Nifty Futures Trading

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

Todays trades :

Short 4 lots @ 5057.80 Bot 4 lots @ 5072.20 : (-) 57.60
LONG 4 lots @ 5072.20 Sold 1 lot @ 5083.70 : (+) 11.5
Sold 1 lot @ 5091.80 : (+) 19.6
Sold 2 lots@ 5142.20 : (+)140

Gross : 113.50 nifty points

Really really in debt to rkk for his input on carrying the trades after the days position is net in positive !!!! Made a BIG BIG difference!!!!

Good trades as always!
100+ points needs some celeberations though

Regards

 

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

In todays trades tried to incorporate Pivot levels as per respected Saint method to carry the trade.

Well, can I just give a peice of my thought?
Also mentioned by Mr. Sanjay in the Kolkata meet... to stick to ONE system .... so I think it would be not a good idea to mix both the indicator and pivot... as it might sometime confuse you and then leave you with no trade in hand... though sometimes it might work wonders too...
Let me add to this both the systems are good.... but followed individually I think the goodness would be beneficial

Its like making trade more objective... by sticking to one system...

Its just my view and my own experience.... ofcourse after burning my fingers

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

Well, can I just give a peice of my thought?
Also mentioned by Mr. Sanjay in the Kolkata meet... to stick to ONE system .... so I think it would be not a good idea to mix both the indicator and pivot... as it might sometime confuse you and then leave you with no trade in hand... though sometimes it might work wonders too...
Let me add to this both the systems are good.... but followed individually I think the goodness would be beneficial

Its like making trade more objective... by sticking to one system...

Its just my view and my own experience.... ofcourse after burning my fingers

Thanks for your suggestion, and has to be a valuable one when it comes from expirience. I really appreciate it.
However I have had a long and detailed chat with rkkarnani on ***** messenger and incorporated the pivot thing with his approval. Actually examined the new rules for six months last year and saw that they give much better results than before.
Here I wud like to clarify that entry etc. is all as per KolIndicator, it abt. keeping with the trade and not exiting at pre set level is that i am trying to use pivots.
I'll try to actually use it for some time before deciding to continue it or not.
Please do keep on posting your views as always.
Thanks and regards.
Gautam

 

[SGM]

Re: Time to Stick my Neck Out ,Nifty 7300

Hello Gautam

Why use pivots only for Trade Management and not for entry/exit ?

Regards
Sanjay

 

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

Thanks for your suggestion, and has to be a valuable one when it comes from expirience. I really appreciate it.
However I have had a long and detailed chat with rkkarnani on ***** messenger and incorporated the pivot thing with his approval. Actually examined the new rules for six months last year and saw that they give much better results than before.
Here I wud like to clarify that entry etc. is all as per KolIndicator, it abt. keeping with the trade and not exiting at pre set level is that i am trying to use pivots.
I'll try to actually use it for some time before deciding to continue it or not.
Please do keep on posting your views as always.
Thanks and regards.
Gautam

Dear gkpc

Ofcourse I would keep posting my ideas... In tht way even I will get feedback from the senior members and expereinced ones, If I am right/wrong etc...

Yes though it has come from my experience, but as rkk Sir, is guiding you, there is nothing to worry about... I am sure he has taken into consideration the confusion part of using two systems... as you have mentioned tht the entry is done with kol indicator, and pivot is taken as reference to exit...

And ofcourse you are doing good in trading...
The sentence marked in bold above written by you would ultimately let you know the success or not of the system... and then accordingly you can act

I also thank dear rkk Sir, for his contribution to help the beginners...

Regards

 

[lvgandhi]

Re: Time to Stick my Neck Out ,Nifty 7300

Thanks for your suggestion, and has to be a valuable one when it comes from expirience. I really appreciate it.
However I have had a long and detailed chat with rkkarnani on ***** messenger and incorporated the pivot thing with his approval. Actually examined the new rules for six months last year and saw that they give much better results than before.
Here I wud like to clarify that entry etc. is all as per KolIndicator, it abt. keeping with the trade and not exiting at pre set level is that i am trying to use pivots.
I'll try to actually use it for some time before deciding to continue it or not.
Please do keep on posting your views as always.
Thanks and regards.
Gautam

I have a little doubt regarding kolkata indicator. Somewhere in that thread, it is stated that in ami upper band is for buy and lower band is for sell. But it was also stated that you are using lower band for buy and upper band for sell. Is it correct. Which software you are using and what crireria you follow.

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

I have a little doubt regarding kolkata indicator. Somewhere in that thread, it is stated that in ami upper band is for buy and lower band is for sell. But it was also stated that you are using lower band for buy and upper band for sell. Is it correct. Which software you are using and what crireria you follow.

Sir, kindly refer to posts nos. 4656 onwards for some clarifications. Some charts were also posted.
Regards
Gautam

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

Trades today till now :

Sold 4 lots @ 5039.80 Bot 4 lots at 5013.80
( Got a few points more due to sudden down move)
Bot 4 lots @ 5024.20 sold 1 lot at 5034.20
sold 3 lots at 5024.80
Sold 4 lots at 5024.20 bot 4 lots at 5035.20
Bot 4 lots at 5035.20 sold 2 lots at 5045.20
sold 2 lots at 5034.80
Sold 4 lots at 5034.80 bot 2 lots at 5024.20

Holding 2 lots shorted with SL at cost

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

SL now 5032.20 for 2 lots shorted and in hand

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

Hello Gautam

Why use pivots only for Trade Management and not for entry/exit ?

Regards
Sanjay

Sir, We (my friend here and me) tested the trades for entire july to Dec 2007 and found that kolind was giving early entry hence this view.Sir, I am accumulating some money and a lot of expirience and ideas, thanks to u all... shall also look into entry per pivots too, but at times with my limited knowledge was more comfy with the combination.
Thanks and best regards
-Gautam