General Trading Chat

[rahulmalik]

that was a furious snake :annoyed:

 

[systrader]

A possibility of further upmove in BNF

 

[timepass]

A possibility of further upmove in BNF

let's see.. looks like a bearish divergence coming up on 15 min..

 

[systrader]

let's see.. looks like a bearish divergence coming up on 15 min..

If there is a bearish divergence then may be after that

 

[Riskyman]

If there is a bearish divergence then may be after that

Expecting side ways now till close at these levels. :annoyed::annoyed:

PS: Century Tex was -3% 5 mins ago. Now +1.5%

 

[timepass]

If there is a bearish divergence then may be after that

No divergence on 2pm bar.. I guess there may be more upside then

 

[rahulmalik]

8700CE build up gets aggressive after the bull snake bite

 

[rahulmalik]

8700CE build up gets aggressive after the bull snake bite

would that mean, we will now make a lower low (today) ?

 

[Somatung]

Or a simple method, I read somewhere
Buy call and put of same strike at 9.30 and square off your position at 3.25 or early (if in good profit) as the case may be
This is perhaps called strangle option strategy, if I am right

You are wrong. But never mind, as most who have little idea about option strategy trading get confused with all those names. In this case you talk about a "Long Straddle":

http://www.theoptionsguide.com/long-straddle.aspx

To see the different here a "Long Strangle":

http://www.theoptionsguide.com/long-strangle.aspx

If you want to go deeper into the topic you can, if you want, read in my thread: http://www.traderji.com/options/66266-option-trading-danpickup.html#post639903

Take care / Dan

 

[DIVYEDIX]

for today looking at 8707 and 8674 as potential support area .... not into long term level prediction

but 8650 is a major s/r on daily

bulls eye :thumb::thumb::thumb:

from 8710 nf bounced back to 8733 later on from 8672 to 8730