Day Trading Stocks & Futures

[ankur07090]

A Posible Expiry Day Trade Pattern !

1) Around 1:30 to 2:30 PM, Try to find a Higher highs or lower Lows pattern in 5m chart. And if a BIG candle trying to break-out of Swing high or Low, then a 100 pts away Option strike may get doubled.
.. Since the option price may be just blow 20, hence a 5 pts SL is enough !

2) Though ITM/ATM option strike give better results, BUT those who just want to try LUCK with a minimum premium loss - if trade go wrong, THEN for such traders, In BN, 100 pts away stike is OK.
And in N 50 pts away strike is OK.

3) Personally AVOID Expiry Day Option Trading !

Repeated Practice Makes Man / Woman Perfect !

Just for STUDY PURPOSE !

Is today also the same pattern in BN...

 

[tradermodified]

NDTV

in news

 

[tradehow]

yday bought 100 shares of Suzlon to test one of the setups. and in 2 days it is giving +14%

Brilliant catch, sir.
Sir, Please share the setup too for the post to be of any use to readers like me. Thank you.

 

[Nish]

You have a brilliant way to find trades sir. Can we trade like this every week sir?

Every EXPIRY week needs different approach. .. Only practice and experience tells what to do !

 

[Nish]

Is today also the same pattern in BN...

Not neccesarily !

 

[primitivetrader]

recently studied the book "the Taylor trading technique" by George Douglas Taylor. difficult read but excellent work.
anybody interested in short-term swing trading may look into his work. Linda Raschke's trading is also based on his methods .
https://www.amazon.com/Taylor-Tradi...3289&sprefix=the+taylor+tradin,aps,270&sr=8-1

 

[cinderblock]

I was at Kokilaben Hospital yesterday. There was an elderly person in the elevator in a wheelchair with breathing tubes attached to his nostrils.

But he was busy tracking the market on his mobile screen while others were jostling around him
#BossTrader

PS..I just read a couple of days back that Jhunjhun worked on his Bloomberg terminals while at the hospital..

 

[aaru]

I was at Kokilaben Hospital yesterday. There was an elderly person in the elevator in a wheelchair with breathing tubes attached to his nostrils.

But he was busy tracking the market on his mobile screen while others were jostling around him
#BossTrader

PS..I just read a couple of days back that Jhunjhun worked on his Bloomberg terminals while at the hospital..

Maybe even vice versa could be true ;P
anyway wishing a speedy recovery for our fellow brother

 

[Romeo1998]

Maybe even vice versa could be true ;P
anyway wishing a speedy recovery for our fellow brother

who is ill ?

 

[ankur07090]

Not neccesarily !

Please pardon since I am new to options. So it was for Expiry day (Thursday). But I am little bit confused at point no. 3 of the original post.