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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; Hi Vinod Ji, Kindly guide , that can we take position in between or shall ...


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  #911  
Old 23rd July 2008, 12:55 PM
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Default Re: NIFTY Futures Mechanical Trading

Hi Vinod Ji,

Kindly guide , that can we take position in between or shall
we wait for your guidance for the trend change ?

Regards
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  #912  
Old 23rd July 2008, 06:01 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For July 24,

Current position : LONG (at 3918 on 11/07/2008)

Nifty Fut Closed at : 4490.70

Profit/Loss in current trade : +572.70 (as per last closing price)
Net Profit/Loss since thread started : +2275.70 (1703.00+572.70)


Support : 4346
Resistance : 4512

Hold LONG position with SL 4346. If trades below 4346, exit LONG & go SHORT with SL 4512.

Happy Trading.

Vinod
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  #913  
Old 24th July 2008, 04:43 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For July 25,

Current position : LONG (at 3918 on 11/07/2008)

Nifty Fut Closed at : 4443.10

Profit/Loss in current trade : +525.10 (as per last closing price)
Net Profit/Loss since thread started : +2228.10 (1703.00+525.10)


Support : 4331
Resistance : 4462

Hold LONG position with SL 4331. If trades below 4331, exit LONG & go SHORT with SL 4462.

Happy Trading.

Vinod
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  #914  
Old 24th July 2008, 09:05 PM
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Default Re: NIFTY Futures Mechanical Trading

Vinodji,
gr8 going , your support and resistance lvl superb finding.
Today below 4512 market was down to 4395 , after sopport gone its came down more than 115 ponts !
Thanks for reglarly updation .
--- ABHISHEK.
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  #915  
Old 25th July 2008, 12:36 AM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by srinishare View Post
dear vinodji
Thank you for the wonderful job done by you.i am new to futures & this is ultimate trading system one needs.i thorougly searched internet and found no clear trading system that was free like yours.The only FEAR we all followers have is a fine day when you STOP posting support & resistance,b'cos in this traderji itself there are not more than 3-4 continous threads.

please be with us.
You can calculate tomorrow RESISTANCE and SUPPORT levels for yourself, based on today's HIGH (h), LOW (l) and CLOSE (c).

Pivot(p)=(high+low+close)/3

Resistance=2p-l
Support=2p-h
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  #916  
Old 25th July 2008, 09:15 AM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by aabhi06 View Post
Vinodji,
gr8 going , your support and resistance lvl superb finding.
Today below 4512 market was down to 4395 , after sopport gone its came down more than 115 ponts !
Thanks for reglarly updation .
--- ABHISHEK.
4512 was not supoprt. It was a resistance level in a long trade.

regards,
vin
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  #917  
Old 25th July 2008, 11:14 AM
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Default Re: NIFTY Futures Mechanical Trading

Hi Columbus & Vinod Ji,

Thanks for your guidance for calculating Support & Resistance.
Kindly, guide, i have calculated the levels :

Today's HIGH (h), LOW (l) and CLOSE (c).


Pivot(p)=(high+low+close)/3

Resistance=2p-l
Support=2p-h


4537 4395 4443/3

4458

R = 2x4458-l=8916-4395=4521
S= 8916-4537=4379


Are my calculations right ? coz, vinod jis, levels are different from mine.
Kindly guide.

Regards
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  #918  
Old 25th July 2008, 12:26 PM
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Default Re: NIFTY Futures Mechanical Trading

Vinodji,

Are we still long???
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  #919  
Old 25th July 2008, 01:02 PM
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Default Re: NIFTY Futures Mechanical Trading

Hi Vinodji,

Are we long or short?

Pravin
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  #920  
Old 25th July 2008, 01:04 PM
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Default Re: NIFTY Futures Mechanical Trading

Dear
can we remain in long nifty
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