Nifty Futures Positional Trading

[jamit_05]

Bears have all scurried away! Yeh, bhaaloo bade chaaloo hain!

COI on CE side is negative and PE side is 16L. Go Bulls!

 

[jamit_05]

SL at 5571.50 Spot. Had to make adjustment for the premium I paid when I went long, and no premium now... Such is the business of trading.

 

[jamit_05]

I see this as an opportunity for me on the psychological front.

If this might fall of 3.00 % proves to be a shakeout, and the market goes right back up... then I feel I will have reached a milestone in trading. Something I will pride myself with.

Even if it doesn't and the SL is triggered... I will pride myself for not giving a penny more than I should have to find out whether this trade was profitable.

regards.

 

[jamit_05]

As pointed out by an esteemed trader look at the following image for a long intraday trade:

The daily trend is still up, although weak. Therefore, has a faint possibility of a fill in this mentioned long trade:

Am going long above the 15min pivot at 5610.05, with a 10 point SL.

Will post if the setup changes.

 

[jamit_05]

SL at 5571.50 Spot. Had to make adjustment for the premium I paid when I went long, and no premium now... Such is the business of trading.

SL hit.... paid a slippage of 5 points as the price just jumped. I do not want to wait for a fill when dealing with a SL... no Sir!

As per rules... re-entry at 5595.50;

 

[Option.Trader]

As pointed out by an esteemed trader look at the following image for a long intraday trade:

The daily trend is still up, although weak. Therefore, has a faint possibility of a fill in this mentioned long trade:

Am going long above the 15min pivot at 5610.05, with a 10 point SL.

Will post if the setup changes.

Really optimistic at this point, I would expect the gap of 5412-5472 to be filled in this down turn, let's see

 

[jamit_05]

Really optimistic at this point, I would expect the gap of 5412-5472 to be filled in this down turn, let's see

The trade in the image is not filled yet.... but the positional re-entry is made and will hold this trade at its SL... no analyzing beyond the point. Long again at 5595.90 and SL 5571.50; And as per rule. Last trade for the day.

 

[jamit_05]

Long time no trade... such is the nature of trading. System triggers a long only above 5500...

 

[jamit_05]

FII have reached their MAX OI levels in Index Futures... so one shouldn't expect too much participation from them on the downside...

Therefore, I feel it is a good time to get mentally prepared for longs. And if we are fortunate the chart will give a fill.

Long entry is above the BLUE line...

 

[Mr.G]

What time frame do you trade on? What techniques do you use?