Option chain in tradingAn option chain lists all option contracts, including put and call option for given security. However, several traders focus on net change,' 'bid,' 'last price,' and 'ask,' columns to assess current market conditions. Option chain is also called the option matrix.
How does an option chain work? An option chain displays available call and put options for a specific underlying asset, with their strike prices, premiums, and open interest. It provides a snapshot of market sentiment and potential price movements.
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Adx part 1The ADX quantifies trend strength by measuring directional movement over a given time frame. It provides traders with specific numbers (from 0 to 100) that represent strong or weak price trends. Traders can simply refer to the numbers to quickly assess the strength of a trend.
ADX below 20: Non-trending or consolidating.
ADX crosses above 20: A new trend may emerge.
ADX crosses 25: Confirmation of the trend.
ADX above 40: Strong trend.
ADX crosses 50: Extremely strong trend.
ADX crosses 70: A rare occasion.
Exploring the Golden Crossover Strategy: A Christmas Day Special🎄 Merry Christmas, My TradingView Family! 🎄
Greetings to all. I trust that you are all thriving in both your personal lives and trading endeavors. Today, I present educational content aimed at understanding the concepts of Golden Crossover with EMA.
The Golden Cross strategy using Exponential Moving Averages (EMAs) is a technical analysis signal that occurs when a short-term EMA (50-period) crosses above a long-term EMA (200-period). This pattern is seen as a bullish signal, suggesting the potential start of an upward trend.
Key Concepts:
50-EMA: Reflects the average price over 50 periods, more responsive to recent price changes.
200-EMA : Reflects the average over 200 periods, showing a longer-term trend.
Why It’s Bullish:
The 50-EMA crossing above the 200-EMA signals that recent price momentum is stronger than the long-term trend, indicating a shift to a bullish market.
Trader's Approach:
Entry Point: Traders may buy once the 50-EMA crosses above the 200-EMA, expecting further price increases.
Volume Confirmation: High volume during the crossover strengthens the signal.
Risk Management: Traders often use stop-loss orders to protect against sudden reversals.
Advantages of EMAs:
Faster Signals: EMAs respond quicker to price changes, providing earlier signals than SMAs.
More Sensitivity: EMAs are more responsive to recent market moves.
Limitations:
False Signals: In choppy markets, the crossover can sometimes lead to false trends.
Lagging Indicator: Though quicker than SMAs, EMAs still reflect past price data and can be delayed.
In summary, the Golden Cross with EMAs is a bullish trend reversal signal, where the 50-EMA crossing above the 200-EMA suggests a potential upward trend, but traders should confirm with volume and manage risks.
🎄 Merry Christmas, My TradingView Family! 🎄
As we celebrate this wonderful season of joy and giving, I have a special wish to Santa Baba: May each one of you grow into exceptional traders, achieve your financial goals, and find success and happiness in every trade you make.
This journey of two years, sharing ideas and growing together, has been nothing short of amazing. Your support, encouragement, and the love you’ve shown me have been the driving force behind my growth and accomplishments, including being chosen as a TradingView Moderator. It’s a dream come true, and I owe it all to you.
This Christmas, I want you all to know how deeply I appreciate your trust and belief in me. Together, we’ve created a community that thrives on learning and growing, and I’m so excited to see what we’ll achieve in the year ahead.
May this holiday season bring peace, happiness, and prosperity to you and your loved ones. Let’s continue to chart new paths and reach greater heights together.
Thank you for being a part of my journey, and once again, Merry Christmas to all of you! 🎅✨
Warm wishes,
Rahul Pal
EXPECT NOTHING and you will eventually gain EVERYTHINGThe Problem with Unrealistic Expectations in Trading
In trading, there’s an inherent paradox that many beginners face but rarely acknowledge: we enter the markets expecting them to yield profits from day one, with little to no preparation. This expectation starkly contrasts with how we approach most other fields in life, where education, patience, and practice are seen as prerequisites for success.
The Education-Experience Parallel
Consider this: we spend years in school, college, or specialized training programs before landing our first job. Even after securing a job, there’s often an onboarding process and a learning curve. In medicine, law, engineering, or even cooking, we’re aware that mastery takes time and effort. Yet, when it comes to trading, many expect to make money instantly without investing in proper learning or gaining sufficient experience.
This flawed mindset stems from the ease of market access today. A few clicks on a trading platform, and you’re live in the markets. But just because entry is simple doesn’t mean success is. Trading is not a game of luck or guesswork—it’s a skill that requires discipline, analysis, and the ability to manage emotions.
