NIFTY Futures Mechanical Trading

skarpio · #**681** 11th June 2008, 08:12 AM

Quote:

Originally Posted by nadodav

Suppose we are SHORT and we have around 300-400 points profit in our open position. to lock profit, we can buy ATM or slightly OTM Nifty call options of equal lots to hedge our position. [...]

Got it. Thanks.

vinst · #**682** 11th June 2008, 04:44 PM

I have sent NF levels for 12th June to Vinodji. Still short on NF.

regards,
vin

nadodav · #**683** 11th June 2008, 06:22 PM

NIFTY FUTURE For June 12,

Current position : SHORT (at 4608 on 06/06/2008)

Nifty Fut Closed at : 4496.40

Profit/Loss in current trade : +111.60 (as per last closing price)
Net Profit/Loss since thread started : +1692.60 (1581.00+111.60)

Support : 4442
Resistance : 4527

Hold SHORT position with SL 4527. If trades above 4527, exit SHORT & go LONG with SL 4442.

Happy Trading.

Vinod

pulimath · #**684** 11th June 2008, 09:53 PM

Dear Vinodji

the high of Nifty as on 11-06-2008 was 4550.00. so we should have gone long at 4528. But still you are saying that we are short .
Please confirm

Pulimath

bobomonkey · #**685** 11th June 2008, 10:36 PM

Quote:

Originally Posted by pulimath

Dear Vinodji

the high of Nifty as on 11-06-2008 was 4550.00. so we should have gone long at 4528. But still you are saying that we are short .
Please confirm

Pulimath

The levels are for Nifty Futures and not for Nifty spot.

sharmaaashish · #**686** 11th June 2008, 11:03 PM

Can i have some body from this forum who has earned on this system in last 3 months

Please

Ank!t007 · #**687** 12th June 2008, 12:05 AM

Quote:

Originally Posted by sharmaaashish

Can i have some body from this forum who has earned on this system in last 3 months

Please

Yep Why not ? I made more than 400 points by following this system + saint's pivot method. I did not trade the system while we were in range bound market !
by the ways I close all position Tuesday because will not be able to manage trade. have some other important stuff to do.

EDIT : I do not follow the system blindly I locked in some profit at some times and wait for the next level to either go long or short .Basically I follows this system with technicals of saint's pivot method.

Thanks,
Ankit

PS: I again request the new members to read the entire thread before taking any position.

vinst · #**688** 12th June 2008, 09:17 AM

Quote:

Originally Posted by Ank!t007

Yep Why not ? I made more than 400 points by following this system + saint's pivot method. I did not trade the system while we were in range bound market !
by the ways I close all position Tuesday because will not be able to manage trade. have some other important stuff to do.

EDIT : I do not follow the system blindly I locked in some profit at some times and wait for the next level to either go long or short .Basically I follows this system with technicals of saint's pivot method.

Thanks,
Ankit

PS: I again request the new members to read the entire thread before taking any position.

Hello Ankit,
Do we have a summary of Pivot system which you have mentioned? Or what are the links which i can follow for this?

regards,
vin

optionstrader · #**689** 12th June 2008, 10:42 AM

Hi Vinod Ji and all friends,

Kindly guide on this.

While going long, can we buy a put of same strike, at which we will go long on future ?

And also,

While going short, can we buy a call of same strike, at which we will go short on Nifty future ?

Kindly guide, according to me , it would take much amount, as we have to buy a put or call as well, or can we just buy them, just to waste them, and trade in Nifty futures, short or long ,with you guidance.

Would this be ok?
Or, trading with Stop Loss only would be fine , without purchasing call or puts ?

Kindly also guide, if we buy calls & puts, and trade in Minify Nifty Futures, with your guidance ?

Kindly, guide as i am totally confused.

Awaiting your quickest response,

Thanks & Regards,
Rajat Gupta

nadodav · #**690** 12th June 2008, 03:07 PM

Dear All,

I have changed position. Now Long.

Happy trading

vinod