Close to ninety percent of all traders lose money. The remaining ten percent somehow manage to either break even or even turn a profit — and more importantly, do it consistently. How do they do that?
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.
In this webinar Mr Abhishek H.Singh,CMT will walk you through Tradingview Platform, features, Drawing tools which are essential for a active trader/investor. You will be learning about advance indicators, setting price alerts and how to take advantage of social community tools from trading view. He will also discussing about the publishing tools and tradingview free offerings in the form widgets & stock charting library.
Here is a simple & short instructional video on how to use symbol link feature in Amibroker so that multi timeframe trader can take advantage of it. If we want to sync multiple chart windows we can use Symbol Link feature especially for different timeframes or with same timeframe with different indicators. Once multiple windows have the same “Symbol Link” color selected, browsing through the results list in Analysis automatically will automatically sync all linked chart windows (e.g. for the purpose of showing different intervals in each of the charts).
On the daily timeframe consolidation is seen for the last 7 trading sessions. Both Nifty Futures and Bank Nifty Futures are showing an intraday selloff in the first half of the session followed by second half of intraday recovery from the bottom for the last 7 consecutive trading sessions. And moreover Nifty futures is currently at the visual resistance zone @ 8835. so far Nifty Futures is struggling to close above this visual reference level.
Since 2014, the Dollar has increased by 25% against a basket of major currencies. After President Trump’s election, the value of the greenback has risen by about 3%, but his recent comment questioning the wisdom of maintaining a “strong Dollar” seems to have put pressure on the USD, which so far has been in the red in 2017.
Bank Nifty monthly charts shows a clear breakout from the consolidatation and also nearing 52 week high as well. Still the FEB 2017 series has 12 more trading sessions to go. Its early to confirm that trend is up on the monthly charts however to be noted bank nifty never closed above 20400 levels on the monthly closing basis. Requires a strong trigger to close above 20400 on monthly basis.