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Old 28-07-2009, 12:45 PM
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Arrow Trading Nifty!

Hi ! starting this new thread to trade nifty on the positional basis. since i have an opinion about the market direction 80% of the times, it is likely that i will be keeping a position open in the markets most of the time.

The strategy to trade will be very simple. i will trade using only 2 positions of equal size, will call them lots. using 2 lots will let us take advantage of the short term false moves.

Profit loss calculation in different scenario's:

1.Now suppose if we go long with 1 lot @ 4500 and sell it @ 4700, it's a clear profit of 200 pts

2. if we go long with 1 lot @ 4500 and the market goes to 4300, it's time to take advantage of the strategy and i will go long 2nd lot @ 4300. now if i get 4500 on nifty and i sell both lots @ 4500, i will call it a 200 pts profit where 1 lot was bought and sold at same price so no P/L and other lot earned us profit of 200 pts.

3. if we go long both lots @ 4500 and are able to sell @ 4700. that becomes a profit of 400 pts and if we go long both lots @ 4500 and sell at @ 4300, it becomes a loss of 200 multiply by 2 = 400 pts.

so it means that though we are trading a single instrument, but we are trading using two individual positions of equal size.

Since i track spot nifty, will post the buy and sell prices for nifty spot.

In and out's will be decided at the moment so i will not be using any stop losses for the trades. the trades will not be based on any particular system, but my skills of reading candlesticks.

since i will be taking positions based on the formations on daily and weelky chart ( combining these two will help us know both immediate and short term trend ), i expect the hit rate to be very good.

I will update the net profit or loss after closing a particular position and will not post M2M at each day closing level.

that's pretty much it... let's start

and plz remember, my analysis can fail anyday
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Old 28-07-2009, 01:09 PM
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Opening first trade

Long 1 lot @ 4540
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Old 28-07-2009, 01:33 PM
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i expect the hit rate to be very good.

And your bank account would be pretty fat too. !!

Good luck
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Old 29-07-2009, 10:42 PM
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Old 31-07-2009, 11:24 PM
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Originally Posted by the tape View Post
Opening first trade

Long 1 lot @ 4540

CMP is 4636. will add 2nd lot at about 100 pts up to maintain a 100 pts premium on both lots to play a little safe.
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Old 05-08-2009, 11:13 PM
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investigate

Buckle up guys ! 3 crows are here :attention:

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Old 05-08-2009, 11:35 PM
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My god I was just gonna post the same remembering you but 3 white soldier, right... crows are blackies
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Old 05-08-2009, 11:41 PM
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Originally Posted by Zoro View Post
My god I was just gonna post the same remembering you but 3 white soldier, right... crows are blackies

oh yeah.... black or white ka hosh hi kahan reh gaya sirji, sirf green aur red hi dikhta hai neend mein bhi
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Old 05-08-2009, 11:43 PM
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Originally Posted by the tape View Post
oh yeah.... black or white ka hosh hi kahan reh gaya sirji, sirf green aur red hi dikhta hai neend mein bhi

oye tu neend mein aur kya kya dekhta hai...
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Old 05-08-2009, 11:44 PM
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Originally Posted by devdas View Post
oye tu neend mein aur kya kya dekhta hai...

Tere parr kaatne padege aaj kal me... bahut jump kar raha hai ither uther
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