Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Nifty Hourly Chart Update for 20 Oct 2010 Trading

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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 Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

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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.

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