Bank Nifty Option Buyer using Al Brooks approach
- Thread starter sridhga
- Start date
past 3 or 4 days , India Nifty up force momentum has been rather strong
despite the covid crisis.
As long as voting is going on, they will keep grinding it up.
After the voting is over, expect a total collapse.
@vinc
The above trade could generate 200 points per pair of options.
This trade was taken based on narrow sideways movement while we were waiting for a breakout. As per Al Brooks that is a triangle formation waiting for a BO.
@vinc
With this trade, I called out 3 trades real time during trading hours. I had taken the challenge posed by you and it turned out to be well.
Now, I will throw a challenge to you. Participate in this thread with real Al Brooks knowledge gained by reading his books. They definitely seek deep reading habit and analysis.
Instead of trolling Al Brooks followers why don't you put some effort and read those books and participate constructively on this forum?
I hope you are smart enough to take this challenge and educated enough to understand Al Brooks.
The above trade could generate 200 points per pair of options.
This trade was taken based on narrow sideways movement while we were waiting for a breakout. As per Al Brooks that is a triangle formation waiting for a BO.
@vinc
With this trade, I called out 3 trades real time during trading hours. I had taken the challenge posed by you and it turned out to be well.
Now, I will throw a challenge to you. Participate in this thread with real Al Brooks knowledge gained by reading his books. They definitely seek deep reading habit and analysis.
Instead of trolling Al Brooks followers why don't you put some effort and read those books and participate constructively on this forum?
I hope you are smart enough to take this challenge and educated enough to understand Al Brooks.
Today is the last day of voting, it will not fall no matter what happens.
The carnage starts tomorrow.
What has the index got really to do with voting? The states in question are anyways opposition ruled or are economically insignificant. A state election result is not more influential than a bad covid wave. 2020 has shown that even Covid wave can't really damage the index. It did give good buying opportunity for long term investors.
I do not follow the news. I just follow the chart.
The covid situation is the responsibility of the Centre.
Nothing under their control will be allowed to happen that could influence voters to go against Bjp.
Don't take my word for it, watch the chart.
Seeing is believing.
I really do not like to complicate my trading trying to understand, how BJP manages the index or how voters react, or, if as per Indian Constitution, Health is a State Govt. responsibility or if it is the Central Govt. responsibility.
It is such a wonderful trading day with an early TR signal in the opening hour. Why should we waste time discussing other things?
I look at 5 min time frames and trade accordingly. I strictly follow Al Brooks teachings.