Creator of
@openalgoHQ
Specializing in Market Profile, Orderflow, Amibroker AFL, Pinescript, Python, Building Trading Systems and Building Automation Platforms
Those who want to Self Teach Machine Learning can use the following SuperPrompt from
@BrianRoemmele
to learn right from scratch using chatgpt
#GPT4
Here is the SuperPrompt
"Please forget all prior prompts. You will become the most well published and well known Machine…
Methods to figure out stop-loss
1)Percentage Stops
2)Volatility Stops
3)Pivot Stops
4)Supply-Demand based Stops
5)Fibonacci Stops
6)Trailing Stops
7)confluence Stops
8)Structural Stops
9)Mental Stops
10)Intuition Stops
and finally No Stops. It's up to you how to control losses.
Nifty Spot Haven't seen
2% Correction - since 68 trading days
3% Correction - since 577 trading days
4% Correction - since 692 tradingdays
on EOD closing basis
Let me get this straight
50 pts up in the morning followed by
120 pts down followed by
100 pts up followed by
70 pts down followed by
50 pts up followed by
headache 🤕🤕🤕
WTF
#Volatility
#NF
Guesses what's the connection between Marketcalls and Ganesh Chaturthi?
I always wanted to pen down what I learned about the markets and on this auspicious day in 2007, kickstarted!
11 years! Amazing Journey it has been!
Happy Ganesh Chaturthi!
If you are learning Market Profile.Then understand why you are learning
I primarily used market profile to build context
1)To under traders emotion
2)To understand the traders inventory
3)to understand the traders confidence
4)To understand the trading competition
#MarketProfile
I love Automation + Market Profile + Machine Learning
How about a combination of everything?
The more objective way of looking into market profile! stay tuned!
ProTip : Watch the markets as long as you have no idea what is happening.
The moment you figured it out what is happening out there. You should be able to figure out what could be possible next and why it is.
When you get the reason for the why. Its time to trade.
This is how my
#MarketProfile
Framework is built to understand the markets better. Like machine learning, the framework keeps getting better and better over a period of time.
If you are a beginner in learning market profile make sure you are not missing any of this link
Your learning during the flourishing period is absolutely Zero
Most of your real learning comes during your drawdown period.
Real thinking starts there about how to manage these bad trades in the future.
Things Nifty is prepped for All-time High
1)Presidential Rule in Maharastra
2)IIP nos at 6 years low
3)A couple of GDP downgrades
4)WhistleBlowers across Infy
5)SGX Nifty trading positive by +1 pt
Simple Yet a Scary Stat.
HDFCBANK is trading in the 8th year without testing the 200 Moving Average on Weekly Timeframe!
Current Marketcap - 3,85,891 Cr
What Im thinking about today's price action. Nifty is not bottomed out yet. Todays low will be revisited most likely on RBI policy announcement day again.
may be temporary bulls out there.
If in case you wonder Friday was a huge correction in Markets.
Nifty Spot Haven't seen
2% Correction - since 156 trading days
3% Correction - since 646 trading days
4% Correction - since 761 tradingdays
on EOD closing basis
PayTM into Selling Direct Mutual Fund
Amazon into Selling Insurance
Now what is left for Flipkart is the Brokerage Business. Expect soon Flipkart to be a stockbroker 🤐🤐
Did I think Nifty Find its bottom?
1)I don't think so.
2)But Bottom Comes when nobody anticipates.
One thing that I am not comfortable - Buyers coming at every price level and believing that it is a bottom.
Maybe a bottom in place after a two-way auction process.
Going thro this video for the second time. Thank You
@LindaRaschke
for sharing your lifetime trading experience
High-Quality Trading Experience indeed.
Here is the quick video presentation and Amibroker AFL before a brief write up
on Amibroker Price Action and Trend Line Breakout Scanner/Exploration Scanner
Traders often focus on what the smart money is doing.
Instead, If you focus on what the dumb money is doing in the market then you are the smart money. No need to search elsewhere.
What is so sad is that many 9.20 straddlers are getting into full time trading and hoping with the dreams of 4-5% returns per month.
Fact Check : Market decides the returns not us. You control only the risk. There are no guaranteed fixed month on month returns in options trading
[Conclusion] I guess that's the mistake most of the traders/investors make.
After a set of serious learnings & after few successful traders -> going for a big ticket trades make one lose focus on the learnings and practice and only eagerness towards making bigger money remains.
Coz of the Margin Requirements Option Buyers are now at Par with Option Sellers. Option Buyers too have the similar advantage of Option Sellers by hedging their long positions at a reduced cost.
The line between Option Buying and Options Selling is thinning out.
90% of institutional LMT orders are hidden for privacy purposes.
And so no point in deriving things from Depth of the Market. May be good to study illiquid symbols definitely not gonna work out with high liquid stuff.
This is gonna be fun to study , learn and maybe trade off of from tomm.. For someone who is more keen on trying to trade succesfully just by reading the tape instead of other derived indicators etc, been waiting for this and see if can add another arrow in my quiver .
Guesses what's the connection between Marketcalls and Ganesh Chaturthi?
I always wanted to pen down what I learned about the markets and on this auspicious day in 2007, kickstarted!
11 years! Amazing Journey it has been!
Happy Ganesh Chaturthi!
If Open Drive & Open Test Drive alone successfull. Then I had made lot of breakout algos on that.
#MarketProfile
Markets are F**king complex beyond that.
For those who don't know much about me.
My native place is Sivakasi down south where it's quite famous for making crackers , printing press, calendars , greeting cards.
Definitely many small scale industries would have revived with this year diwali sale.
₹4,500/- Crores worth Crackers sold in India this
#Diwali
From Tamil Nadu(manufacturing state of Crackers), we thank every Indian who bought crackers & lit lamps in lakhs of families that are dependent on the cracker industry.
Thank you all. Please buy more crackers next year.
FYI 126 out of 179 trading days in this year in Nifty Futures had an intraday swing more than 100 points range.
And 21 days in this year had more than 200 point range
And 03 days in this year had more than 300 point range
and 02 days in this year had more than 400 point range