Options query
- Thread starter kartikeya
- Start date
I think you made the good choice, I see it reversing the pattern and following are my targets in short term (30-40 days)
108,111,114,116,120
but since you have just 15-16 days left for expiry you can look for exiting from it around 2.5 , 3 , 3.5 which I see it coming by diwali... Happy Diwali
EDIT: Chart that I am looking at , Triangle Breakout may be?
108,111,114,116,120
but since you have just 15-16 days left for expiry you can look for exiting from it around 2.5 , 3 , 3.5 which I see it coming by diwali... Happy Diwali
EDIT: Chart that I am looking at , Triangle Breakout may be?
Last edited:
Vikas, in my view, the box size that u are using is too small to catch a 10/15 days trend.
Generally, I prefer to see box size of 3 to 5% of price.. to monitor the action.
I has broken the prev column of XXX as 103 level. As per my reading, the next target could be the high of XXX column near 110.
The trend is down. as shown by downsloping 45 degree trendline.. So remeber, you are going against the trend, if u take the breakout. If that is what is strategy in its fine.
but such counter trend entries have limited profit potential and can get whipsawed at any moment cause wave from bigger TF is against you.
Happy Trading.
Generally, I prefer to see box size of 3 to 5% of price.. to monitor the action.
I has broken the prev column of XXX as 103 level. As per my reading, the next target could be the high of XXX column near 110.
The trend is down. as shown by downsloping 45 degree trendline.. So remeber, you are going against the trend, if u take the breakout. If that is what is strategy in its fine.
but such counter trend entries have limited profit potential and can get whipsawed at any moment cause wave from bigger TF is against you.
Happy Trading.
AW, I have made changes to the sheet to fix the recent bug which was not allowing Excel 2003 users to open the sheet... to my wonder either we all are UP TO DATE or people just avoided using the sheet and not reported it to me ... anyways I have updated it to automatically calculate 1% as box size and 3% as reversal size, if you want to change this default value you can go to code and change the values of constant in the TOP of macro.
I calculate the average price of the scrip in the given time frame and calculate the box & reversal in % of the average price
Please do let me know if that helps.
... anyways I have updated it to automatically calculate 1% as box size and 3% as reversal size, if you want to change this default value you can go to code and change the values of constant in the TOP of macro.I calculate the average price of the scrip in the given time frame and calculate the box & reversal in % of the average price
Please do let me know if that helps.
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