High Frequency Trading (HFT) involves the concept of “Order Types”, which signals a trader to enter or exit a position. According to Reuters, Order types can reach an estimated 2,000 variations as a fully electronic market and more than 50 trading venues have multiplied the possibilities of how, when and with whom to trade.
This tutorial explains how to connect Ninjatrader 8 with NimbleNT to get realtime data for NSE Cash, NSE Future, Currency Derivatives and MCX Futures. NimbleNT is the authorized data vendor for Ninjatrader and supports supports 32 &64 bit NinjaTrader 8, tick charts, automated trial & licensing, faster backfills. Currently NimbleNT supports NSE Cash, NSE Future, Currency Derivatives and MCX Futures.
There’s an old saying on Wall Street that goes “buy low and sell high.” It’s usually said in jest because it’s a feat that’s much easier said than done. History shows that most investors pile into bull markets just as they are about to end, and they do the opposite in bear markets: sell right near the bottom, when the fear is at its highest.
Bank Nifty since the start of Jan 2017 had done a 1000 points+ recovery and moved up without much rotations on the daily charts. Trading Sentiment remains positive for the weekly timeframe as well as daily timeframe. However trading sentiment on the daily timeframe is at the extreme which could bring short term corrections or volatile sideways action.
Metal Sector is showing similar breakout patterns if you just look from the short term perspective. Yes there is a clean breakout from the consolidation. But hey, lets look into the bigger picture. The bigger picture talks about how emotional a particular sector/stock is. To track emotions we can use gaps
Nifty had done a “W” shaped price pattern so far during Nov 2016 to till date which is very much visual from the charts. Currently price is trading around the Intermediate resistance zone 8315 levels as Sentimental RSI is currently at the extreme. Previous Top Down Analysis indicates that still price is showing a consolidation pattern in both Daily and Weekly Charts.