BankNifty Long Trade 15m TF, 1800+ Points gains on Risological
Oh man!
Look at this beauty.
Many users on TradingView message me -
"Why dont you trade in lower time frames like 1m or 5m?"
The thing is, indexes like Nifty, BankNifty and other indexes in Options trading are very volatile and no strategy can accurately work in lower time frames, unless you are a tick trader or quick scalper.
Everybody has their own style and preferences when it comes to trading.
I am more comfortable trading Nifty and BankNifty in the 15m because:
My blood pressure doesn't rise during trading the 15m time frame charts
I buy month contracts with at least 15 days to expiry, to catch the big moves like this one.
I religiously follow the Risological swing trading indicator, thus avoiding any emotional trading.