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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 jace48 Vinod, I think their is a mistake is Profit/Loss statement I ...


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  #601  
Old 22nd May 2008, 07:12 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by jace48 View Post
Vinod,

I think their is a mistake is Profit/Loss statement
I think there is no mistake. pl let me know if you find anywhere in calculations.

Vinod
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  #602  
Old 25th May 2008, 04:55 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For May 26,

Current position : SHORT (at 5052 on 22/05/2008)

Nifty Fut Closed at : 4941.80

Profit/Loss in current trade : +110.20 (as per last closing price)
Net Profit/Loss since thread started : +1472.20 (1362.00+110.20)


Support : 4934
Resistance : 5036

Hold SHORT position with SL 5036. If trades above 5036, exit SHORT & go LONG with SL 4934.

Happy Trading.

Vinod
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  #603  
Old 26th May 2008, 05:02 PM
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NIFTY FUTURE For May 27,

Current position : SHORT (at 5052 on 22/05/2008)

Nifty Fut Closed at : 4874.80

Profit/Loss in current trade : +177.20 (as per last closing price)
Net Profit/Loss since thread started : +1539.20 (1362.00+177.20)


Support : 4869
Resistance : 4961

Hold SHORT position with SL 4961. If trades above 4961, exit SHORT & go LONG with SL 4869.

Happy Trading.

Vinod
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  #604  
Old 27th May 2008, 05:38 PM
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NIFTY FUTURE For May 28,

Current position : SHORT (at 5052 on 22/05/2008)

Nifty Fut Closed at : 4842.35

Profit/Loss in current trade : +209.65 (as per last closing price)
Net Profit/Loss since thread started : +1571.65 (1362.00+209.65)


Support : 4825
Resistance : 4904

Hold SHORT position with SL 4904. If trades above 4904, exit SHORT & go LONG with SL 4825.

Happy Trading.

Vinod
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  #605  
Old 27th May 2008, 08:08 PM
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Default Re: NIFTY Futures Mechanical Trading

Any system which is not disclosed,one does not understand the basis of trades. We have so many expert and experienced nifty future traders. Any attempt to devise a fully disclosed mechanical daytrading system which will make 70-80 points in the month after deducting losses and brokerage ?
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  #606  
Old 28th May 2008, 03:55 PM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by Smart_trade View Post
Any system which is not disclosed,one does not understand the basis of trades. We have so many expert and experienced nifty future traders. Any attempt to devise a fully disclosed mechanical daytrading system which will make 70-80 points in the month after deducting losses and brokerage ?
Why Intraday for 70 to 80 pts? Go by Mr. Vinod's system... on avg 250 +pts profit..

Brokerage slippage.... atleast 150pts a months... if followed properly

Regards
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  #607  
Old 28th May 2008, 04:55 PM
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NIFTY FUTURE For May 29,

Current position : LONG - June Contract (at 4895 on 28/05/2008)

Nifty Fut Closed at : 4917.50 (June)

Profit/Loss in current trade : +22.50 (as per last closing price)
Net Profit/Loss since thread started : +1532.50 (1510.00+22.50)


Support : 4865 (June)
Resistance : 4945 (June)

Hold LONG position with SL 4865. If trades below 4865, exit LONG & go SHORT with SL 4945.

Happy Trading.

Vinod
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  #608  
Old 28th May 2008, 05:20 PM
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Default Re: NIFTY Futures Mechanical Trading

Vinodji, Have you in any earlier messeges disclosed how the levels mentioned by you are calculated ?
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  #609  
Old 28th May 2008, 05:41 PM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by Smart_trade View Post
Vinodji, Have you in any earlier messeges disclosed how the levels mentioned by you are calculated ?
Quote:
Originally Posted by Smart_trade View Post
Any system which is not disclosed,one does not understand the basis of trades. We have so many expert and experienced nifty future traders. Any attempt to devise a fully disclosed mechanical daytrading system which will make 70-80 points in the month after deducting losses and brokerage ?
Hello Raju

Except for the method to calculate the S/R levels, vinod's system is quite elaborately documented in this thread. Do download the excel sheets vinod has provided.

If you are looking for similar method with a disclosed method for Sup / Res, check out Saint's new thread on 60Mins Flow.

btw, Physics was also my fav subject.

Regards
Sanjay
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  #610  
Old 28th May 2008, 08:20 PM
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Default Re: NIFTY Futures Mechanical Trading

Hello Vinod,

I have been following your system for last 3 weeks. But I am little confused by the trade for today. yesterday you had placed the SL for the SHORT trade at 4904.

But today you are mentioing the LONG position entered at 4895. Did I miss something?

Pl advise

Regards
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