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.

Nifty Hourly Chart Update for 20 Oct 2010 Trading

31 sec read


 
Nifty Hourly sell signal continued for the third day and the trailing stop loss updated to 6134. While trading with Optimized Ichimoku Trading System the following things needs to be taken into factor

1)Buy or Sell Trade should be taken only on the presence of the appropriate signal. Trade should not me initiated belated to the signal
2)Dont initiate trade without sufficient signals.
3)If you are in a Buy Trade/Sell Trade book the trade if you are in profit at regular intervals. Dont wait for the next signal to exit the trade
4)For 15min trade book profit if you got 20-25pts in nifty and in Hourly Charts – 50-75 points and in Daily Charts – 150-200pts.

5)Respect the trailing stop  loss  when you are in trade

6)If  you are confused with the way you are playing – just take rest.

Cheers!

Rajandran R

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.

Worldwide Surge in Trading Accounts During this Pandemic

Flood of new retail traders flocking into the stock market and most of the brokerage firms across the world reporting surge in trading accounts....
Rajandran R
44 sec read

Things you need to know about Vedanta Delisting

On 12th May 2020, Vedanta India came up with a delisting offer priced at ₹87.5 per equity share. Ahead of the announcement, the company’s...
Rajandran R
1 min read

Know Your Implied Volatility

Implied volatility (IV) is a very important measure if you are trading options. It helps traders to understand the overall market expectation. ...
Rajandran R
1 min read

7 Replies to “Nifty Hourly Chart Update for 20 Oct 2010 Trading”

  1. and pls now add tinken and kijun sen line with chiku span if u can with ichimoku afl.
    and if tinken and kijun crossover exploration next one.
    i try to use tinken and kijun sen cross over explorer in metastock for eod. its a powefull signal

  2. Can you kindly let me know where I can see your nifty hourly ichimoku chart – live or delayed.

  3. dear rajandran sir,
    i am new here in this stk mkt.plz guide me which techical software i should opt for and wht to do abt realtine nse data.
    thank you sir.

  4. Can you kindly let me know where I can see your nifty hourly ichimoku chart – live or delayed. i m using amibroker live chart with yahoo and ichart.

    1. @Ajit

      Instead of trying ichimoku charts u can try 5-13 EMA trading system using GCI trading software(Metatrader 4). Signals are almost similar to ichimoku with good risk management

      About GCI Trading(Metatrader 4) refer here
      http://www.marketcalls.in/analysis/free-nifty-futures-realtime-charts-in-metatrader-platform.html

      And about configuring 5-13 EMA in GCI trading metatrader platform please refer here
      http://www.marketcalls.in/video/how-to-configure-5-13-ema-channel-offset-trading-system-in-metatrader-4.html

      More over dont forget the rules for Ichimoku trading system mentioned in the above post. The same rule also applicable to 5-13 EMA Channel offset trading system.

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More