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NIFTY Futures Mechanical Trading

Discuss NIFTY Futures Mechanical Trading at the Futures within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by sachin_jain3 Hello Vinod, How long do you plan to keep posting this ...


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  #141  
Old 8th January 2008, 08:25 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by sachin_jain3 View Post
Hello Vinod,

How long do you plan to keep posting this trading strategy. I mean what am i supposed to do if one fine morning there is no update? Is there an end date to this thread?

thanks,
Sachin
Dear Sachin,

Pl don't worry i will be here as long as i can. even if goes against me, i wish to continue post here. Whether to trade or not, i leave on all of you to decide. If you chooses to trade, than be prepared to accept losses because market behaves each time differently. The system that works fine at one time, may not necessarily to work in future. So i again suggest & request all to trade Nifty future what ever way you trading currently and start with one lot MINIFTY by using the levels. so even if you encounter some loss making trades, your losses will be same and can remain in trade without loosing confidence.

In worst case, i will inform atleast two months in advance before stop posting.

Thanks & Regards

Vinod
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  #142  
Old 8th January 2008, 08:34 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For January 9,

Current position : SHORT (at 6224 on 08/01/2007)

Nifty Fut Closed at : 6272.80

Profit/(Loss) in current trade : -48.80 (as per last closing price)
Net Profit / (Loss) since thread started : +488.20 (537.00-48.80)


Support : 6225
Resistance : 6334

Hold SHORT positions with SL 6334. If trades above 6334, exit SHORT & go LONG with SL 6225.

Happy Trading.

Vinod
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  #143  
Old 8th January 2008, 09:17 PM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by nadodav View Post
Dear J.D.

I don't think that this will work for stock futures as good as index futures though i never tested for stock.

Thanks & Regards,

Vinod
Thanks vinod for the reply.. It is really a good idea you have conceived for the mechanical trading of index futures. Congrats.
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  #144  
Old 8th January 2008, 09:22 PM
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Default Re: NIFTY Futures Mechanical Trading

hi all.what is mechanical trading
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  #145  
Old 9th January 2008, 07:00 PM
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Default Re: NIFTY Futures Mechanical Trading

Hi Vinod, What would you do when the nifty opens with huge gap up or gap down? hypothetically speaking if the nifty opens at 6450 then where will your short go?

cheers
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  #146  
Old 9th January 2008, 07:52 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by ronald View Post
Hi Vinod, What would you do when the nifty opens with huge gap up or gap down? hypothetically speaking if the nifty opens at 6450 then where will your short go?

cheers
Dear Ronald,

we can't do anything in case of gap up or gap down. we have to take both profit or loss depends upon our position. But i usually prefer not to trade during market open i.e. early 5-7 minutes.

Vinod
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  #147  
Old 9th January 2008, 07:59 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For January 10,

Current position : SHORT (at 6224 on 08/01/2007)

Nifty Fut Closed at : 6264.40

Profit/(Loss) in current trade : -40.00 (as per last closing price)
Net Profit / (Loss) since thread started : +496.60 (537.00-40.40)


Support : 6210
Resistance : 6302

Hold SHORT positions with SL 6302. If trades above 6302, exit SHORT & go LONG with SL 6210.

Happy Trading.

Vinod
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  #148  
Old 10th January 2008, 12:21 AM
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Default Re: NIFTY Futures Mechanical Trading

how many lots do you trade?

Btw gr8 time to be short friend!
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  #149  
Old 10th January 2008, 04:27 PM
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Default Re: NIFTY Futures Mechanical Trading

Hello Vinod,

I was told by one of my friends (indepth tech analysis chap) that your system is really effective. I was looking forward the enter the market using your system. I'd be frank in telling you that I'am holding NF longs @ 6240 and I'am a long term investor. Considering this would you guide me how should I go about entering the market using your system.
I mean as of now you are short on the market and I'am holding reverse positions.
Thanks in Anticipation

Nitin
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  #150  
Old 10th January 2008, 04:53 PM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by nadodav View Post
NIFTY FUTURE For January 10,

Current position : SHORT (at 6224 on 08/01/2007)

Nifty Fut Closed at : 6264.40

Profit/(Loss) in current trade : -40.00 (as per last closing price)
Net Profit / (Loss) since thread started : +496.60 (537.00-40.40)


Support : 6210
Resistance : 6302

Hold SHORT positions with SL 6302. If trades above 6302, exit SHORT & go LONG with SL 6210.

Happy Trading.

Vinod
sorry vinod , but the stoploss of 6302 & also the supp of 6210 were hit 2 day.
if ur strategy i assume is 2 take a long position once its breaches a near top or go short if it breaks a near bottom....then it hardly works as per our past xperience....however , if its diff ,then perhaps these kind of blips may get pronounced in a volatile mkt...
make it up...

Winning is my destiny and losing is a part, learning from these mistakes is an art. After each and every failure and mistake, I know how to better throw the dart.....

regards ,
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