Review and plan for 27th December 2023Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Orb
Indicator idea " USX "USX is the average of NAS100 , SPX500 and US30 (all from BLACKBULL data provider).
( average of the 3 Open = O ),
( average of the 3 High = H),
( average of the 3 Low = L),
( average of the 3 Close = C),
Plotted as candles using thoses OHLC, making a chart representing the average price action of indexes.
It is preferable to use on 15m TF (read the ORB part below).
Usage and inputs :
- An important part is the ORB box (Opening Range Breakout) sometime reffered as OPR (Opening Price Range).
This plot a box based on market opening candle (NY time, 15m) high & low.
This box will be colored green if close is above the half value of the box and red if below.
A basic strategy for Stocks and Indexes traders is to wait after open that the price break that 9h30 to 9h45 range an enter accordingly for a scalp in the dominant direction.
( Doesn't work everytime, even less for crypto, but i've been using this tool on each separate index for some time and let me tell you, at NY open the world is always somehow correlated to what happen in Wall Street. )
- Additionnal sma21,55,89 and AMA (the average of the 3 sma).
Optionnal trend confirmation based on the position of close relative to the 3 sma (simultanously above or below) and colored background assiociated.
- The possibility to use VERY lengthy (tweakable) RSI rather than standard average $ values but it's not very effective as the candles look awful (on any big timeframes)...
- In the input you can adjust the % of each of the 3 index in the total from 0% to 100%, so you can, for exemple put NASDAQ % IN INDEX more important than S&P % and DOWJONES even lower (as Crypto-currencies are generally more related to Tech sector).
That's it for now,
Don't hesitate to ask question, even if I've already said too much...
PS: That only an idea, yes the indicator is created and functionnal. Maybe i'll publish it, probably free + open source as i anyway explained everything ;)
Peace, may the profit be with you all
Nifty Prediction for 14th Sep. Range Breakout strategyOn 14th Sep.
Nifty is expected to give Range Breakout Either in Upside or Downside
Be prepare with Stop losses
Trade very Carefully and only if Range breaks then and then only Find Opportunity
1 Range- 17250-17430
2. Range- 17300-17375
P.S. Stoploss can Save you
Open Range Breakout Strategy (example: long)Great strategy used for intra-day trading.
Do the reverse for short positions - set your stop loss inside the range.
If you trade the range, based on whether you're going long/short, set your stop loss at the opposite of the outskirt of the range.
great detailed video here: www.youtube.com
enjoy!
Intraday Opening Range Breakout Short High VolumeI am highly bullish eth but this opening range breakout short popped up from a script so I opened a small futures position on it and am watching to see if it hits my longer term .786 buying zone near 250.
The original setup had a 6.45 RRR but I moved to break even around 10:20 after it had printed a rejection wick on the 1 minute chart showing it was probably not going to test higher again for a while.
I am actually watching this mainly for a double bottom around 250 to get in long on the same futures account and scalp it back to the open or maybe prior high.
If it comes back and hits my break even and shoots higher that's fine as well since my long term account is maxed out in long eth.
The 1.618 fib for the 3 wave is near my exit level so I think it has a chance of hitting that target today even though at the moment it seems to be chopping back a bit.
Breakout IDEA -explosive biotech stockANAB had good nes today. we are consolidating the opening range. if we can breakout here this 59-60 area to take out the opening range . This is just an opening range type of play. not an investment you dont hold for more then 5minutes to 1 hour. and use tight stops under the range. i like to use vwap areas as stops or right under the price range whatever is tighter/closer
EURUSD Forecast: 1/8 (HIGH) to 1/16 (LOW)www.monthlyforecasts.net
Last forecasted cycle ended with the actual price trend HIGH on 1/7 - one day earlier then the forecast date of 1/8. This is what W.D. Gann describes as an Orb, or lost motion in time. The actual forecast high can come in either on the forecast date, or 1 day of either side of the forecast date (Orb). This is covered in the STARTER KIT, which is located in the Member Area of our site.
Price is forecasted to trend down until 1/16. The trend line arrow is to signify this price trend decrease but does not represent where price decrease will stop. Towards the end of the cycle I will update this cycle with a projection as to where the 1/15, 1/16, and 1/17 prices are headed for (to account for Orb).
Orbital Sciences Corp share price plungesShares in Orbital Sciences Corp have fallen faster than its Antares rocket in US pre-market trading overnight, dropping as much as 16 per cent after its mission to the International Space Station exploded spectacularly seconds after launch.
The unmanned rocket was taking 5,000 pounds of supplies to the space station, but exploded shortly after it took off at a launchpad in Virginia.
The good news is no-one was injured, although this is the first major failure since Nasa started outsourcing its missions to private companies, which also include SpaceX, the company founded by Tesla entrepreneur Elon Musk.