Sunday, February 7, 2010
Intraday Chart Setup
Here are a couple of snapshots of my intraday chart setup for the E-mini.Intraday charts for the E-mini S&P are set that each candle is 512 ticks. Depending on market participation candles can vary in time from 15 seconds to a few minutes. The moving averages are set to 34 ema hi, close and low to create a trading band. Stochastics are set at 20/20 and are used to scalp a few points if the urge hits me. The StochRSI is used here as a trend strength indicator. The bottom indicator (Williams %R) helps with entry when entering a trade during a trending market. The arrows are there for price close crossovers of the center 34 ema. Other things that I keep an eye on are support and resistance levels along with buy and sell fractals. The bottom snapshot shows a zoom in of the center highlighted section of the chart from above.
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MARKET TODAY
Key benchmark indices are likely to open lower as sentiment is not very positive and clear in the global markets. Asian stocks traded mixed, after U.S. stocks ended almost unchanged, pressured by mixed signals from the U.S. labour market and growing anxiety over fiscal problems in Europe. However, volatility may remain high as investors may remain cautious over sovereign debt problems in the euro zone.
According to data released by the NSE, in the last session, FIIs were buyers of index futures to the tune of Rs 12.05 crore while sold index options worth Rs 52.08 crore. They were net buyers of stock futures to the tune of Rs 8.26 crore while sold stock options worth Rs 0.3 crore.
More details http://www.16anna.com
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Key benchmark indices are likely to open lower as sentiment is not very positive and clear in the global markets. Asian stocks traded mixed, after U.S. stocks ended almost unchanged, pressured by mixed signals from the U.S. labour market and growing anxiety over fiscal problems in Europe. However, volatility may remain high as investors may remain cautious over sovereign debt problems in the euro zone.
According to data released by the NSE, in the last session, FIIs were buyers of index futures to the tune of Rs 12.05 crore while sold index options worth Rs 52.08 crore. They were net buyers of stock futures to the tune of Rs 8.26 crore while sold stock options worth Rs 0.3 crore.
More details http://www.16anna.com
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