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Nifty Future Positional Swing Trading Calls |
cbosein
White Belt
Joined: 02 Oct 2009
Posts: 39
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Post: #16  Posted: Sat Dec 26, 2009 3:45 pm Post subject: |
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Hi Hansraj,
Great & extended your knowledge to others. Keep it up & my wishes to you for ever.
Regards,
Bose
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hansraj456
White Belt
Joined: 17 Nov 2009
Posts: 370
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| Post: #17 Posted: Sat Dec 26, 2009 3:57 pm Post subject: |
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Hi chandrujimrc
Well caught sir. I am holding the long position but due to typing mistake 'Sell' at Sr. No. 57 was printed. Now uploaded the file after correcting the mistake. Now it indicate Buy (Hold) for 24/12/2009. But the next trigger price after close of market comes to 5074. So please bid this figure for creating nifty short position.
Thank you very much for catching the mistake. I will also take more care while indicating the data.
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hansraj456
White Belt
Joined: 17 Nov 2009
Posts: 370
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| Post: #18 Posted: Sat Dec 26, 2009 4:10 pm Post subject: |
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Hi cbosein, sandew
Thanks for your comments. Sandew, can you please wait for few days for disclosure. My first priority is to educate people this system of trade, although, it is very simple. I will disclose at a later date, but after disclosure, you will realise that such a small idea, most of the people already knowing, could not test for trade. Actually, important here is not the way how the figure is reached, but to be invested in nifty either short or long and catch nifty actual swing with creating a tail swing and catching nifty price.
Thanks
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #19 Posted: Sat Dec 26, 2009 7:20 pm Post subject: Nifty Future positional swing trading calls |
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Hi Hansraj, 
Really we are lucky for having some peoples like you in this forum.I need one clarification,why dont you lock your profit [when profit is more than 100 pts]by trailing s/l till we getting other side trigger price.
Ravi
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hansraj456
White Belt
Joined: 17 Nov 2009
Posts: 370
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| Post: #20 Posted: Sat Dec 26, 2009 8:26 pm Post subject: |
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Hi chandrujimrc
Because when I first invested, I reversed my position after profit of 911 points. No one knows where nifty is headed from a particular level. We are changing our position as per changing position in nifty levels. If I book profit with trailing SL some times it may work but not always. My idea is keep away from tick-by-tick nifty prices because such atmosphere invites traders to take action as then it seems that nifty will move where we may be thinking. But most of the time it does not happen and later we may find ourselves on the other side of the road. However, I will test your suggestion on paper and will let you know my findings after few days. However, I am attaching one year chart of nifty movement price and my trigger price (I call it tail of nifty), the blue line denotes nifty price and red line denotes tail (trigger) price.
The table indicating trades during last one year shows prices when the tail price triggered with the nifty price. It does not show various movements between two trigger prices. You can judge this by seeing the chart and also when actually we will be trading from 29 Dec. 2009. If you want to wait and watch, you must do so as before investing hard earned money, everyone has right to first judge the system and then trade, if he/she like it.
If you find my this answer incomplete, kindly explain your question with few examples.
Thanks
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venkchandra
White Belt
Joined: 19 Feb 2007
Posts: 14
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| Post: #21 Posted: Sun Dec 27, 2009 5:50 am Post subject: |
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| hansraj456 wrote: | Main Rules for Trading in Nifty Future Position Swing System
1. Always control your emotions. Never allow panic, greed and fear control your mind.
2. Never believe on news, believe on you way of investment. Avoid trading on the basis of open news.
3. When you are investing in this Nifty Future swing trading, DON'T MIX UP the trades of this plan with my other plan 'Future & Option Hedging Strategy'. Both have different sanctity, you may be long in Nifty Future in one plan but you may have short position in other plan.
4. So far as possible, trade in different plans in your different trading accounts. as it helps in keeping an eye on different positions as a particular time. I trade through off-line accounts by calling my broker to place trades on my behalf and I have different trading accounts for different strategies. I avoid to sit at broker's place during trading hours as frequently watching prices and atmosphere there also sometime instigates to take position, which may later prove to be wrong.
5. Now let's come to the point. As per my previous trading chart uploaded here, I am long in nifty since 23.12.2009 from the level 5034. I will hold this position till I decide to go short. I will be giving one figure for nifty future where I will short Nifty. For example, I am long in Nifty Future from 5034 with 1 Lot (50 Points), and my figure to go short on next trading day is 5074. If this level comes on next trading day (29.12.2009) I will go short with 2 Lots i.e. one for exiting the long position made earlier and other lot for making fresh short position in Nifty. Suppose nifty future does not trigger 5074 level, nothing will happen and my Nifty Long position will continue. Then after close of the market on 29.12.2009, another figure will be decided, which will surely be different from 5074 level and will be higher from this level. Again on 30.12.2009, if that new figure does not trigger, again I will hold the long position. That trigger may happen on next day or it may not happen for months. I have experienced both situations during last year (see my trades for last year).
