Learn the important components for building an algorithmic trading system from scratch. This couse has been built for newbies using the easiest programming language called AFL – Amibroker Formula Language.
“The names may change, but the psychology remains the same.” By Elliott Wave International Have you ever compared chart patterns from history with financial markets today? Elliott Wave International can show you the unique value of doing exactly that. Why? Because patterns on market charts repeat themselves. It happens across the globe, regardless of time […]
The context had nothing much changed from the last write up except the market moved from a 100 point range to 200 point range.Volatility is much improved for this week. Nifty Futures attempted a fresh all time high and closed higher with euphoric global market optimism.
“How to draw a trendline” is one of the first things traders and investors learn when they study technical analysis. Typically, they quickly move on to more advanced topics and too often discard this simplest of all technical tools.
Year 2018 kick-started with a bang. There can’t be a better time other than the start of the year to revise your trading performance, to correct past mistakes and to explore better trade opportunities. Optimizing trading performance requires a meticulous effort. Here are some of the trade resolutions which could fine tune your trade performance and put you as a better professional traders.
IndiaVIX is a volatility measure of the future expected volatility. It is calculated based on the bid and ask price of the out of the money options for near month and mid month options. India VIX during the year 2017 spent most of the time below 14 which eventually turns out to be a slow moving trending markets. In fact during the entire year 2017 , Nifty never seen a 2% negative loss on EOD basis. That shows the confidence of the majority of the market participants.
Last 5 trading days Nifty Futures is moving in a 100 point range. Volatility was greatly muted. On Wednesdays trading Nifty Futures attempted a fresh all time high before ending up with emotional liquidation in the second half of the session. Late Rallies and Late Liquidation are the game being played in the last couple of days. We are nearing the year end and just two more trading days left for this year 2017.
PE – Ratio a simple metric used to measure the valuation of the market. From the numbers one can understand whether the markets are cheap, expensive or fairly valued. Current PE Ratio Metric at 26.86 is little above the 2 standard deviation.
It was a crazy volatile week. Nifty Futures done a descent recovery from the attempted downtrend twice in Dec 2017. Every Major 300+ points corrections got bought in December expiry so far. Lets understand the state of the market to get a fresh short term outlook.
Markets are naturally designed to be rough & tough. However, not designed for linear logical thinking. Todays Trading session in Nifty and Bank Nifty Futures is clear example for how complex information we are dealing with.
When you are watching a pattern develop on a chart, how can you be sure that your Elliott wave count is correct? Elliott Wave International’s Senior Analyst Jeffrey Kennedy spent years designing his own technique to improve his accuracy. He came up with the Kennedy Channeling Technique, which he uses to confirm his wave counts.
Nifty Futures on the daily timframe manage to hold with positive sentiment for the last 4 trading sessions with EOD support coming around 10258 levels. Interestingly Nifty Futures is trading around the higher timeframe reference level 50 day MA – 10244. Dec 2017 is completely filled with events hence there is no much of sticky long term money involved so far. On Day to Day basis this December series, makret participants are dealing with more of shorter term buyers and short term sellers in Index derivatives.
Mondays trading session Bank nifty opened with global optimism and the day is seen driven mostly by intraday and short term buyers in the counter. Serious long term money is missing in the counter and lack of enthusiasm prevailed post the gap up in Bank Nifty Futures and also underperformed the broader index Nifty 50 thereby formation of a dull boring rotational trading rest of the day.