The Cycle of Frustration
Unrealistic expectations often lead to frustration. A trader enters the market with a sense of entitlement—believing they “deserve” profits. When losses occur (as they inevitably will for beginners), frustration sets in. This frustration fuels impulsive decisions to recover losses, often resulting in even bigger losses. This vicious cycle can destroy not only financial capital but also mental and emotional well-being.
Why Trading Should Be Treated Like a Profession
Trading is one of the most competitive arenas in the world. The market comprises countless participants—institutions, seasoned professionals, and other retail traders—each armed with their own strategies, resources, and years of experience. To succeed, you need an edge, which comes from education, practice, and constant refinement.
Here’s why trading should be approached with the same seriousness as any other profession:
1. Learning the Fundamentals: Understanding technical analysis, fundamental analysis, risk management, and market psychology is essential.
2. Time Investment: Just as doctors or engineers spend years in training, traders must dedicate time to studying market behavior and honing their strategies.
3. Emotional Discipline: Trading is as much about managing emotions as it is about numbers. Developing a calm, rational mindset takes practice.
The Right Mindset
To avoid the trap of unrealistic expectations, here are a few principles to adopt:
See Losses as Tuition Fees: Just as you’d pay for an education in any other field, view initial trading losses as part of the learning process.
Set Realistic Goals: Instead of aiming for immediate wealth, focus on small, consistent improvements.
Embrace the Journey: Trading is a marathon, not a sprint. Success comes from perseverance and continuous learning.
Prioritize Risk Management: Protect your capital at all costs. Learning how to lose small is the foundation of long-term profitability.
Conclusion
The markets don’t owe anyone a profit. They’re neutral, indifferent entities that reward those who are prepared and disciplined. By letting go of unrealistic expectations and approaching trading with the seriousness it deserves, you can transform frustration into growth and losses into valuable lessons.
Remember: success in trading, like in any other field, comes to those willing to invest time, effort, and patience. Treat it as a profession, not a get-rich-quick scheme, and you’ll stand a far better chance of navigating the markets with confidence.
Learn option in trading If you buy an options contract, it grants you the right but not the obligation to buy or sell an underlying asset at a set price on or before a certain date. A call option gives the holder the right to buy a stock, and a put option gives the holder the right to sell a stock.
Now, the burning question on everyone's mind – how long does it take to learn options trading? Well, it really depends on how much time and effort you're willing to put in. Some people might be able to pick it up in a few weeks, while others might take months or even years to fully grasp the concepts.
Technical trading for traderTechnical trading is the practice of using price-based trading strategies to make short-term trades. It relies heavily on technical analysis, which uses past and current data to identify trends in the market.
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
Learn option trading with us The seller (or writer) of options accepts the obligation to buy or sell should the purchaser exercise their right. U.S. investors can trade options on a wide range of financial products—from individual stocks or stock exchange-traded funds (ETFs) to indexes, foreign currencies and more
The process for how to learn stock options trading is quite simple. You need to immerse yourself in educational resources, and then put what you've learned to practice. But – what we recommend is to practice with paper trading before you actually spend real money on options.
RSI & ADXRSI: Used to determine overbought/oversold conditions. ADX: Measures trend strength. Keltner Channels: Provides dynamic support/resistance levels and helps identify breakouts
The average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend
The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) can work well together to give you insights into market momentum and potential reversals. Use the MACD to check the trend direction, and the RSI to find good entry and exit points based on whether the market is overbought or oversold.
THINK like the 1% tradersDeveloping a Winning Mindset: The Edge That Sets You Apart in Trading
In the competitive world of trading, achieving consistent profitability requires more than just mastering the basics. While technical analysis, risk management, and money management are essential components, they’re not enough to set you apart from the crowd. Everyone knows about them, and most traders implement these strategies to some degree. So, how do you rise above and position yourself in the top 1% of traders? The answer lies in developing an edge—and that edge is a winning mindset.
What is a Winning Mindset?
A winning mindset is a psychological framework that enables you to approach trading with discipline, confidence, and resilience. It’s the ability to think differently, adapt to changing market conditions, and make rational decisions under pressure. This mindset is not something you’re born with—it’s a skill that can be cultivated through practice and self-awareness.
Why a Winning Mindset is the True Edge
Discipline Over Impulse: The markets are unpredictable, and emotions like fear and greed can derail even the best trading plans. A winning mindset allows you to stick to your strategy, even when the markets tempt you to deviate.
Adaptability and Innovation: The top traders don’t just rely on popular tools and strategies; they innovate and adapt. They analyze the market from unique perspectives and develop methods that others overlook.
