Trading NIFTY Technicals

AlokTewari

Well-Known Member
#12

Today's trades - 12/03/2009

DID NOT DO ANY INTRADAY, BUT KEEPING POSITIONAL

Carry forward from 2nd Dec
1) Long @ 5108, still holding it


Unrealized profit of 14 points .
What an irony Vikas. When you were short, Nifty was going up & up. Now when you are long, Nifty after crossing 5181 fell like a stone. I am surprised your system does not have trailing SL which should have got hit somewhere when Nifty fell from high of 5191 instead of allowing all the profit to vanish.

Cheers !!!
 

praveen taneja

Well-Known Member
#13
What an irony Vikas. When you were short, Nifty was going up & up. Now when you are long, Nifty after crossing 5181 fell like a stone. I am surprised your system does not have trailing SL which should have got hit somewhere when Nifty fell from high of 5191 instead of allowing all the profit to vanish.

Cheers !!!
so lesson learnt watch his thread do just opposite of what he do just joking bro pls dont mind:lol:
 

findvikas

Well-Known Member
#14
Majak kur re ho bhai... mind kurne ke liye hona bhi to chaiye.. :D
Alok the problem with this system is a sudden move.. it works great when there is a granular move.. this system is based upon last 3 bars and if there is a sudden dip then you hit the SL.

May be you can keep the SL as 1% of the profit? to close the trade in profit. Anyways.. like any other system its not full proof.. but it works on 1 simple principle I just realized.

Market trends per the smart money.. where they want to take it.. no matter what pivot, support, resistance you figure out.. market will always prove you wrong some day. the only way out is to follow where ever market goes and in longer period market will give good returns to those who move with them. Closing price of the last 3 bars can be a great tool to define where they actually want to take.. if you want to take little big risks then you can increase these bars to 5,8,13 or whatever you feel comfortable with.

Lets see where this system takes me in the end.
 

findvikas

Well-Known Member
#15

Today's trades - 12/04/2009

Roll over my yesterday's position to cover some of the losses of last trade.

Carry forward from yesterday.. Long @ 5108, Booked at 5120
1) Short @ 5120, Booked at 5090
2) Long @ 5090 Holding it for Monday


Overall it was around 36 points realized and 15 points of unrealized profit after brokerage.
 

findvikas

Well-Known Member
#16
Today's trades - 12/07/2009

Carry forward from yesterday.. Long @ 5090, Booked at 5125
1) Short @ 5125, Holding it for tomorrow

Overall it was around 32 points realized and 67 points of unrealized profit after brokerage.
 
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findvikas

Well-Known Member
#17

Today's trades - 12/08/2009

Carry forward from yesterday.. Short @ 5125 , Booked at 5111
1) Long @ 5111, Booked at 5102
2) Short @ 5100, Booked at 5062
------- Sudden spike and I missed the bus -----
5) Long @ 5111, Holding for tomorrow...

Overall it was around 45 points realized and 48 points of unrealized profit after brokerage.
 
#20
that's what I am thinking
they may just violate the resistance to make others believe in an upside move
and then
take the market down as per their desire..
 

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