NIFTY Futures Mechanical Trading

[Smart_trade]

Vinodji, Have you in any earlier messeges disclosed how the levels mentioned by you are calculated ?

 

[SGM]

Vinodji, Have you in any earlier messeges disclosed how the levels mentioned by you are calculated ?

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 ?

Hello Raju

Except for the method to calculate the S/R levels, vinod's system is quite elaborately documented in this thread. Do download the excel sheets vinod has provided.

If you are looking for similar method with a disclosed method for Sup / Res, check out Saint's new thread on 60Mins Flow.

btw, Physics was also my fav subject.

Regards
Sanjay

 

[eciarng]

Hello Vinod,

I have been following your system for last 3 weeks. But I am little confused by the trade for today. yesterday you had placed the SL for the SHORT trade at 4904.

But today you are mentioing the LONG position entered at 4895. Did I miss something?

Pl advise

Regards

 

[debdeeps]

Hello Vinod,

I have been following your system for last 3 weeks. But I am little confused by the trade for today. yesterday you had placed the SL for the SHORT trade at 4904.

But today you are mentioing the LONG position entered at 4895. Did I miss something?

Pl advise

Regards

If I have understood properly, yesterday the SL was for NF (May) and today Vinod has taken NF (June) that was trading at 4895 when NF (May) was at 4904 and for which he mentioned the SL. Hope this clarifies your doubt.

 

[nadodav]

NIFTY FUTURE For May 30,

Current position : SHORT (at 4865 on 29/05/2008)

Nifty Fut Closed at : 4858.65

Profit/Loss in current trade : +06.35 (as per last closing price)
Net Profit/Loss since thread started : +1486.35 (1480.00+06.35)

Support : 4813
Resistance : 4919

Hold SHORT position with SL 4919. If trades above 4919, exit SHORT & go LONG with SL 4813.

Happy Trading.

Vinod

 

[nadodav]

Hello Vinod,

I have been following your system for last 3 weeks. But I am little confused by the trade for today. yesterday you had placed the SL for the SHORT trade at 4904.

But today you are mentioing the LONG position entered at 4895. Did I miss something?

Pl advise

Regards

Yes. yesterday's SL was for may contract, while long position was taken yesterday in june contract. there were diff around 10-12 points between may & june contract.

Vinod

 

[praki73]

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

Dear Vinod,

Now I am new to this future market, as on 2.6.08 as suggested by you shall I go long in NIFTY @ 4895 June contract or at what level...Please suggest me, I am bit confused...

Prakash

 

[nadodav]

Dear Vinod,

Now I am new to this future market, as on 2.6.08 as suggested by you shall I go long in NIFTY @ 4895 June contract or at what level...Please suggest me, I am bit confused...

Prakash

Pl go through all the messages starting from one.. also download "Nifty Fut.xls" from my 1st message and study. even than if you have any doubt, pl let me know.


Vinod

 

[nadodav]

NIFTY FUTURE For June 2,

Current position : SHORT (at 4865 on 29/05/2008)

Nifty Fut Closed at : 4850.10

Profit/Loss in current trade : +14.90 (as per last closing price)
Net Profit/Loss since thread started : +1494.90 (1480.00+14.90)

Support : 4822
Resistance : 4898

Hold SHORT position with SL 4898. If trades above 4898, exit SHORT & go LONG with SL 4822.

Happy Trading.

Vinod

 

[sandeep721]

NIFTY FUTURE For May 30,

Current position : SHORT (at 4865 on 29/05/2008)

Nifty Fut Closed at : 4858.65

Profit/Loss in current trade : +06.35 (as per last closing price)
Net Profit/Loss since thread started : +1486.35 (1480.00+06.35)

Support : 4813
Resistance : 4919

Hold SHORT position with SL 4919. If trades above 4919, exit SHORT & go LONG with SL 4813.

Happy Trading.

Vinod

Dear Vinod

I think nifty futures did go above 4919 today. So shouldn't we have gone long.


Sandeep