This is my first thread in this forum.iam a beginner in this market with just three months experience. After loosing 80% of capital, i started using stochastics, which recovered almost 100% of my capital in the past ten days trading in options.here we go how i did it.....
I trade with min1 and min5 charts with double stochastics.
Min1..stoch-5,3,3 (blue line)and 20,10,10 (yellow line) in the same window.
Min5...stoch-5,3,3.
When 20,10,10 of min1 and 5,3,3 of min5 are in the overbought or oversold areas, get ready for trade...when 5,3,3 of min1 comes to the same location, and all of these three starts moving in same direction by crossing the dotted lines,i enter the trade in that direction. When 20,10,10 of min1 and 5,3,3 of min5 reach the opposite direction i exit my trade.
Iam risking only 15000 to my maximum. My options will be in the range of 15 rs to 30rs and i will take the trade not more than third strike price. If nifty is in between 5400 to 5500 my options are limited from 5100 to 5800. Moreover i will take 10 to 20 lots based on the price and will exit at one rupee profit which ranges from 500 to 2000 in each trade.
Approximately we can get 4 to 6 trades daily. No greed no fear just one rupee iam earning 2000 per day and after 15th of each month we can get more as the option price reduces we can enter nearest out of money options in less price and more lots. Just wait wait and wait till all the stochastics are giving proper signals, enter the trade and immediately place sell order for one rupee profit and exit the trade within 10 minutes to maximum 30 minutes. Then wait again for next trade.
Again and again no greed no fear just wait and watch even the market rallies or collapses i never take the trade unless my indicators tell me.
For the past 10 days i did 26 continuous profitable trades out of which 25 trades are call options in the bearish market.
http://img855.imageshack.us/img855/8953/niftymayo5.png
I trade with min1 and min5 charts with double stochastics.
Min1..stoch-5,3,3 (blue line)and 20,10,10 (yellow line) in the same window.
Min5...stoch-5,3,3.
When 20,10,10 of min1 and 5,3,3 of min5 are in the overbought or oversold areas, get ready for trade...when 5,3,3 of min1 comes to the same location, and all of these three starts moving in same direction by crossing the dotted lines,i enter the trade in that direction. When 20,10,10 of min1 and 5,3,3 of min5 reach the opposite direction i exit my trade.
Iam risking only 15000 to my maximum. My options will be in the range of 15 rs to 30rs and i will take the trade not more than third strike price. If nifty is in between 5400 to 5500 my options are limited from 5100 to 5800. Moreover i will take 10 to 20 lots based on the price and will exit at one rupee profit which ranges from 500 to 2000 in each trade.
Approximately we can get 4 to 6 trades daily. No greed no fear just one rupee iam earning 2000 per day and after 15th of each month we can get more as the option price reduces we can enter nearest out of money options in less price and more lots. Just wait wait and wait till all the stochastics are giving proper signals, enter the trade and immediately place sell order for one rupee profit and exit the trade within 10 minutes to maximum 30 minutes. Then wait again for next trade.
Again and again no greed no fear just wait and watch even the market rallies or collapses i never take the trade unless my indicators tell me.
For the past 10 days i did 26 continuous profitable trades out of which 25 trades are call options in the bearish market.
http://img855.imageshack.us/img855/8953/niftymayo5.png
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