Just a small part form WD Gann's concepts.
Nifty fall by 53% in 2000-01, on the dot-com bubble burst.
After making a bottom in September 2001, nifty traded sideways until April 2003 before picking up and rallying to 6357, a new Real estate bubble.
So we were up by 5507 points in nifty form dot-com to real estate bubble.
It's not the bubble that I am interested in, but it's the Number 5507 Points.
We are up by 5512 Points till today's high form February 2016 lows.
It's all about WD Gann's concepts. I know the only price is not essential to catch the big top. Time is more important than price.
And I found not time matrix here. Just a one Number co-insides is 5507 +/- few points.
I am not forecasting a top or anything. I am just trading this thought of price wave. Which is very much in use, and works too.
But nothing works precisely every time, keeping that in mind I am purely trying my luck by shorting a couple of lots in nifty at 12330 with Stop loss above 12410
Target not decided yet. But I don't trade anything less then 1:5 RR.
Nifty fall by 53% in 2000-01, on the dot-com bubble burst.
After making a bottom in September 2001, nifty traded sideways until April 2003 before picking up and rallying to 6357, a new Real estate bubble.
So we were up by 5507 points in nifty form dot-com to real estate bubble.
It's not the bubble that I am interested in, but it's the Number 5507 Points.
We are up by 5512 Points till today's high form February 2016 lows.
It's all about WD Gann's concepts. I know the only price is not essential to catch the big top. Time is more important than price.
And I found not time matrix here. Just a one Number co-insides is 5507 +/- few points.
I am not forecasting a top or anything. I am just trading this thought of price wave. Which is very much in use, and works too.
But nothing works precisely every time, keeping that in mind I am purely trying my luck by shorting a couple of lots in nifty at 12330 with Stop loss above 12410
Target not decided yet. But I don't trade anything less then 1:5 RR.
交易進行:
Your thoughts and comments are welcome.
交易進行:
Nifty Made a high at 12430 in opening and fell 100 by 100 points. It was expected.
So Stop-loss is still intact because it wasn't even traded there for a few seconds at 9:15
And not expecting nifty to fall below 12000 by 23rd January, weekly expiry.
Selling the 12000 PE at 17 to reduce cost.
So Stop-loss is still intact because it wasn't even traded there for a few seconds at 9:15
And not expecting nifty to fall below 12000 by 23rd January, weekly expiry.
Selling the 12000 PE at 17 to reduce cost.
評論:
The ideal target is 11700. But we have the budget upcoming on Saturday. So will observe how price behaves and will adjust according to that.
評論:
Closing trade with almost 400 Points profit in nifty and Risk to Reward ratio is close to 1:5.
Shorted at 12330+17 = 12347
Covering at 11955
392 points profit.
Not wanting to get caught by the budget volatility, the market will give us many more opportunities to trade safely.
Shorted at 12330+17 = 12347
Covering at 11955
392 points profit.
Not wanting to get caught by the budget volatility, the market will give us many more opportunities to trade safely.
手動結束交易
Stop-loss is 12410.
When you earn a premium by selling options don't raise your stop level. Stop-loss should be where it was not 12410+17.