NIFTY Futures Mechanical Trading

[milkyblack]

Nifty came close to stoploss , hit a high of 5066 but then fell apart. Accurate stoploss Mr Nadodav. Great!!!

Well friend,

Do not eye on the Nifty, when trading Mr. Vinod's system, as it follows the future and not spot!

Regards

 

[vvvv]

NIFTY FUTURE For May 13,

Current position : SHORT (at 5172 on 06/05/2008)

Nifty Fut Closed at : 5022.00

Profit/Loss in current trade : +150.00 (as per last closing price)
Net Profit/Loss since thread started : +1458.00 (1308.00+150.00

Support : 4987
Resistance : 5079

Hold SHORT position with SL 5079. If trades above 5079, exit SHORT & go LONG with SL 4987

Happy Trading.

Vinod

gr8 going mr vinod in this period of volatility..have u optimised ur system as per the present market conditions??

 

[nadodav]

I took a short position in minifty after it broke the Support of 4987. WIsh to know if I was right at taking a position or should have waited?

as milkyblack said, there is nothing wrong in taking a position as long as you are comfirtable with SL. you can enter any day, any side (either long or short by keeping support or resistance as SL) and at any level. after 1-2 trade, you will be right side of the market. only thing is to trade with strict discipline. And be prepared mentally to have loss around 300-400 points during rangebound markets.

Nifty came close to stoploss , hit a high of 5066 but then fell apart. Accurate stoploss Mr Nadodav. Great!!!

Thanks. again as milkyblack said, levels are for futures not for spots.

gr8 going mr vinod in this period of volatility..have u optimised ur system as per the present market conditions??

No. not yet optimised. Still working on.

Thank you all.

Happy Trading

Vinod

 

[nadodav]

NIFTY FUTURE For May 14,

Current position : SHORT (at 5172 on 06/05/2008)

Nifty Fut Closed at : 4966.45

Profit/Loss in current trade : +205.55 (as per last closing price)
Net Profit/Loss since thread started : +1513.55 (1308.00+205.55)

Support : 4930
Resistance : 5032

Hold SHORT position with SL 5032. If trades above 5032, exit SHORT & go LONG with SL 4930

Happy Trading.

Vinod

 

[milkyblack]

as milkyblack said, there is nothing wrong in taking a position as long as you are comfirtable with SL. you can enter any day, any side (either long or short by keeping support or resistance as SL) and at any level. after 1-2 trade, you will be right side of the market. only thing is to trade with strict discipline. And be prepared mentally to have loss around 300-400 points during rangebound markets.



Thanks. again as milkyblack said, levels are for futures not for spots.



No. not yet optimised. Still working on.

Thank you all.

Happy Trading

Vinod

Thank you Mr. Vinod indeed, for your system... I was just trying to take of some load off your shoulders by answering few questions

Thanks a lot

Regards

 

[chanducool]

Well said.

 

[vinst]

As I understand, today NF went above short SL of 5032, so shud we be long according to this system? with long SL of 4930.

regards,
vin

 

[nadodav]

As I understand, today NF went above short SL of 5032, so shud we be long according to this system? with long SL of 4930.

regards,
vin

Yes. we are now long with SL 4930 for today.

 

[nadodav]

NIFTY FUTURE For May 15,

Current position : LONG (at 5032 on 14/05/2008)

Nifty Fut Closed at : 5017.70

Profit/Loss in current trade : -14.30 (as per last closing price)
Net Profit/Loss since thread started : +1433.70 (1448.00-14.30)

Support : 4967
Resistance : 5052

Hold LONG position with SL 4967. If trades below 4967, exit LONG & go SHORT with SL 5052

Happy Trading.

Vinod

 

[vinst]

Thanks Vinod.
On the fist page of this thread, an excel file is available with trading data up to end 2007. By any chance, do we have a similar file for period since beginning of 2008 and till date?

regards,
vin