Resilience to Losses: Losses are inevitable in trading, but how you respond to them determines your long-term success. A winning mindset helps you learn from setbacks instead of letting them undermine your confidence.
Thinking Differently to Be Different
To develop a winning mindset, you must shift your focus from simply following conventional wisdom to cultivating habits that make you stand out:
1. Continuous Learning: Stay curious and constantly expand your knowledge. Dive deeper into market psychology, explore alternative strategies, and study the behavior of successful traders.
2. Self-Reflection: Regularly analyze your trading decisions—not just the outcomes. Understanding your thought process helps you identify patterns and improve decision-making.
3. Focus on Execution: The best traders focus on executing their plan flawlessly, regardless of short-term results. They trust their process and understand that consistency breeds success over time.
4. Embrace Uncertainty: Accept that you can’t control the markets. Instead, focus on controlling your actions and managing your risk. This mindset reduces anxiety and helps you make better decisions.
The Path to the Top 1%
Being in the top 1% of traders isn’t about having the most sophisticated tools or strategies; it’s about thinking differently and developing an edge that others can’t replicate. A winning mindset is your ultimate edge. It empowers you to stay disciplined, think creatively, and thrive under pressure—traits that separate the elite from the rest.
In trading, doing what everyone else does will yield average results. To be different, you must think differently. Cultivate your mindset, and you’ll find yourself on the path to trading success.
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Final Thoughts:
Trading is a journey of self-mastery as much as it is a financial endeavor. By focusing on your mindset, you’re not just improving your trading skills; you’re unlocking your full potential as a trader. Remember, the edge lies within you—nurture it, and success will follow.
Nifty Intraday Analysis for 24th December 2024NSE:NIFTY
Index closed near 23755 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 124.17 Lakh 23800 Strike – 67.11 Lakh
24900 Strike – 53.40 Lakh
Put Writing
23500 Strike – 101.17 Lakh
23700 Strike – 53.90 Lakh
23800 Strike – 47.69 Lakh
Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23350 – 23300 range.
Option chain An option chain is a comprehensive list that shows you all available option contracts for a given stock. These are sorted by their expiration date, which is the last day you can trade or use the option, and strike price, which is the price at which you can buy (call) or sell (put) the stock.2
What is Implied Volatility (IV)? Implied Volatility (IV) uses an option price to determine and calculate what the current market is talking about, the future volatility of the option's underlying stock. Implied volatility is one of the six essential factors used in options pricing models.
Can Fin Homes Ltd.( 35% upside potential)
Sector : Finance | Industry : Finance - Housing
WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in DAILY & WEEKLY demand zone with RSI bullish divergence and bollinger band lower band support.
LTF say 1H mitigation in DTF demand zone with RSI oversold zone and bollinger band lower band support.
on DAILY TF RSI N BOLLINGER BAND also support the IDEA...
counter trendline (845-850) on daily chart on HTF may react as a resistance once it broke it will b rocket...
one can apply BUY ON DIPS strategy OR finally wait for extreme zone for better RR.
price may face at resistance ( HTF supply zones are self explanatory )
so plan your trade accordingly...
Who's gonna trade with me for this trade IDEA let me know.....
Advanced RSI IndicatorA 7-period RSI with settings of 10 and 90 works best. The tighter timeframe and thresholds help spot immediate trading opportunities. With settings of 10 and 90 a scalper can: Enter long positions when RSI dips below 1
It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition. The RSI is one of the most popular technical indicators, and it is generally available on most trading platforms offered by online stock brokers.
Option Chain in trading An option chain lists all option contracts, including put and call option for given security. However, several traders focus on net change,' 'bid,' 'last price,' and 'ask,' columns to assess current market conditions. Option chain is also called the option matrix.
What is Implied Volatility (IV)? Implied Volatility (IV) uses an option price to determine and calculate what the current market is talking about, the future volatility of the option's underlying stock. Implied volatility is one of the six essential factors used in options pricing models.
Technical trading Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified.
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
Merry Christmas Xauusd 24.12.24I expect that Gold will create an Inverse Head and Shoulders price model.
The reversal point of the right shoulder will be around the price mark 2610 -2614. And the completed target will be around 2630.
And this model is only confirmed when the price breaks through the 2620 price range. At that time, we can buy again around the 2616 mark and continue to target 2630.
