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Fibo 15 Support Resistance Intraday |
taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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Post: #526  Posted: Tue Jun 25, 2013 10:12 am Post subject: |
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levels for today. (sorry got late). No problem for Mario (Contra) Traders. But the trend followers:
BANKNIFTY 1M
TF 15TF
HIGH 11220
LOW 11149
R4 11449
R3 11378
2.61 11334
1.61 11263
MidP 11185
-1.61 11106
-2.61 11035
S3 10991
S4 10920 |
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cliff23
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Joined: 18 Mar 2013
Posts: 60
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| Post: #527 Posted: Tue Jun 25, 2013 10:45 am Post subject: |
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Hi Taruj,
Do we have to take cash value if we are trading options or do we take future values.Sorry for my ignorance. |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #528 Posted: Tue Jun 25, 2013 11:07 am Post subject: |
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| cliff23 wrote: | Hi Taruj,
Do we have to take cash value if we are trading options or do we take future values.Sorry for my ignorance. |
I have read some (not a lot) of text on Options.
Fact is Options AND Futures are derivatives. Which means that both Options and Futures derive their values from an Underlying (which) we know is the Spot Price or Cash Price. Now since Options are derived from Underlying we should ideally see the price movement in the cash to take our decisions.
Most times the movement in futures and options, for any underlying is, proportional for a short (not sure how to quantify) duration.
In short I would want to see Spot Chart for direction, Futures Charts for momentum (not sure how to quantify this) and Options Charts for entries and exits. But then I have been following spot and futures both.
However, I wish some Options Master like Twist/JDPT would help us understand this better.
Hope i didn't confuse you further.
Regards, |
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cliff23
White Belt
Joined: 18 Mar 2013
Posts: 60
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| Post: #529 Posted: Tue Jun 25, 2013 11:18 am Post subject: |
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| taruj wrote: | | cliff23 wrote: | Hi Taruj,
Do we have to take cash value if we are trading options or do we take future values.Sorry for my ignorance. |
I have read some (not a lot) of text on Options.
Fact is Options AND Futures are derivatives. Which means that both Options and Futures derive their values from an Underlying (which) we know is the Spot Price or Cash Price. Now since Options are derived from Underlying we should ideally see the price movement in the cash to take our decisions.
Most times the movement in futures and options, for any underlying is, proportional for a short (not sure how to quantify) duration.
In short I would want to see Spot Chart for direction, Futures Charts for momentum (not sure how to quantify this) and Options Charts for entries and exits. But then I have been following spot and futures both.
However, I wish some Options Master like Twist/JDPT would help us understand this better.
Hope i didn't confuse you further.
Regards, |
Thank you Taruj,but you are right i am even more confused  |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #530 Posted: Tue Jun 25, 2013 11:57 am Post subject: |
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| cliff23 wrote: | | taruj wrote: | | cliff23 wrote: | Hi Taruj,
Do we have to take cash value if we are trading options or do we take future values.Sorry for my ignorance. |
I have read some (not a lot) of text on Options.
Fact is Options AND Futures are derivatives. Which means that both Options and Futures derive their values from an Underlying (which) we know is the Spot Price or Cash Price. Now since Options are derived from Underlying we should ideally see the price movement in the cash to take our decisions.
Most times the movement in futures and options, for any underlying is, proportional for a short (not sure how to quantify) duration.
In short I would want to see Spot Chart for direction, Futures Charts for momentum (not sure how to quantify this) and Options Charts for entries and exits. But then I have been following spot and futures both.
However, I wish some Options Master like Twist/JDPT would help us understand this better.
Hope i didn't confuse you further.
Regards, |
Thank you Taruj,but you are right i am even more confused |
Very Sorry
tell me how you trade. intraday? swings? and what do you trade?
example see BANKNIFTY, then see BANKNIFTY-1M, then see BNF-11100PE and BNF-11100CE for today. see all in 15TF. I am sure you will be able to understand what I am trying to say. I will try to put a slightly detailed study at eod. will try to go bar by bar. try to simplify the things for you.
options - futures - spot - futures - options its a wheel. maybe in sometime I will be able to find a quantifiable correlation.
YES it will be confusing, because I am not a good author and I stink at TA
 and stink like a skunk at analysis.
but will sure try to help.
Regards, |
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cliff23
White Belt
Joined: 18 Mar 2013
Posts: 60
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| Post: #531 Posted: Tue Jun 25, 2013 12:24 pm Post subject: |
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| taruj wrote: | | cliff23 wrote: | | taruj wrote: | | cliff23 wrote: | Hi Taruj,
Do we have to take cash value if we are trading options or do we take future values.Sorry for my ignorance. |
I have read some (not a lot) of text on Options.
Fact is Options AND Futures are derivatives. Which means that both Options and Futures derive their values from an Underlying (which) we know is the Spot Price or Cash Price. Now since Options are derived from Underlying we should ideally see the price movement in the cash to take our decisions.
