Hence, the strategy applied is Short Iron Condor Sold ATM CE & PE Bought OTM CE & PE to cover Sold Options / Hedge
Break Even Points Downside BEP 74.11 Upside BEP 74.64
Max Profit expected : 12%
Trade active
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Still holding the entire strategy. Lower BEP not yet crossed Hence, will hold, else when it breaks, then will close bull put spread.(short put & buy put)
Trade active
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Still holding entire strat... as it showed bullish action upwards which will again benefit the strat
Trade closed manually
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Trade closed with 10% gain... Closed calls first then closed sold puts... trailed long puts as Price action was bearish post 1.30pm to reduce the cost paid.
@anilraj247, friday fall in usdinr any news ,where can we see the news or latest updates,events of usdinr related
NeelamN
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@anilraj247, News comes later... action is seen before the news in the chart, so, instead of following news, I prefer following charts... USDINR already had a head and shoulder pattern and price hovering at neckline and it broke too. Ahead later in the evening there was FED speech... So, classic case where news came after and chart showed it before that. Hope it helped.
anilraj247
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@NeelamN, i am seeing 5 min charts is it ok to trade with 5 min charts in usdinr
NeelamN
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@anilraj247, Well !!! I do not follow such low timeframes... Usually 5 mins is for scalping, these kind of trade lasts only 5 to 15 minutes...