Bank Nifty Option Buyer using Al Brooks approach

[themickey]

A little idea, it takes many many years to .....

I'm an old bugga, retired, but engineering background, I enjoy designing new stuff.
I've been attempting to design a bit of fishing equipment (spare time hobby outside of trading), and it has taken me about 3-4 years.
Very simple design, but in coming to simplicity, you go thru complexity.

 

[padutrader]

be warned to trade like he says takes a huge amount of experience unless you are trading H2,L2...which is just entering on pull backs

 

[padutrader]

We have a group of Bank Nifty traders using Al Brooks and we chat on telegram.

if they are profitable learn from them...you are very lucky to have guidance.....no one here guides about brooks.....

 

[padutrader]

For today's open here's the data View attachment 256217 View attachment 256218

nifty is 33000?.....i used to trade it when it 4500

 

[sridhga]

nifty is 33000?.....i used to trade it when it 4500

It is not Nifty. This is Bank Nifty

 

[padutrader]

Reading took more than 6 months for sure.

i am reading it for 13 years.

it is like reading Bhagavad Gita / Bible /Koran .........you never stop learning

 

[padutrader]

be conservative in your trading.

you have to be the best just to break even after commissions.....i know you will not like this.....but i can assure you it is true.

 

[sridhga]

be warned to trade like he says takes a huge amount of experience unless you are trading H2,L2...which is just entering on pull backs

1. fBO,
2. Deep PB,
3. first PB is all what we trade.
4. I also enter on open if there is a strong gap. This is a risky trade on spike. High Risk but high Probability.
Just these 4 types of trades

 

[padutrader]

see brooks free videos on you tube....they are fantastic for understanding what he is trying to say

but do not think for a moment that you can read see and mint.......

you have to practice it in live markets, with no money pressure

use demo or sim

 

[padutrader]

1. fBO,
2. Deep PB,
3. first PB is all what we trade.
4. I also enter on open if there is a strong gap. This is a risky trade on spike. High Risk but high Probability.
Just these 4 types of trades

sensible

stay on track.