NIFTY Futures Mechanical Trading

[nadodav]

Yesterday (21 May) we had gone long at 5135. So this would have brought 5082-5135 = -53 points. Today gap down made us go short at 5064 so
5064-5135= -71 points . Now we are short with 5171 as reversal SL.
I hope my understanding is not wrong
regards,
vin

Yes. your understanding is correct. We are now short at 5152 (because of gap-down opening) & will hold SHORT with SL 5171

 

[gkpc]

Yes. your understanding is correct. We are now short at 5152 (because of gap-down opening) & will hold SHORT with SL 5171

Vinod sir, I think its a typo : The short is at 5052, and not 5152!!!!!!

 

[nadodav]

NIFTY FUTURE For May 23,

Current position : SHORT (at 5052 on 22/05/2008)

Nifty Fut Closed at : 5017.90

Profit/Loss in current trade : +34.10 (as per last closing price)
Net Profit/Loss since thread started : +1396.10 (1362.00+34.10)

Support : 5001
Resistance : 5089

Hold SHORT position with SL 5089. If trades above 5089, exit SHORT & go LONG with SL 5001.

Happy Trading.

Vinod

 

[nadodav]

Vinod,

I think their is a mistake is Profit/Loss statement

I think there is no mistake. pl let me know if you find anywhere in calculations.

Vinod

 

[nadodav]

NIFTY FUTURE For May 26,

Current position : SHORT (at 5052 on 22/05/2008)

Nifty Fut Closed at : 4941.80

Profit/Loss in current trade : +110.20 (as per last closing price)
Net Profit/Loss since thread started : +1472.20 (1362.00+110.20)

Support : 4934
Resistance : 5036

Hold SHORT position with SL 5036. If trades above 5036, exit SHORT & go LONG with SL 4934.

Happy Trading.

Vinod

 

[nadodav]

NIFTY FUTURE For May 27,

Current position : SHORT (at 5052 on 22/05/2008)

Nifty Fut Closed at : 4874.80

Profit/Loss in current trade : +177.20 (as per last closing price)
Net Profit/Loss since thread started : +1539.20 (1362.00+177.20)

Support : 4869
Resistance : 4961

Hold SHORT position with SL 4961. If trades above 4961, exit SHORT & go LONG with SL 4869.

Happy Trading.

Vinod

 

[nadodav]

NIFTY FUTURE For May 28,

Current position : SHORT (at 5052 on 22/05/2008)

Nifty Fut Closed at : 4842.35

Profit/Loss in current trade : +209.65 (as per last closing price)
Net Profit/Loss since thread started : +1571.65 (1362.00+209.65)

Support : 4825
Resistance : 4904

Hold SHORT position with SL 4904. If trades above 4904, exit SHORT & go LONG with SL 4825.

Happy Trading.

Vinod

 

[Smart_trade]

Any system which is not disclosed,one does not understand the basis of trades. We have so many expert and experienced nifty future traders. Any attempt to devise a fully disclosed mechanical daytrading system which will make 70-80 points in the month after deducting losses and brokerage ?

 

[milkyblack]

Any system which is not disclosed,one does not understand the basis of trades. We have so many expert and experienced nifty future traders. Any attempt to devise a fully disclosed mechanical daytrading system which will make 70-80 points in the month after deducting losses and brokerage ?

Why Intraday for 70 to 80 pts? Go by Mr. Vinod's system... on avg 250 +pts profit..

Brokerage slippage.... atleast 150pts a months... if followed properly

Regards

 

[nadodav]

NIFTY FUTURE For May 29,

Current position : LONG - June Contract (at 4895 on 28/05/2008)

Nifty Fut Closed at : 4917.50 (June)

Profit/Loss in current trade : +22.50 (as per last closing price)
Net Profit/Loss since thread started : +1532.50 (1510.00+22.50)

Support : 4865 (June)
Resistance : 4945 (June)

Hold LONG position with SL 4865. If trades below 4865, exit LONG & go SHORT with SL 4945.

Happy Trading.

Vinod