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| Discuss NIFTY Futures Mechanical Trading at the Futures within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by suhasavabruth Hi I am new to this thread and I wanted to ... |
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#631
2nd June 2008, 06:06 PM
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Re: NIFTY Futures Mechanical Trading
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Happy Trading Vinod 
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#632
2nd June 2008, 06:08 PM
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Re: NIFTY Futures Mechanical Trading
NIFTY FUTURE For June 3,
Current position : SHORT (at 4865 on 29/05/2008) Nifty Fut Closed at : 4722.30 Profit/Loss in current trade : +142.70 (as per last closing price) Net Profit/Loss since thread started : +1622.70 (1480.00+142.70) Support : 4698 Resistance : 4835 Hold SHORT position with SL 4835. If trades above 4835, exit SHORT & go LONG with SL 4698. Happy Trading. Vinod
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#633
2nd June 2008, 06:13 PM
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Re: NIFTY Futures Mechanical Trading
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#635
3rd June 2008, 10:21 AM
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Re: NIFTY Futures Mechanical Trading
Quote:
Vinod
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#636
3rd June 2008, 05:05 PM
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Re: NIFTY Futures Mechanical Trading
NIFTY FUTURE For June 4,
Current position : SHORT (at 4865 on 29/05/2008) Nifty Fut Closed at : 4707.10 Profit/Loss in current trade : +157.90 (as per last closing price) Net Profit/Loss since thread started : +1637.90 (1480.00+157.90) Support : 4672 Resistance : 4767 Hold SHORT position with SL 4767. If trades above 4767, exit SHORT & go LONG with SL 4672. Happy Trading. Vinod
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#637
3rd June 2008, 07:13 PM
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Re: NIFTY Futures Mechanical Trading
Quote:
i have a doubt,if nifty trade will below suppoet levels given by you on a particular day and one want to initiate fresh position..which way he should approach as the case of today 3/06/08 u said support of 4698 ..it traded well below 4680 till 1pm ..what is best way to approach this kind of situation..either to go short or long please help sorry if asked a dumb thing
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#638
3rd June 2008, 07:23 PM
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Re: NIFTY Futures Mechanical Trading
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#639
3rd June 2008, 10:49 PM
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Re: NIFTY Futures Mechanical Trading
Quote:
When you are long it's the other way around, you care about support as if it breaks you are hurt. Resistance breaking is irrelevant. So here, don't bother about the support. The support exists for a small reason - the reversal. If the resistance breaks you haev to go long, so you go long with the support as stop loss. If the resistance does not break, don't worry about the support. (opposite with longs) Two things now. 1) Get in only at the next reversal, or 2) go short anyhow, now, with 4780 as your stop loss. It's a smaller stop in comparison with most days but you will benefit if there is further free fall from here. You have to choose what you want. Either ways, do not go against the system.
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#640
3rd June 2008, 11:19 PM
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Re: NIFTY Futures Mechanical Trading
hi i am new in this forum plese teach something
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