Trade with options data

[ashish2010]

when taking a position on any direction suppose you want to buy 5200 pe at spot nifty 5270 then there should be reasonable amount of OI build up at 5200 ce with covering in 5300 pe OI.

Got it, I believe the same applies to stock options also!!!!:thumb:

 

[ethan hunt]

jinthatha chitha chitha jintha tha tha posted few days back even tho people sentiment not changed OI data reflecting that

These patterns are highly unreliable as can be seen in 2 images. the bearish bat is there since 12june (5126) thru 5july (5344).
Shorting would have been suicidal.
Any peak higher than D will alter the pattern again.

 

[kiranjakka]

The harmonic bat pattern was discovered by Scott Carney in 2001. Carney maintains it is one of the most accurate patterns, and requires a smaller stop loss than most other patterns.

This is one of the retracement patterns (along with the Gartley Pattern) - and is a deep retest of Support (in the case of a bullish Bat) or Resistance (for a bearish bat) around the X level. The D level reversal will be at the .886 XA retracement in the PRZ.

If a Bat fails - it can often "morph" into a Crab Pattern where the D point exceeds the X point.

This pattern usually has an extended CD leg which is 1.27 Fibonacci extension of the AB - providing a favourable risk/reward.

Systematic tests by FxGroundworks, have shown the Bat pattern success rates to be 89%-95%.

courtesy

though i am not a chartist

http://www.trade-forex-harmonic-patterns.com/harmonic-bat-pattern.html

 

[prabhsingh]

Not sure if its too early to say but Hindalco is trying every attempt to reach near 130 levels.If Market shows any signs of early recovery then it might try to reach close to 130.

Kiran,Your thoughts please.

 

[kiranjakka]

Not sure if its too early to say but Hindalco is trying every attempt to reach near 130 levels.If Market shows any signs of early recovery then it might try to reach close to 130.

Kiran,Your thoughts please.

YES ALREADY IN POSITION ON HINDALCO AT 1.5 130 CALLS
:thumb:

 

[kiranjakka]

YES ALREADY IN POSITION ON HINDALCO AT 1.5 130 CALLS
:thumb:

SEEMS ALOCA RESULTS TODAY DRIVING THE STOCK UP WATCH OUT TGT 134:thumb:

 

[pav]

Hello kiranjakka.. I am new to option trading.. Your strategy looks very interesting.. I am starting to read this thread and having few difficulties in grasping it.. Please help me out here..
I can understand what is put writing and call writing..
But if change in OI increases, do that mean that ppl are writing it and not buying it..??
Or if change in OI is reducing in time to time in a day, does that mean ppl are writing it or just booking profits..??
Really confused... Help pls..

Dear Kiran,
please give the answers and help us. i am also confused like Janani..

Thanks & Regards

after market:thumb:

Thanks Kiran :thanx:

i am waiting.

Dear Kiran,
i am waiting for your answer.

Thanks & Regards

 

[kiranjakka]

increase in oi in call options with increase in stock price bullish
decrease in oi in call options with increase in stock price bullish
increase in oi in put options with decrease in stock price bearish
and decrease in oi in put options with decrease in stock price bearish

apply some logic too

these are 4 different scenarios and combination varies try out different combinations at different situations u will understand better

 

[vikrit]

bearish bat image[IMG]
[B]jinthatha chitha chitha jintha tha tha[/B] posted few days back even tho people sentiment not changed OI data reflecting that[/QUOTE]

[quote="kiranjakka, post: 700676"]..................
Systematic tests by FxGroundworks, have shown the [B]Bat pattern success rates to be 89%-95%. [/B]
..................
[URL="http://www.trade-forex-harmonic-patterns.com/harmonic-bat-pattern.html"]http://www.trade-forex-harmonic-patterns.com/harmonic-bat-pattern.html[/URL][/QUOTE]

kiran, maybe this will workout, but having a confusion. was looking harmonic patterns examples, bearish bat always have C above A. In nifty case, it is below A??:confused: site you mentioned also have standard format i.e. C above A. did you see 'C below A' in any example, or 'C above A' is not a strict format/rule??

.

 

[kiranjakka]

kiran, maybe this will workout, but having a confusion. was looking harmonic patterns examples, bearish bat always have C above A. In nifty case, it is below A?? site you mentioned also have standard format i.e. C above A. did you see 'C below A' in any example, or 'C above A' is not a strict format/rule??

.

i am not a chartist either my afl recognised this and i have posted in the forum as i read about the pattern it is not A or C are important the most important thing for a bearish bat pattern to be valid is the X level which is placed at 5340 which is important the level D shouldnot cross the level X. in a bearish bat pattern. now we see that market is about to take a U turn i feel if our market falls below and closes below 5270 it will be the conformation of bearish bat pattern till then we are placed some where in no trade zone. buy above 5340 or sell below 5270 is my trading strategy on nifty.

and one more thing is if we manage to close above 5340 it is a bullish :crab pattern"




"the X point will usually be a strong Support zone (for a bullish Bat) or strong Resistance zone (for a bearish Bat) - being top of a range".and we are facing strong resistance near 5340 dont you feel it?


:thumb: