My System - My trades.

[varunkochhar]

Hmp ji the choice of option strike price is determined by your risk appetite. But after you choose the strike price, your entry is based on either the spreadline being above 200EMA and also most importantly you should be in trade only till the underlying is above 200EMA in price and OBV. (You may use a 15min chart for this if you are buying options for the whole expiry so it is to treated as positional play).
We also have weekly expiries in BANK NIFTY and i only trade them, only weekly no monthly for me.
If i am having a large open position then only i use hedging otherwise i let them be. Also i might use hedging in case of an important overnight event which might impact the markets.
Intraday i buy and sell the same strike price options based on the signal of my spreadline, but only accumulate the higher strike price options as per the method i had written about.
For my longer positional plays (which i treat separately) i buy on a close in daily above 36EMA price in daily charts, and remain / roll over my positions till we close above 36EMA in daily chart.
I guess i have addressed all your querries.

 

[varunkochhar]

Sai ji you are right in your interpretation.

 

[vijkris]

Where is entry in this chart as per this method,pls tell me Sir,it will clear everything.
Sai Sir,pls mark on this chart for me.

Let me address XITIJA's ji problem first. For better understanding and safe trading only take position when BOTH price and OBV are either above 200 EMA or below it. When one is above it wait for either of the 2 to crossover to be on the same side and then take a trade. The best signals are got when there is a fresh signal, meaning both come on the same side of the 200EMA. If for some reason you are not able to take the signal during succesful crossover, you can take the signal when price touches 36EMA. Is it clear now.

So, assuming i did not take trade during crossover...
I wait for price to touch 36ema and cross 36 ema in the up direction.
So according to this chart, the price is below 36 ema until the end of the chart.
So that means there is no trade opportunity ?

 

[varunkochhar]

yes. no entry

 

[varunkochhar]

Look at Axis bank. Have bought a 470CE at Rs.14.

 

[varunkochhar]

BN 200 points up from wed.closing as expected.

 

[hmp]

Varun ji
Bank nifty- which strike price you are having position now & for how much premium you got it?
Regards

 

[Trader987]

Bro simple rule OBV break 200 ema upside and price break 200 ema upside go long .opposite for short or you got it bro

Xitija must be sister not bro

 

[varunkochhar]

HMP ji i started with 20000 ce at 55 and then bought and sold to make 2 calls free.

 

[vsaran]

Look at Axis bank. Have bought a 470CE at Rs.14.

Varunji,you are great.