Nifty Futures Positional Trading

[jamit_05]

Price is in the same region of dark red line again. A possibility of a sharp rise; A bounce from an established support.

The current price action qualifies as a bounce.

Daily pivot low made at the established support.

 

[bajica]

As there is more action on Nifty, the action on this thread has nearly died down.

 

[jamit_05]

As there is more action on Nifty, the action on this thread has nearly died down.

Died... Lol... you could say that.

Have punched in order for long at 5710.05; It will be my first trade after I have automated entries.

 

[timepass]

Died... Lol... you could say that.

Have punched in order for long at 5710.05; It will be my first trade after I have automated entries.

July series, I presume ?

 

[jamit_05]

July series, I presume ?

This, 5710.05 is Spot value

 

[jamit_05]

This, 5710.05 is Spot value

Shorted (yest) at 5789.45 SL 5819.45
(dodged one whipsaw, thanks to my tardiness)

 

[bajica]

Shorted (yest) at 5789.45 SL 5819.45
(dodged one whipsaw, thanks to my tardiness)

Did the SL get hit in morning trade? Or are you waiting for EOD closing @ SL?

 

[jamit_05]

SL is hit, but did not get a fill. Usually the price comes around, but has not so far. To make trading stable, I will place Open SL orders henceforth. This will cause slippage, which will have to be factored in at the time of exits.

 

[jamit_05]

Hv gone long at 5936.05 SL 28 points.

 

[jamit_05]

Am inclined towards using Daily minor n major pivots and BoF for entries... Entries are much cleaner than mechanical Entries.

Will not trade SAR as it does not give profits. Will exit as per chart reading and accumulated DD.

Currently, exits seem to be near 6200 levels.... 6000 was a good level too, but lets see if it holds.