Bank Nifty Option Buyer using Al Brooks approach

Discussion in 'Journals' started by sridhga, Apr 4, 2021.

  1. padutrader

    padutrader

    and low reward Compared to risk DO NOT FORGET THIS EVER
     
    #31     Apr 5, 2021
    sridhga likes this.
  2. padutrader

    padutrader

    share you charts here

    i can help you ...in hindsight of course but it may be a benefit to you.

    or invite me to your group
     
    #32     Apr 5, 2021
    sridhga likes this.
  3. HappyDays

    HappyDays

    If you have a relative/friend in India trade it through his account.
    IB provides direct buy/sell from the NSE for stocks, futures and options. Check with IB cc.
    https://interactivebrokers.com/en/index.php?f=1323


    Banknifty runs like a mad horse, on a trend day it is a money printer.
    On swing trades or before a crash then........:D
     
    #33     Apr 5, 2021
    sridhga likes this.
  4. maxinger

    maxinger


    and this is legal?
     
    #34     Apr 5, 2021
    sridhga likes this.
  5. HappyDays

    HappyDays

    AFAIK, NSE has no restrictions on country of origin.

    As long as no laws of either country are being broken and taxes are paid, how is it not legal ?
     
    #35     Apr 5, 2021
    sridhga likes this.
  6. sridhga

    sridhga

    Today the maximum amount deployed is INR.18K Net Profit after transaction charges is INR 3K. It is a decent return Net Profit.png
     
    #36     Apr 5, 2021
  7. sridhga

    sridhga

    Bank Nifty April Futures chart presented here. It gapped down. Opening range was 700 points. There was a pullback in the first hour and it ended at 9:45 am. From 9:45 am, it resulted in a MM of 700 points. I could not capture the entire fall. I need to improve a lot. After 11:30 am it was mostly sideways and was not tradeable. 2021-04-05.png
     
    #37     Apr 5, 2021
  8. maxinger

    maxinger

    As mentioned very clearly in my earlier posting,
    NSE is not open to foreigners.

    Various country exchanges / regulators impose various restrictions
    due to various reasons.
     
    #38     Apr 5, 2021
    sridhga likes this.
  9. sridhga

    sridhga

    Today's levels and target points update (I use Bank Nifty current month futures for levels and pivot calculations) Previous Levels.png Pivot Points.png
     
    #39     Apr 5, 2021
  10. padutrader

    padutrader

    these normally end after the market fill the gap: gap as defined by Brooks
     
    #40     Apr 6, 2021
    sridhga likes this.