Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

USDINR MCX Future Hourly Charts for 14th August 2012 Trading

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USDINR August Future – MCX Contract today turns to positional buy mode on the hourly charts on last friday with trailing supports coming around 55.398 respectively. Reverse to positional sell mode if the support breaks on hourly basis.

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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2 Replies to “USDINR MCX Future Hourly Charts for 14th August 2012…”

  1. Hi

    USDINR August Future – MCX Contract today turns to positional buy mode on the hourly charts on last friday with trailing supports coming around 55.398 respectively. Reverse to positional buy mode if the support breaks on hourly basis.

    As u said USDINR turns positional buy mode on the hourly charts on last friday with supports 55.398
    Reverse to positional buy mode if the supports breaks.
    Above said is not clear infact confusing.USDINR in buy mode and if supports breaks how it cud be reverse to positional buy mode.

    Please rectify above or asisst me as soon as you can.

    Regards

    Akhil

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