Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
MCX Gold in Sell Mode on SDA2 Hourly charts
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MCX Gold rallied to its record high Rs 23940 per 10 gram , as growing fears about gloomy outlook of US economy and increasing spread of the European debt crisis. On the technical aspects MCX gold is in sell mode on the hourly charts as per SDA2 trend trading method. MCX Gold is in buy mode on the hourly timeframe since 29th July 2011. Also the stocastic indicator had dipped below the overbought zone(> 80) and sloping downwards towards the oversold zone ( < 20 ).
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South Korea’s central bank bought 25 tons of Gold between June and July to diversify its foreign reserves despite high prices, marking its first purchase in more than a decade and taking its total Gold holdings to 39.4 tonnes
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Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
Even though it was in sell mode …it managed to reached 26780 š net gain of 11% in approx 11 days š