SUPER SCALPER

By OptionsDesk

OPTIONS BUYING ONLY

STRATEGY/INDICATOR SETUP

1. HEIKEN ASHI CANDLESTICK

2. 1 MINUTE TIMEFRAME
3. SUPERTREND
PERIOD – 2
MULTIPLIER – 0.7
 4. MONEY FLOW INDEX(MFI)
PERIOD (10)
OVERBOUGHT – 80
OVERSOLD – 20

*IMPORTANT SETTING FOR MFI*

Draw a horizontal line at 50 Level
Like this:
 RULES FOR ENTRY
1. SUPERTREND – GREEN
2. MFI (10) > ABOVE 50
Examples:
1. NIFTY 11200PE: 9:29AM ENTRY

2. BNF 1st OCT EXPIRY 21200 PE:

9.26AM ENTRY
3. Do not fear to take a VALID
entry. (Stoploss is explained
further in this document)

4. TRY TO TAKE EVERY POSSIBLE

TRADE
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AVOID TAKING THESE STEPS
1. DO NOT FORCIBLY ENTER
INTO THE TRADE
BOTH RULES MUST BE TRUE

BOTH ARE INVALID ENTRIES

2. DO NOT ENTER ON A RED
CANDLE (KEEP PATIENCE)

Both are wrong entry (If

entered can get SL HIT)
3. DO NOT TRY TO BECOME
ASTROLOGER (Thinking
that MFI will go up or
Super trend will go green)
SEE SOME ASTROLOGER ENTRIES
BELOW
4. DO NOT TRADE ON AN
OVERBOUGHT MFI (Let it COOL
DOWN first)

5. ALL TRADES ARE FOR INTRADAY

PURPOSES ONLY. DO NOT CARRY
FORWARD WITH THIS
STRATEGY.
6. AVOID TRADING AFTER 2.30PM
EXCEPT ON WEEKLY/MONTHLY
EXPIRY.
 STOPLOSS SETUP
There are 2 methods to keep a
STOPLOSS. Follow whichever suits
you.
1. STOPLOSS METHOD 1
Keep STOPLOSS as the LOW of the
entry HEIKEN ASHI candlestick
Pro - Can get you big moves on a
strong trend.
Con – Can get hit due to volatile
swings in Option Price.
Below are 2 price charts where SL
was based on STOPLOSS METHOD 1
2. STOPLOSS METHOD 2
Super tend as STOPLOSS
Pro - Will get you a faster exit if
the trend changes at the top.
Con - Gets hit more quickly than
previous SL method due to
volatility.
If taking this method as SL, one
must wait for complete trend
change to RED.
Below is are examples of SL method
2 being used.
SL method 2 working fine in the
below case. SL can become big with
this method.

If I do not wait for complete trend

change then quick SL hit back to
back with SL method 2
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TARGET PRACTICE
1. Remember you are doing scalping
not futures or equity.
2. If want to take advantage of big
moves, modify SL COST TO COST
when MFI (10) hits 80+.
3. TRY to take as many VALID trades
possible, you do not know when a
big move can come.
SOME CLASSIC TARGET TIPS
First Target is 10% of the Option
Entry price.
Let’s say you entered 11200PE at
35, first target will be
35+3.5(35/10) = 38.5
Same goes for Stoploss, it also must
not be more than 10% of the
Option Entry price.
Suppose 35 is the entry price.
Maximum Stoploss can be at level
of 31.5
 STRICT POINTS TO REMEMBER
1. Do not sit in HOPE, that price will
go below the stoploss and you will not
exit the trade and then price will
come back and hit your target. THIS
IS TOO RARE TO HAPPEN.
2. Do not try to become AMBANI,
meaning don’t try to take 5000 profit
in one trade.
3. Start with a SINGLE LOT only for
first week in Nifty50 Options. If this
method suits you then go ahead and
increase the quantity.
4. BankNifty Options needs you to be
extra fast so don’t touch BNF options
until you have 100 trades in Nifty50
options.
5. In a single day following 1-
minute chart you will get 10 valid
trades.
6. Do not increase qty the same day.
 RESULT OF THE TRADES
Date 29/09/2020
NIFTY50 1st October Expiry 2020
11300CE

10 trades result in 11300CE

Return on Investment = 45%
Date 29/09/2020
NIFTY50 1st October Expiry 2020
11200PE

10 trades result in 11200PE

Return on Investment = 115%
 EXTRA TIP FOR RISKY TRADERS
You can also plot a 37 level line on
MFI(10) to take early entries. This
can be risky so proceed at your own
caution. This is just to take an EDGE
and faster entries in the market.
Examples are shown below.

ONLY RISKY TRADES DO THIS

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