6. So the summary is, you will always be either short or long in nifty. As I am already long in nifty as per this plan, next move will be to go short in nifty future. We will go short on 29.12.2009 at 5074 level, if that level comes, otherwise nothing will happen. We will place trigger price in our trading account on daily basis on a particular price point decided on daily basis on previous days closing and taking into account various other components of calculation. The trigger price point will keep on changing till nifty future price and that trigger point meet during any trading day. When they strike, only then we will go short in nifty future, otherwise, we will wait. Only Nifty future movement and price decided by us will decide where and when they meet and trade is effected. I will keep on giving that trigger price to go short till it is triggered, the day it's triggered, nifty may move in opposite direction, but that's not sure. There may be a chance that it trigger that point and again move up instead of coming down. On that day, no action will be required, next move will be decided after the close of the market and a new trigger point will be decided to go long. If that point triggers next day, we will automatically be in long position. We will keep on putting trigger points on daily basis in our trading account and will let the nifty decided what it wants to do.
7. If you see my last trading chart, there are few occasions, where I had to book loss due to gap ups or down or misbehavour of nifty around the trigger prices. There have been two types of occasions, one where I have bought or sold nifty 10 points away from the trigger prices. That happened as I used to place two trigger points in the system, even before opening of the market. For example, if I have to go long in nifty future, I place one bid for trigger price and another bid 10 points above that trigger price. If I have to go short in nifty future, I place one bid for trigger price and another bid 10 points lower than that trigger price. Out of 57 trades occurred, during last year, on 5 occasions, nifty triggered 10 points up or down from the actual trigger price. On second type of occasion, I had to decide during the market hours what to do and in such cases I booked loss of 63 points to 158 points in a day on different occasions. To over come such situation, I have carved out one another policy, but that policy is yet to be actually tested. From last few months, when my trade triggers, I am placing stop loss of 50 points above (if short) or below (if long) in the system. But that's yet to trigger as I am placing such stop losses since October. During the last year, on 6 occasions, such incident happened and I had to book loss of 590 points during the year. Now I have studied such situations very carefully and I believe that if 50 point stop loss (of course for two lots) is placed in the system as explained above, the loss can be minimised substantially.
8. Expected target for one year is around 1000 points, if we get more than that, that's just bonus, but 1000 points can be gained as per my previous experience and actual trades. Trading in Nifty future without any cushion is a risky game and risk is involved in this plan. You have to be prepared for initial losses, but when you will fully established with the swing of nifty prices, you will start getting actual profits. This plan is for one year, you have to be invested in this system for full year to reap the actual benefits. I expect you should not be panicked by seeing initial losses. As per my experience, initial losses are bound to come, but will be automatically covered by strategy itself. Whatever initial points we may lose, will come back as we will be either being short or long in nifty. We have to abide by all the rules indicated above in a very strict manner.
9. For one lot of nifty you need margin of around Rs.25000/-, it may differ from broker to broker, some are charging 23000 and others charging around 28000. So average brokers are charging aproximately Rs.25000/- on current nifty future levels. For one lot total capital is required around 35000 to 40000 (25000 for margin and remaining 10000 to 15000 mark to market cushion). During last year, on one occasion mark to margin cushion upto Rs.8000 was required to be used on my trades. After you get profit of around 200 to 250 points from the first investment, you can withdraw the additional money kept for mark to market cushion.
10. My suggestion is to start with miminum number of lots of nifty, even small traders can start with mini-nifty (20 points nifty). Only after they get acquainted with this system, they can increase the number of lots. Another suggestion - if want to increase number or lots, never indulge to start in-between but start placing bids for additional number of lots, and get invested only if price triggers otherwise, don't get indicted on the wrong side in between.
11. After a few weeks, I will also let you know how I reach that particular trigger point and after that you will be doing it on your own. First of all just get acquainted with the system and practice trading in nifty future in this way.
12. Don't compare this system with my other option and future hedging system. You should use both the systems simultaneously. if you want to stick to one system only, prefer option and future hedging system. If you capital does not permit that much, then use this system. After gaining sufficient profits, you should try to be invested in both the system as for longer period of time, both work as cushion for each other and ultimately, will result in more profits. As much as you invest in this way, you will get to know how these both work together.
12. So on next trading day i.e. 29 December 2009, place bid for nifty short at 5074. If that triggers or does not trigger, next trigger point will be decided on close of market on 29 December 2009 and will definitely be given before open of the market on 30 December 2009 and so on.
