Currently Both the US Indices S&P500 and Dow Jones are in positional sell mode for a long time since 2nd Jan 2014. Currently the resistance zone coming around 1855 and 16543 respectively. Position will be reversed to positional buy mode if the resistance zone breaks on the hourly charts.
Rajandran R Follow
Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
S&P500 and Dow Jones Index January Overview – I
10 sec read
Rajendra Sir, I have heard about you many times. You are the worlds finest strategy maker. I am a fresher in the market. made some losses. can you give me excellent strategy on 1 min chart, basically i am a intraday trader. i know you are busy and you may not entertain me but i have some hopes.
Thanks
S G Jadhav
apali Mumbai
Hi,
As of now iam not designing intraday strategies and most of my works and my reviews on others strategies are kept opensource here in my blog you can access the complete list here http://www.marketcalls.in/library
You need to learn how to control your losses rather than avoiding your losses that is the only key in playing in this random market.