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Amit_Ghosh
Dec 6, 2021 7:13 AM

[Theta] BankNIFTY Price Action Overview 

Nifty Bank IndexNSE

Description

Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Comment

Aggressively shorted 35600PE at 170. SL is our sell trigger point in this chart. Will sell 36600CE if SL hits to hedge. Then will close on strangle's BEP breach.

Comment

36600CE is sold at 109.

BEP 170+109=279
Comments
nalinakshi
Amit i am trading with entropy strategey, yo can get the stocks in opening bell itself, message me I will give the link
Amit_Ghosh
@nalinakshi, Provided that I made the strategy myself; And it is based on the Bollinger bands which are formed after the prices come, You must be some one of such misleading internet artists with no regard for how it works. Neither I will not message you anywhere nor You should message me or comment anywhere. You should try to stamp your poster in local metros with astrology images.
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