NIFTY Futures Mechanical Trading

[siddhakala]

Hello,
As per your instructions "one can open new positon when price trade below Support" I have opened a new short position today @ 3957.
Am I right?

 

[vinst]

Hello,
As per your instructions "one can open new positon when price trade below Support" I have opened a new short position today @ 3957.
Am I right?

right or wrong comes with passage of time. What Vinodji gives here is a profitable plan over a period of time.

vin

 

[nadodav]

Hello,
As per your instructions "one can open new positon when price trade below Support" I have opened a new short position today @ 3957.
Am I right?

Please understand the system carefully. visit earlier posts & if possible, go through entire thread, do some time paper trading and if confident, than only trade with actual money. Once you start trading, than you have to keep trading & have to take all the trades. Please do not trade if you do not understand. SR levels are for nifty futures not spot.

Vinod

 

[siddhakala]

Hello
Thanks for your reply. I am aware that once I start trading I should take all trades and I should not stop at least till I am in profit.
I am well aware with concept of draw down, money management. I strictly follow it.
To trade your levels properly I just want to know, when do you say that S/R level is broken?
After penetration even by one tick or any intraday (1min, 5min, 10min) bar should be formed or closed beyond the S/R level
Thanks again

 

[nadodav]

Hello
Thanks for your reply. I am aware that once I start trading I should take all trades and I should not stop at least till I am in profit.
I am well aware with concept of draw down, money management. I strictly follow it.
To trade your levels properly I just want to know, when do you say that S/R level is broken?
After penetration even by one tick or any intraday (1min, 5min, 10min) bar should be formed or closed beyond the S/R level
Thanks again

Pl refer below posts -

http://www.traderji.com/futures/16351-nifty-futures-mechanical-trading-43.html#post167058

http://www.traderji.com/futures/16351-nifty-futures-mechanical-trading-54.html#post175417

Vinod

 

[nadodav]

NIFTY FUTURE For July 2,

Current position : SHORT (at 4141 on 27/06/2008)

Nifty Fut Closed at : 3832.55

Profit/Loss in current trade : +308.45 (as per last closing price)
Net Profit/Loss since thread started : +2066.45 (1758.00+308.45)

Support : 3824
Resistance : 3987

Hold SHORT position with SL 3987. If trades above 3987, exit SHORT & go LONG with SL 3824.

Happy Trading.

Vinod

 

[vinst]

NF short closed. went long.

vin

 

[nadodav]

NIFTY FUTURE For July 3,

Current position : LONG (at 3987 on 02/07/2008)

Nifty Fut Closed at : 4064.25

Profit/Loss in current trade : +77.25 (as per last closing price)
Net Profit/Loss since thread started : +1989.25 (1912.00+77.25)

Support : 3965
Resistance : 4123

Hold LONG position with SL 3965. If trades below 3965, exit LONG & go SHORT with SL 4123.

Happy Trading.

Vinod

 

[pravinaca]

Hi Vinodji,

Did you reverse the position?

Pravin

 

[nadodav]

NIFTY FUTURE For July 4,

Current position : SHORT (at 3965 on 03/07/2008)

Nifty Fut Closed at : 3879.60

Profit/Loss in current trade : +85.40 (as per last closing price)
Net Profit/Loss since thread started : +1975.40 (1890.00+85.40)

Support : 3803
Resistance : 3982

Hold SHORT position with SL 3982. If trades above 3982, exit SHORT & go LONG with SL 3803.

Happy Trading.

Vinod