Swing Trading for Nifty Futures

[timepass]

hi all,

I want pl have suggestion/comments on my following strategy for trading nifty future only.

In uptrend mkt buy just 10-20 points below R1, exit after 10-20 pts gain.
again if trend is up, sell at R2 and exit 10-20 pts below.
keep SL 20 pts on both.

similarly for down trend.

I have experienced 90% trade on positive side. on 40 days 3 trade has trigger SL.

although I am gaining through this strategy, your valuable ideas are important to me.

pl do post your views.
:clapping:

The first one (In uptrend mkt buy just 10-20 points below R1, exit after 10-20 pts gain) sounds ok, in line with the trend, but the second one (if trend is up, sell at R2 and exit 10-20 pts below) is a contra trade, what would be your stoploss ?? If a scrip breaks its R2 then there is a goodly chance of a vertical move.

 

[anil.kut]

in that case SL will trigger, which i as mentioned is of 20 pts.

again if R2 breaks, sell at R3 of course with SL (20pts), buy with 10-20 pts gain.
I have seen mkt swings and have always given profit (37 out of 40 trades)

any comment?

 

[timepass]

in that case SL will trigger, which i as mentioned is of 20 pts.

again if R2 breaks, sell at R3 of course with SL (20pts), buy with 10-20 pts gain.
I have seen mkt swings and have always given profit (37 out of 40 trades)

any comment?

37 out of 40 is a good score. Hope you will post some of your trades so that we can observe the effectiveness in real time.

Keep it up :thumb:

 

[anil.kut]

file processing in progress, will post soon.

 

[kthakker0]

hi all,

I want pl have suggestion/comments on my following strategy for trading nifty future only.

In uptrend mkt buy just 10-20 points below R1, exit after 10-20 pts gain.
again if trend is up, sell at R2 and exit 10-20 pts below.
keep SL 20 pts on both.

similarly for down trend.

I have experienced 90% trade on positive side. on 40 days 3 trade has trigger SL.

although I am gaining through this strategy, your valuable ideas are important to me.

pl do post your views.
:clapping:

Hi,
As per your writing it seems that you know the trend properly as 37 out of 40 trade results in profit.

But your posting seems far from truth because you have contradicted your own assumption.

If you know the trend then...

• Why would you initiate a contra trade from / at R2?
• Your contra trade takes away a part or most of your profit from the 3 out of 40 trades you loose.
• Why do you live and die only for 20 points? (profit and stop loss)
• Why don't you have main target and then based on the trend you have intraday targets?
• I seriously doubt that you profit in 37 out of 40 trades (don't mind)

Let me clarify
My doubting does not mean to degrade you or your strategy. This is my opinion as per what you have written.

Even I sometimes do make mistake and I have paid for those mistakes as well.

This is the only market in the whole world which has place for people with each and ever kind of budget i.e. from Penny stocks, Investment stocks, to High Beta stocks coupled with Commodities i.e Bullion, Agri, Metals, Forex, Bonds, PE players, Hedge funds, HNI, IPO's even Dabba trading is still prevalent till this day. All of them have their own trading or money making strategies, those who survive the sands of time continue to polish their strategy but many are lost and forgotten.

I'll say if you know the trend then "Be with the Trend as someone has said Trend is a Friend"


Bye

 

[kthakker0]

16/03/2012 Friday

Hi all,

I had doubts for rally but Credit Policy and Budget made me think differently but one thing is certain with this market and i.e Budget or Credit Policy or any news no matter how big or small has very little effect on the trend which is initiated by the market.

After we saw the high of 5542 on 14/03/2012 Wednesday where our target was of 5550, the trend changed the very next day when 5508 was the high, but as said Credit Policy and Budget made me think differently.

In my opinion the trend is down and the target is 5050

Monday's range is big i.e 5469 - 5313 because of today's budget effect.

We have 2 scenarios here for NF

• 5313 cracking easily will see fall that will be magnified
• NF taking support at 5313 will become volatile on intraday basis.

So trade NF by keeping 5313 level in mind.

Bye

 

[kthakker0]

19/03/2012 Monday

Hi all,

NF has broken our support of 5313 now its a matter of time when we see NF trading below 5313 and then closing below it will see more selling pressure.

My next target is 5274 and then it's 5235.

Happy shorting in NF

Bye

 

[kthakker0]

19/03/2012 Monday

Hi all,

From Wednesday till Friday i.e 21/03/2012 - 23/03/2012 are Gann Turning Day's and are important as Market will indicate where the trend is heading.

21/03/2012 Wednesday will be an important day for the market, as market trading below its Open Price will fall further and trading above its Open Price will be positive for rally.

22/03/2012 Thursday: Market trading below its Close Price will see further fall and will aggravated if markets trades below the Low Price of 21/03/2012. The opposite will be if market trades above the Close Price and will further fuel the rally if it trades above the High of 21/03/2012.

23/03/2012 Friday: Market will confirm the trend with the official Close Price above or below 21/03/2012

But keep 5313 in mind while trading in NF

Bye

 

[kthakker0]

19/03/2012 Monday

Hi all,

As said NF trading below was a sure to fall.

+35 points have been made by traders who were short in NF @ or above 5313

Bye

 

[kthakker0]

19/03/2012 Monday

Hi all,

Our 5274 is achieved and now we go for 5235

Tomorrow's range is 5391 - 5235 with 5313 as a strong resistance for rally.

We may see NF trading between 5313 - 5235

Bye