Just a quick update for Nifty hourly futures from the GCI Trading software(Metatrader platform) using 5 EMA Channel offset trading system. Currently the hourly resistance is near the upper 5-13 EMA Channel offset i.e @ 6100. Longs are recommended only if nifty surpassed and holds above 6100
Nifty Hourly Chart Update for 20 Oct 2010 Trading
Nifty Hourly sell signal continued for the third day and the trailing stop loss updated to 6134. While trading with Optimized Ichimoku Trading System the following things needs to be taken into factor
AD-line and the mystery
What the hell behind the adline which keeps on decling continiously for more than a year in this rising market? If you check the nse stock most of them are either moving sideways or trending downwards only the nifty 50 pack is moving up rest are still in the silent mode.
Import NSE EOD Database into Amibroker using Getbhavcopy Downloader
Here is a step by step video in a traditional Indian style of explanation, which explains how to Import NSE EOD Database from nseinda portal into Amibroker Charting Software using Getbhavcopy Down-loader.
Cheap stocks may prove costly
How much can you lose?
Everything. This is the stockmarket, guys…where it is possible to lose everything. If you entered the market in September 1994, there is a 40% probability that you would have lost everything by September 1999!