Nifty Futures Positional Trading

[jamit_05]

Hi Jamit,
I just went thr' your recent posts. You had introduced me to SH's 315 system and I had backtested it for nifty for 5 years and found that it is a good system where you are unlikely to miss big moves.
I have still not started trading nifty using this system but am keeping track of nifty using this system. Why don't you follow 315 strategy for trading NF? It has several advantages and hardly any disadvantages. You guys are more experienced , so probably you have some reason for following a different method. I just thought that I will share this with you.

Btw right now I am trading only nifty options ( short strangle ) using whatever I have learned from DanPickUp's thread.
Good trading,
gmt 900

Yes, 315 system is good. It is profitable on the Daily timeframe. No denying that. I am, however, inclined to trade NF on lower timeframes. By this I am wanting to extract profit on a monthly basis.

Hope your strangles are coming along fine. Dan is an expert. You are in good hands. What strangle position are you currently holding?

 

[manojborle]

I am expecting 6072 and then 6052

both levels achieved now expecting 6038

 

[gmt900]

Yes, 315 system is good. It is profitable on the Daily timeframe. No denying that. I am, however, inclined to trade NF on lower timeframes. By this I am wanting to extract profit on a monthly basis.

Hope your strangles are coming along fine. Dan is an expert. You are in good hands. What strangle position are you currently holding?

I am holding may 6000C/5700P strangle and hedged it by buying 6100C.
I also am holding June 6100C/5800P. Both are coming along fine.

 

[manojborle]

both levels achieved now expecting 6038

6038 is also over

 

[manojborle]

both levels achieved now expecting 6038

now remaining levels for me 6021, 5982 and then 5852

 

[PartTime_Trader]

6038 is also over

well done

Cheers
::thumb::

 

[jamit_05]

now remaining levels for me 6021, 5982 and then 5852

Great Going Manoj... Kudos.

 

[manojborle]

OI for 6100 Ce went above 70 lakhs once and then came down.
Now again bears are trying to make it go past 70 lakhs

 

[jamit_05]

I am holding may 6000C/5700P strangle and hedged it by buying 6100C.
I also am holding June 6100C/5800P. Both are coming along fine.

6000 CE May
5700 PE May

You have shorted both. And since you are now anticipating threat on the upside you have purchased 6100 CE May.

Could you please provides the Rates at which you executed the three legs?

 

[gmt900]

6000 CE May
5700 PE May

You have shorted both. And since you are now anticipating threat on the upside you have purchased 6100 CE May.

Could you please provides the Rates at which you executed the three legs?

I entered 6000C @ 61 and 5600P @ 22
I rolled up put leg by covering 5600P @ 14 (+8) and shorting 5700P @ 24
I entered 6100C @26 as a hedge for the weekend
I put an order to cover 6100C @28 today which didi not get executed.
So as of now the positions are :
6000C 61-76= -15
5700P 24-15 = 9
6100C 39-26 = 13
earlier profit = 8
total profit = 15

The tricky part is to hedge when nifty spot is about to cross 6000.
So far I have managed it. I plan to carry trade till expiry .

ps: I plan to enter nifty short when 315 system gives a signal. As we discussed i will enter next day after getting the signal since I follow TAME which does not give me real time EOD data for ema 3/ ema 15 crossover.