NIFTY Futures Mechanical Trading

debdeeps · #**611** 28th May 2008, 10:47 PM

Quote:

Originally Posted by eciarng

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

If I have understood properly, yesterday the SL was for NF (May) and today Vinod has taken NF (June) that was trading at 4895 when NF (May) was at 4904 and for which he mentioned the SL. Hope this clarifies your doubt.

nadodav · #**612** 29th May 2008, 08:32 PM

NIFTY FUTURE For May 30,

Current position : SHORT (at 4865 on 29/05/2008)

Nifty Fut Closed at : 4858.65

Profit/Loss in current trade : +06.35 (as per last closing price)
Net Profit/Loss since thread started : +1486.35 (1480.00+06.35)

Support : 4813
Resistance : 4919

Hold SHORT position with SL 4919. If trades above 4919, exit SHORT & go LONG with SL 4813.

Happy Trading.

Vinod

nadodav · #**613** 29th May 2008, 08:35 PM

Quote:

Originally Posted by eciarng

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

Yes. yesterday's SL was for may contract, while long position was taken yesterday in june contract. there were diff around 10-12 points between may & june contract.

Vinod

praki73 · #**614** 30th May 2008, 09:25 AM

Quote:

Originally Posted by nadodav

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

Dear Vinod,

Now I am new to this future market, as on 2.6.08 as suggested by you shall I go long in NIFTY @ 4895 June contract or at what level...Please suggest me, I am bit confused...

Prakash

nadodav · #**615** 30th May 2008, 04:48 PM

Quote:

Originally Posted by praki73

Dear Vinod,

Now I am new to this future market, as on 2.6.08 as suggested by you shall I go long in NIFTY @ 4895 June contract or at what level...Please suggest me, I am bit confused...

Prakash

Pl go through all the messages starting from one.. also download "Nifty Fut.xls" from my 1st message and study. even than if you have any doubt, pl let me know.

Vinod

nadodav · #**616** 30th May 2008, 07:13 PM

NIFTY FUTURE For June 2,

Current position : SHORT (at 4865 on 29/05/2008)

Nifty Fut Closed at : 4850.10

Profit/Loss in current trade : +14.90 (as per last closing price)
Net Profit/Loss since thread started : +1494.90 (1480.00+14.90)

Support : 4822
Resistance : 4898

Hold SHORT position with SL 4898. If trades above 4898, exit SHORT & go LONG with SL 4822.

Happy Trading.

Vinod

sandeep721 · #**617** 30th May 2008, 07:28 PM

Quote:

Originally Posted by nadodav

NIFTY FUTURE For May 30,

Current position : SHORT (at 4865 on 29/05/2008)

Nifty Fut Closed at : 4858.65

Profit/Loss in current trade : +06.35 (as per last closing price)
Net Profit/Loss since thread started : +1486.35 (1480.00+06.35)

Support : 4813
Resistance : 4919

Hold SHORT position with SL 4919. If trades above 4919, exit SHORT & go LONG with SL 4813.

Happy Trading.

Vinod

Dear Vinod

I think nifty futures did go above 4919 today. So shouldn't we have gone long.

Sandeep

optionstrader · #**618** 30th May 2008, 07:36 PM

Hi Vinodji,

I am also confused.
Since you said to go long above 4919, it went above till 4923,
i took the long position,and since it did not even touch the stop loss of
4813, i am still holding the long position.

Kindly guide, i am confused.

Awaiting your quickest response,

Thanks & Regards,
Rajat gupta

debdeeps · #**619** 30th May 2008, 07:48 PM

Quote:

Originally Posted by optionstrader

Hi Vinodji,

I am also confused.
Since you said to go long above 4919, it went above till 4923,
i took the long position,and since it did not even touch the stop loss of
4813, i am still holding the long position.

Kindly guide, i am confused.

Awaiting your quickest response,

Thanks & Regards,
Rajat gupta

Hi Rajat and Sandeep,
As far as I understand the system of Vinod he says that Nifty should sustain above SL for atleast 3 mins (read his first post), today it passed the SL of 4919 but didn't sustain there for 3 mins and cooled off very rapidly. So no question of trade reversal. Hope this helps.

nadodav · #**620** 30th May 2008, 08:46 PM

Quote:

Originally Posted by optionstrader

Hi Vinodji,

I am also confused.
Since you said to go long above 4919, it went above till 4923,
i took the long position,and since it did not even touch the stop loss of
4813, i am still holding the long position.

Kindly guide, i am confused.

Awaiting your quickest response,

Thanks & Regards,
Rajat gupta

Dear Rajat, Sandeep & all new comers,

Just do not follow & trade by looking 4-5 profitable trades. Instead, take your own time & go through all the messages right from first one. Also have a look in last year trade file and current year trade file. Understand the risk associated & than if you find the method comfirtable, can start trading with MINIFTY contract. Initially, it is advisable to paper trade for 2 months before actual trade.

Happy Trading.

Vinod