NIFTY Futures Mechanical Trading

robin027in · #**111** 30th December 2007, 08:43 PM

Hello Mr Vinod

I Have Studied The Excel Sheet For The Past Two Months As Attached. I Think The Profits Given Were Among The Best During This Volatile Session.

As The Paper Trading For Two Months ,as Suggested By U In Ur First Msg Is Over I Would Like To Trade Nifty As Per Ur System. In This Regard I Have A Few Questions. I Hope It Will Not B Much Trouble For U.

1) I Had Applied The Pivot Trading System( [u]as The Values For Ur System Were Not Available For That Period) From Jan 2007. It Gave Me Good Returns For First 4 Months ,till April. Thereafter The Losses Were Considerable May= -250 Pts,june= -282pts, July= +60pts, Aug= -437pts.
I M Aware That Ur System Is Different To Pivot Point Trading, But Could U Roughly Tell Me Ur Results From May To Aug 2007. The Reason Why I M Asking This Is Because I Intend Being Prepared For The Losses At A Stretch So That I Can Allocate My Capital According To The Worst Case Scenario(keeping The Number Of Lots Same) And Do Not End Up Overtrading In The First Rough Patch.
As Per The Beginning Of The Thread The Maxm Loss At A Stretch Were About -200 Pts. But Shall I B Repared For More Than That(at A Stretch I Mean)?
2) Secondly, How Do One Put An Order For Stoploss. As U Mentioned That We Need To Watch For 2 Mins Before Exiting. Does That Mean That I Should Be Watching The Screen At That Period Or Place The Order -5/10 Pts? What Do U Suggest?

Frankly Speaking Ur Method Has Shown Lots Of Promise And Hope But U Would Appreciate ‘once Bitten Twice Shy’ Approach Really Makes One A Bit Apprehensive In This Mkt.

Regards
Robin

nadodav · #**112** 31st December 2007, 10:20 AM

Hi Robin,

I will post last one year result alongwith actual trade within 2-3 days. Infact, i was just waiting for 31st dec so that i can post result of one year. If you need, i can also provide support and resistance levels since nifty futures trading introduced in nse for your study purpose so that you can have better idea. for stoploss order, you can place 5 to 7 points below/above support and resistance for confirmation of reversal.

Thanks & Regards

Vinod

Quote:

Originally Posted by robin027in

Hello Mr Vinod

I Have Studied The Excel Sheet For The Past Two Months As Attached. I Think The Profits Given Were Among The Best During This Volatile Session.

As The Paper Trading For Two Months ,as Suggested By U In Ur First Msg Is Over I Would Like To Trade Nifty As Per Ur System. In This Regard I Have A Few Questions. I Hope It Will Not B Much Trouble For U.

1) I Had Applied The Pivot Trading System( [u]as The Values For Ur System Were Not Available For That Period) From Jan 2007. It Gave Me Good Returns For First 4 Months ,till April. Thereafter The Losses Were Considerable May= -250 Pts,june= -282pts, July= +60pts, Aug= -437pts.
I M Aware That Ur System Is Different To Pivot Point Trading, But Could U Roughly Tell Me Ur Results From May To Aug 2007. The Reason Why I M Asking This Is Because I Intend Being Prepared For The Losses At A Stretch So That I Can Allocate My Capital According To The Worst Case Scenario(keeping The Number Of Lots Same) And Do Not End Up Overtrading In The First Rough Patch.
As Per The Beginning Of The Thread The Maxm Loss At A Stretch Were About -200 Pts. But Shall I B Repared For More Than That(at A Stretch I Mean)?
2) Secondly, How Do One Put An Order For Stoploss. As U Mentioned That We Need To Watch For 2 Mins Before Exiting. Does That Mean That I Should Be Watching The Screen At That Period Or Place The Order -5/10 Pts? What Do U Suggest?

Frankly Speaking Ur Method Has Shown Lots Of Promise And Hope But U Would Appreciate ‘once Bitten Twice Shy’ Approach Really Makes One A Bit Apprehensive In This Mkt.

Regards
Robin

robin027in · #**113** 31st December 2007, 11:40 AM

Good Morning Mr Vinod
Yes It Would B Great On Ur Part To Post The Actual Results For The Year. And For The Study Part I Would Love To Have The Past Resistance And Support Levels.
It Would B A Bit Of Botheration For U But Will Definitely Go A Long Way In Boosting The Confidence Of The Traders Like Me. Thanking U In Advance. I Will Wait Eagerly For Ur Results.

Regards
Robin

nadodav · #**114** 31st December 2007, 07:11 PM

NIFTY FUTURE For January 1,

Current position : LONG (at 5910 on 24/12/2007)

Nifty Fut Closed at : 6162.95

Profit/(Loss) in current trade : +252.95 (as per last closing price)
Net Profit / (Loss) since thread started : +587.95(335.00+252.95)

Support : 6115
Resistance : 6180

Hold LONG positions with SL 6115. If trades below 6115, exit LONG & go SHORT with SL 6180.

Wishing you all a very happy new Year.

Vinod

robin027in · #**115** 31st December 2007, 07:45 PM

Hi Milkyblack
I Would Suggest U Go Through All The Mails In The Thread. Will Save U A Lot Of Sweat.

Regards Robin

nadodav · #**116** 1st January 2008, 07:11 PM

NIFTY FUTURE For January 2,

Current position : LONG (at 5910 on 24/12/2007)

Nifty Fut Closed at : 6156.40

Profit/(Loss) in current trade : +246.40 (as per last closing price)
Net Profit / (Loss) since thread started : +581.40(335.00+246.40)

Support : 6119
Resistance : 6175

Hold LONG positions with SL 6119. If trades below 6119, exit LONG & go SHORT with SL 6175.

Happy Trading.

Vinod

robin027in · #**117** 2nd January 2008, 11:28 AM

Hello Mr Vinod And All Members
Wishing U All A Very Happy And Prosperous New Year.
Mr Vinod One Request If U Could Please Post The Results And Supports N Resistances For 2007. I M Waiting For It To Finalise My Trading Plan.
Regards Robin

MaxBombay · #**118** 2nd January 2008, 03:45 PM

worst day for me. I started today and was not able to catch the levels. Will try again on next levels.

nadodav · #**119** 2nd January 2008, 05:46 PM

Dear Robin,

Give me one more day. tomorrow i will do it

Thanks

Vinod

Quote:

Originally Posted by robin027in

Hello Mr Vinod And All Members
Wishing U All A Very Happy And Prosperous New Year.
Mr Vinod One Request If U Could Please Post The Results And Supports N Resistances For 2007. I M Waiting For It To Finalise My Trading Plan.
Regards Robin

nadodav · #**120** 2nd January 2008, 08:27 PM

NIFTY FUTURE For January 3,

Current position : LONG (at 6175 on 02/01/2007)
(Exited LONG at 6119, gone SHORT at 6119 & again exited SHORT at 6175 and gone LONG)

Nifty Fut Closed at : 6220.10

Profit/(Loss) in current trade : +40.10 (as per last closing price)
Net Profit / (Loss) since thread started : +528.10 (488+40.10)

Support : 6156
Resistance : 6256

Hold LONG positions with SL 6156. If trades below 6156, exit LONG & go SHORT with SL 6256.

Happy Trading.

Vinod