Nifty future trading.>!!

This thread is dedicated to trading NIFTY FUTURES..
I m working on a methodology which assures 30 to 40 points on a daily basis with a success rate of anything above 70 %..

I will post all the live trades with a time lag of 2 mins..!!
I have also backtested the strategy for quite some time now..!!
Hope tht all r benefitted from the strategy

All those who happen to track this thread are requested to paper trade before they join in the actual ride..!!

Happy Trading to all.!!

First call of the strategy..!!

Short at 4868.5 activated around 7 mins from now(10.37)

Thanks for this effort to help others!!
It is preffered that a SL level is also given!!!

Profit booking has been considered at 2 parts.. each with 50 % qty...

TGT 1 for the first call.. 4839
TGT 2 kept open at the moment..!!(will update with time)

Thank u for checking it out..!!

Here I m working on a SL level, but wat i find is tht mostly 7 out of 10 calls fire in the direction of the trade.. And this calls for no SL..

Considering the other 3 calls, I happen to plan a 30 point SL from entry in every trade.. And once the TGT1 is achieved, the strategy is to bring SL to cost to protect the gains from the 50 % booked qty..!!

More on the SL part as referred above..
The risk reward ratio is 1:1, considering a TGT1 of 30 points(mostly) and a SL of 30 points...

No one here is to risk money on a RR of 1:1, but the strength of the strategy here is there are No MORE than 1 calls in the day.. Very seldom it calls for a 2nd call.. and the Strike Rate which is more than 70 % makes this strategy effective and purely directional with the trend..!!

Succesfully completed 1st target(4839)..!!

50 % to be booked here..!!
:thumb:

TGT2 for the day 4822..

TGT2 done..!!
:thumb:

Succesfully booked 100 % with the 1st call posted on the forum..
Profit from trade:

50 % qty: 4868.5 to 4839= 29.5 points
Balance 50 % qty: 4868.5 to = 46.5 points

Total in 1st trade 38 points (brok and taxes not considered)


:thumb: :thumb:

Happy Trading guys..!!

There were two good things about the call today..!!


>>>One, the market went up to 4869.8 only..(Mostly all calls are like this only, which requires that we can trade without a SL order in place..)


>>>Two, the market gave a second entry around the initial entry point at 4865 after hitting TGT1, so tht gave an additional opportunity to SHORT.. Anyways tht has not been considered in the profit calculation..!!