NIFTY Futures Mechanical Trading

nadodav · #**591** 19th May 2008, 06:51 PM

Quote:

Originally Posted by marthandan

Mr. Vinod,
I have been following your levels fora long time .I used to get your news letter in my in box . I went against your level in january and my profit was reduced. You are very good sir. I lost this link and through a friend i got it again. keep up the good work sir.

Hi,

After starting this thread, i have stopped posting to that group.

sabh005b · #**592** 19th May 2008, 07:34 PM

Mr Vinod

I was refered to your thread by a friend. Interesting to go through your posts. Congratulations on developing a robust trading system and sharing the same.

Will appreciate if you can share the way you calculate support and resistance levels in your system

Rgds

Satish

milkyblack · #**593** 20th May 2008, 08:49 AM

Sir,

I think by mistake you have got this thread wrong!
It is for NF "mechanical" system... no prediction and no "confused" predictions like the one you mentioned above...
In my view your calls tht you made... do not "at all" clearly mentions to buy/hold or do wht unlike the Mechanical system...

Whtevr it is... it would be very nice of you if you can start your own thread ... not for advertising though

Regards

mansukh · #**594** 20th May 2008, 01:13 PM

vinod sir, have u reversed ur positions? did u go short now??

nadodav · #**595** 20th May 2008, 05:24 PM

NIFTY FUTURE For May 21,

Current position : SHORT (at 5082 on 20/05/2008)

Nifty Fut Closed at : 5099.55

Profit/Loss in current trade : -17.55 (as per last closing price)
Net Profit/Loss since thread started : +1480.45 (1498.00-17.55)

Support : 5058
Resistance : 5135

Hold SHORT position with SL 5135. If trades above 5135, exit SHORT & go LONG with SL 5058.

Happy Trading.

Vinod

nadodav · #**596** 21st May 2008, 06:33 PM

NIFTY FUTURE For May 22,

Current position : LONG (at 5135 on 21/05/2008)

Nifty Fut Closed at : 5127.05

Profit/Loss in current trade : -7.95 (as per last closing price)
Net Profit/Loss since thread started : +1437.05 (1445.00-07.95)

Support : 5095
Resistance : 5171

Hold LONG position with SL 5095. If trades below 5095, exit LONG & go SHORT with SL 5171.

Happy Trading.

Vinod

jace48 · #**597** 21st May 2008, 07:22 PM

Quote:

Originally Posted by nadodav

NIFTY FUTURE For May 22,

Profit/Loss in current trade : -7.95 (as per last closing price)
Net Profit/Loss since thread started : +1437.05 (1445.00-07.95)

Vinod,

I think their is a mistake is Profit/Loss statement

vinst · #**598** 22nd May 2008, 10:57 AM

Yesterday (21 May) we had gone long at 5135. So this would have brought 5082-5135 = -53 points. Today gap down made us go short at 5064 so
5064-5135= -71 points . Now we are short with 5171 as reversal SL.
I hope my understanding is not wrong
regards,
vin

nadodav · #**599** 22nd May 2008, 12:02 PM

Quote:

Originally Posted by vinst

Yesterday (21 May) we had gone long at 5135. So this would have brought 5082-5135 = -53 points. Today gap down made us go short at 5064 so
5064-5135= -71 points . Now we are short with 5171 as reversal SL.
I hope my understanding is not wrong
regards,
vin

Yes. your understanding is correct. We are now short at 5152 (because of gap-down opening) & will hold SHORT with SL 5171

gkpc · #**600** 22nd May 2008, 12:30 PM

Quote:

Originally Posted by nadodav

Yes. your understanding is correct. We are now short at 5152 (because of gap-down opening) & will hold SHORT with SL 5171

Vinod sir, I think its a typo : The short is at 5052, and not 5152!!!!!!