Nifty Futures Positional Trading

[toocool]

Daily TF. Sar is over recent bar high.

sorry that was hourly SAR earler i posted and not daily , daily is at 6137 , looks like you are using something modified sar?

 

[toocool]

Overnight Short ! Positional SL and reverse at above 5992 !
Intraday : Long above 5922 !

spot or future price ?

 

[jamit_05]

sorry that was hourly SAR earler i posted and not daily , daily is at 6137 , looks like you are using something modified sar?

No nothing fancy. SAR over yesterday's HOD plus a few points to factor for intraday rush.

 

[jamit_05]

This is gotta be bearish right! But, you never know. Intraday charts move in mysterious ways.

Holding positional Shorts just the way they are. No consideration of adds till Daily price closes below 5800.

 

[gkpc]

spot or future price ?

Future levels !

 

[gkpc]

Nifty Futures trades by my friend :
Intraday Nifty, exited 50%, TSL (SAR) was coming at 5925, kept at cost and was hit. Short was not taken as already Overnight Shorts in Hand !

As I dont wish to carry positions home, I took the Long with him and exited 1/3 at 30 points, 1/3 at 40 points and rest at Cost. Took position in 3 lots and exited 1 lot at each level! Short was also initiated below 5922 ! First time I got timely message from him for trades !

 

[gkpc]

I was interacting with rkk since morning today. He wasnt trading today hence was Free ! His Nifty levels are also excellent to trade. I request him to start a Thread with his Strategy/System. It can be of immense use to many ppl here on TJ. There were a lot of similarities in the levels of rkk and my friend. Maybe they both are using same EMA or any other indicator with same values ! rkk please open a thread ! PM sent to you returned. Please delete a few message in your Inbox.

 

[gkpc]

Short at 5922 did a low of 5894, tgt was given for exit at 5892.35, Now exited 1 lot at 5900.35. Holding 2 more shorts with 5926 as TSL !

 

[gkpc]

TSL hit, exited short, but Long for intraday not signaled. The SL was for protection and not reversal !

 

[gkpc]

Next Long level is above 5950 ! That I am not taking. I already have done good for a single day, trading after a gap of long time.
Profit approx : 30, 40, -2, 22, -3,-3 = ~84 points !