NF SAR 2DHL; SL to BE >2%

[trader.trends]

Hi TT

Nice trade

What do you do about rollover ?

Thanks

Just continue the position into the next month. Today I closed position in Jan series at 4865 and Feb series is near about the same level. So just short the Feb series. Covering profits with options is a choice in the second half of the month not in the first fortnight as the premium will be too high. We can still do it if we are in deep profits which need a cover.

 

[bandlab2]

tt, waiting for the trade log...

 

[trader.trends]

Here is the trade log for January

Entry		Trade	Entry	Reson		Exit 	 Date		Reason		P/L
4-Jan-2010	Long	5229	2DH broke	5263	7-Jan-2010	2DL broke	34
7-Jan-2010	Short	5263	2DL broke	5293	11-Jan-2010	2DH broke	-30
11-Jan-2010	Long	5293	2DH broke	5236	12-Jan-2010	2DL broke	-57
12-Jan-2010	Short	5236	2Dl broke	5275	18-Jan-2010	2DH broke	-39
18-Jan-2010	Long	5275	2DH broke	5232	19-Jan-2010	2DL broke	-43
19-Jan-2010	Short	5232	2DL broke	4865	28-Jan-2010	Expiry		367
Total points as per strategy		232					
Hedging loss with options		40					
Net points				192					
No of round trades			6				
Profitable Trades			2				
Loss making Trades			4

Closed the short position yesterday as indicated as did not want a surprise with RBI policy around. Ideally should have rolled over into next month.

 

[bandlab2]

are we long now ? broke 2DH at 4917

 

[trader.trends]

are we long now ? broke 2DH at 4917

2DH for today was at 4935. For tom it is at 4924. 2DL for tom is at 4757. Long tom >4924. I believe in posting personal trades only to amplify a strategy.Since there is nothing much to add to this strategy, I will not post the personal trades here.

 

[bandlab2]

for jan 28 hi did u take jan series or feb series ?

i took feb series for yesterday and day before

 

[gandhi1008]

freins,
i still dont know put and call,for the last two months iwas making short in nifty i made loss, this month ibuy minynf i am loosing.please help me to know put an call

 

[trader.trends]

for jan 28 hi did u take jan series or feb series ?

i took feb series for yesterday and day before

Bandlab
I take only the live future F1. On Jan 28 it is the 2DH/L of Jan. On Jan 29 it is 2dH/L of Jan, on Feb 01 it is the Jan H/L of 28 and Feb H/L of 29. Just keep the F1 figures all the time for simplicity.

Today it has opened beyond SAR. So we take entry at .25% from open. NF open is 4937 so our long is at 4949 else remain short below 4949.

 

[bandlab2]

tt, there is some confusion on the 0.25%, as per op its 0.25% of entry. now is this 0.25% of SAR or open ? today it breached 0.25% of SAR but not open

during the backtest, did you consider open or SAR ?

thanks

on the F1 thing, now i understand it.

 

[trader.trends]

Post 7

If the opening is beyond the SAR level, entry at .25% of Open. For instance if on Monday NF opens say at 5300 which is beyond SAR or 5293 then we go long at 5314. IF NF does not breach 5314 we continue to hold the shorts.

Bandlab
No confusion. If open is beyond SAR, SAR shifts to .25% of Open. Same thing mentioned in post 1 too. Backtested the same way.