NIFTY Futures Mechanical Trading

[NIFTYTRADE]

NIFTY FUTURE For January 17,

Current position : SHORT (at 6210 on 10/01/2007)

Nifty Fut Closed at : 5947.65

Profit/(Loss) in current trade : +262.35 (as per last closing price)
Net Profit / (Loss) since thread started : +629.35 (367.00+262.35)

Support : 5908
Resistance : 6083

Hold SHORT positions with SL 6083. If trades above 6083, exit SHORT & go LONG with SL 5908.

Happy Trading.

Vinod

Nice going Dear Vinod

Keep it up..

 

[sandeep721]

Dear Vinod

thanks a lot for your inputs on nifty futures. I will paper trade on your system for few days before taking up actual trades. Thanks a lot once again

Sandeep

 

[nadodav]

NIFTY FUTURE For January 18,

Current position : SHORT (at 6210 on 10/01/2007)

Nifty Fut Closed at : 5931.75

Profit/(Loss) in current trade : +278.25 (as per last closing price)
Net Profit / (Loss) since thread started : +645.25 (367.00+278.25)

Support : 5902
Resistance : 6027

Hold SHORT positions with SL 6027. If trades above 6027, exit SHORT & go LONG with SL 5902.

All new members visiting first time are requested to read all messages start from first one before going ahead.

Happy Trading.

Vinod

 

[callme2shy]

hello vinod,

As u suggested I have gone through all the previous messages in the thread. I must say its quite an effort. It really tickles my brain cell to work more into the technicals. this thread has a great future with vinod leading n robin,justnifty there to discuss it out. keep going guys.
vinod just out of curosity wat is your profession otherwise??

nitin

 

[saurik]

hi,vinod
i m traking ur nifty level regularly it is really good...

 

[saurik]

can u chat online with me?

 

[nadodav]

Hi Vinod,

I have read through all the threads. Its quite an effort. Only a discplined and dedicated person can achieve this. I really appreciate your efforts. Keep up the good work.

If this thread continues like this for sometime, i am sure even you would be declaring dividends and bonuses to all of us.

I have two questions for you:

1. You seem to be calculating support and resistance as a standard deviation of 12day moving average. Is that true.

2. While we are long, can we exit immediately when Price falls below moving average instead of waiting for support to be broken and go short there and then wait for resistance (earlier support level) to be breached. May be that would limit our losses considerably.

Happy Trading

Dear ravalsb,

You can use whatever method for exit that you may find comfirtable and can compare with this one. After all we all are here to make money. secondly, calculation of support and resistance are different but some times may concide with what you say standard deviation of 12day moving average or pivot points as ultimatley I am trying to draw a line between bull and bear.

Thanks & regards

Vinod

 

[nadodav]

hello vinod,

As u suggested I have gone through all the previous messages in the thread. I must say its quite an effort. It really tickles my brain cell to work more into the technicals. this thread has a great future with vinod leading n robin,justnifty there to discuss it out. keep going guys.
vinod just out of curosity wat is your profession otherwise??

nitin

Hi Nitin,

Now I am full time trader and sub-broker. I am an electronics graduate (BE) and was in computer business for almost 10 years but left business in 2005 & jump in to stock market.

Vinod

 

[nadodav]

can u chat online with me?

yes sure you can. my yaho id is same as traderji id. but chatting may not be much useful as i may not be in position to answer your queries as i only trade nifty & that too positional trades only as per the level that i am giving here. but still if you wish you can.

Vinod

 

[nadodav]

Hello,
I am fresh entry to this site and this mail ia the 1st message I had just read, for which I am looking for quiet some time.I am doctor with Anaesthesia specialisation working in Mysore as professor of Anaesthsia in Mandya medical college, Mandya, Karnataka.
Ihave entered trading afresh in 2004 and started f&o in 2005.Doing good lot of money and everything and much more I had lost in 2006 market collapse, from which I am yet to recover.
Very recently I entered into only nifty trading.Your trade is very nice in 2007 and I want to follow it.Pl let me know what is the basis of arriving at support and reasistance level.

Hello Dr. Anand,
Welcome to the thread. I suggest you paper trade for atleast two months before putting actual money at trade or you can start with MINIFTY contract. As you should have read, the approach is purely mechanical and you have to be in trade always. you also have to be prepared for series of losses. please also go through last year result file and study. But once you decide to trade, than you have to take all the trades that come to your way. I am also seeing people taking 2-3 loss making trades and than stops & ultimetley missing big profitable trades. If you have any queries or doubt, pl let me know.

Thanks & Regds,

Vinod