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Nifty Future Positional Swing Trading Calls
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Author Nifty Future Positional Swing Trading Calls
amitrajangulati
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Joined: 27 Jan 2009
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Post: #151   PostPosted: Thu Jan 21, 2010 9:29 am    Post subject: Reply with quote

Hi Hansraj,

As of 9:10am, Nifty was at 5200 which is higher than the Opening price of 5192. Will therefore short at 5192 keeping 5242 as the SAR.

Will also be keeping a watch on 5229. If we trade above that, then will revise the short level to 5229 keeping 5279 as the Stop loss.

Also, whenever convenient for you, if you could please explain in detail about the "2 bids" that you have mentioned in your post, that would be helpful. If you could please explain what bids you would have put for today's trade and more importantly the reason.

Hansraj, if I were to follow just the End of day system with feeding in the 50 point trigger price / limit price, then how would you take today's trade.

Reason for asking is because as of now, Nifty is above 5192 (Opening price). Therefore the trigger price for going short would be 5192. But, then there is always a chance that Nifty may take out 5192 on the downside and then later go above 5229 which is our EMA. Also, there are a lot of times when I do not have access to my computer.

Once again, thanks a lot for your help and support.

Regards,
Amit


Last edited by amitrajangulati on Thu Jan 21, 2010 2:54 pm; edited 1 time in total
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amitrajangulati
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Post: #152   PostPosted: Thu Jan 21, 2010 9:37 am    Post subject: Reply with quote

Now short at 5192 with 5242 as SAR ...
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amitrajangulati
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Post: #153   PostPosted: Thu Jan 21, 2010 3:20 pm    Post subject: Reply with quote

Hansraj Very Happy Very Happy Very Happy

Many thanks and eagerly awaiting your reply to my earlier post.
Did you also short at 5192 today?

Many thanks,
Amit
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satti201
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Joined: 03 Jul 2009
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Post: #154   PostPosted: Thu Jan 21, 2010 3:52 pm    Post subject: Summary Reply with quote

Hello All,

Can anyone please summarize the strategy in few points, as I am not that great to understand based on the discussions posted.

I am very happy to share that i have found a great place to learn great things.

Thanks once again to all.
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hansraj456
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Joined: 17 Nov 2009
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Post: #155   PostPosted: Thu Jan 21, 2010 5:54 pm    Post subject: Reply with quote

Hi

I am sorry I was out of town during trading hours and could not track the market. I will let u know levels for tomorrow and reply to querries later tonight or tomorrow Morning.

Thanks
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amitrajangulati
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Joined: 27 Jan 2009
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Post: #156   PostPosted: Thu Jan 21, 2010 7:28 pm    Post subject: Reply with quote

Hi Hansraj,

Following are my observations to avoid whipsaws to a certain extent:

1. If the daily difference between the 12 EMA is lesser than + / - 5, then we should skip the next signal and keep the same stop loss as per the previous day.

2. Suppose the 12 EMA is 5201.58, then we should short at 5200 (1 point lesser than 5201) and go long at 5202 (1 point greater than 5201).

By using the above method, our stop loss would be placed at 52 points instead of 50 points. This is negligible as it avoids being whipsawed.

The above testing has been done on data from 3-Nov-2009 till date. That's the data that I have. Please do refer to the attached excel sheet.

In my earlier post, I had requested you to suggest a system where we don't have to look at the opening price and the price at 9:10am due to non access to a computer. Here's a thought ...

Whenever the Nifty is near the 12 EMA, on the next day, if the Nifty is > 12 EMA at 9:10am, we go long and vice versa for short trades. Based on your experience, do you think this will work.

Awaiting your feedback and reply to my earlier queries.

Many thanks,
Amit



Hansraj SAR Method.xls
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hansraj456
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Post: #157   PostPosted: Thu Jan 21, 2010 7:44 pm    Post subject: Reply with quote

amitrajangulati wrote:
Hi Hansraj,

As of 9:10am, Nifty was at 5200 which is higher than the Opening price of 5192. Will therefore short at 5192 keeping 5242 as the SAR.

Will also be keeping a watch on 5229. If we trade above that, then will revise the short level to 5229 keeping 5279 as the Stop loss.

