9.30 in brokerage etc. Net 10 points gain per lot.

Missed the first trade of Long due to fear.... would have made around 20 points in that..... well sticking to rules is so important!!!! Still a long way away from having discipline.

biyasc · #**4242** 25th April 2008, 01:07 PM

Quote:

Originally Posted by gkpc

Missed the first trade of Long due to fear.... would have made around 20 points in that..... well sticking to rules is so important!!!! Still a long way away from having discipline.

is the whole performance based on asisda's indicator?

biyasc · #**4243** 25th April 2008, 01:08 PM

Quote:

Originally Posted by biyasc

holding nf short @5053 with a stop at 5055.05.

took 2 point risk & got 12 points, but still my greed didn't booked profit. BTW, still holding the short, decided to exit only on stop hit.

gkpc · #**4244** 25th April 2008, 01:14 PM

Quote:

Originally Posted by biyasc

is the whole performance based on asisda's indicator?

Yes, but made my own rules to trade it. Needs a lot of refinement which is difficult proposition for me. Able to be on line for long time due to Leave taken from office otherwise not possible to track the market in RT. Was looking for some strategy to , a simple one which can give 20 points net per Nifty lot something my wife ( absolutely raw in Shares) can follow. She is already able to read charts. Its to augment the monthly income by a few thousand. Plan to trade just 3 lots, exit two at predefined levels and carry the third till reversal and not take a fresh position after 3.
Kolkata meet indicator seems to be doing good, may work evenbetter in the hands of people who understand TA better.

biyasc · #**4245** 25th April 2008, 01:15 PM

Quote:

Originally Posted by biyasc

holding nf short @5053 with a stop at 5055.05.

booked profit in 1 lot @5038.xx, gain 15 points. holding an another lot with the same stop @5055.05. will exit on stop hit or @3.10 pm.

gkpc · #**4246** 25th April 2008, 01:17 PM

I shall not be trading any more today but the next trade would be long above 5054.20
I would be short in one lot now had i not exited and wud reverse to long above 5054.20
Entry SL is always of 20 points from trigger level.

debdeeps · #**4247** 25th April 2008, 01:17 PM

Quote:

Originally Posted by uasish

The one you are trading or intend to trade.

But Ashishda, both go hand in hand, if nf raises mini nf also raises for a specific period then how come the TBQ and TSQ figures for nf and mini nf for this period can be opposite?

gkpc · #**4248** 25th April 2008, 01:30 PM

Quote:

Originally Posted by debdeeps

But Ashishda, both go hand in hand, if nf raises mini nf also raises for a specific period then how come the TBQ and TSQ figures for nf and mini nf for this period can be opposite?

I am not very sure but many people do not disclose the entire quantity they wish to trade...... If one wishes to sell say 5000 Nifty at 5052 he will disclose only 500 qty. at 5052, the quantity shown at TSQ would include this 500 Nifty only and not 5000.
People do it all the time to disclose just 10% on their intended qty.

As big shots deal in NF only not its Mini version, may be its prudent to follow TBQ and TSQ levels for NF only and not MINI.
However being a non technical person, had tried to follow TBQ and TSQ for quiet some tim but cud not do it with much success. Seems I was missing some important ingredient for its successful trades.

gkpc · #**4249** 25th April 2008, 01:37 PM

Quote:

Originally Posted by gkpc

I shall not be trading any more today but the next trade would be long above 5054.20
I would be short in one lot now had i not exited and wud reverse to long above 5054.20
Entry SL is always of 20 points from trigger level.

The Long triggerred. '
The reversal SL now is 5038.80

debdeeps · #**4250** 25th April 2008, 01:46 PM

Quote:

Originally Posted by gkpc

I am not very sure but many people do not disclose the entire quantity they wish to trade...... If one wishes to sell say 5000 Nifty at 5052 he will disclose only 500 qty. at 5052, the quantity shown at TSQ would include this 500 Nifty only and not 5000.
People do it all the time to disclose just 10% on their intended qty.

As big shots deal in NF only not its Mini version, may be its prudent to follow TBQ and TSQ levels for NF only and not MINI.
However being a non technical person, had tried to follow TBQ and TSQ for quiet some tim but cud not do it with much success. Seems I was missing some important ingredient for its successful trades.

Gotcha!! Make sense. Thanks Gautom.