Learn the nuances of trading/investing strategies, the art of chart reading and picking up high probability trades. It is an educational workshop for active traders focused on how to pick low-risk, high potential entry points for your trade.
Everyone likes to catch trend earlier. How to recognize and monitor the changing trend much ahead of your competition? When the price is testing a psychological reference most of the traders are in active mode. This tutorial explores how one can access the odds using the market profile with a greater conviction where short-term trend reversal happens close to the psychological reference.
The “moving average” is a technical indicator of market strength which has stood the test of time. Over 30 years ago, Robert Prechter described this indicator in his essay, “What a Trader Really Needs to be Successful.” What he said then remains true today:
When it comes to order flow, many newer traders tend to think of interpreting volume information and identifying where big volume happens. It is much more than that, and it really helps intraday and short-term traders to understand the nuance behind how markets facilitate order flow. Here is a short online webinar which gives a brief introduction to Orderflow, trading strategies using Orderflow and the other nuances involved in order flow.
Nifty Futures finds its resistance around 11505 levels and on Friday trading session both indicator and profile trading sentiment turned negative. Momentum sellers controlled the day which makes the trend positionally down towards the next stop zone 11386 and the previously unfilled gap reference 11180 and the G2 Low reference 11117 levels.
The Turkish lira fell to an all-time low against the dollar. The lira tumbled 15.63% against the dollar on friday to 6.4323 from the previous close. The currency — which has lost more than 40 per cent of its value this year — was 18.5 per cent lower at one point on Friday. Turkish stock market index – Borsa Istanbul 100 ended -2.23% at Friday close. Year to Date stock market index is down by 17.68%.
International Gold is in consolidation mode since 16th of July 2018. Currently trading in a very tight band largely trading within a $10 range over the past week, with the price respecting the $1206 and $1216 levels. Broader range compression ranges from 1205 – 1230 levels in the last one month. The compression in the gold is getting so long on the 4 hourly charts which mostly ends up in a larger price action move.
Nifty Futures end on Friday with a strong bullish note. Profile Sentiment turned positive however indicator sentiment maintaining negative which brings the odds of sideways to downward markets. Call writers are still active at 11400 and 11500 strike price which puts an immediate EOD resistance at 11400 in Nifty Spot.
Nifty Futures broke above previous all-time high 11185.6 on last Friday. So previous all-time high becomes immediate support now in a very short term. Trading sentiment holding positive for the last 5 trading session. Put writers are active at 11000PE and call writers are aggressive at 11400 hence in a very short-term trading range could be in the band of 11190-11420. Markets could play a ping-pong game here (sort of consolidation) before giving any major directional clues.
This Webinar will focus on how to send automated orders from Amibroker using Algostudio. It helps traders to understand the nuances involved in Automated trading, challenges faced by the automated traders and how to overcome it.
On July 31, you are invited for a rare, free opportunity to see for yourself how to use simple, everyday price charts to find reliable trade setups — in any market and any timeframe. This free event is hosted by our friends at Elliott Wave International. The webcast features two of the world’s leading technical analysts:
Here is a simple Amibroker Price Action and Trendline Scanner which looks for a touch of hand-drawn price action levels, supports or resistance or trend line breakouts. Look into the video instructions for more details usage instructions and guidelines.
SEBI in their circular has mandated compulsory delivery of F&O position open on expiry of these 46 stocks for July expiry. Currently, traders leave their F&O position open on expiry for cash settlement. Wherein, either the profit is credited to their account OR the loss in debited from their account.