This course will give you an indepth view on deep technical usage of Amibroker software, handle it effectively on day to day usage (Scanners, Exploration, Trading System, Custom Indicators, Automating a Trading System, Requirements) and the critical components needed for your own algo trading system. This will give thought on pieces that will make you successful as indie automated trader to control your own destiny.
Nifty Futures opened gap up on Wednesday trading session removed some of the weaker hand sellers in the first hour of trading session. Rest of the day – intraday buyers piled in at very mechanical and visual references. Interestingly the dip buyers came throughout the day (mostly weaker hand buyers) with value forming higher relative to the Tuesdays trading session.
Short term sellers who showed their aggressiveness failed to show the continuation on Tuesdays trading session. Price opened gap down on global market sentiments however follow thro sell-off was largely missing in the markets and the day eventually turned out to be ORR day and price traded in a low confidence environment through out the day.
Bombay stock exchange is the first Indian Exchange to integrate their currency derivative Instruments with Metatrader 5 platform. Bombay Stock Exchange is the oldest stock exchange in Asia with a rich heritage, now supports demo access with Metatrader 5 platform. User can now Open an demo account on the MetaQuotes-BSE-Demo server and start receiving realtime quotes and charts of BSE Currency derivatives. The most interesting part is, you can apply technical analysis tools and perform back-testing using the exchange’s historical price data.
The primary Fibonacci ratios that I use in identifying wave retracements are .236, .382, .500, .618 and .786. Some of you might say that .500 and .786 are not Fibonacci ratios; well, it’s all in the math. If you divide the second month of Leonardo’s rabbit example by the third month, the answer is .500, 1 divided by 2; .786 is simply the square root of .618.
Nifty Futures today tested the visual destination level 10120. If price is not able to withstand above 10120 in the very short term one could expect a liquidity crisis in a very short term which could bring a push down below 10000 psychological reference levels. Interestingly the next visual destination is roughly around 9696 levels.
Nifty Opened with a gap down with a open drive setup and continued the selling confidence throughout the day. Finally Fridays session ended with a triple distribution. Short term trend turned to downtrend only the higher timeframes Monthly and Weekly are so far balancing. Interestingly Nifty is out of the short term balance on downside and trading very close to the 200MA on Daily timeframe.
On Wednesdays closing if you would have thought that this market has to go up and on Thursdays closing if you would have thought Nifty Futures have to go down, then welcome to the trading world. Probably you are not the only one thinking, probably thousands of other traders also thinking the same way.
Tuesdays trading is quite interesting. First 90 minutes of trading price started elongating higher with a fair odds of value forming higher and mid of the trading session we got inventory adjustment as the inventory gets long to too long. Last two days of momentum trading activity got halted with inventory adjustment.
Nifty Futures on Monday Trading session opened with a gap up. Post that price entered the previous day range and formed a open test drive day. Buyers confidence maintained throughout the day. Day turns out to be a normal various day as the price elongation happens in the second half of trading session. Point of control not migrated however price migrated for the day indicating more players are now chasing the price more we are dealing with momentum traders.
Tops down analysis indicating Monthly timeframe is balancing, Weekly timeframe is trending down and Daily timeframe is trending up. Kind of mixed timeframes which indicates that markets are in the phase of total uncertainty where most of the players opinion are not aligned in the same direction. Every timeframe has their own opinion about markets at current juncture.
Learn the widely practiced trading methodology among traders and practical difficulties in trading it & how to stay away from them. Learn to differentiate yourself from rest of the trading crowd.
In this social media Era becoming an Independent thinker is lot difficult as we are often bombarded with continuous flow of opinions,information,rumors from the facebook groups, Whatsapp/telegram chat groups, twitter, financial news portals, TV channels, Youtube channels, E mail newsletters. Everything talks about what the consensus is doing. Some are contrarians, some are trend followers. Often traders ended up with the biased opinions from their fellow community traders/Investors.