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
Bullish BAT Pattern in Hourly Cairn Charts
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Hourly Carin Charts shows a potential short term trade setup with a bullish BAT Pattern. Bullish BAT pattern requires a smaller stop loss than most patterns because it has undergone a 0.99XA retracemnt. So any move below the point X i.e Rs 258 invalidates the pattern. So long trade can be set up with a stop loss of 258. As the charts are hourly trade should be exited once 3% target achieves which corresponds to the target of 267.8 approximately. Estimates time duration for achieving the target is 1-2 days
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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
hi rajandran
is it possible to draw wolf wave projections in amibroker by automated robot system
for details on wolf wave kindly view the following link
http://blog.vikasverma.com/
regards
rajamani
Stop Loss Hits trade failed
If it comes again above SL i.e. that analysis range, again a BUY?
Manas the pattern got failed once it moves below Rs 258 that is more than 100% of XA which invalidates the Bullish Crab Pattern type