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2 Candle Theory TC 2021.pdf
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- 2. Disclaimer • I’m aNISM Certified Professional for Equity Derivatives. I am NOT a SEBI registered advisor. Any Information on this Presentation is for education purpose only and please do not trade solely based on this information. • Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to trade in markets. • The past performance of any trading system or methodology is not necessarily indicative of future results, So Please consult your financial advisor before taking any decision
- 3. What’s 2 CandleTheory • As A Scalper, Our Intention Is To Find One Good Strategy & Keep Refining It • 2 Candle Theory Is All About Finding Breakout Trades In Index Futures & Index Options • Scalper Needs One Or Two Good Trades In A Day & That Sets You Up For Consistent Wins In The Battlefield • Scalper’s Job Is To Win Battles & Not The War • Now I Want All Of You To Consider Yourself As Kings
- 4. Let’s Play AKingdom Game – Are You Ready For The Battle • You Are The King & Your Indicators Are Your Soldiers • King Need To Know Which Indicators / Soldiers Need To Be Used On Battlefield To Defend The Kingdom/Capital • King Has To Play With His Resources Very Meticulously In Battlefield • So, What Are The Indicators & How Each Of Those Soldiers Can Help You Win The Battle
- 5. Indicators = Soldierson 3/5 Min TF Queen = Open Interest Weapons = Volume Territory = RSI Candles - Battle
- 6. Indicators = Soldierson 3/5 Min TF Pawn = VWMA (20) Knight = ST ( 10, 2) Bishop = Parabolic SAR (0.02, 0.02, 0.2) Rook = VWAP
- 7. How To InitiateLong Trade In Index Future/ Buy Call Options – 3/5 Min TF ▪ If The Index Futures Trades Above The VWAP (Rook), Following Parameters To Be Checked For 2 Candle Theory ▪ Whether Open Interest (Queen) Shows Long Built Up/ Short Covering ▪ RSI (Territory) Trades Above 50 & Between 50-75/80 ▪ Volume (Weapons) Of 2 Consecutive Bars Is Above 50 K for BN & 125 K For Nifty ▪ All Your Soldiers (Bishop, Pawn, Knight & Rook) Below The Candles ▪ Then As A King Deploy Your Resources In 3rd Candle, With 1st Candle Low As SL ▪ If 1st Candle Low Is Hit, Then Your Fort Is Breached, Time To Pack Off ▪ Long Trade Can Be Initiated In BN/Nifty Futures Or Index Call Options Only When Above Parameters Fulfilled
- 8. How To InitiateShort Trade In Index Future/ Buy Put Options – 3/5 Min TF ▪ If The Index Futures Trades Below The VWAP (Rook), Following Parameters To Be Checked For 2 Candle Theory ▪ Whether Open Interest (Queen)Shows Short Built Up/ Long Unwinding ▪ RSI (Territory) Trades Below 40 & Between 40-25/20 ▪ Volume (Weapons) Of 2 Consecutive Bars Is Above 50 K for BN & 125 K For Nifty ▪ All Your Soldiers (Bishop, Pawn, Knight & Rook) Above The Candles ▪ Then As A King Deploy Your Resources In 3rd Candle, With 1st Candle High As SL ▪ If 1st Candle High Is Hit, Then Your Fort Is Breached, Time To Pack Off ▪ Short Trade Can Be Initiated In BN/Nifty Futures Or Index Put Options Only When Above Parameters Fulfilled
- 9. Take Cues FromGlobal Allies & Partners ▪ Biggest Problem In Market Is You’re Waging A Battle Against An Unknown Enemy ▪ Use Foreign Allies To Your Advantage – ▪ Dow Futures – Watch The Previous Day Close & Live Futures Trade ▪ Asian Indices – Nikkei, Shanghai & HangSeng ▪ European Indices – DAX, CAC & FTSE ▪ India VIX ▪ Crude ▪ US Dollar Index ▪ Bond Yields & USD/INR ▪ Events & News
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- 13. Thank You I wouldlike to take this opportunity to thank DJ, Rekha & All Participants & Fellow Speakers. If you wish to hear more on Options Scalping Techniques, please reach out to me Twitter - @justsiva123 Telegram Channel – Https://t.me/OptionsScalping Support@OIPulse.com WWW.OIPULSE.COM