Nifty Futures Positional Trading

[jamit_05]

What is "hard wired" system !

Mechanical... with strict rules... no if.. no but.. sirf Jat! types... hard-wired... no flexibility.

 

[rkkarnani]

Mechanical... with strict rules... no if.. no but.. sirf Jat! types... hard-wired... no flexibility.

System to ek dam hard wired hai.... tested for mechanical trades since 18th Oct 2010....
BUT
its me who is flexible !!

 

[jamit_05]

SAR update:

Short position taken at 6051 of Sept.
Friday EOD gave us a new SAR level of 6027.65 NF

Also, seeking an add below 5811 Spot.

This trade is now risk-free. This puts me in a good position, keeping in mind my weakness for second guessing Entry signals.

 

[jamit_05]

System to ek dam hard wired hai.... tested for mechanical trades since 18th Oct 2010....
BUT
its me who is flexible !!

All of us have these minor nagging issues... enjoyable process eh!

 

[alex_26]

Amit,

U.S. market was down lst nite...Is Gap Down Opening possible on Monday.

I wud assume a Gap Down....but nifty now at critical Zone of 5830....n BULLS have bravely defended this level d whole of last week.On d other hand BEARS r ruthlessly pushing bak BULLS everytime they r trying to breach 5900.

 

[jamit_05]

Friday made a crucial break of a daily Pivot Low on the BnF chart.

Now there are two possibilities. Either the break is true, in which case Nifty will follow suit and proceed to break its own pivot at Spot 5798! That would be a jolly-good thing for me as I am already sitting with short positions which are around 250 points in Profit.

On the other hand, the Break of BnF daily pivot proves to be a false break. In which case, price will strong rally back to 11200 levels. In which case, Nifty will take support from its Daily pivot and rally all the way back up to 6150. This is less pleasant for me as I have lowered my SAR to a level of small Profit.

Alex gave the news that US markets were down. So, the first case seems more probable. However, one can never tell for sure. A trader is only as good as the system he follows... i.e. if he does at all.

 

[trader15]

Any specific system you are following for 150 point monthly target

How much of 150 point target are you able to meet on monthly basis.

Are you trading intraday or taking positional trades.

 

[stock72]

me in opposite side ... immm.. i need the market to go up ...???

Friday made a crucial break of a daily Pivot Low on the BnF chart.

Now there are two possibilities. Either the break is true, in which case Nifty will follow suit and proceed to break its own pivot at Spot 5798! That would be a jolly-good thing for me as I am already sitting with short positions which are around 250 points in Profit.

On the other hand, the Break of BnF daily pivot proves to be a false break. In which case, price will strong rally back to 11200 levels. In which case, Nifty will take support from its Daily pivot and rally all the way back up to 6150. This is less pleasant for me as I have lowered my SAR to a level of small Profit.

Alex gave the news that US markets were down. So, the first case seems more probable. However, one can never tell for sure. A trader is only as good as the system he follows... i.e. if he does at all.

 

[jamit_05]

me in opposite side ... immm.. i need the market to go up ...???

Your chances are pretty good. Nifty is still above its EMA 15 and is taking support. As long as 5800 Spot is not taken out on closing basis you are safe. I, on the other hand, am tied by my system.

 

[stock72]

Your chances are pretty good. Nifty is still above its EMA 15 and is taking support. As long as 5800 Spot is not taken out on closing basis you are safe. I, on the other hand, am tied by my system.

I need a small up to exit at least ... let see...