NIFTY Futures Mechanical Trading

milkyblack · #**251** 29th January 2008, 06:41 PM

Quote:

Originally Posted by sachin_jain3

Hello Vinod,

Thanks for the reply. And thanks for letting me know that 'I should not be trading futures'. I believe that will only be making me more convicted to trade futures. Just to let you know I have been trading future for more than 6 months now and my position is still positive after taking the last loss going long @ 5700 on the market. Its just that my trading strategy is different from yours and i never trade using stop losses. But I like your strategy and trying to see if i should abandon my strategy and switch to yours.

Thanks,
Sachin

Hello friend!
Its not that Mr Vinod advised u to keep a stop loss so that u loose money... but its because so that u CUT UR LOSSES SMALL. Friend... after all its ur money and im sure all of us over here are to make money... and to help each other to make money and get wealthier. hope no one has offended u... including me..

Regards
Just a trader!

nadodav · #**252** 29th January 2008, 06:57 PM

Quote:

Originally Posted by sachin_jain3

Hello Vinod,

Thanks for the reply. And thanks for letting me know that 'I should not be trading futures'. I believe that will only be making me more convicted to trade futures. Just to let you know I have been trading future for more than 6 months now and my position is still positive after taking the last loss going long @ 5700 on the market. Its just that my trading strategy is different from yours and i never trade using stop losses. But I like your strategy and trying to see if i should abandon my strategy and switch to yours.

Thanks,
Sachin

Dear Sachin,

whenever i hear that somebody has lost large money in single trade that upsets me. and hence whatever i felt, i said. I am really extremely sorry if I hurt you in any way.

Thanks & Regards,

Vinod

nadodav · #**253** 29th January 2008, 07:00 PM

Quote:

Originally Posted by saurik

Hi,vinod

I m following a like of urs theory.........in a early days i used to trade on my Conviction....and by doing that some times had missed big teji or mandi....so i have decided to follow system and whenever i m not comfertable with it i m using options to hedge the position...

dont feel bad that yesterday i emphasis on faster way of Communication coz i Thought
that ur opinion would be important for me.

I am not feeling bad only thing is i am trading mechanical way and takes all trades because i don't know which trades to take and which not to take. some times, even i am trading against my view or feeling. If my view or feeling is e.g. that, market should go up but if my system gives sell signal, i am taking sell signal.

Thanks & Regards,

Vinod

nadodav · #**254** 29th January 2008, 07:14 PM

NIFTY FUTURE For January 30,

Current position : LONG (at 5351 on 29/01/2007) - due to gap-up opening

Nifty Fut Closed at : 5278.15

Profit/(Loss) in current trade : -72.85 (as per last closing price)
Net Profit / (Loss) since thread started : +967.15 (1040.00-72.85)

Support : 5224
Resistance : 5388

Hold LONG positions with SL 5224 If trades below 5224, exit LONG & go SHORT with SL 5388.

All new members visiting first time are requested to read all messages start from first one before going ahead.

Happy Trading.

Vinod

cute_sonali · #**255** 29th January 2008, 08:02 PM

Quote:

Originally Posted by nadodav

NIFTY FUTURE For January 30,

Current position : LONG (at 5351 on 29/01/2007) - due to gap-up opening

Nifty Fut Closed at : 5278.15

Profit/(Loss) in current trade : -72.85 (as per last closing price)
Net Profit / (Loss) since thread started : +967.15 (1040.00-72.85)

Support : 5224
Resistance : 5388

Hold LONG positions with SL 5244 If trades below 5244, exit LONG & go SHORT with SL 5388.

All new members visiting first time are requested to read all messages start from first one before going ahead.

Happy Trading.

Vinod

Hello Mr Vinod...

Thanks a lot for all the posts u make... as now the range is narrowed... can we trade now?

one more question that keeps on floating in my mind is tht... how long are u goin to post ur support and resistance? u wont stop na? plz reply

thanks

sandeep721 · #**256** 30th January 2008, 09:41 AM

Dear Mr.vinod

Thanks a lot for your efforts. I have been following your system for the past 10-12 days , but have not made any trade as yet since the range was too large. I had some queries and I would appreciate if you would take some time to answer -

1) - Is it necessary to monitor the nifty futures thru the entire trading session or do you just place orders after the opening. I am a part time trader, that is why I asked this question

2) - you have given 5224-5388 as support,resistance for today. Suppose in a volatile market both levels are hit, then what would be your view

3) - lastly the same query that sonali has posted , I too hope that you would not stop posting these levels.

thanks for your efforts once again

sandeep

pravinaca · #**257** 30th January 2008, 10:09 AM

Hi Vinod,

Thanks a lot for you support and resistance level. I had covered my mini nifty position. The range is more managable, should i enter at these current levels.

Thanks in advance

Pravin

sachin_jain3 · #**258** 30th January 2008, 10:17 AM

Quote:

Originally Posted by nadodav

NIFTY FUTURE For January 30,

Current position : LONG (at 5351 on 29/01/2007) - due to gap-up opening

Nifty Fut Closed at : 5278.15

Profit/(Loss) in current trade : -72.85 (as per last closing price)
Net Profit / (Loss) since thread started : +967.15 (1040.00-72.85)

Support : 5224
Resistance : 5388

Hold LONG positions with SL 5244 If trades below 5244, exit LONG & go SHORT with SL 5388.

All new members visiting first time are requested to read all messages start from first one before going ahead.

Happy Trading.

Vinod

Hello Vinod,

Can you please clarify this. You say that the support is 5224 . And then below you said - "Hold LONG positions with SL 5244 If trades below 5244, exit LONG & go SHORT with SL 5388."

Is the support at 5224 or 5244?

Sachin

nadodav · #**259** 30th January 2008, 12:57 PM

Quote:

Originally Posted by pravinaca

Hi Vinod,

Thanks a lot for you support and resistance level. I had covered my mini nifty position. The range is more managable, should i enter at these current levels.

Thanks in advance

Pravin

Whenever you feel range is comfirtable to you to trade, you can trade. I still expects volatality to remain high & yet not feel that market is stabilised.

Thanks

Vinod

nadodav · #**260** 30th January 2008, 12:58 PM

Quote:

Originally Posted by sachin_jain3

Hello Vinod,

Can you please clarify this. You say that the support is 5224 . And then below you said - "Hold LONG positions with SL 5244 If trades below 5244, exit LONG & go SHORT with SL 5388."

Is the support at 5224 or 5244?

Sachin

It is 5224. I have corrected that msg.

Thanks & Regards,

Vinod