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 Trading Notes on 18th July,2008

29 sec read


 

Nifty is not giving any clear until 1.p.m. See the EMA setup formed after 1.P.M which tell us to long the day.Where the candle
surpasses above the 13 EMA which leads to buy signal in Nifty. Also the Nifty ends higher breaking the upisde resistance
4020 and 4080.
 
Two Simple Rules to Follow
 
1) Go Long if 3 EMA is  above 13 EMA and 13 EMA is above 34min EMA with stop loss below 34 EMA
2) Go Short if 3 EMA is below 13 EMA and 13 EMA is below 34min EMA with Stop loss above 34 EMA
 
 
So We longed and the pattern remain the same and there is no collapse in the pattern till the end of the day
So easy Profits and our profits extends till the end of the day.
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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0 Replies to “Nifty Trading Notes on 18th July,2008”

  1. Dear sir, This is ASHWIN from PUNE,I regularly read your views, they are simply fantastic, i wanted to know what time frame should be taken while using 3-13-34 ema for intraday and also what time frame should b taken while using 10-20-30 ema.kindly reply at the earliest and keep the good work ongoing sirregardsASHWIN J LALAN9850537946

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