Rajandran R Follow Creator 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

RBI Policy Announcement – Live Market Profile Trading Room – Recorded Webinar

December 5, 2019 24 sec read

In this Option Hydra – Market Profile live trading room, we discussed how to approach an event trading day like RBI Policy announcement and How to spot immediate support/resistance for short term trading. How to understand the market context & associated traders’ behavior.

We also discussed how to take a process-oriented approach and record the market generated information, visual references and what to expect in the given trading situation. Where one can anticipate a low-risk trade setup and where the emotional take decision very often.

Trading Notes from the RBI Policy Announcement event on 5th Dec 2019