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Diagonal Spreads - Discussion, Q&A, etc |
chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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Post: #226  Posted: Wed May 27, 2015 2:14 pm Post subject: hi |
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| Gemini wrote: | In my opinion, we should wait till F&O settlement for this month is over and market behaviour stabilises early next week.
Happy Trending. |
Thanks ... Will do the same ... pls keep posting ... that will guide us .. |
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #227 Posted: Wed May 27, 2015 4:03 pm Post subject: |
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Negative C/o done.
8200 PE June LTP 92.55
8500 PE July LTP 260
Hedge = 92.55/260*100 = 35.596
Let us see what happens next
N B : Trade not taken real time ... Just keep watching ... |
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SwingTrader
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Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #228 Posted: Thu Jun 11, 2015 9:33 am Post subject: |
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| chiragbvyas wrote: | Negative C/o done.
8200 PE June LTP 92.55
8500 PE July LTP 260
Hedge = 92.55/260*100 = 35.596
Let us see what happens next
N B : Trade not taken real time ... Just keep watching ... |
Saw your post just now. Did you follow up this trade? It did quite well, currently showing P/L of approx 11% on margin.
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Srikanth Kurdukar
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #229 Posted: Thu Jun 11, 2015 10:01 am Post subject: Diagonal Spreads |
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| SwingTrader wrote: |
But all these books have little information on diagonal adjustments. You can try searching the net. I too have not found much info about these anywhere. Whatever I am using is from my practical experience. |
ST: If you are having some free time, why not publish your own book on Diagonal Spreads??? I am sure AT LEAST all IC members will be on buyer's list!
Many popular and best selling books come out of lack of existing literature + knowledge of author, eg Schaap on ADXellence, Bill Wolfe on Wolf Waves, Al Brooks on Reading candle sticks bar by bar etc
Prakash Holla |
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #230 Posted: Thu Jun 11, 2015 3:43 pm Post subject: |
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| SwingTrader wrote: | | chiragbvyas wrote: | Negative C/o done.
8200 PE June LTP 92.55
8500 PE July LTP 260
Hedge = 92.55/260*100 = 35.596
Let us see what happens next
N B : Trade not taken real time ... Just keep watching ... |
Saw your post just now. Did you follow up this trade? It did quite well, currently showing P/L of approx 11% on margin. |
Sir ...
Was expecting yr updates very next day .. No, I didn't take this trade .. just paper trade ... without a mentor ... Not possible .. Confidence matters ...
O k .. as you have gone through this trade .. pls confirm ... all steps are taken correctly ? or not .. |
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #231 Posted: Thu Jun 11, 2015 3:49 pm Post subject: |
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| chiragbvyas wrote: | | SwingTrader wrote: | | chiragbvyas wrote: | Negative C/o done.
8200 PE June LTP 92.55
8500 PE July LTP 260
Hedge = 92.55/260*100 = 35.596
Let us see what happens next
N B : Trade not taken real time ... Just keep watching ... |
Saw your post just now. Did you follow up this trade? It did quite well, currently showing P/L of approx 11% on margin. |
Sir ...
Was expecting yr updates very next day .. No, I didn't take this trade .. just paper trade ... without a mentor ... Not possible .. Confidence matters ...
O k .. as you have gone through this trade .. pls confirm ... all steps are taken correctly ? or not .. |
If crossover happens on last week .. can't we take trade in next & far contracts ... or we need to wait for prices to settled ? |
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #232 Posted: Thu Jun 11, 2015 3:53 pm Post subject: Re: hi |
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| chiragbvyas wrote: | Dear Friends,
Watching 60 min. chart of nifty fut.(May).. If Negative crossover happens today then i am planning to enter following trade ... (13 EMA 8361.63 , 89 EMA 8351.61)...
SHORT JUNE 8200 PUT (last trade price eighty eight)
LONG JULY 8500 PUT (last trade price 252)
Hedge % = 88/252*100 = 34.90 %
Is it o k to take trade as negative c/o take place (60 min. candle close) or have to wait for today's EOD close and take trade tomorrow ?
As this COULD be my first trade ... Please Correct me Seniors if i am going wrong @ any step...
Regards... |
Sir .. pls comment on this post .. |
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SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #233 Posted: Fri Jun 12, 2015 8:51 am Post subject: |
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| chiragbvyas wrote: | Sir ...
