Option Logics
- Thread starter toughard
- Start date
No structures are open and reverse butterfly simulation is not great to an extent to post it here.. mean while this chart obtained from below link kept me interested because the way the whipsaw been handled here is nice!!
https://docs.google.com/spreadsheets/d/1dESqVIu1qLjYFCRiF6nESimLZXLgL03-9PAX1cLCvFI/edit?pli=1#gid=0
Who ever is doing this free job is great as he kept giving tomorrows SAR number for FREE!!
https://docs.google.com/spreadsheets/d/1dESqVIu1qLjYFCRiF6nESimLZXLgL03-9PAX1cLCvFI/edit?pli=1#gid=0
Who ever is doing this free job is great as he kept giving tomorrows SAR number for FREE!!
After achieving 850+ points from 8 trades last month, Welcome to New Series... 28 Aug 2014
Every time it will be very interesting to get the first day EOD numbers!!
Lets go to step by step study on Option OI and other Parameters.
To start with, Based on Pic 1, Today's OI action looked like bears are preparing for further fall, Monday Price action is awaited for confirmation on the same!
Pic 2 indicates a wider primary range of 7300 - 8000 levels as well as the secondary range is visible @ 7500 - 7800 at the same time one can recollect how this levels played an important role during last month!
Pic 3 shows that today price is pushed down from 7700 ie., OI MAX PAIN and also that, this month 7300 is been taken initially as bear base! will that indicate weakness??? next 1 or 2 trading days will confirm that too!!
This month will be little tricky as just 18 more days of trading is left for us to do everything that we may intending to do, as well as VIX is also LOW;
This time Structures that support time decaying profits would do better rather than directional once which performed well last month !!
Will try to pull out some of those strategies in the mean while if any one have anything in mind they can feel free to share it here!!
-
Every time it will be very interesting to get the first day EOD numbers!!
Lets go to step by step study on Option OI and other Parameters.
To start with, Based on Pic 1, Today's OI action looked like bears are preparing for further fall, Monday Price action is awaited for confirmation on the same!
Pic 2 indicates a wider primary range of 7300 - 8000 levels as well as the secondary range is visible @ 7500 - 7800 at the same time one can recollect how this levels played an important role during last month!
Pic 3 shows that today price is pushed down from 7700 ie., OI MAX PAIN and also that, this month 7300 is been taken initially as bear base! will that indicate weakness??? next 1 or 2 trading days will confirm that too!!
This month will be little tricky as just 18 more days of trading is left for us to do everything that we may intending to do, as well as VIX is also LOW;
This time Structures that support time decaying profits would do better rather than directional once which performed well last month !!
Will try to pull out some of those strategies in the mean while if any one have anything in mind they can feel free to share it here!!
-
Introducing possible Supports and Resistance BASED ON MAX OI...
lets see how this shapes up during the month... this is very important for months like the present one where the VIX is LOW along with shorter number of trading days!!
As in pic above
R2 - 7860
R1 - 7720
S1 - 7580
S2 - 7440
Good luck,
Toughard
lets see how this shapes up during the month... this is very important for months like the present one where the VIX is LOW along with shorter number of trading days!!
As in pic above
R2 - 7860
R1 - 7720
S1 - 7580
S2 - 7440
Good luck,
Toughard
Based on above table all data points remain same and only the price went up so initiated a Bearish Structure like below 140k Invested...3000 max risk... protected till 7300 which is HOI of PE side... good RRR
A tribute to Dear Kishore da... just 2 stanza of this song written by Sri.Anand Bakshi got lot of meaning specially against unhealthy critics!!!
-
Introducing possible Supports and Resistance BASED ON MAX OI...
lets see how this shapes up during the month... this is very important for months like the present one where the VIX is LOW along with shorter number of trading days!!
As in pic above
R2 - 7860
R1 - 7720
S1 - 7580
S2 - 7440
Good luck,
Toughard
lets see how this shapes up during the month... this is very important for months like the present one where the VIX is LOW along with shorter number of trading days!!
As in pic above
R2 - 7860
R1 - 7720
S1 - 7580
S2 - 7440
Good luck,
Toughard
Oh Good God... this theory seems to be working as the first day's HOI range is taken to identify the Sup & Res... the derived levels are creating a resonantly acceptable confluence with the previous price points... see the chart below.. the other untouched points may reacted to their respective months Sup & Res???
Oh Good God... this theory seems to be working as the first day's HOI range is taken to identify the Sup & Res... the derived levels are creating a resonantly acceptable confluence with the previous price points... see the chart below.. the other untouched points may reacted to their respective months Sup & Res???
Lets keep an observation tab ON...
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