NIFTY Futures Mechanical Trading

nadodav · #**151** 10th January 2008, 08:07 PM

Quote:

Originally Posted by sudoku1

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 ,

Dear Sudoku1,

yes. it has happened in past and probably also will happen in futures where your both support and resistance gets triggered. last time it was on 6th november 2007. but it will not happen so frequently. The mechanical system has its own advantages as well as disadvantages. if you go through the last year's result that i have posted in this forum, where we have cumulative losses of 377 points between 8th aug and 24th aug where 6 out of 7 trades were loss making than followed by huge gain of single trade of 316 points, recovered almost all losses. so all these you can expect while trading mechanical model. secondly my system is not taking long position once its breaches a near top or go short if it breaks a near bottom.

Vinod

nadodav · #**152** 10th January 2008, 08:20 PM

NIFTY FUTURE For January 11,

Current position : SHORT (at 6210 on 10/01/2007)

Nifty Fut Closed at : 6160.60

Profit/(Loss) in current trade : +49.40 (as per last closing price)
Net Profit / (Loss) since thread started : +416.40 (367.00+49.40)

Support : 6131
Resistance : 6281

Hold SHORT positions with SL 6281. If trades above 6281, exit SHORT & go LONG with SL 6131.

Happy Trading.

Vinod

nadodav · #**153** 10th January 2008, 08:31 PM

Quote:

Originally Posted by callme2shy

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

Hi,

Please go through all the messages right from 1st one. And after that, if you have still any doubt, let me know.

Thanks

Vinod

krishnan_vishnu · #**154** 11th January 2008, 07:21 AM

As per your trading pattern 10-01-07 .Nifty traded
above 6302 . and you are not showing exit and went for
long.. Pls explain.

Regards
Krishnan

Happy Trading.

Vinod[/quote]

nadodav · #**155** 12th January 2008, 01:35 PM

Quote:

Originally Posted by krishnan_vishnu

As per your trading pattern 10-01-07 .Nifty traded
above 6302 . and you are not showing exit and went for
long.. Pls explain.

Regards
Krishnan

Happy Trading.

Vinod

[/quote]

we have exited short and gone long at 6302 but market again went below 6210 so cut long and went short at 6210 and still holding short.

Vinod

rkgoyal_98 · #**156** 13th January 2008, 05:59 AM

Hello

In that case ur Net profit should reduce as under
6224 --------> 6302 loss 78 points
6302 ---------> 6210 Loss 92 Points

total loss 180 points

Net Position 496-180 = 316 and not 367 till now
Regards
Rajeev

newbee · #**157** 13th January 2008, 08:51 AM

Quote:

Originally Posted by rkgoyal_98

Hello

In that case ur Net profit should reduce as under
6224 --------> 6302 loss 78 points
6302 ---------> 6210 Loss 92 Points

total loss 180 points

Net Position 496-180 = 316 and not 367 till now
Regards
Rajeev

Hello

This has been one of the most consistent efforts of running a system on this forum that I know of.

I believe it’s also an honest effort by a great guy. Thanks Vinod for that.

As for the error in reporting, quite possible.

Rajeev, it’s nice to see people taking such a keen interest in this method and doing their own math’s, thanks for the same.

The very fact that vinod is doing everything transparently by giving out all the levels in advance demonstrates his integrity.

BTW, in your post shouldn't 78 + 92 be 170, maybe you are taking extra 10 points as cost of trade, anyway I am sure it will be cleared out by Vinod.

Thanks
nb
___________________________________
TRADE WHAT YOU SEE, NOT WHAT YOU THINK

nadodav · #**158** 13th January 2008, 02:58 PM

Quote:

Originally Posted by newbee

Hello

This has been one of the most consistent efforts of running a system on this forum that I know of.

I believe it’s also an honest effort by a great guy. Thanks Vinod for that.

As for the error in reporting, quite possible.

Rajeev, it’s nice to see people taking such a keen interest in this method and doing their own math’s, thanks for the same.

The very fact that vinod is doing everything transparently by giving out all the levels in advance demonstrates his integrity.

BTW, in your post shouldn't 78 + 92 be 170, maybe you are taking extra 10 points as cost of trade, anyway I am sure it will be cleared out by Vinod.

Thanks
nb
___________________________________
TRADE WHAT YOU SEE, NOT WHAT YOU THINK

Dear Rajiv & Nb

Thanks Rajiv & Nb. as Nb mentioned, it is really nice to see that members are actively involved in math calculation and following with interest. Rajiv, I think you made some mistake while calulating. The net loss on 10th Jan is 170 points & not 180. secondly you are deducting from 496 while it should be 537 points. 496 points was not clear profit. It was M2M profit at the end of 9th Jan. Clear profit before 10th Jan was 537 points. so when we are calculating profit or loss from the position that we taken, we have to use clear profit & not MTM profit. I have explained 3 days position below to get more idea.

At the end of 8th Jan,

Clear profit was 537 points - 48.8 (M2M Loss or loss on current

position (6224-6272.80 nifty closing) = 488.20

At the end of 9th Jan,

Clear profit was 537 points - 40.4 (M2M Loss or loss on current

position (6224-6264.40 nifty closing) = 496.60

At the end of 10th Jan

Total Loss is 170 points (6224-6302)+(6210-6302) + 49.4 ((M2M Profit or

Profit on current position (6210-6160.40 Nifty closing)

So at the end of 10th Jan, cler profit is reduced to (537-170) = 367.00

Net position will be 367.00 + 49.40 ((M2M Profit or Profit on current position (6210-6160.40 Nifty closing) = 416.40 points

I hope this will clear your doubt. if not, pl get back.

Thanks again Rajeev & Nb.

Happy Trading

Vinod

nadodav · #**159** 13th January 2008, 03:45 PM

NIFTY FUTURE For January 14,

Current position : SHORT (at 6210 on 10/01/2007)

Nifty Fut Closed at : 6203.60

Profit/(Loss) in current trade : +6.40 (as per last closing price)
Net Profit / (Loss) since thread started : +373.40 (367.00+06.40)

Support : 6169
Resistance : 6271

Hold SHORT positions with SL 6271. If trades above 6271, exit SHORT & go LONG with SL 6169.

Nifty Fut.xls updated in first message of the thread.
Last one year trade file (Nifty Fut_010107_311207.xls) also moved to first message of thread.

Happy Trading.

Vinod

rkgoyal_98 · #**160** 13th January 2008, 10:26 PM

Dear Vinod,
Thxs for the clarification, it really helped
Good Luck
Rajeev