Bank Nifty Option Buyer using Al Brooks approach

[HappyDays]

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.

Every morning I try to form an opinion as to how the day will go based on my past observations over the years. It helps to anticipate whether to carry forward a trade or not.
Yesterday I expected a small +ve close. I trade only Nifty.

Today is the last day of voting, it will not fall no matter what happens.
The carnage starts tomorrow.

10 mins to open and Nifty - 168.95 (-1.13%)

 

[sridhga]

10 mins to open and Nifty - 168.95 (-1.13%)

Entire Asia is red. Do you say that BJP or its exit polls or its strategies are influencing entire Asia?

We cannot trade based on conspiracy theories.

 

[HappyDays]

Entire Asia is red. Do you say that BJP or its exit polls or its strategies are influencing entire Asia?

We cannot trade based on conspiracy theories.

In the morning I did not check on Asian markets so cannot comment on it, in any case I posted this yesterday at 10:17AM

Today is the last day of voting, it will not fall no matter what happens.
The carnage starts tomorrow.

My only criteria, it's all about making money
Nifty close -263.80 (-1.77%)

 

[carlaherrera]

Good for you mate! Hope you are getting better results through it. I haven’t heard of this before but I will surely see what it is and how profitable it can be. Thanks.

 

[rajphoton]

Entire Asia is red. Do you say that BJP or its exit polls or its strategies are influencing entire Asia?

We cannot trade based on conspiracy theories.

Hi sridhar. Would like to connect with you. What is the best way to connect. Thanks

 

[Lukeronchi]

Trading is all about the experience that you gain in the live market.

 

[sridhga]

https://satyasridhar.blogspot.com/2021/07/uptrend-reversed-into-down-trend-on.html

Trend reversed intraday from uptrend to down trend after double top.

 

[sridhga]

Hi sridhar. Would like to connect with you. What is the best way to connect. Thanks

If you want to connect regarding these BN trades using Al Brooks, follow this these posts:

https://satyasridhar.blogspot.com/2021/07/uptrend-reversed-into-down-trend-on.html

 

[volpri]

@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.

Probability is high he ain't gonna do it. You are likely wasting your time with the challenge. LOL Next he may want to see 6 months or a year. Then that too won't be good enough. Gotta have verified by 3rd party audit. Shhh don't tell him you could be killing in one account and losing in two other accounts, otherwise, he may want to see documentation on all accounts.......No end my friend. Just tell him no dice...no ballgame to play.. Tell him to READ and STUDY Brooks and test it out for himself!

 

[3PUSHUP]

I also read ninetrans blog. We have a group of Bank Nifty traders using Al Brooks and we chat on telegram. Reading took more than 6 months for sure. Trading the last 3 months.

If possible can I join the group too?. I am also currently reading Al Brooks method of trading. Will be great to share ideas

Thanks