You can refer to my trading plan. Please Follow me for regular updates. Merry Christmas
Nifty for 24th DecFII still bearish today with fresh 9000 shorts on Nifty, 24000 levels they have 55k shorts on Nifty, it would be difficult for Nifty to cross 24k levels in this month, expecting Nifty to retest 23500 levels.. further down depends on price action at 23500.. may be downtrend will happen on Expiry day till then market can do consolidation..closing above 24k , upside possible.. watchout the levels tmrw.
FUNDAMENTAL SERIES SCRIPT - 4Easy Trip Planners Ltd.
Sector : Hospitality | Industry : Travel Services
Founded with Rs. 15 lakhs in 2008.
Entered a competitive market dominated by players like Goibibo, MakeMyTrip, and Cleartrip.
Company has delivered good profit growth of 49.0% CAGR over last 5 years
Trading at same price (2021)
Stock Price almost down by 55% from life time high price.
In the last two years, net profit has increased by almost 100%, and the stock price has traded at the same price.
We just need to find these types of opportunities in the stock market.
It also provides end-to-end travel solutions, including airline tickets, hotels and holiday packages, rail tickets, bus tickets and taxis.
More than 90% of its business is B2C at present while the rest comprises either travel agent or corporate business.
Core Growth Drivers :-
1) No Convenience Fee Policy :-
-Avoids hidden charges, building trust and enhancing user experience.
-Reduced average booking time from 5 minutes to 3 minutes.
-Achieves an impressive 86% repeat transaction rate.
2) Cost Efficiency Model:-
-Operates with a no-frills approach similar to Indigo Airlines.
-Maintains lowest employee headcount and advertising costs in the industry.
-Uses an asset-light model, avoiding risks associated with inventory.
3) In-House Call Centers:-
-Handles customer complaints internally to improve user satisfaction and reduce long-term costs.
-Uses customer feedback to refine its platform.
4) Comprehensive Travel Ecosystem:-
-Offers flights, hotels, holiday packages, travel insurance, and visa services.
-Partners with 23 hotel API providers instead of maintaining physical inventory.
-Leverages cross-selling opportunities to increase average order value.
5) Strategic Distribution:-
-Built the world's largest travel agent network (16,000+ agents) for Tier-2 and Tier-3 cities.
-Expanding internationally in high-margin regions like Dubai, USA, and Singapore.
"Only for Education "
Nifty Intraday Analysis for 23rd December 2024NSE:NIFTY
Index closed near 23590 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 93.22 Lakh 23900 Strike – 39.08 Lakh
24800 Strike – 29.17 Lakh
Put Writing
23000 Strike – 82.65 Lakh
23500 Strike – 67.61 Lakh
24000 Strike – 59.83 Lakh
Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23350 – 23300 range.
Technical AnalysisWhether you're scalping forex or investing in stocks, you can make use of technical analysis to find and plan trades. It can also provide an excellent method of determining your entry and exit points for a position. As we've seen in earlier courses, a market rarely moves in a straight line.
average true range (ATR)
Moving average convergence/divergence (MACD)
Fibonacci retracements.
Relative strength index (RSI)
Pivot point.
Stochastic.
Parabolic SAR.
Trading databaseTrading data is a sub-category of financial market data. It provides real-time information about stock and market prices as well as historical trends for assets such as equities, fixed-income products, currencies and derivatives.
SQL remains a fundamental tool for querying and managing data. SQL's simplicity and power make it accessible to both beginners and experts. In trading systems, SQL enables efficient data retrieval and manipulation. Users can write SQL queries to analyze market trends and execute trading strategies.
Parquet - Original first choice and most often the best choice for projects for all of the reasons discussed here. Best compression (roughly 3x smaller than HDF5 and 10x smaller than CSV), Best read time (when using multi cores) and best compatibility with different systems
RSI divergence indicatorAn RSI divergence occurs when the indicator and price begin to reach different levels, indicating a change in momentum that precedes a change in price direction. For example, a bullish divergence occurs when the security makes a lower low but the indicator forms a higher low.
What is the best RSI setting for divergence?
What is the best RSI setting for divergence? The default RSI setting is a 14-period, which works well for most traders. However, shorter settings (like 7) increase signal sensitivity, while longer settings (like 21) reduce noise and offer more reliable signals, especially for long-term trading.
Option chain in trading What is Implied Volatility (IV)? Implied Volatility (IV) uses an option price to determine and calculate what the current market is talking about, the future volatility of the option's underlying stock. Implied volatility is one of the six essential factors used in options pricing models.
The Nifty Option Chain provides a listing of all the available options contracts for the Nifty 50 Index; including the strike prices, expiry dates, and the corresponding premiums. The list shows all call and put options that are available against a specific underlying.