A-trend
TATA POWER The price had a grate upward move, now the price is forming a channel pattern as the price has been rejected at resistance the price can move upwards after taking support and can break the channel upwards , the other case can be the price will break the channel as well as support and the price will fall .wait for the breakout on either sides..
VEDL is following a wave cycle:It has made a head and shoulder in the past.
Now what is really important is the next move, support zone is coming near 143 form this level the the traders may be more active to go for long as it 3rd way will start from this level and it can move up-to 284. The volume is rising.
SBI Bullish can move towards T1 280 T2 300 - Ichimoku + ADXSBI Bullish can move towards T1 280 T2 300
CMP 252
Should take 3 to 6 weeks or more
Ichimoku show strong upward trend
ADX is positive too ( sty in the trade till ADX is positive and uptrend )
This is for education purpose only. Pls trade at your own risk
How to trade with DQT, 29th Dec 2020 in NIFTYDQT is one of my indicators,
which you can find here
This is an Educational Video regarding trading Setups with the Help of this indicator,
Overview
Right from my college days I was very curious about how digital signal processing can be applied to the markets in a quantitative fashion. From my experiences in the hedge fund industry, I can relate that there is no such thing as a 100% profitable system, but there are things such as a well balanced system, which gives you a view of the market to take profitable decisions with the flow of the market because ultimately market is the king maker.
So it must be your goal to be profitable, In order to do so, you will have to have a backup of a well designed rule based system which should be profitable in the long run (as you have backtested it)!
So in Trading Alchemy!
Having a good backtested system is just the start of the project of getting into the profitable zone.
Because trading stuffs with money making money requires a lot more of effort !
What will it require ?
A good trading style!
You must figure out your own approach to trade over a profitable system, because its not just buying and selling of the stuffs. Rater it is a risk management game,
No-body knows the exact future, but being human makes us speculate.
You must be able to figure out,
1. When to take the Loss
2. When to Dilute the positions with No Profit No Loss! (Most Important Thing to Learn)
** DQTS provides you a rule based framework beforehand to take trade or support your decisions .
What is Decrypto Quantitative Trading System { DQTS }!
It is a system which I built in my thesis project regarding a fund assignment, It comprises of :
1. A Volume Float Indicator, which helps us map out the Volumetric Support and Resistance of the Market more can be found in my script (in.tradingview.com)
2. A Trend Follower, with polarised fractals.
3. Entry, Re-entry, Exit and Reverse Entry Strategy
4. Game theory based fuzzy logic to filter the noises
Who is this system for ?
It can be used by all set of people, may they be beginners, intermediates or advanced . The main goal of DQTS is to help you see the market in an intuitive format, its your responsibility to trade it in your style,
How to use this System ?
As I said earlier, a Trading system is just a beginning of the road to profitability, DQTS is a backtested system which works fine for all the markets, having an acceptable real life risk to reward ration 2.77 and an averaged profit factor of 1.5.
As you all know all things cannot be coded, there are some limitations in the system, but main purpose of DQTS is a good start point.
DQTS provides traders with a base to start the design of their own custom strategy on top of it, it is fairly amalgamative with other confirming indicators.
What timeframe should it be used ?
1min ... 5 mins , 10 mins, 15 mins, 1H ...... 1D
What If you want to learn how to use DQTS?
Private message me for that, I will be happy to help you guys.
Trend Line Analysis Nifty 50 24/12/20201) Critical Support 13580
2) Critical Resistance 13780
3) Forming Pattern - Double Top
4) Upper Trading Zone 13790 - 13970 Stop Loss 20 Points Target 180 Points +/-50
5) Lower Trading Zone 13590 - 13390 Stop Loss 20 Points Target 200 Points +/-50
6) Risk to Reward Raio 1:5
7) Strict No Trading Zone 13580-13780
Disclaimer : All Views are Personal And Educational Purpose Only. You are exclusively responsible for your Profits and Losses. Use them with your own Risk.