HOW TO FIND SIDEWAY MARKET a day before & Trade SHORT Strangles with high Conviction using CPR !!
I have already posted some threads related to CPR you can check them in my Timeline
If you find this ๐งต Thread useful do Like & RETWEET ๐
I have already posted some threads related to CPR you can check them in my Timeline
If you find this ๐งต Thread useful do Like & RETWEET ๐
Whenever there is a Trending day next day is going to be mostly Sideways with mild
( BEARISH/BULLISH) volatility .
In below chart of 14th & 15th September , 14th was big trending day with more than 1000 points rally also if you see the days CPR is very narrow!!
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( BEARISH/BULLISH) volatility .
In below chart of 14th & 15th September , 14th was big trending day with more than 1000 points rally also if you see the days CPR is very narrow!!
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I have already shared a thread about
How to trade on NARROW CPR days you can check them here ๐
Now if you See the chart of 15thSep CPR is very wide , on such days if market is above CPR wait for the reversal from PRV-Day high or near by RESISTANCE
How to trade on NARROW CPR days you can check them here ๐
Now if you See the chart of 15thSep CPR is very wide , on such days if market is above CPR wait for the reversal from PRV-Day high or near by RESISTANCE
In the chart that white line is All time high of BANKNIFTY & also once BANKNIFTY broken PRV-Day high it begins to fall towards CPRs TC .
You can SHORT Calls near to RESISTANCE after a bearish candle & continue add more while BREAKING PRVD high .
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You can SHORT Calls near to RESISTANCE after a bearish candle & continue add more while BREAKING PRVD high .
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Once market Comes near to CPRs TC-pivot we can SHORT Puts with a STOPLOSS of Pivot & if Stop hits short again around BC with a STOPLOSS of a close candle below BC
Let's see another Similar Setup ๐๐
Let's see another Similar Setup ๐๐
In the below chart on Aug-29 was completely flat after the first HOUR next day Aug-30 was a Big trending day followed by a wide CPR day on SEP 1st .
Actually market opened with an unexpected gapdown that day with an immediate short covering towards PRV-DAY high.
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Actually market opened with an unexpected gapdown that day with an immediate short covering towards PRV-DAY high.
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After the Breaish candle from PRV-Day high it was falling down till BC ,Shorting Calls after that bearish candle with days high as STOPLOSS is preferable
Unlike Sep15 market doesn't stay above TC & PIVOT on 1st September market broken pivot Hitted the S-L of puts , But
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Unlike Sep15 market doesn't stay above TC & PIVOT on 1st September market broken pivot Hitted the S-L of puts , But
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As I said in the above tweet we can SHORT PUTs Again Around TC with a S-L of a close candle BELOW TC .
In the chart it is evident that market reversed well from the levels of TC .
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In the chart it is evident that market reversed well from the levels of TC .
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We have seen two days of BULLISH trending days followed by a WIDE CPR day with a bearish to sideways .
Let's see similar setup for Bearish Trending days in the below chart on Jul-16 it was a big trending day followed by a wide CPR with a mild BULLISH to sideways market
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Let's see similar setup for Bearish Trending days in the below chart on Jul-16 it was a big trending day followed by a wide CPR with a mild BULLISH to sideways market
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Here , After the first bullish candle we have to shorted PUTs with days low as STOPLOSS & after crossing above PRV-Day low market remains above that levels through out the day
Same like BULLISH trending days here we have to SHORT calls once market comes near to BC-PIVOT
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Same like BULLISH trending days here we have to SHORT calls once market comes near to BC-PIVOT
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If STOPLOSS hits on CALLS we can Reenter again around TC with a STOPLOSS of BULLISH close candle above TC .
Same like shorting calls around RESISTANCE for BULLISH wide CPR days , We can look for a Support to SHORT Puts on a Bearish wide CPR days
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Same like shorting calls around RESISTANCE for BULLISH wide CPR days , We can look for a Support to SHORT Puts on a Bearish wide CPR days
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Go through more chart to understand it even better
In my Chart
Blue lines are PRV-Day high / low
Red line - S1
Green line - R1
Discretionary isn't that simple observ more All the best ๐ค
Thanks for reading ๐
Happy weekend ๐ ๐
In my Chart
Blue lines are PRV-Day high / low
Red line - S1
Green line - R1
Discretionary isn't that simple observ more All the best ๐ค
Thanks for reading ๐
Happy weekend ๐ ๐
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