Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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

[Premium] How to Prepare for Seasonal Signature Trades – Market Profile Tutorial

56 sec read

Here is a live case study in Bank Nifty which explains the season behavior which provides exponential odds when comes to trading bank nifty. This tutorial explains how to understand the market generated information presented in Bank Nifty and how to convert that information into trading odds.

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Before getting into the market profile charts let me quickly narrate the trading sentiment which is going on. Worldwide global markets are selling on because of the trade war issues. And Indian market too on the sell side for the last four trading session since Monday post the GDP announcement

However, if you look into the structure of Bank Nifty it tells you a completely different story. They observations are 4 back to back prominent POC in a row which indicates a potential short-term players getting short to too short. And at the swing high there is a ORR (Open Rejected Reverse) which is weak it is weak because of not a strong rejection even it is coming at major swing high.

First of all the formation of 4 back to back prominent POC is very rare and seasonal. Last time it is observed in Nifty Futures during Oct 2017

The odds are there that all the Prominent POC are likely to clear with a possible stop hunting towards ORR levels above 27000. Expecting these things to happen less than a week or so.

How to Prepare?

1)Go and Play the Strength of the Buyers (Requires high buyers confidence)

2)Go and Play the Weakness of the Sellers (Requires low sellers confidence)

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Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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

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One Reply to “[Premium] How to Prepare for Seasonal Signature Trades –…”

  1. I want to watch all your premium videos tutorials on MP eg 1) How to prepare for seasonal signature trades 2) How to trade ABC elongation 3) How to deal with exponential emotional information 4) How & where to measure market confidence etc . How do I get access to all these premium tutorials on MP ? What is the fee..?

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