Confirmationsssss!

Confirmationsssss!

Hey, As a beginner in Options Buying, I wanted to know, what are your confirmations for a “near” perfect entry?
I will start with mine, I just follow pure price action and few indicators(RSI and certain EMA), and based on that,

FIRST HALF ENTRY.
1. IF THE MARKET HAS BEEN SIDEWAYS FOR COUPLE DAYS, THEN A MOVE COULD OCCUR ( high probability)

2. BETWEEN 9:15 TO 10, CHECK THE TREND

3. IF ITS NEAR CRUCIAL S/R LEVELS BY 10:30 ish, WAIT FOR THE BREAK IN EITHER DIRECTION

SECOND HALF ENTRY

1. IF MARKET WAS SIDEWAYS FOR THE PAST FEW DAYS, AND IN THE FIRST HAL, THEN HIGH PROBABILITY THAT SOMETHING HAPPENS IN SECOND HALF

2.LOOK OUT FOR SELLING INCASE THERE WAS HEAVY BUYING IN FIRST HALF…

FOLLOW THESE

i) ONLY TRADE IF YOU HAVE SEEN MINIMUM 2 CANDLES WITH GREAT STRENGTH AND VOLUME IN 5 MINS CHART

ii) IF YOUR VIEW IS OPPOSITE TO WHAT MARKET IS BEHAVING EXIT THE TRADE AT BREAKEVEN WITH STOPLOSS, AND ENTER THE POSITION IN THE WINNING DIRECTION —> FOR FAKE BREAKOUTS

iii) USE PSYCHOLOGY TO DETERMINE TRENDS THAN TECHNICALS, AND TRADE ONLY IF BOTH ARE ALIGNING.

pls share how you guys entry a trade too.. will be of great help 🙂


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