NIFTY Futures Mechanical Trading
- Thread starter nadodav
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NIFTY FUTURE For September 9,
Current position : LONG (at 4540 on 08/09/2008)
Nifty Fut Closed at : 4506.50
Profit/Loss in current trade : -33.50 (as per last closing price)
Net Profit/Loss since thread started : +1701.50 (1735.00-33.50)
Support : 4433
Resistance : 4573
Hold LONG position with SL 4433. If trades below 4433, exit LONG & go SHORT with SL 4573.
Happy Trading.
Vinod
Current position : LONG (at 4540 on 08/09/2008)
Nifty Fut Closed at : 4506.50
Profit/Loss in current trade : -33.50 (as per last closing price)
Net Profit/Loss since thread started : +1701.50 (1735.00-33.50)
Support : 4433
Resistance : 4573
Hold LONG position with SL 4433. If trades below 4433, exit LONG & go SHORT with SL 4573.
Happy Trading.
Vinod
I have started actual trading the system from Aug 1st.
These two months (Aug,Sep) have been really frustrating since markets are range bound and highly volatile, leading to SL hitting.
Once the markets start trending the system will surely give big returns. Inspite of the loss in these two months,
I have decided to hang on to the system as I firmly believe in the system.
Regards Mansukh.
These two months (Aug,Sep) have been really frustrating since markets are range bound and highly volatile, leading to SL hitting.
Once the markets start trending the system will surely give big returns. Inspite of the loss in these two months,
I have decided to hang on to the system as I firmly believe in the system.
Regards Mansukh.
Hello Sir
This is a S/R system purely based on Levels posted by Vinod Sir, agree...
The system as being traded here by Vinod sir does not incorporate 'adds', also agreed...
The question I have asked is if some one has stuided the system by incorporating adds. I am interested in knowing what if we use adds on it?
Seems no one has... so why not do it on my own...
I got the concept of adds purely from SAINT's flow method, hence I mentioned it freely here, at no time there has been an intention on my part to compare the methods or the teachers ...
As far as I am concerned, I am greatful to Vinod sir, if it was not for his Performance Reports I would have not got interested in trading an S/R system... which motivated me in studing SAINT's Flow system harder...
Sir, as you said the daily levels are available, also a detailed Performance Report is being maintained (the excel sheets that are posted on the first message), I would definately like to work out what would be the effect on the performance of the system when we use adds on it...
Thanks sir for taking interest in my post and motivating...
Thanks
This is a S/R system purely based on Levels posted by Vinod Sir, agree...
The system as being traded here by Vinod sir does not incorporate 'adds', also agreed...
The question I have asked is if some one has stuided the system by incorporating adds. I am interested in knowing what if we use adds on it?
Seems no one has... so why not do it on my own...
I got the concept of adds purely from SAINT's flow method, hence I mentioned it freely here, at no time there has been an intention on my part to compare the methods or the teachers ...
As far as I am concerned, I am greatful to Vinod sir, if it was not for his Performance Reports I would have not got interested in trading an S/R system... which motivated me in studing SAINT's Flow system harder...
Sir, as you said the daily levels are available, also a detailed Performance Report is being maintained (the excel sheets that are posted on the first message), I would definately like to work out what would be the effect on the performance of the system when we use adds on it...
Thanks sir for taking interest in my post and motivating...
Thanks
If we are long, we add above the resistance level and if we are already short we add below the Support level!!!
Please share your findings as and when you finish analysing it!!!
Good to see someone doing so much work for others!!!
Thanks and all the best!!
you have been lucky in earning points in last 2 months because you are mostly doing intraday or booking all profits you are getting, its a good strategy but in this way you will also miss big rally's and hence less profit. Also, what you do on days when you start trade and it goes opposite just like yesterday when we was in short and market open with wide gap of 200+ points? You simply book losses ?
I think instead of criticizing vinods theory you should better understand it and guide new comers that no matter what happens they have to stick with levels, they may burn their hands in short run but there are profits in long run (within 3 months).
I have been studying technical charts since last 5 months and have fully tested vinods theory. Infect I learned allot from him and his levels. His theory is perfect (mechanical trading) and you can make tons of profits in other stocks too, if you know how to create your own levels.
Stocks is psychological game. If you have good plan + strategy and psychologically strong (you are able to control your emotions) you can definitely win this game.
I think instead of criticizing vinods theory you should better understand it and guide new comers that no matter what happens they have to stick with levels, they may burn their hands in short run but there are profits in long run (within 3 months).
I have been studying technical charts since last 5 months and have fully tested vinods theory. Infect I learned allot from him and his levels. His theory is perfect (mechanical trading) and you can make tons of profits in other stocks too, if you know how to create your own levels.
Stocks is psychological game. If you have good plan + strategy and psychologically strong (you are able to control your emotions) you can definitely win this game.
Dear MaxBombay
Trading is psychological game but heavy draw down screws trader's psychology, if trader is not aware about maximum draw down a system can give.
Can you tell me how much maximum draw down this system has given up to now, or how much maximum draw down one can expect? So as one can plan his money management rules accordingly.
Trading is psychological game but heavy draw down screws trader's psychology, if trader is not aware about maximum draw down a system can give.
Can you tell me how much maximum draw down this system has given up to now, or how much maximum draw down one can expect? So as one can plan his money management rules accordingly.
Last edited:
NIFTY FUTURE For September 10,
Current position : LONG (at 4540 on 08/09/2008)
Nifty Fut Closed at : 4489.05
Profit/Loss in current trade : -50.95 (as per last closing price)
Net Profit/Loss since thread started : +1684.05 (1735.00-50.95)
Support : 4423
Resistance : 4510
Hold LONG position with SL 4423. If trades below 4423, exit LONG & go SHORT with SL 4510.
Happy Trading.
Vinod
Current position : LONG (at 4540 on 08/09/2008)
Nifty Fut Closed at : 4489.05
Profit/Loss in current trade : -50.95 (as per last closing price)
Net Profit/Loss since thread started : +1684.05 (1735.00-50.95)
Support : 4423
Resistance : 4510
Hold LONG position with SL 4423. If trades below 4423, exit LONG & go SHORT with SL 4510.
Happy Trading.
Vinod
Hello friends
Nobody is replying to the question about maximum drawdown given by the system.
On page no 94 i.e. on 29th July 2008. Profit of the system was 2248.
Today’s profit is 1684
2248 – 1684 = 564
Since 29th July system has lost 564 + brokerage & other expenses.
A trader who started trading as per the system, since 29th July has lost around 600 points i.e. a trader who started trading this system, since 29th July has lost his 100% trading capital.
One should be prepared for similar loss in future
Nobody is replying to the question about maximum drawdown given by the system.
On page no 94 i.e. on 29th July 2008. Profit of the system was 2248.
Today’s profit is 1684
2248 – 1684 = 564
Since 29th July system has lost 564 + brokerage & other expenses.
A trader who started trading as per the system, since 29th July has lost around 600 points i.e. a trader who started trading this system, since 29th July has lost his 100% trading capital.
One should be prepared for similar loss in future
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