NIFTY Futures Mechanical Trading

[rkkarnani]

The method looks pretty good,I am sure you have done good work on it....you are most welcome to start a new thread with this method or post the method and/or the trades in this thread if the method is not too proprietory in nature.....

Best wishes,

Smart_trade

Vinst, Aany responce to ST's post!!! If its not properietory in nature do share!!! In any case the results are simply awesome!!! Great going.
Alok also probablymeant to see more on the strategy and not 'more results'!!!

 

[vinst]

Vinst, Aany responce to ST's post!!! If its not properietory in nature do share!!! In any case the results are simply awesome!!! Great going.
Alok also probablymeant to see more on the strategy and not 'more results'!!!

Hello Friends,
thanks for your posts. strategy has its foundations in what Vinod Ndodav was doing but i have modified it and it is leading to good results. i am keeping the details proprietary.
From next monday, I'll post to this forum, the daily levels. just for info, system has gone short on NF today below 5035. tomm i'll be travelling so no post

vin

 

[rkkarnani]

Hello Friends,
thanks for your posts. strategy has its foundations in what Vinod Ndodav was doing but i have modified it and it is leading to good results. i am keeping the details proprietary.
From next monday, I'll post to this forum, the daily levels. just for info, system has gone short on NF today below 5035. tomm i'll be travelling so no post

vin

Thanx Vin for making the matter clear....We continue as was with Nadodav!! We get the levels and not the strategy as was done by the 'originator'!! No problem at all in this !!! The results posted by you are too mouth watering and we look forward to your regular posts for Levels , Both NF and BNF
All the best!! Thanks for this selfless action!!

 

[cbosein]

Dear All,

I am starting a new thread for Nifty Futures Traders. I am successfully following my own trend following mechanical trading system for NIFTY futures which i would like to share with you all. I will be posting daily two levels i.e. support & resistance for nifty futures alongwith my current position. These support & resistance are short term trend reversal points and not daily support & resistance levels though it has also worked very well in so many ocassions. My daily posting will look like this -

NIFTY FUTURE For October 29,

Current position : LONG (at 5479 on 25/10/2007)

Support : 5573
Resistance : 5728

Hold LONG positions with SL 5573. If trades below 5573, exit LONG & go SHORT with SL 5728

This means, we are currently LONG in Nifty. And if nifty trades below support i.e. if on Oct 29, Nifty futures trades below 5573 for 2-3 minutes, we will exit LONG & go SHORT with SL as resistance. in this case it is 5728. Incase of SHORT positions, we will look for market to trade above resistance to exit SHORT & go LONG.

So we are simply continuously will be in trade at any point of time either LONG or SHORT. there is no need to book profit as it will be taken care by these level it self. We will capture major part of short term trend in both ways i.e. up as well as down.

Whenever market trades rangebound, than we may have some series of small losses as trend following system will fail in rangebound market. So i request you all initially just watch the levels before putting actual money into trade. I request you to simply paper trade and keep records in excel sheet for atleast two months & once you confident enough, you can trade.

those who are new to futures trading, i think this will be the right place to learn trading futures in more disciplined way. every time you take any positions, you know what will be your exact loss if it goes against you so your emotions, fear etc will be removed.

Pl post your comments, views & feedback.

Vinod Nadoda

Updated on 24/11/2007

I have attached "Nifty fut.xls" till date which may be useful to keep track with my levels. i will keep updating on weekly basis here. Last one year result alongwith trades are also attached.

Vinod Nadoda

Hi Vinod Nadoda,

What method or calculation your are using to get Ressistance & Support levels from EOD datas?

Pls revert back.

Thanks & regards,
Keerthi

 

[vinst]

For 23 Nov, 2009

NF in short, R 5120, S 4980
BNF in long , R 9350, S 8780

vin

 

[cbosein]

For 23 Nov, 2009

NF in short, R 5120, S 4980
BNF in long , R 9350, S 8780

vin

Hi Vinst,

At end end both were wrong?? I think....
NF - open & low are almost near & BNF - open & high are same. Any rule for this condition?

Regards,
Keerthi

 

[nifty]

Hi Vinst,

One request please post your levels between 4 P.M to 8 P.M instead of posting them few mins ago of market opening time....

Happy Trading...

 

[vinst]

Hi Vinst,

At end end both were wrong?? I think....
NF - open & low are almost near & BNF - open & high are same. Any rule for this condition?

Regards,
Keerthi

What was wrong about the levels?

vin

 

[vinst]

For 24 Nov, 2009

NF in short, R 5120, S 5020 (If NF goes abv 5120, reverse TO Long with new SL 5020)

BNF in long , R 9320, S 9100 (If BNF goes Below 9100, reverse TO Short with new SL 9320)



vin

 

[nifty]

Hi Vinst,

One request please post your levels between 4 P.M to 8 P.M instead of posting them few mins ago of market opening time....

Happy Trading...