Also, whenever convenient for you, if you could please explain in detail about the "2 bids" that you have mentioned in your post, that would be helpful. If you could please explain what bids you would have put for today's trade and more importantly the reason.

Hansraj, if I were to follow just the End of day system with feeding in the 50 point trigger price / limit price, then how would you take today's trade.

Reason for asking is because as of now, Nifty is above 5192 (Opening price). Therefore the trigger price for going short would be 5192. But, then there is always a chance that Nifty may take out 5192 on the downside and then later go above 5229 which is our EMA. Also, there are a lot of times when I do not have access to my computer.

Once again, thanks a lot for your help and support.

Regards,
Amit


Hi Amit

I still think you have not understood the system and have read the rules very casually, I simply follow the rules even if i lose more than 100 points in a day. I place the bid as per rules in the morning and thereafter I forget what happened with the trade and only come to know in the evening the actual happening. For me it is very difficult to sit in front of the system and watching the price movements. I generally do not track the market, unless it is very necessary or I have to take position during trading hours, particularly for hedging strategy.

I also do not watch the system at 9.10am. I call the broker ask him the opening price and price at 9.10 and go ahead as per rules. Even today, I did not even know where prices are headed. I just came to know the fall around 3.10 pm through a phone call from broker.

Thanks


Last edited by hansraj456 on Thu Jan 21, 2010 8:06 pm; edited 1 time in total
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hansraj456
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Post: #158   PostPosted: Thu Jan 21, 2010 7:45 pm    Post subject: Re: Summary Reply with quote

satti201 wrote:
Hello All,

Can anyone please summarize the strategy in few points, as I am not that great to understand based on the discussions posted.

I am very happy to share that i have found a great place to learn great things.

Thanks once again to all.


You have to read the entire thread to understand the system as it cannot be summarised. Please try to read it in chronological order.

Thanks
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hansraj456
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Post: #159   PostPosted: Thu Jan 21, 2010 8:08 pm    Post subject: Reply with quote

amitrajangulati wrote:
Hi Hansraj,

Following are my observations to avoid whipsaws to a certain extent:

1. If the daily difference between the 12 EMA is lesser than + / - 5, then we should skip the next signal and keep the same stop loss as per the previous day.

2. Suppose the 12 EMA is 5201.58, then we should short at 5200 (1 point lesser than 5201) and go long at 5202 (1 point greater than 5201).

By using the above method, our stop loss would be placed at 52 points instead of 50 points. This is negligible as it avoids being whipsawed.

The above testing has been done on data from 3-Nov-2009 till date. That's the data that I have. Please do refer to the attached excel sheet.

In my earlier post, I had requested you to suggest a system where we don't have to look at the opening price and the price at 9:10am due to non access to a computer. Here's a thought ...

Whenever the Nifty is near the 12 EMA, on the next day, if the Nifty is > 12 EMA at 9:10am, we go long and vice versa for short trades. Based on your experience, do you think this will work.

Awaiting your feedback and reply to my earlier queries.

Many thanks,
Amit


We cannot skip the signal because no one can assess where nifty price will move, ok, if it goes then we always place 50 point stoploss in case of trigger happens. In the tight range market we have to lose few points but we have to remain with the trend/swing. If we wish to keep difference, we may or may not avoid few trades, but that's luck nothing else because 5 points whipsaw during the entire day does not make any difference. I would like to stick to the present rules.

Thanks
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hansraj456
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Post: #160   PostPosted: Thu Jan 21, 2010 8:12 pm    Post subject: Reply with quote

Hi All

Hope all the members have now gone Short between 5200 - 5185 in Nifty Future Swing trading as per rules. So following is the call for going long in Nifty Future.

Buy Nifty Future at 5207 on 22/01/2010. If Nifty Future triggers at 5207, then place stop loss 50 points below this level. The stop loss will be valid for 22/01/2010 only. The trigger price is 12 EMA on closing price of Nifty Future as on 21/01/2010.
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amitrajangulati
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Post: #161   PostPosted: Thu Jan 21, 2010 10:04 pm    Post subject: Reply with quote

Hi Hansraj,

When the Nifty is away from the 12 EMA, it's pretty simple on what needs to be done.

Guess, I am confused when the Nifty is close to the 12 EMA. Please look at it from my point of view. This is new to me, but I am making a sincere effort to understand the rules. I am not being able to understand the sequence of rules that one needs to follow.

