NIFTY Futures Mechanical Trading

nadodav · #**561** 13th May 2008, 05:11 PM

Quote:

Originally Posted by jace48

I took a short position in minifty after it broke the Support of 4987. WIsh to know if I was right at taking a position or should have waited?

as milkyblack said, there is nothing wrong in taking a position as long as you are comfirtable with SL. you can enter any day, any side (either long or short by keeping support or resistance as SL) and at any level. after 1-2 trade, you will be right side of the market. only thing is to trade with strict discipline. And be prepared mentally to have loss around 300-400 points during rangebound markets.

Quote:

Originally Posted by wealthreaper

Nifty came close to stoploss , hit a high of 5066 but then fell apart. Accurate stoploss Mr Nadodav. Great!!!

Thanks. again as milkyblack said, levels are for futures not for spots.

Quote:

Originally Posted by vvvv

gr8 going mr vinod in this period of volatility..have u optimised ur system as per the present market conditions??

No. not yet optimised. Still working on.

Thank you all.

Happy Trading

Vinod

nadodav · #**562** 13th May 2008, 05:13 PM

NIFTY FUTURE For May 14,

Current position : SHORT (at 5172 on 06/05/2008)

Nifty Fut Closed at : 4966.45

Profit/Loss in current trade : +205.55 (as per last closing price)
Net Profit/Loss since thread started : +1513.55 (1308.00+205.55)

Support : 4930
Resistance : 5032

Hold SHORT position with SL 5032. If trades above 5032, exit SHORT & go LONG with SL 4930

Happy Trading.

Vinod

milkyblack · #**563** 13th May 2008, 05:24 PM

Quote:

Originally Posted by nadodav

as milkyblack said, there is nothing wrong in taking a position as long as you are comfirtable with SL. you can enter any day, any side (either long or short by keeping support or resistance as SL) and at any level. after 1-2 trade, you will be right side of the market. only thing is to trade with strict discipline. And be prepared mentally to have loss around 300-400 points during rangebound markets.

Thanks. again as milkyblack said, levels are for futures not for spots.

No. not yet optimised. Still working on.

Thank you all.

Happy Trading

Vinod

Thank you Mr. Vinod indeed, for your system... I was just trying to take of some load off your shoulders by answering few questions

Thanks a lot

Regards

chanducool · #**564** 14th May 2008, 08:53 AM

Well said.

vinst · #**565** 14th May 2008, 04:19 PM

As I understand, today NF went above short SL of 5032, so shud we be long according to this system? with long SL of 4930.

regards,
vin

nadodav · #**566** 14th May 2008, 04:42 PM

Quote:

Originally Posted by vinst

As I understand, today NF went above short SL of 5032, so shud we be long according to this system? with long SL of 4930.

regards,
vin

Yes. we are now long with SL 4930 for today.

nadodav · #**567** 14th May 2008, 04:45 PM

NIFTY FUTURE For May 15,

Current position : LONG (at 5032 on 14/05/2008)

Nifty Fut Closed at : 5017.70

Profit/Loss in current trade : -14.30 (as per last closing price)
Net Profit/Loss since thread started : +1433.70 (1448.00-14.30)

Support : 4967
Resistance : 5052

Hold LONG position with SL 4967. If trades below 4967, exit LONG & go SHORT with SL 5052

Happy Trading.

Vinod

vinst · #**568** 15th May 2008, 09:12 AM

Thanks Vinod.
On the fist page of this thread, an excel file is available with trading data up to end 2007. By any chance, do we have a similar file for period since beginning of 2008 and till date?

regards,
vin

nadodav · #**569** 15th May 2008, 10:03 AM

Quote:

Originally Posted by vinst

Thanks Vinod.
On the fist page of this thread, an excel file is available with trading data up to end 2007. By any chance, do we have a similar file for period since beginning of 2008 and till date?

regards,
vin

Hi,

There is one more file "Nifty Fut.Xls" also available which is for current year & i am updating on weekly basis i.e. at the end of every week.

Vinod

touchraj16 · #**570** 15th May 2008, 11:30 AM

Hello Vinod,
If someone have 1 Lac rupees, and want to trade in future via ur technic, should he have to take only 1 lot or if possible, ha can take 3 lot? any suggestion...and how much money he should kept in margin?
thanks friend..
raj