NIFTY Options Trading by RAJ
- Thread starter healthraj
- Start date
- Tags nifty options chain raj oat
see quoting someone's bad post not going to help , better thing for thread owners(I do this regularly) is to drop a PM to moderators quoting the post no. which is disturbing the flow of the thread, and it will be deleted, as all of u have quoted that post so he may have to delete all these posts...........so never quote bad posts 
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Hi speed299792kmps,
First of all these kind of forums should be used to have some constructive messages so that we can learn. I am not saying that I am always right. In fact I am happy that somebody is saying that I am wrong, which is fine. But instead of making a motherhood statement like I am completely wrong. Tell me what is wrong and if you know Options I want to know what is the Right. It is easy to find a problem with others ideas. But Please tell me what is right. At the end of the day I am only trying to share what I know. And I can be 100% wrong. And nobody here is kid to follow blindly what I am saying because everybody is dealing with their own money. Remember I am not trying to give Tips and make money out of tips. When it comes to Options I have tried to give a completely different way of understanding. If you have a better way of understanding then I am open to learn from anybody.
If you prove that I am 100% Wrong, then I will quit this forum and Trading. Are you ready for the challenge?
The most important thing is I myself was not interested in Options and that I have created this tool on Specific repeated requests from many users in Traderji. Now you can consume the tool ASIS without referring to my Rules and still get benefitted. Or you can modify the tool to whatever is your rule because the Tool is open (I have shared the password for the tool and the code). But after spending some considerable time and effort, I came up with the tools. Now don't generalize the Tool's function based on the market is behaving in crazy manner from Aug-13 to SEP-13. This is not the usual market. Market does not usually make 1000 points every month. When the market is making 500-1000 points every month, even a child would be able to trade.
First of all these kind of forums should be used to have some constructive messages so that we can learn. I am not saying that I am always right. In fact I am happy that somebody is saying that I am wrong, which is fine. But instead of making a motherhood statement like I am completely wrong. Tell me what is wrong and if you know Options I want to know what is the Right. It is easy to find a problem with others ideas. But Please tell me what is right. At the end of the day I am only trying to share what I know. And I can be 100% wrong. And nobody here is kid to follow blindly what I am saying because everybody is dealing with their own money. Remember I am not trying to give Tips and make money out of tips. When it comes to Options I have tried to give a completely different way of understanding. If you have a better way of understanding then I am open to learn from anybody.
If you prove that I am 100% Wrong, then I will quit this forum and Trading. Are you ready for the challenge?
The most important thing is I myself was not interested in Options and that I have created this tool on Specific repeated requests from many users in Traderji. Now you can consume the tool ASIS without referring to my Rules and still get benefitted. Or you can modify the tool to whatever is your rule because the Tool is open (I have shared the password for the tool and the code). But after spending some considerable time and effort, I came up with the tools. Now don't generalize the Tool's function based on the market is behaving in crazy manner from Aug-13 to SEP-13. This is not the usual market. Market does not usually make 1000 points every month. When the market is making 500-1000 points every month, even a child would be able to trade.
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I am forced to put such General messages especially for those who are starting fresh in Traderji. Whatever tools and Ideas that I have shared in TJ, I never claim that it would work 100%. As I have posted previously, I myself is still learning and did not yet find the Holygrail. Whether I will find one day, I don't know because trading is such a difficult job. So use my tools or Ideas for learning purpose and develop your own system or Strategies. I am in no way responsible for your losses and I don't want to be. As I keep telling, I have only shared and will continue to share what I know. There are always so many users in TJ who come and point out a different point of view.
