How to trade Commodities - Gold, Silver, Crude Oil, Natural Gas
- Thread starter uttamkamlesh
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Guys! following link can be used to gauge bias of the stocks for the next day(s)....
http://www.bigpaisa.com/nse/futures-trades/open-interest/expiry/near-month
(a) Plan trade for the stocks which fit best, as during the week we have lots of choices easily available.
(b) Have 1 or 2-stocks to SHORT, 1 or 2-to go LONG simultaneously.
(c) For Long or Short consider only those stocks which have OI change at least 5%. Higher the better.
(d) BULLISH: If price increases AND OI increases.
.....BEARISH: If price decreases AND OI increases.
(e) Not easy to interpret near expiry due to roll-overs, after expiry again on track.
=> Define your stop Loss and Target as per the chart.
Paper trading for few weeks is definitely required.
http://www.bigpaisa.com/nse/futures-trades/open-interest/expiry/near-month
(a) Plan trade for the stocks which fit best, as during the week we have lots of choices easily available.
(b) Have 1 or 2-stocks to SHORT, 1 or 2-to go LONG simultaneously.
(c) For Long or Short consider only those stocks which have OI change at least 5%. Higher the better.
(d) BULLISH: If price increases AND OI increases.
.....BEARISH: If price decreases AND OI increases.
(e) Not easy to interpret near expiry due to roll-overs, after expiry again on track.
=> Define your stop Loss and Target as per the chart.
Paper trading for few weeks is definitely required.
Guys i have a plan....plz help me in figuring out the resource....
I want to track some 200 fundamentally strong stocks and want to scan their Weekly/Daily charts....Suppose there are some patterns which i want to scan over all of them...formula i can write....
One way is to update excel file of each stock....that is the last option for me...
I want to know if any other way is also possible.....like Amibroker etc..?....
Your views are cordially awaited....
I want to track some 200 fundamentally strong stocks and want to scan their Weekly/Daily charts....Suppose there are some patterns which i want to scan over all of them...formula i can write....
One way is to update excel file of each stock....that is the last option for me...
I want to know if any other way is also possible.....like Amibroker etc..?....
Your views are cordially awaited....
See attached results for all 240+ FnO scripts scanned for all harmonic patterns on a daily chart. This can be done in less than 1 minutes.
Harmonic patterns as on 17-Feb-2012
View attachment 17651
Harmonic patterns as on 17-Feb-2012
View attachment 17651
Last edited:
I think the Best is Amibroker, I think you can find tons of resources for that here in TJ. EOD data is easy to get, if you want to have IEOD, I think you need subscription, which you can get for around 400-600 (you will get live data as well) decent ones. You can as well, Google Amibroker AFL with few keywords 
you can find tons more of resources available.
you can find tons more of resources available.I'm using Amibroker or Spider depending upon data & forumla requirement.
Best is you need to decide your timeframe (EOD you will get data from many sources... IEOD you may need to purchase or can get from somebody on TJ)
Secondly you need to code your scanning formula into AFL. That's it.
If required I can help in coding.
Regards,
Best is you need to decide your timeframe (EOD you will get data from many sources... IEOD you may need to purchase or can get from somebody on TJ)
Secondly you need to code your scanning formula into AFL. That's it.
If required I can help in coding.
Regards,
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