NIFTY Futures Mechanical Trading

anjanr · #**451** 4th April 2008, 10:35 PM

As he has said earlier, we dont know which trade is profitable. This is very profitable in a trending market and in volatile mkt, any system may not perform well. Regarding booking profit at 100 pts, I share a different opinion. Look at his call where it was short @ 6210. That call rocked and made huge profits. 100 pt would have cut the profit big time.

kishan75 · #**452** 4th April 2008, 10:47 PM

Quote:

Originally Posted by anjanr

As he has said earlier, we dont know which trade is profitable. This is very profitable in a trending market and in volatile mkt, any system may not perform well. Regarding booking profit at 100 pts, I share a different opinion. Look at his call where it was short @ 6210. That call rocked and made huge profits. 100 pt would have cut the profit big time.

I think you are absolutely right, but as i explicitly mentioned atleast in this type of volatile markets where nifty is trading in a rangebound situation and don't know his futures direction,
But dear this is my suggestion only, and I know only one out of 100 suggestion can Improve any system so i gave this situatuon.

And just to remind you something that even after that huge profit call this system has given +1355.65 , I won't say that this is less but it could have been something more.

And as JACE said this decision should be left over to VINOD only our job is just to give suggestion only, So its all over now to VINOD

kishan75 · #**453** 4th April 2008, 10:52 PM

Quote:

Originally Posted by coolbuddyin

please help me i have buy postion at 4800 nifty
now its down almost 140 points
how it willl be on monday
dowjones presently in red
what should i do

Don't worry market on monday will be good , I believe in this mechanical system. I can't say whehter you will be able to square off your position without any loss but their will be atleast 80-90 points of recovery is gurranteed as my analysis says,

So Put aside your tensions and enjoy a good week end

columbus · #**454** 4th April 2008, 11:52 PM

Quote:

Originally Posted by kishan75

Sir

I gave it few days back also.

Your Mechanical System works very good , But in Real Word nothing is Perfect, we must be updating to make it as close as possible to Perfect.

I am Making a try for this, If you find ok then you can also try for this.

I have seen almost every post of your thread and found that your system don't give advise to book Profit as efficently as it should be.

If on some day any Position is giving Profit of more than 100 Points on Nifty than it is advisable to book Profit on that Particular atleast in this type of market where next day opening is so highly unpredictable. No body can tell whether it can be 150 points up or gap down because of global markets.

Try this strategy for one week on Paper if you found its working good then update in your system

In the present day of volatility ,it is better to close the positions within the day either LONG/SHORT instead of hoping for gap up/ gap down opening the next day because markets are behaving a bit irrationally.The last FRIDAY when it was reported that the INFLATION touched 6.68%' NIFTY rallied by over 100 points.Is there any LOGIC?

coolbuddyin · #**455** 4th April 2008, 11:53 PM

Quote:

Originally Posted by kishan75

Don't worry market on monday will be good , I believe in this mechanical system. I can't say whehter you will be able to square off your position without any loss but their will be atleast 80-90 points of recovery is gurranteed as my analysis says,

So Put aside your tensions and enjoy a good week end

thanks for moral support..please tell me what would be price at which i can exit at minimal losses
4750-4770?
or even below?

is there any chances for recovery for markets next week beyond 4800.. ?

kishan75 · #**456** 5th April 2008, 07:28 AM

Quote:

Originally Posted by coolbuddyin

thanks for moral support..please tell me what would be price at which i can exit at minimal losses
4750-4770?
or even below?

is there any chances for recovery for markets next week beyond 4800.. ?

I Will Reply to your question on Monday exactly at 10:30 AM after seeing opening, Since on that time I would be able to tell more accurately.

I don't believe in guessing, Since know that can effect your position

kishan75 · #**457** 5th April 2008, 07:34 AM

Quote:

Originally Posted by columbus

In the present day of volatility ,it is better to close the positions within the day either LONG/SHORT instead of hoping for gap up/ gap down opening the next day because markets are behaving a bit irrationally.The last FRIDAY when it was reported that the INFLATION touched 6.68%' NIFTY rallied by over 100 points.Is there any LOGIC?

No logic man, that was the most uncommon way markets behaved that day and investors faced its compensation on monday, If you remember my post under thread "Will this rally continue?" . When ever market behave like this we have to pay for it on next days.

What can be the only possible reason due to first day of new series and bears wanted to invite some bulls for hunting , and they successfully did in whole last week.

Although above lines look childish but really some times it happens and you will notice some more days like this and then will remember my above lines

coolbuddyin · #**458** 7th April 2008, 09:23 AM

Any guess on how our marktes behave? Particularly nifty

pravinaca · #**459** 7th April 2008, 09:59 AM

Hi Vinod,

Can you please post the levels for today

Pravin

nadodav · #**460** 7th April 2008, 10:04 AM

NIFTY FUTURE For April 7,

Current position : SHORT (at 4750 on 04/04/2008)

Nifty Fut Closed at : 4652.70

Profit/Loss in current trade : 97.30 (as per last closing price)
Net Profit/Loss since thread started : +1445.30 (1348.00+97.30)

Support : 4637
Resistance : 4761

Hold SHORT positions with SL 4761. If trades above 4761, Exit SHORT & go LONG with SL 4637.

Happy Trading.

Vinod