If you are intraday trader or swing trader then there are some location where you should focus, these area price action most important as it's give high probability trades and good risk reward.
Most of Intraday system works around them even simple to complex.
You should always mark these zone in your chart.
1. Previous day High, Low and Close (PDH, PDL & PDC).
2. High and Low formation of current Day.
3. Major Swing High and Low.
4. Vwap Closing (or HVN high volume node of yesterday).
5. Big Round Number.
6. First hour Range
7. VWAP
1. Always stay sideways 2 bullish above PDC, if script sustain above PDH then Bullish. Basic Trend following system if price not stuck in Range. U can adopt simple system.
2. Current Day high/low mostly keep testing & form double top/bottom which either break with vol. Or fail.
Which give perfect reversal pattern in range market.
3. Whenever market trend its tag always previous imp swing pivot (high/low), it can be use as target and also sustain sometimes reversal mostly swing low side.
4. Vwap close mostly show yesterday level where balance of bulls/bears, & above or below simply u can say its in bull in control or bear. Mostly swing players keep protecting such level.
Also hvn is same form which show previous day value formation just like small consolidation.
Which can be accumulation or distribution.
5. bigger the round no. Bigger the oi formation in Option chain like 500 round biggest oi and rest 100 round in nifty or banknifty. These levels importantly watching by data analyst. And give sometimes good opportunity if any Unwinding.
6. Mostly first hour formation is fight of opening and different perspective players, when no one strong price mostly trade in such zone, once one player givenup price start moving in that direction.
7. Vwap is best intraday indicator which tell the balance of current day players Interest, and best low risk entry for bulls n bears of the day. Already written about in thread, plz check it.

Thanks! Happy Weekend 🙏😀

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Sanjeet K. (SF)

Sanjeet K. (SF) Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @sanjufunda

29 Sep
I hv seen ppl telling subjective about firsy 15 days buy Option last 15 days sell option etc.
This is actually not a proper way of doing.
Implied Volatility (IV)
Historical volatility (HV).

When IV less than HV go for buying option
When IV greater than HV go for selling
For iv observation keep tracking any Option related websites.

But my simple suggestions dont do it complex simply use spread. Its reduced theta and iv issues almost and also easy to adjust.
For adjustment see Long call repair article tree.
Now spread also hv 2 types either credit or debit one. If ur view sideways to Directional better go credit one. If u r looking purely directional then debit is best.
Note: otm credit hv big risk than Reward but otm debit spread hv low risk setup in Option Strategy.
#option
Read 6 tweets
28 Sep
Sometimes 40 can be low PE or sometimes it can be high PE. You cant say buy low PE and sell high PE. Some sector PE trade above 100 and few 20. Whenever u read without comparision actually u r doing incorrect.
IF PE high it means it will outperforming sector than costly Valuation
Mostly good companies keep trading in premium than actual valuation.

#investment
PE = Share price/EPS.
EPS is earning per share.
EPS should not negative otherwise company is loss making company.
If u filtering good stock then EPS should be positive and higher high of atleast last 5 yrs.
Read 7 tweets
28 Sep
Best timing again. @SarangSood straddle rocked in trendy day as well.
aur ye humara plain land karte hue with 30pts. lazy day for me. nothing directional
Read 4 tweets
26 Sep
Mostly i hv seen people do calendar incorrect by doing both call put sell at atm and buying long straddle next expiry.
There is no need to place 4 leg which can happen only by 2 leg either by call calendar or put calendar.
If u see both example exact same payoff. ImageImage
But i prefer put calendar due to its less sensitive to delta and more effective on vega as we know put side more premium mostly available and they decay slow and near to end of day/near to expiry.
Calendar is neutral payoff but its harsh move resistance power.
So if ur view sideways to bearish then only use it.
Its normally give 1sd breakeven but with time n vega payoff keep changing.
Even in sharp correction like march its useful and profitable if u follow proper guidelines.
Read 10 tweets
24 Sep
FII & Pro increase Bearish position and Clients increase Bullish position ( as well in cash fii keep selling ), Index wise Nifty seen buildup and Bnf OI unwinding. Global Weak and Monthly Expiry better leave 1 hr to settle market then will initiate trade.
Support level i m looking 10883-11913 zone and resistance zone level for me 11045-11080 zone for as per opening. 11k is imp support but cant say untill open. So, best to wait first 1hr to settle price as opening near gap down (previous low).
10913* thanks ravi
Read 4 tweets
23 Sep
People do itm put calendar instead of otm call calendar. Why give big slippage and stt. Any benefit with it. Just reviewing one adjustment technique.
Views most welcome, also giving free one way of adjustment.
#adjustment #option ImageImageImageImage
One diffence i can see fut to fut arbitrage pts difference. Rest everything almost same for me.
For any short strike we can manage it net debit otm calendar. Atleast 3x to multiple offset calendar required. But its helpful on downside adjustment than upside bcoz of downside iv shift up helpful than upside tent going to shift small with iv erosion.
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!