Nifty Futures Trading

[nonstopkaran]

Re: Time to Stick my Neck Out ,Nifty 7300

In my view the best thing would be to exit on the decline today. The negative global cues might come to his rescue.
However as I am not a pro, maybe seniors could suggest something better.

Cheers,
Kapil

ya exactly that is what even i think.. what happened yesterday is just short covering. It is not an indication of bull market for sure...

So i expect the market to step down a bit. but not close to my levels still will coem down to some extent.

I will try to come out if i see july fut anywhere near 3936...

actually my entry pointis 3836 short.... hmm very scary..

But asish da..... as soon as i place a sell order i will place a buy order immm. i cant put stop loss and buy order at teh same time.... that is y this mishep happened.....

Anyways will learn to put stop loss from here on..

Very sad now dada... i earned 10k in the last 2 weeks now gotto losse close to 20K....... gotto learn more hmmmmmmmm

 

[biyasc]

Re: Time to Stick my Neck Out ,Nifty 7300

1st of all i am not an expert,i make Loss but both being a student of Mkt let us discuss.
No 1 point plz concentrate on charts where we are trading ,nothing else.
Personally tried several methods of trading b/o ,later on concentrated in only 1 point,the path Price traverses in b/o ,which part is more consistent & we can be relatively assured,i found that to always enter b/o with Stop Buy & exit in Mkt orders,this way atleast i earn more than my broker.
We will have to find the Resistance Price point & place a Stop Buy just 0.05 points above that.Once in trade we will find the Price hesitates for a moment after our entry then it jumps in Leaps & bounds,instantly sell in Mkt order (here my experience is that i get a better fill than what is reflected in bid/ask).
Here volume plays an imp. role,any b/o with high initial vol on the b/o initiation bar ,has normal tendency to come back below entry point (where i get scared ,becoz i normally do not put Stop Loss order while trading b/o but am ready with my sell order instantly after my order gets executed with Qty filled up & price field blank,i can wait for max 25 secs to see price change to my favour otherwise exit at 1 price below bid in order book).
The most imp part is to track that b/o after the trade is done ,if it does not retrace much below the b/o point in future,after completion of it's Upward journey,then we can trade in Long with strict Stop Loss to follow it.Here vol & Range of subsequent bars becomes a guide.

Asish

excellent asisda, will remember it.

 

[nonstopkaran]

Re: Time to Stick my Neck Out ,Nifty 7300

A trading sin, no doubt, but I feel, Karan, your over-night prayers may be answered today...

As of now, SGX Nifty is down ard 80 pts...

For our NIFTY JULY FUT, break of 4015 is important for you...
this may target 3985-3965...
Also, as per Vinod's Mechanical trading (in another thread), 3965 FUT is support for today....

I am not saying for sure that 3965 will be reached.... but if you have more than one lot, you can start booking losses (much lesser than expected) partly....

My best wishes for you...

BUT NEVER EVER REPEAT THIS MISTAKE AGAIN..................

thanks for all ur lovely peoples support... hope the market started with a dip... let my girl friends prayer and all our prayers be answered....

 

[kapil123]

Re: Time to Stick my Neck Out ,Nifty 7300

A trading sin, no doubt, but I feel, Karan, your over-night prayers may be answered today...

As of now, SGX Nifty is down ard 80 pts...

For our NIFTY JULY FUT, break of 4015 is important for you...
this may target 3985-3965...
Also, as per Vinod's Mechanical trading (in another thread), 3965 FUT is support for today....

I am not saying for sure that 3965 will be reached.... but if you have more than one lot, you can start booking losses (much lesser than expected) partly....

My best wishes for you...

BUT NEVER EVER REPEAT THIS MISTAKE AGAIN..................

As of now the global cues have come to the rescue of nonstopkaran. But let this be an important lesson and learning experience.

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

thanks for all ur lovely peoples support... hope the market started with a dip... let my girl friends prayer and all our prayers be answered....

Hey karan, I hope next time you dont trade in style with your ID - "no stop" karan....
;-)

next time take care, buddy

 

[lvgandhi]

Re: Time to Stick my Neck Out ,Nifty 7300

ya exactly that is what even i think.. what happened yesterday is just short covering. It is not an indication of bull market for sure...

Don't go by assumptions. Go by chart. Many times assumptions have led me to heavy penalty. God is kind to you today.

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

what a display of strength by bears....
yesterday's full day of hardwork from SPOT 3900 to 4100 is BLOWN AWAY in just 20 minutes....

 

[nonstopkaran]

Re: Time to Stick my Neck Out ,Nifty 7300

what a display of strength by bears....
yesterday's full day of hardwork from SPOT 3900 to 4100 is BLOWN AWAY in just 20 minutes....

I asked my RM to sell it in current levels to book loss, but he is asking me to wait....

is it a fair decession at thi spoint in time....

Yes, as u all say i will not place order with out stop loss anymore...

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

http://www.traderji.com/equities/18953-time-stick-my-neck-out-nifty-7300-a-720.html#post190900

Whenever we get it much much below than our Accidental Selling price then you now we are in which phase.

However plz book at whatever price you get God may not be kind all the time.

Alternatively Plz put Stop Profit order now at Rs 10.00 below Entry now with 2 points Gap between trigger & Mkt price.

 

[circle zee]

Re: Time to Stick my Neck Out ,Nifty 7300

Get rich now OR die trying..scalpers had stop thinkin from last few days

cz