NIFTY Futures Mechanical Trading

Dear Devangan123 & all newcomers,

1. I have never said in any of my post that, this system is best.

2. This is mechanical system and has its own advantages as well as disadvantages. i have clearly stated both in my 1st message as well as so many messages in some of my past posts.

3. I have also said, to trade my system, you need " 100% confident" & for that reason i keep saying that you paper trade first for around 3 months and if & only if you have 100% confident than start trading my system.

4. I have also clearly said that, the max drawdown is around 500 points.

5.I have also said, by using options, one can lock profit, whenever we have good profit. may be 200 points or more.

6. I also said to start with MINIFTY one lot only to limit max possible losses to "Rs. 10000.00" (500 points drawdown) only.

So if you are not willing to loss of Rs. 10000, than this system may not be suitable to your trading style. you need patience & confident. if you are earning more than the system by getting some help from my levels, I will be only happiest person. What i have said, is i am posting two levels daily & this is my style of trading. If you like it, than trade it. or if you find these two levels useful to you in any other manner, use it.

If any new comers are serously looking to trade my system, than he/she should go thorugh entire thread right from 1st message, If you are new and directly jump to last message & feel that, it is rosy & misleading, than, i am sorry my friend, i can not help much in that case. If you have gone through the last year trade file, the net profit for middle two quarters i.e. from April to Aug is just 300 points. while profit in 1st quarter as well as last quaerter is more than 1000 points per quarter.

Again, this is your thinking, cann't offer any help.


In short, if you are serious, than first paper trade for 3 months, understand entire system, go through all posts, judge your own whether this type of trading is suitable to you or not. if yes, and confident, than start MINIFTY one lot & keep trading blindly till we encounter 500 points drawdown before stop. your risk is Rs. 10,000.00. And trade only if you are willing to loose Rs. 10,000.00. if you have any doubt, may be a small one, than please do not trade until and unless you are not confident enough.

Vinod

NIFTY FUTURE For September 8,

Current position : SHORT (at 4355 on 05/09/2008)

Nifty Fut Closed at : 4366.20

Profit/Loss in current trade : -11.20 (as per last closing price)
Net Profit/Loss since thread started : +1908.80 (1920.00-11.20)

Support : 4349
Resistance : 4451

Hold SHORT position with SL 4451. If trades above 4451, exit SHORT & go LONG with SL 4349.

Happy Trading.

Vinod

Its good, and i think one more statics should be mentioned that is " No. of trades" from starting till date. this way it will be more transparent.

devangan123,
your comments on the performance of this system is a reflection of your lack of understanding of system trading specifically trend following system trading. one of the greatest disadvantage of trend following mechanical system is its prolonged periods of drawdown during non-trending periods, yet on the long run it generates profits several times the drawdown. this period of drawdown is a very trying period for mechanical traders. if one has sufficient funds and patience to go through this trying period one can see very good profits. in fact, most of the time such trying periods precede a strong trend. hence to be able to trade this system one has to be able to be prepared for draw downs at least 50% more than the testing period of the system. hence, vinodji's caution about being prepared for Rs. 10,000/- drawdown for one Mininifty lot. i believe your comments to be unfair on this ground. you are trying to judge a system by cutting out its longer term profits and focusing on the more recent short adverse period. moreover, the losses in a trend following system usally outnumber the the profitable trades; but usually the profitable trades are much larger than the losing trades. that's how it generates profits. if you look at the nifty chart after Jan-Feb there have been very few trending periods suitable for this system. that's why it is genetating losses. once there is a clear cut trend, it will start generating profits. until that time be prepared for losses.

by the way, i think members would like to know how you have generated more profits from the levels of this system in more details so that they can use it for better performance. but that needs to be tested on a longer term basis.

My language and my manners are directly proportionate to a persons level of intellect, which you had aptly demonstrated by your suggestion to change the counting of profits again from Zero to improve the systems performance.

Now coming back to your claim that after 2 months we shall be at the same levels, so be it, but how does that make you less foolish.... do you have any study / data to support your forecast... and why should a new count of profit points change that ????? PLEASE EXPLAIN
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AND WHO ARE YOU MISTER, A GUARDIAN GORKHA FOR ALL NEWCOMERS WHO HIMSELF IS MAKING 4 TIMES MORE PROFITS WITH THESE LEVELS (and how do you do that, by resetting your count to zero each time ?? wow that's the holy grail, finally !!! you are the chosen one sir...you are truly blessed)

Where were you when the system was doing well, (and it is still on expected lines as claimed by the creator of this system- so why should you add your stupid humour when the system is in a phase of drawdown, and hide your sick a## when its on a roll, which is the primary goal of this system(to catch marathon trends)

I myself am no big fan of this system, but the mere fact that Mr.Vinod has the balls to trade it without any fear or emotion displays the strength of his character and mindset, and you sir, it's very easy to count other people's drawdowns under the guise of protecting newcomers, and btw who do you think you are to stop these chickens from getting their heads chopped off...

This forum is full of hidden secrets, i have found a handful that suits me, its a tiresome journey but the faithful will surely make it, and for those who are looking for free lunches, let them perish, i am not ashamed to proclaim that i feed on these guys...

So please step aside and let the boss dictate what is best for his system and if you are making 4 times profits with the same levels using different exits and are so very much concerned for the newcomers start a separate thread benefiting those you show so much concern for in all your posts.

Hi Vinodji,

If you don't mind can you mention the no of contracts you trade with this system?

I hope i am not intervening your personal reservations. If so i am sorry.

I entirely believe in this system and trading from last 2 months with this system.

Thanks
Pravin

But Sir I said in my above post that your system is best I have ever seen except some things . And I know its best because I am earning from last 3-4 months using your support and resistance levels.

None of message was to criticize this thread , you or your efforts. I posted these details because many times I have seen that new comers enter directly into trading when they sees this much points gain, without doing paper trading or any supportive analysis . and when these people burned their hands not because of your system but because of their hurry and greed to earn profits than they come again here and criticize your great efforts

Regards
Devan

dear Devangan123
i dont know wat u want to point, bt 1 thing i m sure either u r too confuse or u dont want to appreciate naddov god work and levels too which r giving almost contimous profits.
also u need to become mature by avoiding unwanted comments frm ur sode like advertisement and all.
friendly free advise--- use ur energy to learn sm good things rather thn to find others mistakes, thanks

Hi Chance, In this thread we are totally dependent on the levels provided by Vinod..... its not like the Saints pivot thread, where he has taught HOW TO FISH!!! and has not provided the 'fish' itself!!! There you can know the levels yourself for entry exit and adds, here it is not so!!!
Vinod provides the levels end of day and has done exceedingly well!!! Though I am not trading it the results are there for all to see and judge....Vinod by any standards have made excellent profits!!! His systrem does not incorporate 'adds'!!!!
Regards
R K Karnani

Devan, Seems your post was interpreted totally out of context!!!! And also not commented upon in totality.... some portions of your post are viewed separately and judged per what that isolated sentence would mean!!!!!!!!
Dont feel bad about it!!!! It happens all the time on Public Fora!!! The die hard fans of Vinod cannot acceptanything less than a praise!!! I am very sure Vinod himself wud not look at ur post in the same way as others have done!!!
Relax and keep trading the system!!!