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You are here: Home / Learnings / Nifty Hourly Chart Update for 20 Oct 2010 Trading

Nifty Hourly Chart Update for 20 Oct 2010 Trading

October 19, 2010 by Rajandran 7 Comments


 
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

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Filed Under: Learnings, Nifty Technicals Tagged With: Ichimoku, Nifty

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. kalyan says

    October 19, 2010 at 11:13 pm

    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

    Reply
  2. Rajandran R says

    October 20, 2010 at 12:33 am

    @Kalyan

    More number of parameters = more no of noise in your trading system

    Reply
  3. Rajesh Upadhya says

    October 20, 2010 at 7:12 am

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

    Reply
    • Rajandran R says

      October 20, 2010 at 11:22 am

      @rajesh

      you need a trading software along with real time intraday tick data to support ichimoku cloud chart in realtime

      Reply
  4. rk mishra says

    October 20, 2010 at 7:28 pm

    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.

    Reply
  5. ajit gaikwad says

    October 20, 2010 at 7:49 pm

    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.

    Reply
    • Rajandran R says

      October 20, 2010 at 11:29 pm

      @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
      https://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
      https://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.

      Reply

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