Let's keep the thing very simple for the budget, the @vix will be very high during the budget speech hence is the vega, which won't allow the premium to drop.
You need to wait till 11 AM to 1 PM, to VIX to be crash, before you take my directional trade.
If you are right, in cathing the direction, it's can multiply the account on budget,
The decision line is 30,660 above the bias is positive and below it's negative.
The broader range is 30,200 to 31,200 ( 1000 point range), any breach of this range you might see 600 to 1000 point over in the direction.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
hi, was waiting for post. I took in 31500 CE on Friday with the trend and currently in 30% loss. Should I exit with the loss in the start of the day or wait till 11 for the trend to be clear? I have exited multiple trades fearing huge loss and those calls if waited would have returned 2x 3x the capital. any reply would be highly helpful.
subhagghosh
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@tomhaverford , u have to exit the by 11.10 am max, after that vix will crash resulting in fall of premium for both ce n pe.
exit before that, take directional trade after the vix crash, u will make money