Best tweet threads about trading price action option selling
1.Which indicator or setup do u use,volatility contraction pattern
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straddle selling rules
1.after continous 5 green or red candles (5 min) tf,wait for one opposite candle and initiate short straddle
2.Check if price is away from 20 ema and if it is away, it will do mean reversion.Check thisin 5 sec or 15 sec and 5 min timeframe
3.when market is making extreme compression doji in 5TF and 15TF just exit from the stradddel
4.bearish straddle+trendline break +Support(check using volume method)+Before 1:30(FII selling)
Check if any candle closed above the last candle rule
5.Lesson learned...never sell options if IV is less than 18. in Nifty ATM
Let the big Move happen and after that sell options during retracement
After big move ,initiate straddle
after bearish edge breakout,inintiate bearish straddle,which is 100% profitable
Options selling at 9:16 if an only if big gapup or gap down.Ifmarket open flat dont go for option selling
Volume based supply and demand zone
Dont do intraday trading when market is at 1day tf last support or resistance.There big operator comes and intraday is difficult to handle
When there is momentum both in nifty and banknifty,dont go for straddle selling for nest 2 days and when reversal will come then only go for straddle selling for iv crush
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8.4.2021 lessons
Straddle stoploss 3500 on all days.If it goes beyond that then exit.
In expiry put a MTM based stoploss and 9000 target.
If your profit is running at 12000 and it goes below 10000 then exit all the positions.
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To do list in chart before trading
Algorithm
1.HAs market given breakout in bigger time frame nad weekly monthly support and resistance.
Yes:then no trading day
no:take starddle
has market iv has spiked up
If yes take high qty skewed short straddle
if no:then take less qty short straddle
Is market going to fin any strong support at the bottom
is market likely to get any reversal?
at low vix enviornment ,look for reversal trading and consolidation trading in market
Draw support resistance ebased on fibonaci
double bottom or head and shoulder
Trendline in 15 minute and 1 hr timeframe and big time frame
1 day chart pateern to find out sentiment
cpr touch
gapup/gap down /flat opening check
yesterday low,high and closing+today's opening strong support and resistance
nifty and fin nifty support to banknifty
Vwap
confluencial trading with all indicators
previous week low and high
2nd time ema breaking is powerful than 1st time ema breaking
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Best Indicators for option selling
CD_PivotR-
//Created by CristianD
study(title="Pivot Range", shorttitle="CD_PivotR", overlay=true)
sd = input(true, title="Show Daily Pivots?")
//Pivot Range Calculations - Mark Fisher
pivot = (high + low + close ) / 3.0
bc = (high + low ) / 2.0
tc = (pivot - bc) + pivot
//Daily Pivot Range
dtime_pivot = security(tickerid, 'D', pivot[1])
dtime_bc = security(tickerid, 'D', bc[1])
dtime_tc = security(tickerid, 'D', tc[1])
offs_daily = 0
plot(sd and dtime_pivot ? dtime_pivot : na, title="Daily Pivot",style=circles, color=fuchsia,linewidth=3)
plot(sd and dtime_bc ? dtime_bc : na, title="Daily BC",style=circles, color=blue,linewidth=3)
plot(sd and dtime_tc ? dtime_tc : na, title="Daily TC",style=circles, color=blue,linewidth=3)
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Warrir thunderbolt Indicator BB EMA VWAP PIVOT
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Stock_Warrior
//@version=4
study(title="Warrior Thunderbolt Indicator", shorttitle="WTI", overlay=true)
showpivot = input(defval = true, title="Show Pivot Points")
showEMA9 = input(title="Show EMA9", type=input.bool, defval=true)
showEMA20 = input(title="Show EMA20", type=input.bool, defval=true)
showEMA50 = input(title="Show EMA50", type=input.bool, defval=true)
showEMA100 = input(title="Show EMA100", type=input.bool, defval=true)
showEMA200 = input(title="Show EMA200", type=input.bool, defval=true)
showVWAP = input(title="Show VWAP", type=input.bool, defval=true)
showBB = input(title="Show BB", type=input.bool, defval=true)
prevDH = input(true, title="Show previous Day high?")
prevDL = input(true, title="show previous Day low?")
