General Trading Chat

Dear St Da
Please put some light on intraday option trading ( plain buying options)..?
what are the high probability setups can we use for option trading intraday?as option needs a fast move on one direction to get good profit?
thanks
As a general rule, buy options when the price move is accelerating .Buy Options when the market is breaking out/breaking down from the consolidation /distribution.We should get out of long positions when price move starts loosing speed /momentum.

Will post a chart showing the above in the evening.

Smart_trade



Posting 3 min NF chart. The sideways consolidation marked by magenta lines and a breakout is a place to buy options ( buy calls).

Also see a red trendline drawn from the top of the pivot bars.When market breaks this trendline, it means that it is accelerating on the upside...so buy calls there. The profit to be taken when market after breakout looses its momentum and goes sideways and unable to take out the tops.

Smart_trade
Smart_trade
 

XRAY27

Well-Known Member

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