Nifty Futures Positional Trading

[toocool]

Took the positional short at 6055 NF. This is taken with the Idea of Breakout Failure in mind. If price does not act quick on the downside, if it does not break 5900 by Tuesday EOD, will exit this position.

i however took longs @5972 , half qty because i do not generally trade event days , but todays big fall , that too in an uptrending markets , that too right on support levels of previous consolidation was too lucrative to miss , however booked 50% @6013 , and took balance home . lets see

 

[jamit_05]

Positional .. Maybe playing the October futures would've been a better idea ?? That trade will gain more from premium loss.

Yes. Oct would have been better. Will switch it on Monday, if not stopped out.

 

[alex_26]

Yes. Oct would have been better. Will switch it on Monday, if not stopped out.

Hey Amit,

I hav shorted NF....I see lots of TA experts r bullish ...Cuz Charts shows Impulsive Uptrend n they hav reason to b so.... .But if i consider FA ........thinking bullish is scary.Clear contradiction at d moment.

However since trading is speculative game....i wud exit my position if things wont go my way.So should i focus on FII buying/selling on Monday to take a decision.???

 

[jamit_05]

Hey Amit,

I hav shorted NF....I see lots of TA experts r bullish ...Cuz Charts shows Impulsive Uptrend n they hav reason to b so.... .But if i consider FA ........thinking bullish is scary.Clear contradiction at d moment.

However since trading is speculative game....i wud exit my position if things wont go my way.So should i focus on FII buying/selling on Monday to take a decision.???

I intend to see how the price behaves on Open. If it goes 40 points above open then I am out. It would be different if it gaps down.

The Daily trend is up, no doubt. But, LOD break of Friday was strong and could very well forebode the change of trend. Only way to find out is to wait for SL to hit.

 

[Biswajit Das]

at this moment toocool is in comfortable position if there is no any gap down open on monday.....I want toocool books profit within 1st 1/2 an hour of monday's trade and next let the index come down so that jamit could able to book profit.....

 

[toocool]

at this moment toocool is in comfortable position if there is no any gap down open on monday.....I want toocool books profit within 1st 1/2 an hour of monday's trade and next let the index come down so that jamit could able to book profit.....

Theoretically every one trading should be comfortable on each and every trade taken by him /her, even if it turns out to be a loss or profit, whatever, basically you should be confident enough about yourself that you would be able to do the right thing as and when the markets require you to do so

When the trader reaches at above level only then he would be able to make profits consistently, you have, really have to stop fearing the markets, because when in fear, human being hardly take right decisions ever, only without the fears of the markets a trader is in complete harmony with market, himself and his trades

Have I truly reached the stage? No....... But i am trying in right direction :thumbup:

 

[jamit_05]

Price has shown an intraday breakout after a huge fall. Now, this could be very bullish as it would mean negation of the fall. Today we want to see the Failure of this Breakout to consider my short entry as safe.

Furthermore, it seems the level of 5800s would be appropriate for booking partial profit.

 

[jamit_05]

Price has shown an intraday breakout after a huge fall. Now, this could be very bullish as it would mean negation of the fall. Today we want to see the Failure of this Breakout to consider my short entry as safe.

Furthermore, it seems the level of 5800s would be appropriate for booking partial profit.

So, good that the Breakout Failure happened. And the crazy 125-gap was immediately filled. Now price is headed for a congestion zone. And is like to sideways. Therefore, I will consider 5821 NF as a good level to book 50% right away.

 

[stock72]

So, good that the Breakout Failure happened. And the crazy 125-gap was immediately filled. Now price is headed for a congestion zone. And is like to sideways. Therefore, I will consider 5821 NF as a good level to book 50% right away.

may be tommorow morning ?!!!!

 

[gkpc]

Nifty positional trades /levels as per my friend :

Was out of trade on Friday.
Went short below 5975 for intraday. Shall be converted to Positional below 5950 close !
50% booked at 5935 (was to be booked at ~5945 but mkt around this level crashed )