Nifty weekend update
- Nifty Month chart shows price correction above a bullish Trend line. Price for now is in a bearish channel. If price stay within this channel it should test the rising trend line, Depending on the speed of the fall price may hit 7100 levels or lower. To avoid this bulls should do a channel breakout.
- Weekly chart continues to break below swing lows. Staying below 7500 levels will continue to favour bears.
- In the very short term bears need to stay below Hourly cloud to keep the short term trend intact.
- S&P 500 MONTHLY BEARISH CROSS
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Tell me how ichimoku system you used in trading....
ReplyDeleteI have lot of confusion regarding this
Tell me how are you using Ichimoku system in trading...
ReplyDeletei have lot of question regarding this
This one works best on trending markets. If the market starts to trend use the cloud as trailing stop instead of a number.
DeleteWe can use this for buy/sell signal?
DeleteIf you're a beginner try back testing with historic data and see the results. Its always best to combine cloud with one other system to start with.
Deletecombine cloud with crucial support resistance for example.
Yes hourly data is backtested.Result is good....I am positional trader in nifty....
ReplyDeleteplz tell me from your experiance which time frame give good result? Is it hourly or other
See if you find hourly results as good then you're comfortable with hourly time frame. Every trading mind is different. I have tried and tested many time frames. For intraday I am using 15 Minutes. For positional i use hourly data to take trade also combine it with analysis of Day and weekly charts. My tips is to test and find a system that's comfortable for you and to stick with it for longer time.
DeleteOne more thing there is no system which will perform every time.