Karthik's OPTION Trading Strategy!

[umeshmandal]

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...

Oh my!! Dont know from where I got the idea that we are looking at previous days high and low! Extremely sorry !

 

[anup]

Hi Karthik and Everyone in TJ,

First of all happy ganesh chaturthi. I hope everyone will have a prosperous year ahead.

Karthik thanks for coming with another gem of a strategy, although we need to test this in real trading scenario.Keep up the good work

 

[pakatil]

Yday NF high 7919. Looking for 8000 CE at todays high. High at 10.20....
CE high 103.65, ordering at 104

 

[pakatil]

Long triggered. SL at 98

 

[pakatil]

Not sure posting in real time is permitted. From now on will post at EOD.

ST please remove these posts if it violates the forum rules.

 

[karthik_sri]

Thanks Pakatil for the initiative...even am not aware posting Real time is permitted or not...Moderator to confirm!

 

[chandrujimrc]

Dear Karthik,

I think today 8000 CE S/L hit,Am I correct?

 

[umeshmandal]

Yday NF high 7919. Looking for 8000 CE at todays high. High at 10.20....
CE high 103.65, ordering at 104

pakatil, Its not about Yday high. I was making the same error. Karthik explained that we take the high and low of the current day at 11 AM. We wait for a candle/bar to close above the High level till 11 AM and when a 5 min bar closes above 11AM high, we look at CE Nifty chart for strike price nearest to the HIGH and take a position on breach of the HIGH of the Call/CE !

 

[umeshmandal]

Dear Karthik,

I think today 8000 CE S/L hit,Am I correct?

A 5% Target was done ! I think the 11 AM high was breached at ~11:45 and the 8000 CE was trading at around ~100/- then and it went on to do a high of approx 109.
My fugures may vary as I dont have Option data chart.

 

[pakatil]

That is what i have done man. Todays high by 11.00 was 10.20. So I bot 8000 CE above 10.20 CE chart.

If only you were to read my post correctly........:lol: