Nifty IT sector is showing signs of short term trend exhaustion and high probabilities are there that trend reversal could be in progress. Nifty IT delivered a YTD performance of of 3.6% and delivered negative returns since Mar 2015 onwards.
This E-Meetup is for anyone interested in creating and using algorithms in the financial markets.Mr Rajib Ranjan Borah(Co-Founder – Quantinsti) will walk you through the essential intricacies of Algorithmic trading relevant to Indian Markets, how to start with your own algos, common pitfalls in algotrading, and profit opportunities.
The EUR/USD consolidated its recent gains following a surge in the exchange rate in the wake of the ECB meeting. While the central bank mostly stuck to the script, keeping rates unchanged and QE in place, it did strike a more neutral stance but this will come slowly over a long period of time. Draghi, shrugged off the recent increases in inflation as transitory, and believes there is a need for the current stimulus to remain intact.
After Uttar Pradesh and Uttarkand Election results, street expectations are getting extremely positive as majority of the traders and investors community hoping markets set to gap up after BJP’s landslide victory in Uttar Pradesh. Also Data released by the CSO last friday showed – industrial production (IIP) rose 2.7% in January after contracting by 0.4% in December which adds more fuel to the extreme positive sentiment. Lets do the top down analysis to understand the current state of the market.
USDINR Daily charts are showing clear divergence when fisher transform indicator is applied over the charts. Fisher transform generally converts any probability distribution to Gaussian Probability Distribution. Thus making the indicator better in identifying turning point at the edges and helps trader in identifying trend reversals in the discretionary trading.
In the last outlook we seen MCX Crudeoil – balancing behavior on the weekly and daily timeframe. Since then we had spent more time withing the balance. And now the is a significant change from the sentimental point of view as both daily and weekly sentiment turning down which brings us bias towards the breakdown from the bottom of the balance – 3500 zone.
In this webinar Mr Sugreem (Reliable) will walk you through FoxTrader Trading Platform, features, Scanners, analytics, Trading Systems, Automating Trading Strategies which are essential for a active trader. You will be learning about how to built your own scanners, trading system and how to automate trading ideas.
EURUSD is consolidating on the monthly and Weekly timeframe and negative sentiment prevail there. However on the Daily charts trading sentiment turned positive. Since the start of FEB 2017 EURUSD is in declining mode and so far twice EURUSD rallied from the intermediate lows formed around 1.0500 levels. It could act as a potential support zone in the upcoming day.
Open = High and Open = Low is a widely used scanner across the day traders community. Here is the Amibroker exploration code which looks for stocks with matching open and high lows and matching open = low values. This scanner is built in such a way that it works even on lower timeframes (1min, 5min, 15min etc).
Here is the first prototype from Marketcalls which demonstrates multi-timeframe based trading system which compares two timeframes (5min and hourly in this case) and takes a trade decision based on both the timeframes. To demonstrate with simple example we used supertrend on 5min timeframe and Hull RSI on the hourly timeframe to filter unwanted trading signals.