Nifty Futures Positional Trading

[timepass]

Much thanks to Mr. Anil Trivedi's thread. It brought my attention to the Trend Lines.

There is another good thread on trendlines, not active these days, but useful reading.

4xpipcounter's Trendlines


http://www.traderji.com/technical-analysis/52173-4xpipcounters-trendlines.html

 

[jamit_05]

Short at 5816.90 Spot;

May months are often bearish.

 

[HARIVEL]

Short at 5816.90 Spot;

May months are often bearish.

5916 :clapping:

 

[jamit_05]

5916 :clapping:

Not a mistake 5816.90 is correct

It may seem a whole ONE HUNDRED points away, but the Volatility is also kinda higher. Below 5816, the price will have come back into the trendline. This clear failure will be very fruitful.

 

[jamit_05]

This month of April has been marginally profitable.

Last month the profit was 10R. Whereas this month Nett. Profit is only one times Risk; 1R.

This was due to the long I chose skip due to my unfounded strong bearish bias. It was a pricey lesson. After which I went back to the drawing board and laid down strict rules for trend-detection and entries.

I shall share these rules, trend-detection method and timely insights into NF.

 

[akgandhi]

Who shorted nifty and why :O

 

[jamit_05]

Who shorted nifty and why :O

Not shorted yet... waaaaiiiiiting for my level to hit... 5891.20 ;

 

[jamit_05]

Spent good many hours rehashing the trading style. I do not want to miss such moves in the future.

First trade:

Long 6091.05
SL 10 points

Target: at least 5R

 

[manojborle]

Spent good many hours rehashing the trading style. I do not want to miss such moves in the future.

First trade:

Long 6091.05
SL 10 points

Target: at least 5R

I shorted NF @ 6094.4 with a stop loss @ 6125

 

[jamit_05]

I shorted NF @ 6094.4 with a stop loss @ 6125

You kept a 30 point SL. So clearly that is in a higher time frame and hence has more advantage over a 10 point SL.