EMA9_Len = input(9, minval=1, title="EMA9_Length")
EMA9_src = input(close, title="EMA9_Source")
//EMA9_offset = input(title="EMA9_Offset", type=input.integer, defval=0, minval=-500, maxval=500)
EMA9_out = ema(EMA9_src, EMA9_Len)
plot(showEMA9 ? EMA9_out:na, title="EMA9", color=color.yellow, offset=0)
EMA20_Len = input(20, minval=1, title="EMA20_Length")
EMA20_src = input(close, title="EMA20_Source")
//EMA20_offset = input(title="EMA20_Offset", type=input.integer, defval=0, minval=-500, maxval=500)
EMA20_out = ema(EMA20_src, EMA20_Len)
plot(showEMA20 ? EMA20_out:na, title="EMA20", color=color.blue, offset=0)
EMA50_Len = input(50, minval=1, title="EMA50_Length")
EMA50_src = input(close, title="EMA50_Source")
//EMA50_offset = input(title="EMA50_Offset", type=input.integer, defval=0, minval=-500, maxval=500)
EMA50_out = ema(EMA50_src, EMA50_Len)
plot(showEMA50 ? EMA50_out:na, title="EMA50", color=color.green, offset=0)
EMA100_Len = input(100, minval=1, title="EMA100_Length")
EMA100_src = input(close, title="EMA100_Source")
//EMA100_offset = input(title="EMA100_Offset", type=input.integer, defval=0, minval=-500, maxval=500)
EMA100_out = ema(EMA100_src, EMA100_Len)
plot(showEMA100 ? EMA100_out:na, title="EMA100", color=color.red, offset=0)
EMA200_Len = input(200, minval=1, title="EMA200_Length")
EMA200_src = input(close, title="EMA200_Source")
//EMA200_offset = input(title="EMA200_Offset", type=input.integer, defval=0, minval=-500, maxval=500)
EMA200_out = ema(EMA20_src, EMA200_Len)
plot(showEMA200 ? EMA200_out:na, title="EMA200", color=color.lime, offset=0)
// Get user input
vwaplength= input(title="VWAP Length", type=input.integer, defval=1)
cvwap = ema(vwap,vwaplength)
plotvwap = plot(showVWAP ? cvwap : na,title="VWAP",color=color.orange, transp=0, linewidth=2)
length = input(20, minval=1)
src = input(close, title="BB_Source")
mult = input(2.0, minval=0.001, maxval=50, title="BB_StdDev")
basis = sma(src, length)
dev = mult * stdev(src, length)
upper = basis + dev
lower = basis - dev
offset = input(0, "Offset", type = input.integer, minval = -500, maxval = 500)
plot(showBB ? basis : na, "Basis", color=#872323, offset = offset)
p1 = plot(showBB ? upper : na, "Upper", color=color.teal, offset = offset)
p2 = plot(showBB ? lower: na, "Lower", color=color.teal, offset = offset)
fill(p1, p2, title = "Background", color=#198787, transp=95)
//previous day
prevDayHigh = security(syminfo.tickerid, 'D', high[1], lookahead=true)
prevDayLow = security(syminfo.tickerid, 'D', low[1], lookahead=true)
//previous day Plots
plot( prevDH and prevDayHigh ? prevDayHigh : na, title="Prev Day High", style=plot.style_stepline, linewidth=2, color=color.red, transp=0)
plot( prevDL and prevDayLow ? prevDayLow : na, title="Prev Day Low", style=plot.style_stepline, linewidth=2, color=color.green, transp=0)
// colours for the chart
col0 = #6666ff
col1 = #ebdc87
col2 = #ffa36c
col3 = #d54062
colD = #799351
res = input(title="Resolution", type=input.resolution, defval="D")
h = security(syminfo.tickerid, res, high[1], barmerge.gaps_off, barmerge.lookahead_on)
l = security(syminfo.tickerid, res, low[1], barmerge.gaps_off, barmerge.lookahead_on)
c = security(syminfo.tickerid, res, close[1], barmerge.gaps_off, barmerge.lookahead_on)
// Pivot Range Calculations: Fibonac0
pivot = (h + l + c) / 3.0
plotF = input(defval=false, title="Plot 0.236", type=input.bool)
supp0 = (pivot - (0.236 * (h - l)))
supp1 = (pivot - (0.382 * (h - l)))
supp2 = (pivot - (0.618 * (h - l)))
supp3 = (pivot - (1 * (h - l)))
res0 = (pivot + (0.236 * (h - l)))
res1 = (pivot + (0.382 * (h - l)))
res2 = (pivot + (0.618 * (h - l)))
res3 = (pivot + (1 * (h - l)))
plot(showpivot ? pivot : na, title="D Pivot", style=plot.style_stepline, color=color.black, linewidth=2)
plot(plotF ? supp0 : na, title="0.236", style=plot.style_stepline, color=color.orange , linewidth=1)
plot(showpivot ? supp1 : na, title="S1", style=plot.style_stepline, color=color.orange, linewidth=1)
plot(showpivot ? supp2 : na , title="S2", style=plot.style_stepline, color=color.orange, linewidth=1)
plot(showpivot ? supp3 : na, title="S3", style=plot.style_stepline, color=color.orange, linewidth=1)
plot(plotF ? res0 : na, title="0.236", style=plot.style_stepline, color=color.orange, linewidth=1)
