SH's MArket Correction Prediction Strategy

[vinst]

Not sure if anyone traded the 3 EMA reversal on Friday ... worked beautifully and Nifty closed in red on Friday even when world markets were green !!

Thats the power of 3 EMA

Cheers
SH

traded on friday.


today also 3ema not touched as of now (9:45am)

 

[Nehal_s143]

I bought OTM call and put on 29th, so far no big move, losing about 20% on pair due to time decay, SH sir, please inform shall hold the pair or exit,

 

[Tradewithhunter]

I bought OTM call and put on 29th, so far no big move, losing about 20% on pair due to time decay, SH sir, please inform shall hold the pair or exit,

Dear Nehal - Hold or quit is completely your decision since you know your risk appetite and account status better than me.....

I can just say that you wont always get a big move immediately after 100 EMA touch .. it can sometimes take a couple of weeks ..... the good thing is Nifty is up 100 points from the point of 100 EMA touch and another 100-150 points move up should make ATM calls and puts into profits.....

I am not sure what strike price you mean when you say OTM ...I hope you have not bought deep OTM ...

Cheers
SH

 

[Nehal_s143]

I bought 200 points OTM 5800 call 5400 put

 

[[email protected]]

Dear SH,

Have no words to praise you.

regards,

som

 

[Tradewithhunter]

I bought 200 points OTM 5800 call 5400 put

Dear Nehal - 200 points OTM is too much OTM .. always go for ATM or maximum 100 points OTM .. not more than that ...

Cheers
SH

 

[bhurasandip]

Hai SH
Covered my 5500pe @ 24.50 which was bot @73 holding 5700ce @ 70.
Am I right please advice me

 

[varunsurat]

Dear Nehal - 200 points OTM is too much OTM .. always go for ATM or maximum 100 points OTM .. not more than that ...

Cheers
SH

Dear Sh sir,

100 EMA touched again @ 5585 .. Bought 5700 Ce & 5500 Pe at that time..

Mkt closed below 100 ema, so 5700 ce position closed & holding 5500 pe..

Can we keep 4% -5% tgt from 5585 for profit booking in PE ?? Am i right..??

regds,

 

[sunny_cool]

Hai SH
Covered my 5500pe @ 24.50 which was bot @73 holding 5700ce @ 70.
Am I right please advice me

Dear Sh sir,

100 EMA touched again @ 5585 .. Bought 5700 Ce & 5500 Pe at that time..

Mkt closed below 100 ema, so 5700 ce position closed & holding 5500 pe..

Can we keep 4% -5% tgt from 5585 for profit booking in PE ?? Am i right..??

regds,

Guys as per the theory you need to close both the trades at the same time...close CE & PE at same time

You see what happened to the @bhurasandip trade...he covered the PE only in loss & after that his CE also came in loss.....he lost on both the trades...making his winning trade into losser trade...


Follow the strategy properly...:thumb:

 

[mayur553]

Hey SH can you guide us on what market sentiments are... Market is hovering around 100 EMA from pas 3 days... from your exp have u seen this before... and what are your expectation now...

I am holding Deep OTM PE and CE