Karthik's OPTION Trading Strategy!

[karthik_sri]

Today Let us see

Nifty

Nifty 7900 call

I hope this is right Entry points.

Today 7 points profit.

:thumb::thumb::thumb::thumb:

The High price as per your chart is broken on 12:19 pm candle. But please find below mine...it is broken on 11:55 am and the rest details in the Chart

Nifty F1 Intraday of 16.09.15

Nifty Call Option Strike Price 7900 Intraday 16.09.15

Exactly Rs.10/- per lot achieved with Rs.1000/- in profit

 

[ocil]

Karthik your chart from PI And zerodha PI has wrong data compare to nest.
Zerodha has to fix this issue. I have checked the data from nest /True data all are same only PI data is different and chart is also different.

 

[karthik_sri]

Karthik your chart from PI And zerodha PI has wrong data compare to nest.
Zerodha has to fix this issue. I have checked the data from nest /True data all are same only PI data is different and chart is also different.

Thanks...let me check with Zerodha...

 

[umeshmandal]

Request members to post chart where this strategy hit SL !!!
For me viewing the SL trades boosts the confidence in the Profiting trades!
I dont have option data or would have tried to do it.

 

[umeshmandal]

Do we trade this :
Market gaps down and opens below the previous days low. Market gradually goes up and a 5 minute candle closes above the previous days LOW, and thereafter it closes below, do we Buy a PUT?? OR we wait for the price to breach previous days high and closes above , we Buy a Call?

 

[XRAY27]

@karthik_sri

Bro !!! Below is your method that you have shared previously ...

http://www.traderji.com/technical-analysis/90669-karthiks-options-trading-strategy.html

I have see this and tested it is not giving optimal results...

This one also will not perform on basis of ORB of intra with EOD data for selection of strike price.. Why ??

There is no trend of HTF in this or your previous method of trading for options and that is a must for showing optimal results...

Since you are not trading this with real money i'm just giving a caution note..

Hope this help you in building a optimal system...

 

[karthik_sri]

Do we trade this :
Market gaps down and opens below the previous days low. Market gradually goes up and a 5 minute candle closes above the previous days LOW, and thereafter it closes below, do we Buy a PUT?? OR we wait for the price to breach previous days high and closes above , we Buy a Call?

We are considering in this set up only the High/Low range from 9.15am - 11am and the break candle of these time frame after 11am will decide the Option to take either Call or Put...Hope clarifies...

 

[karthik_sri]

@karthik_sri

Bro !!! Below is your method that you have shared previously ...

http://www.traderji.com/technical-analysis/90669-karthiks-options-trading-strategy.html

I have see this and tested it is not giving optimal results...

This one also will not perform on basis of ORB of intra with EOD data for selection of strike price.. Why ??

There is no trend of HTF in this or your previous method of trading for options and that is a must for showing optimal results...

Since you are not trading this with real money i'm just giving a caution note..

Hope this help you in building a optimal system...

Bro
The earlier strategy which I had posted has Indicators and this one as I said is purely based on price action.
Option performance price movement is based on price action and when come to performance the target which I have taken per trade is Rs.10/- and even if I say Rs.5/- per trade I think it is decent.
The EOD price which I have mentioned is to look for buying the Option strike price. We can even consider the strike price basis the High/Low price of the time range from 9.15 to 11am. I am not getting the HTF which you have mentined..
I will try to keep posting daily chart of NIFTY Options basis this method for next one month to see the Performance as you said for the benefit of everyone

 

[XRAY27]

Bro
The earlier strategy which I had posted has Indicators and this one as I said is purely based on price action.
Option performance price movement is based on price action and when come to performance the target which I have taken per trade is Rs.10/- and even if I say Rs.5/- per trade I think it is decent.
The EOD price which I have mentioned is to look for buying the Option strike price. We can even consider the strike price basis the High/Low price of the time range from 9.15 to 11am. I am not getting the HTF which you have mentined..
I will try to keep posting daily chart of NIFTY Options basis this method for next one month to see the Performance as you said for the benefit of everyone

Good decision !!! Karthik... looking forward for this setup... between "HTF= Higher time frame "..

 

[karthik_sri]

Karthik your chart from PI And zerodha PI has wrong data compare to nest.
Zerodha has to fix this issue. I have checked the data from nest /True data all are same only PI data is different and chart is also different.

Ocil, Yes the Zerodha PI chart data is wrong...already have posted my query in Zerodha Thread in TJ form...

In this case we will hit with SL as we buy @ 125.80 with a target of 135.80 and SL 118.10 The price didnt went upto 135.80 and SL hit with a loss of Rs.770/- Umesh your first trade for SL hit request