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[jamit_05]

Cost is still 111... not convincing for purchase. I am definitely not buying the Monday cost. Need 10 points lower...

 

[vssoma]

Cost is still 111... not convincing for purchase. I am definitely not buying the Monday cost. Need 10 points lower...

yeah...now it is near 107

 

[pakatil]

50 / 52......is it worth to buy at 100.

 

[pictforu]

Cost is still 111... not convincing for purchase. I am definitely not buying the Monday cost. Need 10 points lower...

Any particular reason, you want to buy at 100-101 and why you think the cost is still high?

 

[jamit_05]

107 is still high...

Friday cost was 116... Monday 111... now it is almost Thursday... that is 3 to 4 days of correction is pending.

This 10 point correction is crucial.... cuz this will be most of our profit...

 

[jamit_05]

Down to 105... this correction is time decay this has to happen in a timely fashion. If it gets delayed then waiting is sensible... made that mistake last week...

Hope that the cost comes down before market takes off on Thurs or Fri...

 

[jamit_05]

The ones waiting to buy will have couple of hours tomorrow ... I do not expect the cost to jump any higher on tomorrow's Open.... and then some sideways action is expected to cut it down some more...

 

[augubhai]

Re: Valuable (Golden) Research.

:thumb::clap::clapping:
Wow!! What an analysis!!

Kind of validates what I have been observing while trading the ORB method. Wednesdays are losing days (like today), and Tuesdays and Fridays are gaining days. I have my trade data since April 25. Will share it in the evening.

Here are my results trading Range Breakouts since April 25. The system makes money if there is a big move, especially towards the end of day.

The data shows that Wednesdays are losing days (like today), and Tuesdays and Fridays are gaining days.

[B]Monday - 7 days - average: 11.38 points/day
Date	Points	Trades[/B]
30-Apr	-17.77	1
07-May	61.66	2
14-May	-9.75	2
21-May	-16.89	2
28-May	36.56	1
04-Jun	15.76	2
11-Jun	10.05	2
[B]Total	79.63	12

Tuesday - 6 days - average: 31.12 points/day
Date	Points	Trades[/B]
08-May	40.68	3
15-May	15.73	1
22-May	73.98	1
29-May	-31.14	1
05-Jun	3.24	1
12-Jun	84.27	1
[B]Total	186.75	8

Wednesday - 8 days - average: -13.51 points/day
Date	Points	Trades[/B]
25-Apr	-39.06	2
02-May	-13.50	2
09-May	-31.69	2
16-May	-29.42	2
23-May	-40.49	2
30-May	7.62	1
06-Jun	73.71	1
13-Jun	-35.25	2
[B]Total	-108.08	14

Thursday - 7 days - average: -2.90 points/day
Date	Points	Trades[/B]
26-Apr	6.25	1
03-May	-2.76	1
10-May	-7.89	2
17-May	-6.08	2
24-May	-8.04	3
31-May	12.97	1
07-Jun	-14.73	2
[B]Total	-20.28	12

Friday - 7 days - average: 18.58 points/day
Date	Points	Trades[/B]
27-Apr	-44.12	2
04-May	71.69	1
11-May	-29.11	2
18-May	30.11	3
25-May	-24.57	2
01-Jun	77.78	1
08-Jun	48.26	2
[B]Total	130.04	13[/B]

System is simple. Go long/short is day's high/low is touched. Initial SL at 0.6%. Trailing SL at 0.8%.
If SL is hit, enter again if day's high/low is touched.
Close positions end of day.

 

[pictforu]

There are some other Edges that could be included.

1. Cost retracement. Just to make sure that we are not entering when option prices are heated up. In due course, we will have a decent reading for the level of retracement for each week. For ex. Last week showed a high of 212 low of 185; Therefore this week, as soon as i get a 170 I am willing to enter. After this cooling off, we expect a 100 point move. This nullifies the earlier intention of blindly entering on Monday morning, since it covers the idea of cost retracement better.

2. After, entry a suitable intraday moving average could be used to determine intraday end of trend. This will prove crucial to maximize profits esp when a leg becomes ITM.

How can we find the pair high/low for the last week?
Thanks in advance

 

[jamit_05]

How can we find the pair high/low for the last week?
Thanks in advance

You can go down to NSE website and download historical option excel sheets... then extract. It is laborious.