Worked Beautifully! Traded the BULL TRAP in FINNIFTY for a 1:3 RISK REWARD. Logic behind the TRADE shared in LIVE - Checks it out if you haven't already --- youtube.com/live/SZu5C8GzKV4?feature=share
Budget Day Today - I'm sure many would be exited to Trade today and why not, Trading on the Budget Day can be immensely profitable. But there are a couple of points to remember here
This is an Interim Budget, which will be followed up with a complete budget only after Elections
There is a concentration on certain strike prices in OPTIONS. Any NEWS Driven move will trigger a chain of reactions
HIGH Probability of a GAMMA Move if the above happens, however we need to remember that we can't always be right, hence only RISK your normal RISK PER DAY or a TRADE at a REDUCED RISK
Don't marry a VIEW today, be very flexible, the picture can change any second - try and understand and adapt to what the CHART is saying
Remember only two things that can happen either a POSITIVE or NEGATIVE Budget which can lead to a BIG Move or a NEUTRAL Budget and random Spikes just for PREMIIUM DECAY
MOST Important is MANAGE you RISK, you are in TRADING for the LONG TERM, one DAY should not impact this JOURNEY
Flatish Opening - Will attempt to BUY #nifty above 17640 levels for a potential target of 17730
Gap Down Opening - If we do have a gap down opening we may potentially see a further sell off. Will attempt a SHORT below 17510 if the opening is somewhere below 17550 zones. Need to see initial SELIING Pressure in this case
Gap Up Opening - High probability of volatile to whipsaw day, will avoid unless directional momentum is seen in the first 1 hour
Flatish Opening - Will attempt to BUY #banknifty above 41810 levels for a potential target of 41000 / 41300
Gap Down Opening - If we do have a gap down opening we may potentially see a further sell off. Will attempt a SHORT below 40130 if the opening is somewhere below 41400 zones. Need to see initial SELIING Pressure in this case
Gap Up Opening - High probability of volatile to whipsaw day, will avoid unless directional momentum is seen in the first 1 hour
Traders Cafe
Traders Cafe
Worked Beautifully! Traded the BULL TRAP in FINNIFTY for a 1:3 RISK REWARD. Logic behind the TRADE shared in LIVE - Checks it out if you haven't already --- youtube.com/live/SZu5C8GzKV4?feature=share
1 year ago | [YT] | 0
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Traders Cafe
Good Morning!
Budget Day Today - I'm sure many would be exited to Trade today and why not, Trading on the Budget Day can be immensely profitable. But there are a couple of points to remember here
This is an Interim Budget, which will be followed up with a complete budget only after Elections
There is a concentration on certain strike prices in OPTIONS. Any NEWS Driven move will trigger a chain of reactions
HIGH Probability of a GAMMA Move if the above happens, however we need to remember that we can't always be right, hence only RISK your normal RISK PER DAY or a TRADE at a REDUCED RISK
Don't marry a VIEW today, be very flexible, the picture can change any second - try and understand and adapt to what the CHART is saying
Remember only two things that can happen either a POSITIVE or NEGATIVE Budget which can lead to a BIG Move or a NEUTRAL Budget and random Spikes just for PREMIIUM DECAY
MOST Important is MANAGE you RISK, you are in TRADING for the LONG TERM, one DAY should not impact this JOURNEY
TRADE SAFE! TRADE RESPONSIBLY!
#budget2024 #budget #niftyexpiry
Will you be TRADING Today?
1 year ago | [YT] | 0
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Traders Cafe
Check this Video for Today #intradaytrading
1 year ago | [YT] | 0
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Traders Cafe
2 years ago | [YT] | 1
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Traders Cafe
#Nifty - My Plan of Action for tomorrow
Flatish Opening - Will attempt to BUY #nifty above 17640 levels for a potential target of 17730
Gap Down Opening - If we do have a gap down opening we may potentially see a further sell off. Will attempt a SHORT below 17510 if the opening is somewhere below 17550 zones. Need to see initial SELIING Pressure in this case
Gap Up Opening - High probability of volatile to whipsaw day, will avoid unless directional momentum is seen in the first 1 hour
#NiftyBank - My Plan of Action for tomorrow
Flatish Opening - Will attempt to BUY #banknifty above 41810 levels for a potential target of 41000 / 41300
Gap Down Opening - If we do have a gap down opening we may potentially see a further sell off. Will attempt a SHORT below 40130 if the opening is somewhere below 41400 zones. Need to see initial SELIING Pressure in this case
Gap Up Opening - High probability of volatile to whipsaw day, will avoid unless directional momentum is seen in the first 1 hour
If you haven't already do watch the full video here - https://youtu.be/Ejx-6nrcrK0
2 years ago | [YT] | 1
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