NIFTY Futures Mechanical Trading

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nadodav

Well-Known Member
#51
Dear Robin,

Please do not worry. I am not a person to get hurt so easily. you have to do a lot more so please keep posting whatever your views without any worry from atleast my side.

Thanks

Vinod

Dear Members And Especially Mr Vinod

I Hope Expressing My Views On The Thread Do Not Offend Any Member Or U In Particular. Itis Only With The Intention To Share Whatever Little Knowledge I Or We Have Of Making Sense Of This Non Sense Mkt.

Regards
Robin
 

nadodav

Well-Known Member
#52
NIFTY FUTURE For December 6,

Current position : LONG (at 5710 on 29/11/2007)

Nifty Fut Closed at : 5977.15

Profit/(Loss) in current trade : +267.15 (as per last closing price)
Net Profit / (Loss) since thread started : +268.15(1.00+267.15)


Support : 5908
Resistance : 5992

Hold LONG positions with SL 5908. If trades below 5908, exit LONG & go SHORT with SL 5992.

Happy Trading !

Vinod
 
#53
Hi all, are their any restrictions for US resident NRI s to trade NIFTY futures? Which broker would you recommend for this?I would appreciate any inputs on this. Thanks in advance..

BTW, a really good book for any trader is Van Tharp's book trade your way to financial freedom. It mentions that the typical risk per trade should not typically exceed 3 percent of the account value. If a stop loss of 3% of account value results in getting stopped out too frequently, probably one is underfunded.

Couple of bad days like Black Monday 1987 when US markets plunged 20% would be enough to wipe out an over leveraged account. I remember one such Incident happening in India last year when markets plunged.
http://en.wikipedia.org/wiki/Black_Monday_(1987)
If an account is down 30% , it is easy to recover, if it is down 50%, one needs to make make 100% to recover. Any trading systems that are developed should have proper position sizing in place and be specific for individual account needs ( timeframe , risk tolerance etc)
 
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nadodav

Well-Known Member
#54
NIFTY FUTURE For December 7,

Current position : LONG (at 5710 on 29/11/2007)

Nifty Fut Closed at : 5969.85

Profit/(Loss) in current trade : +259.85 (as per last closing price)
Net Profit / (Loss) since thread started : +260.85(1.00+259.85)


Support : 5928
Resistance : 6010

Hold LONG positions with SL 5928. If trades below 5928, exit LONG & go SHORT with SL 6010.

Happy Trading !

Vinod
 
#56
Hi Just Nifty And All Members
Mkt Facing Major Resistance At6000. What Is Ur Feeling? Where Is It Headed Now And Whats Ur Strategy? I Think Buying A Straddle( One Call And One Put At The Same Stike Price5900) Will B A Good Way To Approach For This Month. Adx Moved Above 26 Showing A Trend But Wait 4 That Closing Above 6011 B'4 Taking Ne Long Posn. Mr Vinod Has Done An Excellent Work. Hats Off 2 U Sir. My Only Concern Is That The Mechanical Trading System Will B As Effective In The Most Challenging Condition Of The Mkt--------that Is The Consolidation Phase....i Sincierly Hope That Mkt Breaks Out Or Breaks Down. Enough Of This Whipsawing. As 11 Dec Approaches Cross Ur Fingers ,hope 4 The Best N Prepare 4 The Worst. And Hey Guys Kep Interacting.....

Regards Robin
 

nadodav

Well-Known Member
#60
NIFTY FUTURE For December 10,

Current position : SHORT (at 5928 on 07/12/2007)

Nifty Fut Closed at : 5989.10

Profit/(Loss) in current trade : -61.10 (as per last closing price)
Net Profit / (Loss) since thread started : +157.90 (219.00-61.10)


Support : 5939
Resistance : 6049

Hold SHORT positions with SL 6049. If trades above 6049, exit SHORT & go LONG with SL 5939.

Nifty fut.xls updated in 1st message.

Happy Trading !

Vinod
 
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