Nifty Futures Trading Part 2 (Positional)

[orderflow13]

But I have squared and reversed my future earlier

sat da u will always hv a company as my track record of intraday trading is poor, thanks to saint sirs new thread 30 min mini flow ... learning the simple but effective technique of flow in intraday ....
i am a newbie there ,lets see how things turn out

 

[mitasatyajit]

sat da u will always hv a company as my track record of intraday trading is poor, thanks to saint sirs new thread 30 min mini flow ... learning the simple but effective technique of flow in intraday ....
i am a newbie there ,lets see how things turn out

Go there, I don't want to do intraday regularly. Position trading suits me best. I want to develop this one further. Sometimes I do intraday trade for fun. I have finished intraday trading from 2007 january. Before that I regularly used to trade nifty future with several indicators / system. It is my fault that I could not interprete the sayings of indicators. I am fine with my trendline system now. I have married the trendline system. Donot want to look other successful systems in the world.

Please don't mind.

 

[orderflow13]

hummm... thanks for sharing ur experience as always

 

[lalpar]

Go there, I don't want to do intraday regularly. Position trading suits me best. I want to develop this one further. Sometimes I do intraday trade for fun. I have finished intraday trading from 2007 january. Before that I regularly used to trade nifty future with several indicators / system. It is my fault that I could not interprete the sayings of indicators. I am fine with my trendline system now. I have married the trendline system. Donot want to look other successful systems in the world.

Please don't mind.

da, if one sytem suits you then better we shld stick to it why involve in intrday trading for FUN and loose valuable money..Its not a good sign ...

I belive you shld stick to your own system and NEVER TRADE FOR FUN..I have learnt this over past 2 years!!!!

 

[columbus]

sat da u will always hv a company as my track record of intraday trading is poor, thanks to saint sirs new thread 30 min mini flow ... learning the simple but effective technique of flow in intraday ....
i am a newbie there ,lets see how things turn out

time.

 

[praveen taneja]

Go there, I don't want to do intraday regularly. Position trading suits me best. I want to develop this one further. Sometimes I do intraday trade for fun. I have finished intraday trading from 2007 january. Before that I regularly used to trade nifty future with several indicators / system. It is my fault that I could not interprete the sayings of indicators. I am fine with my trendline system now. I have married the trendline system. Donot want to look other successful systems in the world.

Please don't mind.

Da ,Oct is going to b good mnth for me till today i earn good points in options,i mean i m working in oct options from 20Th n going great.I want to know n request u sunil alex n all can u pls start a thread of positional trading in options in which people can work with less money n limited risk.Tried paper work in ghosh sirs option recommendation but they are too costly n 30% stop loss ohh my god dont hav courage to do real trade .Can b good for some but not for the people who lost too much n are now lil bit of confidence on themself.Ur n czar sirs selling put n call broker do not allow us due to lack of fund in a/c so pls if anyone can start posional trading for weekly bases or intra option thread looking at levels if anyone can help highly appreciated

 

[columbus]

Da ,Oct is going to b good mnth for me till today i earn good points in options,i mean i m working in oct options from 20Th n going great.I want to know n request u sunil alex n all can u pls start a thread of positional trading in options in which people can work with less money n limited risk.Tried paper work in ghosh sirs option recommendation but they are too costly n 30% stop loss ohh my god dont hav courage to do real trade .Can b good for some but not for the people who lost too much n are now lil bit of confidence on themself.Ur n czar sirs selling put n call broker do not allow us due to lack of fund in a/c so pls if anyone can start posional trading for weekly bases or intra option thread looking at levels if anyone can help highly appreciated

It will be nice it nadodav restarts his thread FUTURES MECHANICAL TRADING.

Meanwhile the impact of Bear market can be gauged from the fact ,that during
last one month Nifty gained substantially on only 4 occasions, whereas it lost
on 15 occasions substantially.

 

[rajaram.dilipkumar]

praveen,

just thought of sharing this ...... usually buy options when liquidity is good and thats usually the case when the option starts trading near month.I have given lot of money to writers by buying their calls/puts to discover this. Now how do we know that the liquidity is less ? this will automatically show up in the spreads ... if the spread between bid/ask is greater than 1 rupee it means on most occasions our money will end up in the writers bank account.Also one more thing about options , it should be used as an instrument to capture volatility and not day-trading . Again consistent day trading opportunities(for option buyers) comes only when the market trends (usually the market is ranged)or when the options are closer to their expiry (this is so because the options will usually trade without any time value)...But i for one would prefer options only if i believe a sinificant break out will happen in a particular direction or to capture counter-trend opportunities or near expiry day to make money out of volatility else will stay with futures only as we can define s/ls for day trading in futures and not options...Lastly,it is difficult to position trade in options due to time decay while a 4200 call is quoting at 92 today even if we take a call that the nifty is going to bounce back 200 pts from here in 2 weeks even then the call may not bounce as its entire value right now is derived from time value.Hence we buy options for max 2-3 day play and not more than that....

 

[rajaram.dilipkumar]

A_L , why not 60 min flow ? i think it is one of the best systems i have ever seen ...

 

[orderflow13]

RD
1)60 min flow is a pure positional thread, my problem/weakpoint is i cant daytrade.
2)30 min flow is purely day trading thread. I am ok with my positional trading system along with my indicators, by gods grace all is ok in positional trading.
3)By hard way discovered, in day trading indicators wont work on regular basis ( still i knew few traders who use em n r successful ), they gives whipsaws and if ur confidence shaken u know how ruthless is day trading.
4) saints 30 min flow uses only visual pivots, and 30 min is interesting time frame ( on 5 min frame i give a lot to broker )
Now lets see what happens.. my concern is how it will work on range bound market ( as its similar to parabolic sar, i asked saint over this n he convinced me that he used p.sar 2 years back, and visual pivots are lot better as they keep u in n out fast, wont create whipsaws and u stay with a trend )and i m having a feeling 30 min flow will be successful compare to other day trading styles as saint with his master mind solve the problems as they arise