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NIFTY Futures Mechanical Trading

Discuss NIFTY Futures Mechanical Trading at the Futures within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by nadodav NIFTY FUTURE For April 16, Current position : Nil Nifty Fut ...


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  #511  
Old 17th April 2008, 10:11 AM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by nadodav View Post
NIFTY FUTURE For April 16,

Current position : Nil

Nifty Fut Closed at : 4897.15

Support : 4788
Resistance : 4934

Happy Trading.

Vinod
Sir, What is our rule for entering when mkt opens up with a gap. I usually wait for 10 am and buy at the clsing price of 10 AM bar, today it was 4948, above our level to go long. Can i take this level for my paper trade to have gone long!!!???
Shravan
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  #512  
Old 20th April 2008, 04:17 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

Dear All

couldn't get enough time to reply all. one thing is sure - during rangebound, any trend following system will fail. either one has to swich to another method or simply avoid trading during those periods. though, i am a rigid follower, but when you have series of losses, we have to stop some where. so i decided to stop trading because the no of consecutive losses were exceeded last year's series of losses. as sanjay has suggested, we can reduce time frame to trade during rangebound but that options i have not checked yet but will definetley look.

I do not have any other method for rangebound market and preferred to avoid trading during those periods. I also do agree that, the system is not perfect yet. I am also working on to improve & also wish to add profit target for each trade. This will take some time as i again need to test before implement. Till that time, we will continue with old one. again, decision will be yours whether to trade or not, when to stop trading, when to book profit etc.

Thanks & Regards,

Vinod
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  #513  
Old 21st April 2008, 12:46 AM
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Default Re: NIFTY Futures Mechanical Trading

Hi Vinod

Now when to enter again, or in other words when system will restart again
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  #514  
Old 21st April 2008, 10:02 AM
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Default Re: NIFTY Futures Mechanical Trading

Hi Vinod,

Can you please post the levels for today

Pravin
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  #515  
Old 22nd April 2008, 04:05 PM
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Default Re: NIFTY Futures Mechanical Trading

Vinod,

When do we begin again?
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  #516  
Old 22nd April 2008, 07:28 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For April 23,

Current position : Nil

Nifty Fut Closed at : 5043.65

Net Profit/Loss since thread started : +1204.00

Support : 4990
Resistance : 5061

I will go LONG above 5061 with SL 4990 or go SHORT below 4990 with SL 5061.

Nifty Fut.xls is updated in my 1st message.

Happy Trading.

Vinod
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  #517  
Old 22nd April 2008, 07:43 PM
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Default Re: NIFTY Futures Mechanical Trading

How many guys using this system with mininifty?
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  #518  
Old 22nd April 2008, 08:35 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by jace48 View Post
How many guys using this system with mininifty?
Hi..I have been using Vinod's Support and Resistance levels for Nifty Futures as well as Nifty Options.

Regards
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  #519  
Old 22nd April 2008, 09:10 PM
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Default Re: NIFTY Futures Mechanical Trading

Hi ravalsb,

Help me understand how do you trade options using his system?
Do you have maintain any log of your trades using options such as Nifty Fut.xls of vinod?

Thanks
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  #520  
Old 23rd April 2008, 10:31 AM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by ravalsb View Post
Hi..I have been using Vinod's Support and Resistance levels for Nifty Futures as well as Nifty Options.

Regards
Hello, How do you decide on which Option to buy?? I mean what strike price of CALL or PUT do you trade?? Please educate us thw newbies in options.
Thanx
Shravan
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