Most times the movement in futures and options, for any underlying is, proportional for a short (not sure how to quantify) duration.
In short I would want to see Spot Chart for direction, Futures Charts for momentum (not sure how to quantify this) and Options Charts for entries and exits. But then I have been following spot and futures both.
However, I wish some Options Master like Twist/JDPT would help us understand this better.
Hope i didn't confuse you further.
Regards, |
Thank you Taruj,but you are right i am even more confused |
Very Sorry
tell me how you trade. intraday? swings? and what do you trade?
example see BANKNIFTY, then see BANKNIFTY-1M, then see BNF-11100PE and BNF-11100CE for today. see all in 15TF. I am sure you will be able to understand what I am trying to say. I will try to put a slightly detailed study at eod. will try to go bar by bar. try to simplify the things for you.
options - futures - spot - futures - options its a wheel. maybe in sometime I will be able to find a quantifiable correlation.
YES it will be confusing, because I am not a good author and I stink at TA
and stink like a skunk at analysis.
but will sure try to help.
Regards, |
Taruj, Thanks a lot, it is not your explanation , but since i am new its a bit confusing for me.Will wait for your explanation Eod.Anyways i trade intra day mostly. Thanks once again |
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jk99
White Belt
Joined: 20 May 2013
Posts: 81
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| Post: #532 Posted: Tue Jun 25, 2013 5:35 pm Post subject: |
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taruj sir.
i do not want mixed with nf,
but i trade in ce/pe in next month series,
so,i want understand 15min fibo is applicable or not.
regards |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #533 Posted: Tue Jun 25, 2013 5:37 pm Post subject: |
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| jk99 wrote: | taruj sir.
i do not want mixed with nf,
but i trade in ce/pe in next month series,
so,i want understand 15min fibo is applicable or not.
regards |
stay with Nifty Spot or Nifty Futures. Don't use both. are you using the options chart of icharts? |
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jk99
White Belt
Joined: 20 May 2013
Posts: 81
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| Post: #534 Posted: Tue Jun 25, 2013 5:41 pm Post subject: |
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taruj sir
i used platinum and trade mostly in possitonal.
sometimes look both option chart and ns also.
regards |
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cliff23
White Belt
Joined: 18 Mar 2013
Posts: 60
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| Post: #535 Posted: Tue Jun 25, 2013 5:44 pm Post subject: |
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Hi Taruj,
I am nowdays trading on Rcom ce/pe on intraday bases, so i wanted to know whether to follow future charts or cash charts.Actually i do not have cash charts only future.Please advice |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #536 Posted: Tue Jun 25, 2013 5:49 pm Post subject: |
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Cliff/JK,
I really cant say what you should use, as I am not an expert, but I would rather look at the spot/cash than futures.
My logic is that options are based on spot, not futures. I may be wrong.
Regards, |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #537 Posted: Tue Jun 25, 2013 5:52 pm Post subject: |
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| cliff23 wrote: | Hi Taruj,
I am nowdays trading on Rcom ce/pe on intraday bases, so i wanted to know whether to follow future charts or cash charts.Actually i do not have cash charts only future.Please advice |
are you using jcharts or platinum? |
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cliff23
White Belt
Joined: 18 Mar 2013
Posts: 60
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| Post: #538 Posted: Tue Jun 25, 2013 6:00 pm Post subject: |
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| taruj wrote: | | cliff23 wrote: | Hi Taruj,
I am nowdays trading on Rcom ce/pe on intraday bases, so i wanted to know whether to follow future charts or cash charts.Actually i do not have cash charts only future.Please advice |
are you using jcharts or platinum? |
Hi Taruj,
No i dont use i charts i use [Content Edited by Admin] |
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taruj
White Belt
Joined: 20 Apr 2011
Posts: 260
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| Post: #539 Posted: Tue Jun 25, 2013 6:03 pm Post subject: |
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| cliff23 wrote: | | taruj wrote: | | cliff23 wrote: | Hi Taruj,
I am nowdays trading on Rcom ce/pe on intraday bases, so i wanted to know whether to follow future charts or cash charts.Actually i do not have cash charts only future.Please advice |
are you using jcharts or platinum? |
Hi Taruj,
No i dont use i charts i use [Content Edited by Admin]. |
oh! okay. and in [Content Edited by Admin] you don't get spot prices?  Any ways we cant discuss [Content Edited by Admin] here  |
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cliff23
White Belt
Joined: 18 Mar 2013
Posts: 60
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| Post: #540 Posted: Tue Jun 25, 2013 6:35 pm Post subject: |
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Hi Taruj,
I have subscribed for F/O only, any ways I dont want to discuss about it since we cannot here ,I would just like to know whether to follow cash or future charts for trading options.Even today the levels were bang on for Rcom future levels.But my trading is bad could not capitalize on it.S i really don't know what to do.Actually i was using I chart platinum for a month and then my cousin has left for Canada so he gave me his lap top along with [Content Edited by Admin] |
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