NIFTY Futures Mechanical Trading

nadodav · #**281** 5th February 2008, 10:11 AM

Quote:

Originally Posted by sachin_jain3

Regarding this strategy of yours, suppose i sold just before the resistance and go short. Now for today(the day when i go short) my SL is the resistance that you have defined today. But supposing i carry my short position to the next day. So will the stop loss on the short position stay the same (the resistance that you defined today) or should it change to the resistance that you are going to define tomorrow?

Sorry if this is a lot of botheration.

Sachin

No. stopsloss will not the same as it was on the day you take position. you just have to keep whatever resistance as SL for any day

Vinod

zeekid · #**282** 5th February 2008, 01:37 PM

Quote:

Originally Posted by nadodav

No. stopsloss will not the same as it was on the day you take position. you just have to keep whatever resistance as SL for any day

Vinod

You really have got a cool head on those shoulders.!! but tell me, frankly, don't you really ever get irritated by repetitive and sometimes meaningless, questioning? How do you cope with it?

It is out of the bounds of my technical ability to judge your system, but IMO, if any system that can earn 5K pm nett on an avg. basis, without one having to do anything except bark orders to one's broker at the end of the day, that system ought to have something in it. Be it early trend catching or good exit policy or whatever.... it suits me! (and probably many others like me)

Nitesh

nadodav · #**283** 5th February 2008, 07:39 PM

NIFTY FUTURE For February 6,

Current position : LONG (at 5193 on 01/02/2007)

Nifty Fut Closed at : 5480.95

Profit/(Loss) in current trade : +287.95 (as per last closing price)
Net Profit / (Loss) since thread started : +1141.95 (854.00+287.95)

Support : 5389
Resistance : 5491

Hold LONG positions with SL 5389 If trades below 5389, exit LONG & go SHORT with SL 5491.

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

Happy Trading.

Vinod

nadodav · #**284** 6th February 2008, 10:03 AM

Dear all,

i have exited long position at 5265 but not gone short and will wait before taking a new position

Vinod

milkyblack · #**285** 6th February 2008, 11:52 AM

hello vinod...
good that u posted that u did not go short and would wait. this would help the members over here to take position.

thanks

umesh25 · #**286** 6th February 2008, 04:57 PM

Quote:

Originally Posted by nadodav

Dear all,

i have exited long position at 5265 but not gone short and will wait before taking a new position

Vinod

HELLO VINOD
FROM LAST 2 WEEK MKT CONTINUE IS GOING ON RANGE BOUND AND TODAY THEY BREAK SUPPORT LEVEL AND WE NOT TAKE ANY POSITION. WHAT UR VIEW FOR MKT AND WHICH TREND IS GOING ON BECOUSE TODAY WE NOT TAKE SHORT POSITION BEC. MAY BE NOT CLEAR PICTURE SHOW THE MKT.

UMESH

nadodav · #**287** 6th February 2008, 07:09 PM

Quote:

Originally Posted by umesh25

HELLO VINOD
FROM LAST 2 WEEK MKT CONTINUE IS GOING ON RANGE BOUND AND TODAY THEY BREAK SUPPORT LEVEL AND WE NOT TAKE ANY POSITION. WHAT UR VIEW FOR MKT AND WHICH TREND IS GOING ON BECOUSE TODAY WE NOT TAKE SHORT POSITION BEC. MAY BE NOT CLEAR PICTURE SHOW THE MKT.

UMESH

yes. picture is not clear. may remain rangebound some more time.

Vinod

ravalsb · #**288** 6th February 2008, 07:10 PM

Can we know how many members have taken short position this morning.

Vinod, what do you suggest for those who have taken short position today.

Thanks & Regards

nadodav · #**289** 6th February 2008, 07:14 PM

NIFTY FUTURE For February 7,

Current position : NIL

Nifty Fut Closed at : 5296.75

Net Profit / (Loss) since thread started : +926

Support : 5241
Resistance : 5402

I Will not take any position tomorrow & will wait.

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

Happy Trading.

Vinod

nadodav · #**290** 6th February 2008, 07:21 PM

Quote:

Originally Posted by ravalsb

Can we know how many members have taken short position this morning.

Vinod, what do you suggest for those who have taken short position today.

Thanks & Regards

I have not taken short position because market opened down far below our support. I expect market to remain rangebound and may trade in small range tomorrow withount any directional move. Its better to exit short position around 5300-5325. I think market is not tradeble at this moment. so better wait and watch.

Vinod