Karthiks Options Trading Strategy

[Purushotham]

Dear Purushottam, i'm noticiing that most of the time, u r entering post lunch.......any specific reason??

No specific reason, I am looking for all the conditions specified by karthik Sri to met before enter the trade,

 

[karthik_sri]

I have attached today's NIFTY 6300 CE Intraday chart. I have circled a candle in Yellow color with CC reading > -50 and price or candle close below Low of 5WMA candle What does it say?

http://i.imgur.com/udQSV6d.png

 

[VJAY]

I have attached today's NIFTY 6300 CE Intraday chart. I have circled a candle in Yellow color with CC reading > -50 and price or candle close below Low of 5WMA candle What does it say?

http://i.imgur.com/udQSV6d.png

is it we don't need to short options .....@ same time bar given PE trig bar....

 

[karthik_sri]

is it we don't need to short options .....@ same time bar given PE trig bar....

Yes ur right....see the replica in 6300 PE exactly the same time we got buy triger...Facinating Option!

This way we could track both in one chart! This is what I wanted to communicate!

 

[manjunnovates]

If this strategy is working in options then can we take position in futures if call get triggered in options?

One can do it. Its like this, lets say spot chart gives buy, there is comparatively less probability that the option will move as much as spot as there can be a weak upmove in a sideways market as there is timevalue involved. Where as if the OPTION itself has given a BUY, one can buy spot or future.

 

[Abhi1284]

Dear karthik Sir,

i am not afl expert but try to learn & i think this afl should be usefull for all traderji afl lovers

_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();

_SECTION_BEGIN("WMA");
P = ParamField("Price field",-1);
Periods = Param("Periods", 15, 2, 300, 1, 10 );
Plot( WMA( h, 5 ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") );
_SECTION_END();

_SECTION_BEGIN("WMA1");
P = ParamField("Price field",-1);
Periods = Param("Periods", 15, 2, 300, 1, 10 );
Plot( WMA( L, 5 ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") );
_SECTION_END();


a=WMA(H,5);
b=WMA(L,5);

Buy=C>a AND CCI(14)>50 AND L>b;
Sell=C<b AND CCI(14)<-50 AND H<a;
Buy = ExRem(Buy, Sell);
Sell = ExRem(Sell,Buy);
Short=Sell;
Cover=Buy;
Buyt=ValueWhen(Buy,H,1);
Sellt=ValueWhen(Sell,L,1);
Buytt=Cross(H,Buyt);
selltt=Cross(Sellt,L);
GraphXSpace = 5;
dist = 1*ATR(5);
for( i = 0; i < BarCount; i++ )
{if( Buytt ) PlotText( "Buy Triger", i, L[ i ]-dist, colorGreen );
if( Selltt ) PlotText( "Sell Triger", i, H[ i ]+dist,colorRed);
}
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorGreen, 0,L, Offset=-10);
PlotShapes(IIf(Sell, shapeDownArrow, shapeNone),colorRed, 0,H, Offset=-10);

PlotShapes(IIf(Buytt, shapeUpTriangle, shapeNone),colorGreen, 0,L, Offset=-10);
PlotShapes(IIf(Selltt, shapeDownTriangle, shapeNone),colorRed, 0,H, Offset=-10);


Abhishek

 

[VJAY]

Dear karthik Sir,

i am not afl expert but try to learn & i think this afl should be usefull for all traderji afl lovers

_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();

_SECTION_BEGIN("WMA");
P = ParamField("Price field",-1);
Periods = Param("Periods", 15, 2, 300, 1, 10 );
Plot( WMA( h, 5 ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") );
_SECTION_END();

_SECTION_BEGIN("WMA1");
P = ParamField("Price field",-1);
Periods = Param("Periods", 15, 2, 300, 1, 10 );
Plot( WMA( L, 5 ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") );
_SECTION_END();


a=WMA(H,5);
b=WMA(L,5);

Buy=C>a AND CCI(14)>50 AND L>b;
Sell=C<b AND CCI(14)<-50 AND H<a;
Buy = ExRem(Buy, Sell);
Sell = ExRem(Sell,Buy);
Short=Sell;
Cover=Buy;
Buyt=ValueWhen(Buy,H,1);
Sellt=ValueWhen(Sell,L,1);
Buytt=Cross(H,Buyt);
selltt=Cross(Sellt,L);
GraphXSpace = 5;
dist = 1*ATR(5);
for( i = 0; i < BarCount; i++ )
{if( Buytt ) PlotText( "Buy Triger", i, L[ i ]-dist, colorGreen );
if( Selltt ) PlotText( "Sell Triger", i, H[ i ]+dist,colorRed);
}
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorGreen, 0,L, Offset=-10);
PlotShapes(IIf(Sell, shapeDownArrow, shapeNone),colorRed, 0,H, Offset=-10);

PlotShapes(IIf(Buytt, shapeUpTriangle, shapeNone),colorGreen, 0,L, Offset=-10);
PlotShapes(IIf(Selltt, shapeDownTriangle, shapeNone),colorRed, 0,H, Offset=-10);


Abhishek

Thanks abhi........but i think some minor fault in it....see image ...

 

[Purushotham]

6200 pe triggered

 

[Abhi1284]

Thanks abhi........but i think some minor fault in it....see image ...

ya i know but i m not able to repair this

 

[pakatil]

6100 PE triggered......Entry 69, Tgt 75, SL 64.......