If you could please let us know the following, it would be invaluable from a learning point of view:

1. What are the 2 bids that you placed today and the the reason
2. What price did you short sell and the reason for selling at that price
3. What is the sequence of rules that one needs to follow to place a trade when the Nifty is near the EMA level

Please do help, Hansraj

Thanks & regards,
Amit
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hansraj456
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Post: #162   PostPosted: Fri Jan 22, 2010 7:02 am    Post subject: Reply with quote

Hi Amit

Here are point-wise answers :

1. What are the 2 bids that you placed today and the the reason
Ans.: It is part of the rules and reason is given in the rules, Please read the entire thread and rules, I am telling u time and again, please read the rules given on previous most page.

2. What price did you short sell and the reason for selling at that price
Ans.: yesterday i sold at 5193. see after 10 mins the price was above the opening price, so i had to wait. Now what would have happened, from there it would have either gone up and above our 5229 trigger level or down. I place SL of 5193 as per rule i explained to you yesterday. And one more disclosure, I donot trade on my own but i have told the broker all the rules and he keeps on trading and telling me. He is doing samething for me since march last year.

3. What is the sequence of rules that one needs to follow to place a trade when the Nifty is near the EMA level.
Ans. I place only two trade bids with a difference of 10 points before opening, if that gets triggered then fine and place sl of 50 points away from the actual triggered price. Otherwise follow the rule as per answer given above.
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amitrajangulati
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Post: #163   PostPosted: Fri Jan 22, 2010 8:23 am    Post subject: Reply with quote

Hi Hansraj,

Thanks! The sequence is clear now.

One last clarification, please ...

You have been telling me time and again to read the rules, which I have done. I have not understood Rule No. 7 and that's the reason why I am also requesting you time and again for your help Embarassed

Rule 7 states that we have to place 2 bids ... 1 bid at the EMA level and the 2nd bid 10 points away from the EMA level. Sorry for sounding like an idiot, but does placing a bid mean placing a limit order?

For yesterday's trade, since Nifty was already below the EMA level:
1. Would you place a short limit order for 5219 (5229 - 10)
2. What is the limit order that you would place at the EMA level

Thanks a lot, Hansraj for your time and effort that you are taking to help others.

Am sending you a PM. Please do reply.

Thanks & regards,
Amit
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hansraj456
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Post: #164   PostPosted: Fri Jan 22, 2010 9:22 am    Post subject: Reply with quote

amitrajangulati wrote:
Hi Hansraj,

Thanks! The sequence is clear now.

One last clarification, please ...

You have been telling me time and again to read the rules, which I have done. I have not understood Rule No. 7 and that's the reason why I am also requesting you time and again for your help Embarassed

Rule 7 states that we have to place 2 bids ... 1 bid at the EMA level and the 2nd bid 10 points away from the EMA level. Sorry for sounding like an idiot, but does placing a bid mean placing a limit order?

For yesterday's trade, since Nifty was already below the EMA level:
1. Would you place a short limit order for 5219 (5229 - 10)
2. What is the limit order that you would place at the EMA level

Thanks a lot, Hansraj for your time and effort that you are taking to help others.

Am sending you a PM. Please do reply.

Thanks & regards,
Amit


Hi Amit

10 points system is not a limit order. You need to place two orders with 10 points difference. As the rule No.7 suggests in the beginning, please refer to the chart of last years trade and see the instances and how to overcome those instances, i devised this rule. It has nothing to do with limit order.

For Limit order i place 5 points difference. I have also explained this limit order difference earlier also in the same thread.

Thanks
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hansraj456
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Post: #165   PostPosted: Fri Jan 22, 2010 9:28 am    Post subject: Reply with quote

Hi All

Yesterday the markets have gone down due to panic selling and fresh shorts. I have been giving calls for stocks as also two future and option plans i.e. hedging strategy and swing trading in nifty future. For the last few days swing and hedging were facing whipsaws but stocks were doing very well. But yesterday, stocks fared losses and other two plans gave exhorbitent profits.

Few days back I started a new thread for portfolio management, I will be giving my suggestions how to club two or more plans in such a way that in either side of the market, we should overall get profits only. I will need your valuable suggestion on this plan.

Thanks
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