14. Please submit your querries on this system of trading in nifty future. I will try to give detailed answers to all the questions and doubts.
Thanks |
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hansraj456
White Belt
Joined: 17 Nov 2009
Posts: 370
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| Post: #22 Posted: Sun Dec 27, 2009 7:12 am Post subject: |
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Hi venkchandra
I need comments on this plan rather than copy-paste the posts given here.
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suprithvi
White Belt
Joined: 06 Apr 2007
Posts: 16
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| Post: #23 Posted: Sun Dec 27, 2009 8:48 am Post subject: |
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| hi hansraj sir, how to take positions on contract closing day.For eg.we have short position in nifty for dec contract and on closing day the trigger price to be taken is jan future price.correct?
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serenshri
White Belt
Joined: 08 Jun 2009
Posts: 23
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| Post: #24 Posted: Sun Dec 27, 2009 12:09 pm Post subject: |
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Hi Hansraj
Good research and simple logic, is it something related with S3, R3 of pivot levels
If so , it happens sometimes that R3, S3 bounce on same day is about 50 points trigerring our SL, particularlly during end stages of Bear or Bull Market or euphotic bear/bull sentiments
Regards
Sridhar
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hansraj456
White Belt
Joined: 17 Nov 2009
Posts: 370
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| Post: #25 Posted: Sun Dec 27, 2009 2:33 pm Post subject: |
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Hi suprithvi
You are right, we have to take position of Jan contract. On 29 dec to 31 dec place bids for Jan contract as only 3 trading days remain for dec. contract and we have to place bids to short nifty. If we would have to place bids for nifty long, I would have preferred dec contract for placing bids on 29 & 30 dec. and Jan contract on 31 Dec. But now it is clear that we have to short nifty at 5074, so place bids for Jan contract only during next three trading days. If that level triggers, then from next day we will place bids for nifty long and that also will be for Jan 2010 contract.
Hi serenshri
It has nothing to do with resistence or support. Yeah, if 50 point away SL triggers, we can be saved to take wrong position. To save us from the reversal from end of bear/bull market, SL of 50 points away is good strategy. I have adopted this strategy taking into account previous experience and reversal of nifty on intraday basis various times and whenever intraday reversal happens, it considered to be more stronger than the reversal at opening or closing basis. I will definitely disclose the simple method of calculating the level for placing bids. Can you please wait for few days. Let first people start trading under this plan.
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venkchandra
White Belt
Joined: 19 Feb 2007
Posts: 14
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| Post: #26 Posted: Sun Dec 27, 2009 2:52 pm Post subject: |
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Hi, Hansraj,
Sorry, I do not know what happened, my massage did not get displayed.
Thanks for your technical inputs which you have given time to time. This is helpful to us.
Keep posting,
regards
Venkatesh
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hansraj456
White Belt
Joined: 17 Nov 2009
Posts: 370
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| Post: #27 Posted: Sun Dec 27, 2009 3:03 pm Post subject: |
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Hi venk
No problem. Thanks for your comments. Kindly indicate what message you had.
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venkchandra
White Belt
Joined: 19 Feb 2007
Posts: 14
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| Post: #28 Posted: Sun Dec 27, 2009 5:12 pm Post subject: |
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Hi Hansraj,
I would like to ask few questions to increase my knowlege on trading and confidence.
1> How you decide that maket will down if reach ceratin point like 5074 in near future case. How you arrive with that magic figure. any rule, calculation if there, please share so that we can also learn abot this.
2) What is the criteria for confirmation. I mean is it necesay to hold the market 5074 below for certain time. In few cases , maket go down to that point and then turn. I am confidence in your case it may not be there but in few experts gives some figure as stop loss and majority case it gets trigger and market turns back.
3) Do you know any trading platform in India which have facility of stop buy ( means if market go to that point then only order gets triggered and not below that point. )
4) Which are indicators are useful to decide get entry and exist points either in intraday or swing or postion trading.
regards
Venkatesh
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kripalsinh8888
White Belt
Joined: 02 Sep 2009
Posts: 13
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| Post: #29 Posted: Sun Dec 27, 2009 7:29 pm Post subject: Fantastic >>>>> |
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Hi , Hansraj >>>>>>>>.
The Strategy which u have explained is absolutely clear......no doubts........n the chart is also clearly understood with ur strategy..........
We hope to take a position using ur strategy for complete one year............
Thank u very much friend ,
We r happy to have a Geniune person like u  >>>>>>>
With Regardz,
Kripalsinh
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vijayakannan
White Belt
Joined: 10 Aug 2009
Posts: 15
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| Post: #30 Posted: Sun Dec 27, 2009 8:54 pm Post subject: |
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hi hans
it looks like u are following EOD 15EMA crossover as signal. i am just guessing.
keep up ur good work
vijay
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