This course will give you an indepth view on deep technical usage of Amibroker software, handle it effectively on day to day usage (Scanners, Exploration, Trading System, Custom Indicators, Automating a Trading System, Requirements) and the critical components needed for your own algo trading system. This will give thought on pieces that will make you successful as indie automated trader to control your own destiny.
Onetimeframing against Initial Balance is one of my favorite intraday trading strategy with a fairly decent win rate(60-70%). Concept is adopted from market profile to trade against majority of the weak intraday players. Initial Balance is nothing but the first 1 hour high and low range. Whenever price started one timeframing against the Initial Balance direction it shows the presence and confidence of day timeframe players.
Nifty Futures is currently balancing on Monthly, Weekly and Daily timeframe however this balancing could not be continued for a very longer period. Indian markets are showing relatively calm volatility compared to the global markets. Volatility had shooted up massively in global markets in the last three trading session.
Nifty Futures opened gap down on Wednesdays trading session post gap down more of day timeframe sellers started actively dominated the market and resulting in a open auction outside the range.Though price is in balancing mode, value started building lower. At the same time, day timeframe stops too hunted in the second half of the trading session resulting in closing the Wednesday daily gap thereby removing the weaker hand intraday sellers.
Nifty Futures opened gap up however reverses all its gains in the first hour of trading and ended up with a classical ORR setup with b shape structure (long liquidation). Initial confidence of sellers are dominated in the first half of the session followed by dull boring balancing day in Nifty Futures. Downside pressure is maintained in Bank Nifty index due to resumed PSU Bank selling pressure. Nifty PSU Bank Index is down by 3.49% for the day.
Nifty Futures continued its Fridays sentiment, opened gap up above the previous week high levels with a greater confidence on Mondays Trading Session. Confidence of the buyers maintained throughout the day. On the Daily timeframe Nifty Futures looked below the balance and now back into the balance and filled the balance completely.
Fridays Price action ended with a massive short covering followed by fresh money buying with trading sentiment switches to positive. Open Interest in Nifty Futures is up by 5.19% showing incoming fresh money supply towards the longs. Multiple Price rejections witnessed at 10343 ( strong ORR levels ) on daily timeframe. And moreover price manage to close above previous month low and also above the psychological reference 10500.
Every active stock market investor wants to know: Where are prices headed next? Most will scour the financial headlines, tune into financial television and talk to their broker or financial advisor in hopes of finding the answer. But, alas, this quest for market insight often leaves investors just as uncertain as before.
Will be presenting a webinar on How to use Bell Market Profile Pro (New Features) and how to analyze Nifty and Bank Nifty Futures using Market Profile and how to take advantage of new Market Profile features in Ninjatrader 8 platform.
Both NSE & BSE received approval from SEBI to launch Cross Currency Derivative Pairs EURUSD, GBPUSD, USDJPY. The trade timing in pair currency contracts would be available between 9:00 AM and 7:30 PM.
When markets are surrounded with rumors and fake hoaxes its always good to take a bird eye view to understand the trading competition in a better way. From the EOD charts Strong ORR 10343 levels acting as a strong demand zone on EOD closing basis. Responsive buying came whenever price dipped below 10340 levels and managed to close above/around 10340 levels.
Nifty Futures opened within the range on Monday and managed to break Fridays low in the first 30min of trading and tested 10300 levels post the mid noon. Post testing below 10300 managed to recovered towards the Developing Point of Control. Trading sentiment is negative and value formed lower for the day relative to Fridays trading session. PSU Bank scam sentiment weigh the day, puts more downside pressure on the price.