trading futures on technical analysis with toocool

[toocool]

hi,
toolcool ji
i have started options trading in nifty ...in zerodha with a capital of 31000 .. after testing my method in live market for 3 months and back testing it for 2 years.... can you suggest me any other ...factors to be noted while trading in options

i hardly traded in options bro , you need to find an experienced options trader for advice , you will find many in this forum i suppose

 

[toocool]

Just came back from the movie "Gravity"

Awesome stuff :thumbup:

 

[XRAY27]

toocoolji,
your diary gives people like me a great sence of understanding the real picture of trading

can you tell we what is the technical analysis software you are using for trading...and posting the images ............ ji

 

[toocool]

Investbulls.com java charts and investbulls ib central feed for amibroker

Please don't call with ji included, toocool is enough

 

[toocool]

inspite of this post and its meaning , i have something new to share and contrary to this post at this moment

this is guppy ema's plotted on nifty monthly and as you can see , markets gone only once below ema's , in 2008 , the previous instances were just starting of the chart so i will not include them in my analysis .

a picture is worth a thousands of words .

just look at the space between the ema's , its almost even in recent times and markets gone 2 times(december 2011 and july 2013) to test those ema's and successfully bounced from there . the spaces between the ema's and there upward march has not been tampered yet , the elections are quite nearer than ever only 6-7 months away at max? and this is monthly chart , i do not think markets are going to go much down now , infact markets are poised to make new life time highs in coming months .

i am very strong believer of charts and only market sentiment driving the markets theory

at this point i do not even see 5700 being taken out easily , its a monthly chart so anything big change will not be reflected soon so we have to wait and see what happens next , i will be worried a bit only below 5700 now , otherwise i am a bull:thumb:

all bears beware , Andrews pitchfork is a good tool for longer term time frame , this market is going for new highs sooner than later ,very high probability.

the median line is the target which will keep getting up and up with every passing month , every month will be green or red but the median line will be met no matter what .

 

[toocool]

medium to long term players must buy syndicate bank immediately if they have funds ..............it looks to be have bottomed out .

i bought it today , interesting story , will tell later ...........but it must be bought ,if you want to buy psu banks

 

[toocool]

bought my sold nifty futures back at a bad price 6135, as after i bought market went to 6111 too , but what can be done , but still trend is looking up.

now 100% longs

 

[toocool]

medium to long term players must buy syndicate bank immediately if they have funds ..............it looks to be have bottomed out .

i bought it today , interesting story , will tell later ...........but it must be bought ,if you want to buy psu banks

even positional traders can buy with stop of 70 rupees

 

[toocool]

medium to long term players must buy syndicate bank immediately if they have funds ..............it looks to be have bottomed out .

i bought it today , interesting story , will tell later ...........but it must be bought ,if you want to buy psu banks

so the interesting part is that i had looked some charts on sunday of whole scrpis on my system and psu banks were looking like a good bargain as they are mostly down ,infact very very down as compared to their counterparts in private space , i was thinking i should buy some , and when at 2.50 pm i switched tv on mr Sudarshan Sukhani just told to buy syndicate bank as positional , so i immediately switched to my own syndicate bank chart again to see what is the scene there . i saw it very promising as it is very near to bottom rather than being anywhere near its previous highs .

i went to bought 1000 shares immediately but my zerodha terminal rejected order , i tried 2-3 times same thing , i called zerodha fast and after calling realised(on my own that i had to opt for cnc) that there is different method for buying in delivery in zerodha (cnc option) this all happened inside 4-5 minutes maybe less .

i tried the buying @76 when it rejected 2-3 times and then i called , and i came back and i saw it 2 rupees higher @78 in 3 minutes or something but i bought it, well i lost my 2 rupees .................just because i had forgot ,how to buy in delivery , and today its even 1.5 rs up :lol: what a blunder

 

[toocool]

double bottom and 61.8% on monthly charts should give good upside in coming months