plot(showpivot ? res1 : na, title="R1", style=plot.style_stepline, color=color.orange, linewidth=1)
plot(showpivot ? res2 : na, title="R2", style=plot.style_stepline, color=color.orange, linewidth=1)
plot(showpivot ? res3 : na, title="R3", style=plot.style_stepline, color=color.orange, linewidth=1)
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Elearnmarkets.com all lectures
क्या है सही तरीका Open Interest और Price को मिलाकर share trading करने का?Chetan Ji's 11 Dec 2020
If break out happens with increase in open interest and volume spike,and sustained above support for two to three days,then this type of breakout becomes more power full adn in upcoming days ,ther is high chance of price hike.
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Everyday remeber Rules to be followed during trading
1.If gapup and gapdown ,then market couldbe sideways
If no gapup or down ,market would be trendy
2.Previous day high and low as support and resistance
If trading after 10 o clock ,Today high and low as support and resistance.RSI above 50 bullish and RSI below 50 bearish.Check if previous day low as well today day broken then go for sell anyhow and vice versa for buying.
3.Check price change if market moves 300 points using sensibull.Always use fibbonacci to check retracement level(very Crucial).Always open all global market indices tab before you in investing.com
4.Dont think about profit and always think about putting very less stoploss and saving ur capital .Profit will come but you have to control losses..
5.Always buy at support (low) and sell at resistance (High).Even if market looks threatening.
If HDFC moves by 10 points ,then banknifty will move by 200 points.High beta stocks like RBL bank and bandhan bank if they are bull ,then go for bullish view,and reverse is true for banknifty.Check in trading view ,If all banks are positive then dont go for shorting.Compare nifty ,reliance ,hdfc and banknifty before taking any decision because nifty and at 12:30 uk market gives early indication for banknifty.
6.try to make a skewed strangle at the middle price point of day's first 15 minute candle.Market try to deviate from that mean only at the end of the day
7. 5 Minutes inside candles are like diamonds in the market.Just try to search for those inside candles
8.Friday -No strangle,Accept the loss,try to exit after consolidation because big movements come after consolidation.If gapup and gapdown theroy
Market always try to comeback to its original position from where it started.After big fall has happened previous dy try to expect a sideways market
Use volatility contraction rule.Always open investing 6 future windows in laptop(s&P,DAX,FTSE)
Rising wedge ,bearish wedge ,bearish flag -Be careful for buyers
10.100% success Best rule-Horizontal support and resistance+trend line +bearish flag or bearish wedge+sangam of trend line and resistance break
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Most Important Links
Using Open Interest to Find Bull/Bear Signals(money Control)
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Top youtube channels
Dt4b(price action trader chhota vp financial)
Thetagainers-https://youtu.be/muyTTJYer80
Abhi investment academy
Being trader
Option traderss
Master trader sanjeev
Vp financial
Power of stocks
Super trader lakshya
Trader chanakya
Finbaba
NHRS - Proprietary price action trading training
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Option Strategy Builder
Sensibull
https://opstra.definedge.com/strategy-builder
Option oracle india software
quantapp
upstoc
https://www.stockmock.in/#!/home
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Sensibull Option trading Strategy
Short straddle: -3.3% to +3.3%
Iron Butterfly: -1.7% to +1.7%
Short strangle: -4% to +4%
Short Iron Condor: -3.1% to 3.1%
Put/call ratio Spread: -4.4% to infinite (but 100 rupees profit in positive side)
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Trading with rayner
https://www.tradingwithrayner.com/course/support-and-resistance-secrets-powerful-strategies-to-profit-in-bull-bear-markets/
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Youtube videos for trading
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