There was Bearish Engulf setup on 5th Sep day closing. Although, this was not convincing for the trade, as the market was consolidating in a range. The ideal setup would have been if there were 3 candles below the 4th Sep candle.
1 trade was taken today as per podcast levels. The OI data was positive and also the 4 departments clearly showed "Bullish Signs". Note: - Since today was expiry of NIFTY, so credit spread would've rewarded the long holding time before the big move happened.
Only 1 trade was taken. The trade was based on podcast levels with CE side. The OI data was slightly positive and also 3 departments were "Bullish" from 4 departments of Option Chain. The risk to reward was 0.66 which qualifies the min. required risk to reward for the podcast setup.
Two trades were taken today. 1st trade was on OI line entry on 5min timeframe. It was taken with Credit Spread, because I was expecting the market to be sideways and also take advantage of decay in premium prices. 2nd trade was on Podcast levels, again with Credit Spread to take advantage of decay in premium prices. Notes: - Credit Spread works when market is...
Today, I had taken only 1 trade. The trade was taken as per podcast levels, although data was negative and 3 out of 4 OI departments were negative, so PE side was taken with 50% risk using Credit Spread Strategy of same expiry strikes.
Took two trades today. 1st trade was taken with 50% risk which means instead of max loss of 1000, I took only 1 lot with 500 risk. The 50% risk was taken because OI data was completely positive and 4 departments were "Bullish". 2nd trade was taken with maximum conviction as the data was positive and 4 departments were "Bullish", but looks like Bank Nifty had...
Again on NIFTY, took only 1 trade with Gap up/down strategy. 1:1 target achieved right away in the second candle itself. Notes: - Closed early due to peer pressure of reaching or closing the targets. Next time, will mute all groups or channels to focus on the trade itself. - There was another entry based on podcast strategy, but neither it hit the target nor it...
Today, took only 1 trade on long side. There were another trades which came on short side (PE), but the OI data was positive and 2 departments of OI also showed "Bullish" status, so avoided the trades. Notes: - In the podcast strategy, without data the position can be taken but with 50% risk -- Risk option #1 - If you're maximum loss is 1000 for 2 lots, then go...
Total three trades were taken . 1st trade was taken on 5minute timeframe when the candle reverses from the OI line and closed with 1:1 Target 2nd trade was taken on Podcast Setup , closed the trade with stoploss. Although the OI data was positive, but the 4 department was neutral, where 2 department was showing Bullish and 2 department was showing bearish. ...
Two trades were taken today. 1st trade was on Gap up/down strategy, here the profit was booked early due to thick line which is the OI line 51000, where there was early rejection and strong resistance from the Call Side. 2nd trade was purely based on Podcast levels with Data positive and 4 department of OI being positive, still the Bank Nifty moved in the...
Total 2 trades were taken today. 1st trade was based on Gapup/down strategy with R:R of 1. Although the outcome wasn't in the trade's favor, so closed along with the second trade. 2nd trade was on Podcast levels, the OI data was negative and there was huge Call writer on 28500 CE side, so took the trade with R:R of 1. Closed the trade with profit of only 3...
Altogether, three trades setup were there today for NIFTY, But I was able to take only the first two. Notes: - The third trade was highly risky, as the OI Data was just positive in small numbers, and on the other side BANK NIFTY OI Data was negative. - Today should've opted for Credit Spread/Debit Spread on the second trade, as there was theta decay in the...
Totally two trades taken. First was based on Gap Up/Down Strategy, it didn't hit the 1:1 target, however I noticed another podcast trade and entered with the same PE and closed both the trades. Notes: - Since today was expiry of BankNifty, if Credit Spread was taken on the first trade itself, the profits would've been achieved even if it didn't the 1:1...
Based on Gap up strategy and Podcast strategy combined, took 1 trade on NIFTY.
Three trades taken today on Bank Nifty based on Podcast Strategy.
Missed the first trade, so took 2nd trade with credit spread and closed with minimal loss.
2 trades taken. 1st trade closed with 1:1 risk reward 2nd trade closed minimal loss