Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Hourly Nifty for 6th October 2010 Trading

3 sec read


 
Nifty remains in the uptrend with cloud hourly cloud supports coming near to 6090 zone.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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7 Replies to “Hourly Nifty for 6th October 2010 Trading”

  1. Rajandran,

    As you get the intraday day data after the market hours from 4shared.com, how do you trade intraday using this technique.

    We can see the chart for the current day after the market hours. We will not be knowing the levels of the cloud.

    So, how can we trade intraday?

    Thanks,
    Sriki

  2. For trading intraday – real time charts are mandatory.
    Hourly charts can be used for positional trading as there wont be
    huge shift in Ichimoku cloud in a single day

  3. Sir can you plz help me make a group of nifty 50 stocks in amibroker and run exploration on the nifty 50 stocks only, i was trying to create a separate group of 50 stocks but didnt get any success can you plz help me create one plz

  4. Rajandran,

    So for positional trading using hourly charts, we calculate the cloud after we get the data that is after market hours.

    The next trading day, we take position using the cloud value and no need for any real time charts duing the market hours.

    Is my understanding correct?

    Or can you please explain how you go about taking the positional trades using this technique?

    Thanks,
    Sriki

  5. @Sriki

    IEOD charts gives us only the reference level to trade. i.e the reference level to entry/exit.

    Also the probablitiy of any signal is 50% some time even lesser. And the signal is wrong most of the times. What makes the trading system to win is that even in worst market conditions trading systems yeild lesser losses and the gains are always better in your overall trade.

    Here Capital Protection is the primary and gaining is secondary

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