NIFTY Futures Mechanical Trading

sachin_jain3 · #**491** 10th April 2008, 09:41 AM

Hello Vinod,

Can you please provide the trading levels for today.

thanks,
Sachin

nadodav · #**492** 10th April 2008, 09:57 AM

NIFTY FUTURE For April 10,

Current position : LONG (at 4734 on 08/04/2008)

Nifty Fut Closed at : 4740.3

Profit/Loss in current trade : +6.30 (as per last closing price)
Net Profit/Loss since thread started : +1234.30 (1228.00+6.30)

Support : 4696
Resistance : 4777

Hold LONG positions with SL 4696. If trades below 4696, Exit LONG & go SHORT with SL 4777.

Happy Trading.

Vinod

nadodav · #**493** 10th April 2008, 07:50 PM

NIFTY FUTURE For April 11,

Current position : LONG (at 4734 on 08/04/2008)

Nifty Fut Closed at : 4722.3

Profit/Loss in current trade : -11.70 (as per last closing price)
Net Profit/Loss since thread started : +1216.30 (1228.00-11.70)

Support : 4682
Resistance : 4753

Hold LONG positions with SL 4682. We will avoid trading if SL hits tomorrow.

Happy Trading.

Vinod

monupareta · #**494** 13th April 2008, 08:50 PM

After seeing Dow Jones it looks like on tuesday their are more than 100 % chance to hit stop loss again HURRAY, yes after loosing money in starting, I DOING REVERSE OF THIS SYSTEM AND EARNING FROM LAST 3 DAYS

I know my tactices will not work for long time , since this system will start working good as soon market will find direction , but till then I am Short selling this system till market is voltaile and nifty is rangebound

rkkarnani · #**495** 13th April 2008, 09:51 PM

Quote:

Originally Posted by nadodav

NIFTY FUTURE For April 11,

Current position : LONG (at 4734 on 08/04/2008)

Nifty Fut Closed at : 4722.3

Profit/Loss in current trade : -11.70 (as per last closing price)
Net Profit/Loss since thread started : +1216.30 (1228.00-11.70)

Support : 4682
Resistance : 4753

Hold LONG positions with SL 4682. We will avoid trading if SL hits tomorrow.

Happy Trading.

Vinod

Please dont take it otherwise what I am writing :
You will not reverse the trade if SL is hit on Tuesday.
Why???
Your mechanical system says so or its the inclusion of own view that is changing the RULES of the system?????
Would like to have a line in reply.
Regards.
R K Karnani

nitinku5021a · #**496** 13th April 2008, 10:38 PM

Quote:

Originally Posted by rkkarnani

Please dont take it otherwise what I am writing :
You will not reverse the trade if SL is hit on Tuesday.
Why???
Your mechanical system says so or its the inclusion of own view that is changing the RULES of the system?????
Would like to have a line in reply.
Regards.
R K Karnani

I guess Vinod has already talked about it...In rangebound n high volatile market this system doesn't work...so according to the rule , avoid trading.

PS** : I am into paper trade with this system.

Nitin

nadodav · #**497** 14th April 2008, 07:20 PM

Quote:

Originally Posted by rkkarnani

Please dont take it otherwise what I am writing :
You will not reverse the trade if SL is hit on Tuesday.
Why???
Your mechanical system says so or its the inclusion of own view that is changing the RULES of the system?????
Would like to have a line in reply.
Regards.
R K Karnani

Hi,
As per system we should continue to trade. but as last 8 out of 9 trades (including current trade) are loss making trades, hence it is better not to trade for some time.

Vinod

nadodav · #**498** 14th April 2008, 07:26 PM

NIFTY FUTURE For April 15,

Current position : LONG (at 4734 on 08/04/2008)

Nifty Fut Closed at : 4771.85

Profit/Loss in current trade : +37.85 (as per last closing price)
Net Profit/Loss since thread started : +1265.85 (1228.00+37.85)

Support : 4729
Resistance : 4807

Hold LONG positions with SL 4729. We will avoid trading if SL hits tomorrow.

Happy Trading.

Vinod

vvvv · #**499** 14th April 2008, 07:31 PM

Quote:

Originally Posted by nitinku5021a

I guess Vinod has already talked about it...In rangebound n high volatile market this system doesn't work...so according to the rule , avoid trading.

PS** : I am into paper trade with this system.

Nitin

when do u know tht the market is volatile & rangebound..it takes sum time isnt it?? now we know nifty is volatile & rangebound..did we know tht it wud be like this 3 months back.definitely not...this means tht the system works well in a trending market..i think a simple indicator like macd will work in a trending market.
from the meet i recall tht it had been said tht the system had been built by taking the volatility factor into account..so it shud work very well in a volatile market. if its not then thts the drawback of the system..
also i think tht a volatile market is the best market to trade if u can catch the trend.
i wonder why this system has been kept so very secretive.i think every1 wud like to know tht wht factors have been kept in mind when designing such a system.we dont want the formula.

rkkarnani · #**500** 14th April 2008, 08:19 PM

Quote:

Originally Posted by nadodav

Hi,
As per system we should continue to trade. but as last 8 out of 9 trades (including current trade) are loss making trades, hence it is better not to trade for some time.

Vinod

Can we say that the system is not TOTALLY MECHANICAL!!!!!! ???
Its not to criticise, but we are bringing the 'I' into play.

Now 'I' (becoz the last 8 trades have been loss making) decide NOT TO TRADE!!!! The system does not ask us to stop the trades.
Why now?? Why not after the fourth or maybe third or may be sixth trade of loss we decided NOT TO TRADE !!!!! Is it becoz now 'I' am not comfy with the moves.

Frankly Vinod , you need to work a little bit more on the parameters of the system to make it more workable system and tradeable too . I had in the initial days of your starting this Thread had pointed out the BIG SL in trades that made the system uncomfortable.

If we finely dissect the Trades we will notice that the Profits have been acheived from just a few VERY VERY VERY BIG MOVES !!!!!!!

So look forward to your further posts after you 'tweak' the system a bit to make it more accurate.
Regards.
-R K Karnani