Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 5K views

    Scalping Strategy-1

    Uploaded by

    Natarajan
    1. The document discusses an intraday index options strategy for holding trades to maximize profits. It recommends starting with a scalping system and gradually learning the concept of holding strategies. 2. The holding system extends scalping trades based on observations of open interest data, moving averages, and repeating patterns that favor the direction of the trade. 3. Executing a holding strategy requires at least one month of observing market behavior before taking a trade based on reversal candlestick patterns that form at important price zones like trendlines and Fibonacci retracement levels.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Scalping Strategy-1

    Uploaded by

    Natarajan
    5K views11 pages
    1. The document discusses an intraday index options strategy for holding trades to maximize profits. It recommends starting with a scalping system and gradually learning the concept of holding strategies. 2. The holding system extends scalping trades based on observations of open interest data, moving averages, and repeating patterns that favor the direction of the trade. 3. Executing a holding strategy requires at least one month of observing market behavior before taking a trade based on reversal candlestick patterns that form at important price zones like trendlines and Fibonacci retracement levels.

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    1. The document discusses an intraday index options strategy for holding trades to maximize profits. It recommends starting with a scalping system and gradually learning the concept of holding strategies. 2. The holding system extends scalping trades based on observations of open interest data, moving averages, and repeating patterns that favor the direction of the trade. 3. Executing a holding strategy requires at least one month of observing market behavior before taking a trade based on reversal candlestick patterns that form at important price zones like trendlines and Fibonacci retracement levels.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5K views11 pages

    Scalping Strategy-1

    Uploaded by

    Natarajan
    1. The document discusses an intraday index options strategy for holding trades to maximize profits. It recommends starting with a scalping system and gradually learning the concept of holding strategies. 2. The holding system extends scalping trades based on observations of open interest data, moving averages, and repeating patterns that favor the direction of the trade. 3. Executing a holding strategy requires at least one month of observing market behavior before taking a trade based on reversal candlestick patterns that form at important price zones like trendlines and Fibonacci retracement levels.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 11

    Our Intraday Index options strategy for holding the trade to get maximum

    points is little complicated and tough for newbies to understand So I


    recommend you to follow scalping system at starting then step by step
    you can understand the concept for holding strategy

    Holding system is nothing but the extension of the scalping trade when
    OI Data, Moving Averages & repeating patterns favouring the same
    direction.

    Holding system requires atleast 1 month live observation of the market


    behaviour before executing a trade.

    1. Reversal Candle Stick patterns

    2. Trading Zones
    a) Basic SNR b)TrendLine c) Fibonacci Retracement Zones

    3. Indicators

    REVERSAL CANDLE STICK PATTERNS


    ​

    Based on reversal Candle formation at important price zones we can


    take a Trade & fix Stoploss.

    Hammer​:

    If a Candle has wick on one side with double the times of its body is
    called hammer.Depending on its formation at different trend it is called
    by different names despite of the candle colour
    We gonna consider only the Shooting Star at Up trend & Hammer during
    downtrend.Refer below image
    Doji & Spinning Top or Bottom:

    Both are same but the names differs from their candle appearance if the
    body of the candle and the Wick looks like ​PLUS + ​Symbol then it is
    called Doji.

    Doji with bigger body & wick is called


    Spinning top or bottom,So consider
    everything as Doji.

    Tweezer
    It always consists of two candlesticks with same low or same high
    The Tweezer Top formation is viewed as a bearish reversal pattern seen
    at the top of uptrends and the Tweezer Bottom formation is viewed as a
    bullish reversal pattern seen at the bottom of downtrends.

    Tweezer Bottoms will


    have same low
    "Tweezer Top will have Same High & Tweezer
    Bottom will have same low"
    When the above mentioned candlesticks formed at the important trading
    zones like TrendLine, Support & resistance, Fibbonachi Retracement
    then we can take trade and fix StopLoss.

    Important Rules:
    1.Time frame - 5 minutes.
    2.Candle closing is more important.

    ​ OJI
    D

    ​For Taking Long​ ​For Taking Short

    Wait for next 5mins candle closing and give trade entry at 3rd candle
    opening itself.
    ​1.​ ​Candle Closing is more important
    2. Colour of the Doji doesn't matter
    Hammer

    Similar to DOJI Trading Rule and in this case as per our system we
    gonna consider only shooting star at uptrend & hammer at downtrend.

    Important Rules:

    1.Candle Closing is more important


    2.Colour & Size of body does not matter
    ​For Taking Short
    ​For Taking Long

    Tweezer

    Tweezer is a combination of two candles it may be DOJI,Hammer or


    Engulfing Candle
    For Taking Short

    Case 1

    Case-2
    If Second candle fails to close below 1st candle low then we must wait
    for the 3rd candle to close below the 1st low.

    Closing is more important


    Case 3

    In this case Both 1st & 2nd Candles closes at same level,In that cases wait for 3rd
    Candel to close below 1st low same as case 1
    For Taking Long

    Same conditions vise versa for Taking Long Trades

    Above all mentioned candlesticks patterns are the reversal candlesticks


    patterns indicating a reversal, when this patterns forms at TrendLine,
    Fibonacci Retracement , Support & Resistance Zones 80% of times
    market will reverse So by using this opportunity we can do Scalping
    trade in Options for 20 to 30 points in Bank & 10 to 20 Points in Nifty.

    For getting 100+ Points we need to observe the market atleast 1 month
    to understand the characteristics of OI Data & Moving averages because
    only then we will get confident for holding the Scalping trade.

    You might also like