My Bank Nifty Option trades.

[checkmate7]

No more trades in this thread for today as we have already pocketted 1400 (nearly 3% for the day).

:thumb::thumb::thumb:

 

[varunkochhar]

And now donot say that we could profit in our trades because we got a good trend going today. Ha ha ha.

 

[varunkochhar]

Efectively 15% for the capital used (235*40= 9400)

 

[varunkochhar]

23300CE whose signal to go long came at 268/270 did a high of 497. I hope you guys are clear as to how to take a trade using OBV (bias and BO), price (channel) and LV bar concept.

 

[wisp]

23300CE whose signal to go long came at 268/270 did a high of 497. I hope you guys are clear as to how to take a trade using OBV (bias and BO), price (channel) and LV bar concept.

Would you have been stopped out anywhere enroute on the second trade especially between 10.30 and 12.45

Please confirm if these are the rules:
1) Bias is based on whether we are above or below PDC
2) Then we take outside channel above or below LV bar based on bias.

 

[varunkochhar]

See for yourself.

 

[wisp]

See for yourself.

Thanks a lot. How is SL trailed?

 

[varunkochhar]

Thanks a lot. How is SL trailed?

2 ways. Either making a lower low in price channel wrt the red line. Or secondly taking out the lower pivot just before the last LV bar.

 

[varunkochhar]

 

[varunkochhar]

Similarly the signal to go long in Nifty 9600 CE came at around 11:35 at around 84 with a SL of around 80. Got filled at 12:30 and made a high of 118 before closing at 101.