I receive quite a few requests on my trading style and my philosophy as a trader, though I have covered this in my tweets at different points of time, but I think let me summarise all of them in single thread.
Let’s begin
Time frame - 30 min for trend, use 15 min for entry
Support, resistance- I like to mark daily support, resistance as well as weekly and monthly levels and observe price behaviour near these levels
My approach is simple, trade in line with bigger trend, if main trend ( daily or weekly) is bullish, I will use every dip to sell puts
RSI - above 60 or reversed from 40 levels
ADX - rising
Market profile- value area rising
Price action- strong BO via bullish candle
Parabolic SAR- bullish
I will sell puts , strike will be below week’s low.
Quantity- add in 3 phases 1/3 each time
I become very aggressive trader when I m in good profits and very conservative when in loss, most of amateurs, do reverse .
I also do lot of mental preparation before market opens