Having said all these, May be there are people who see my thread as some golden rules. So I will revisit the Rules and fine tune them based on the learning in the last four months. Remember the rules were written with just one month experience in Options (Or how the market behaved in JUL-13). Now the market behaved completely different in AUG-13 and SEP-13 and may be rules are not 100% relevant. So please put your suggestions and learning to improve the rules
Having said all these, May be there are people who see my thread as some golden rules. So I will revisit the Rules and fine tune them based on the learning in the last four months. Remember the rules were written with just one month experience in Options (Or how the market behaved in JUL-13). Now the market behaved completely different in AUG-13 and SEP-13 and may be rules are not 100% relevant. So please put your suggestions and learning to improve the rules
Rule # 1 is still Valid, When the MAX COI PE > MAX COI CE, meaning when PEs are Shorted then the market goes UP eventually. This was an Intraday Rule. And COI should be used for Intraday only.
Probably what was overlooked and what need to be fine tuned is the Range of the MAX COI. If the Difference between MAX COI PE and MAX COI CE is more than say 100 points then it probably indicates a FLAT market rather than Trending market for the Day. So it would be good to Sell the Spread the rather than going bullish on the spread and so it would better to avoid Debit spreads in the Range. So The Rule is valid only when the Range is close. when the Range is narrow then it indicates a Real fight. For example let us take the example of 15-OCT-13, After the market came down from 6200 to 6100, the COI range was at 6000 and 6300, which is a 300 points Range, which indicates that market would be FLAT for intraday. If the Range would have been 6000-6100 and 6100CE > 6000PE then it would indicated further bearishness.
Probably what was overlooked and what need to be fine tuned is the Range of the MAX COI. If the Difference between MAX COI PE and MAX COI CE is more than say 100 points then it probably indicates a FLAT market rather than Trending market for the Day. So it would be good to Sell the Spread the rather than going bullish on the spread and so it would better to avoid Debit spreads in the Range. So The Rule is valid only when the Range is close. when the Range is narrow then it indicates a Real fight. For example let us take the example of 15-OCT-13, After the market came down from 6200 to 6100, the COI range was at 6000 and 6300, which is a 300 points Range, which indicates that market would be FLAT for intraday. If the Range would have been 6000-6100 and 6100CE > 6000PE then it would indicated further bearishness.
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Rule #2 is also valid. It is the Opposite of Rule 1. Once again this rule is for Intraday only
Probably what was overlooked and what need to be fine tuned is the Range of the MAX COI. If the Difference between MAX COI PE and MAX COI CE is more than say 100 points then it probably indicates a FLAT market rather than Trending market for the Day. So it would be good to Sell the Spread the rather than going bullish on the spread and so it would better to avoid Debit spreads in the Range. So The Rule is valid only when the Range is close. when the Range is narrow then it indicates a Real fight. For example let us take the example of 15-OCT-13, After the market came down from 6200 to 6100, the COI range was at 6000 and 6300, which is a 300 points Range, which indicates that market would be FLAT for intraday. If the Range would have been 6000-6100 and 6100CE > 6000PE then it would indicated further bearishness.
Probably what was overlooked and what need to be fine tuned is the Range of the MAX COI. If the Difference between MAX COI PE and MAX COI CE is more than say 100 points then it probably indicates a FLAT market rather than Trending market for the Day. So it would be good to Sell the Spread the rather than going bullish on the spread and so it would better to avoid Debit spreads in the Range. So The Rule is valid only when the Range is close. when the Range is narrow then it indicates a Real fight. For example let us take the example of 15-OCT-13, After the market came down from 6200 to 6100, the COI range was at 6000 and 6300, which is a 300 points Range, which indicates that market would be FLAT for intraday. If the Range would have been 6000-6100 and 6100CE > 6000PE then it would indicated further bearishness.
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@speed299792kmps
You should come forward solutions just criticizing someone that you feel is not good.
@raj
I am following raj since he started MTP which was initially one trade only in morning and square off at 3pm daily. MTP tools and knowledge you had shared here is awesome for novice who did not know anything about trading(like me). I am continuously following raj and he always reply good manner.
You should come forward solutions just criticizing someone that you feel is not good.
@raj
I am following raj since he started MTP which was initially one trade only in morning and square off at 3pm daily. MTP tools and knowledge you had shared here is awesome for novice who did not know anything about trading(like me). I am continuously following raj and he always reply good manner.
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