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 Short term – Review with Ichimoku and NMA Charts

57 sec read

Atlast after my lazy days i had configured IEOD database in my Amibroker software.

Let have a check with the shorter term charts of nifty. Here we are not trying to predict anything from the charts rather just following the rules of the trading system. Note : Inorder to follow the system a real time chart is necessary or else atleast the IEOD data is required to draw your guideline/rules before jumping to any kind of trade.

 
When we looking into shorter timframes l of NMA and Ichimoku trading system both the hourly and 15 min charts thrown a nice sell signal and still the sell signal continue. Here the idea is to follow any one of the trading system either ichimoku or NMA religiously. And when a trade is taken based on a particular trading system the discipline should be maintained as per the trailing stop loss of the trading system itself. Switching from One trading system to another trading system is not advisable during the course of trading.

Ichimoku Hourly Charts

Sell Signal Arrives in Ichimoku hourly charts during 2:00 P.M on 29th September 2010 and currently with the trailing stop loss of 6006
Ichimoku 15min Charts

Sell Signal Arrives in Ichimoku 15 min charts during 11:00P.M on 29th September 2010 and currently with the trailing stop loss of 6036

NMA Hourly Charts

Sell Signal Arrives very earlier in NMA Hourly charts during 2.00P.M on 28th September 2010 and currently with the trailing stop loss of 6039

NMA 15min Charts

Sell Signal in NMA 15 min charts during 11:00a.m on 29th September 2010. currently with the trailing stop loss of 6009

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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Nifty turns to sell mode on 90 min charts with trailing resistance coming near to the 5500. Similarly Bank Nifty too in sell mode...
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Nifty turns to buy mode with cloud supports coming near to 5460-5470 zone. And Bank Nifty still in sell mode with resistance near 10900....
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4 Replies to “Nifty Short term – Review with Ichimoku and NMA…”

  1. yes i also checked with yahoo data . it is similar to mine in ichimoku but i also use adx.
    any way with ur all afl trading system pls if u can chek it on trial ami. cause many one use ami trial for intraday at least.

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