NIFTY Futures Mechanical Trading

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nadodav

Well-Known Member
#1,132
#1,132
siddhakala said:
Why 4277
SL given is 4284 not 4277
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hi,
usually before changing a position, we need to confirm trend change. so we wait to trade market below support for 2-3 minutes or 5-7 points below support. which ever hits first, we change position. I usually place my SL order to change position 7 points below support

pravinaca said:
Below 4284 for more than 3 mins
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how many time it goes below 4284 is not important, it should trade below 2-3 minutes for confirmaion.

Vinod
 
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learn2trade08

Guest
#1,135
#1,135
also can i add another important point.Dear komal,i sincerely hope you do a bit of paper trading before you analyse the system and go live.Trust me this will save you a lot of anxious moments.Please consider this as a humble suggestion.
all the best!

SamFisher said:
Before posting a question I think you should atleast read 3/4 previous posts??!!
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udaykali

New Member
#1,138
#1,138
dear vinod ji

we request u to try to give sl of 20 / 25 points so loss may be reduce . today u have reverse your call from long to short from 4277 & sl is 4392 so big gap of 115 points . if it reach their 4392 tomoroww in gap again loss will be there. so we request u to try to reduce sl for small client.

uday
 
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lalpar

Active Member
#1,139
#1,139
Vinod Sir,

It will be good if you can come up with some logic that will minimize losses even for the sake of profit..What I mean is it does not matter if we gain less points but the loss should be minimal..
 
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nadodav

Well-Known Member
#1,140
#1,140
NIFTY FUTURE For September 2,

Current position : SHORT (at 4284 on 01/09/2008)

Nifty Fut Closed at : 4350.40

Profit/Loss in current trade : -66.40 (as per last closing price)
Net Profit/Loss since thread started : +1984.60 (2051.00-66.40)

Support : 4269
Resistance : 4363

Hold SHORT position with SL 4363. If trades above 4363, exit SHORT & go LONG with SL 4269.

Happy Trading.

Vinod
 
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