We had already wrote couple of tutorials on Market Profile which could improve your understanding about Market Profile and helps you to organize the market generated information in a better way than any other trader. This time we are inviting Ninjatrader Ecosystem partner Vinod (Founder – BellTPO) for a live discussion on the basic concepts of Market Profile and Trade Setups.
It is a interesting question from a sentimental point of view. Everyone gets excited especially the media channels and speculators when a popular chairman rejoins the board or a Resigns from the Board. Some how you need to understand that markets are crazy and illogical. So today I brought two case studies to understand how sentiment worked in the past especially when a popular Executive Board Member Joins/Resigns.
OptionAction is a Option Analysis tool which lets you to build and analyze option strategies for Indian Stock Markets. It provides most of the analytics required for a option trader to practice and implement their option strategies. Though it is a simple tool with cool UI interface you can build any complex option strategies with the available pre built option templates.
Nifty futures had done a interesting activity on the daily charts. If you observed the historical daily charts of nifty futures you would have noticed that in the last three months 8580 zone is whipsawed multiple times (12 trading sessions in last 4 months) and whenever price approaches 8580 price made a pullback and buying behavior happens.
Since 2012 Nifty Auto Sector had delivered phenomenal returns of more than 300x times Return on Investment. That shows the significant presence of longer time-frame participants who believed in the growth story and economics of the auto sector. Also sheer Outperformance when compared with benchmark index Nifty 50.
The RBI cut benchmark rates by 25 basis points (bps) on 4 October, bringing down the repo rate from 6.5% to 6.25% since then there is a significant underperformance in banknifty futures as compared with nifty futures. And this underperformance in banknifty futures is expected to continue in the upcoming trading sessions as every minor rallies in banknifty gets rejected at higher level and sellers stepping
Elliott Wave International (EWI) is hosting a free Trader Education Week, October 12-18. Register now and get instant access to free trading resources — and you’ll receivemore lessons as they’re unlocked each day of the event. Plus, you’ll be invited to attend a live, online webinar with Jeffrey Kennedy on October 13 and have the opportunity to ask him questions about the lesson he teaches that day.
Any trader of foreign currencies likely understands the influence that both local and international politics have on currency values. Successful online forex trading involves following the changes and trends that are taking place across the globe, and making the right trades at opportune moments to capitalize on changes of currency values.