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