SMV Trading system V1.0 – An Intraday Trading Approach with Combination of SDA2 Trend Trading System + Market Profile + Volume Profile (SMV Trading System v1.0)
MCX Gold Hourly charts with SDA2 Trend trading buy or sell signals has been published in the marketcalls for the very first time. Updates will be continue with SDA2 trend trading charts rather than with ichimoku cloud trading system
Nifty turned to buy signal on last friday on the EOD charts as per SDA2 trend trading system. Which indicates that the medium term nifty is likely in the buy mode and chances of continuation of the trend if is sustains above 5546 on weekly basis.
Nifty is in buy mode on EOD charts since May 27 as per SDA2 trend trading strategy with trailing supports lowered from 5447(as posted earlier ) to 5425. Still Put writers are active in 5400PE as there is higher open interest built up in current option series.
Nifty EOD SDA2 Trend trading charts are shown. Daily charts are in buy mode with trailing supports coming near 5447-5453 range. Any close below 5447 warns the medium term trend to turn downwards. Also still put writers are active near 5400 zone. Possibilities are there that 5450 will hold on EOD basis for the continuing uptrend.
Nifty is in buy mode since 27 May 2011 with trailing supports coming around 5418 on EOD timeframe. Short Selling 5400PE is recommended as there is huge open interest builtup for the June Series.
As of now nifty is still in buy mode on EOD charts. As per SDA2 trend trading nifty will yield a sell signal on EOD charts if closes below 5692 on EOD basis. i.e EOD supports are currently at the zone of 5692 any close below that could warn the EOD trend to completely turn down on medium term basis.
More recently ICICI Bank had given a buy signal on last week. One can trade this counter with minimum stop loss of Rs 1000 on EOD basis and this stock would be the one to watch for reversal this week.
My Desktop Amibroker Screenshots for Nifty 50 EOD charts with SDA2 Trading System
Hourly Nifty Future charts for the fans of SDA2 Trend trading system. Few more hourly charts are included for you reference about the trading system. Testing this afl code and feedbacks appreciated!