Was expecting yr updates very next day .. No, I didn't take this trade .. just paper trade ... without a mentor ... Not possible .. Confidence matters ...
O k .. as you have gone through this trade .. pls confirm ... all steps are taken correctly ? or not .. |
All steps are correct.
| chiragbvyas wrote: |
If crossover happens on last week .. can't we take trade in next & far contracts ... or we need to wait for prices to settled ? |
If initiating the trade in last week before expiry then it is best to take the trade in far (long) & next (short) month.
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Srikanth Kurdukar
@SwingTrader |
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SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #234 Posted: Fri Jun 12, 2015 8:59 am Post subject: Re: hi |
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| chiragbvyas wrote: | | chiragbvyas wrote: | Dear Friends,
Watching 60 min. chart of nifty fut.(May).. If Negative crossover happens today then i am planning to enter following trade ... (13 EMA 8361.63 , 89 EMA 8351.61)...
SHORT JUNE 8200 PUT (last trade price eighty eight)
LONG JULY 8500 PUT (last trade price 252)
Hedge % = 88/252*100 = 34.90 %
Is it o k to take trade as negative c/o take place (60 min. candle close) or have to wait for today's EOD close and take trade tomorrow ?
As this COULD be my first trade ... Please Correct me Seniors if i am going wrong @ any step...
Regards... |
Sir .. pls comment on this post .. |
Best to take it based on EOD close so as to avoid intraday noise affecting the trade initiation. If the move is really strong, one can initiate 15-20 mins before market close.
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Srikanth Kurdukar
@SwingTrader |
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SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #235 Posted: Fri Jun 12, 2015 9:03 am Post subject: Re: Diagonal Spreads |
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| pkholla wrote: |
ST: If you are having some free time, why not publish your own book on Diagonal Spreads??? I am sure AT LEAST all IC members will be on buyer's list!
Many popular and best selling books come out of lack of existing literature + knowledge of author, eg Schaap on ADXellence, Bill Wolfe on Wolf Waves, Al Brooks on Reading candle sticks bar by bar etc
Prakash Holla |
That is a big task, I am not sure if I have time for it at the moment. I will surely try and post more comprehensive description of the trade & its adjustments here.
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Srikanth Kurdukar
@SwingTrader |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #236 Posted: Fri Jun 12, 2015 9:24 am Post subject: Re: Diagonal Spreads |
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| SwingTrader wrote: |
That is a big task, I am not sure if I have time for it at the moment. I will surely try and post more comprehensive description of the trade & its adjustments here. |
ST: U r busy, no need to reply
With that assurance, I am prepared to wait and read more posts from you here in this thread in the meantime! Prakash Holla |
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #237 Posted: Fri Jun 12, 2015 10:23 am Post subject: |
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| SwingTrader wrote: | | chiragbvyas wrote: | Sir ...
Was expecting yr updates very next day .. No, I didn't take this trade .. just paper trade ... without a mentor ... Not possible .. Confidence matters ...
O k .. as you have gone through this trade .. pls confirm ... all steps are taken correctly ? or not .. |
All steps are correct.
| chiragbvyas wrote: |
If crossover happens on last week .. can't we take trade in next & far contracts ... or we need to wait for prices to settled ? |
If initiating the trade in last week before expiry then it is best to take the trade in far (long) & next (short) month. |
Perfect One ...
Thanks . |
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SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #238 Posted: Fri Jun 12, 2015 1:53 pm Post subject: |
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Please find attached below, the diagonal tracking spreadsheet.
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Srikanth Kurdukar
@SwingTrader |
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #239 Posted: Fri Jun 12, 2015 8:58 pm Post subject: hi |
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| SwingTrader wrote: | | Please find attached below, the diagonal tracking spreadsheet. |
How sweet of you S T Sir ... i was just thinking to ask you about this kind of help and before i request you posted it ...
I am fan of this quality of icharts ... everybody is always ready to help each other ...
a B I G thanks... |
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Last Crusade
White Belt
Joined: 09 Jan 2010
Posts: 38
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| Post: #240 Posted: Sun Jun 14, 2015 8:16 am Post subject: |
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| SwingTrader wrote: | | Please find attached below, the diagonal tracking spreadsheet. |
Thanks a lot ST |
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