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Only For Positional Traders - NIFTY INDICATOR
| From : Balaji Kumar at 03:16 PM - Feb 05, 2012 ( ) |
Share it on FacebookGUYS HERE IS THE INDICAOTR FOR POSITIONAL TRADERS... DONT USE FOR INTRADAY - RESULTS ARE NOT THAT MUCH GOOD for intraday.. or u can use it for 30 min or 1hr chart, not below that
1. In your nifty chart or any stocks draw 13 days high and low EMA (red line -low , high line - green)
2. Draw 3 days close EMA (white line).
3.Now if 3D ema is above 13 ema high then hold for long, if 3D below 13ema then hold shorts.
4. I observed some things other than above:
If 3ema is near 13ema high,nifty spot reverses to 13ema low. And if 3ema is near13ema low,Nifty spot reverses to 13ems high value.
And
Nifty simple strategy also works, If nifty is below 3ema for two days, downtrend continues. And same if nifty spot is above 3ema for two days,bull continues.
This is the simplest strategy i observed... have a look at chart
red-13ema low
green - 13ema high
white - 3ema
gray - nifty spot.
SO ENJOY... BE SIMPLE.
SAVE THE IMAGE AND ZOOM IT.... U CAN SEE THE RESULTS...
i am seeing all the combinations.. so here is a update..
REPLACE ALL 3EMA TO 5EMA.. THIS IS GIVING GOOD RESULTS...
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WITH DAILY WE CAN SAY 5430-40 IS NIFTY FUTURE RESISTANCE AND IF CLOSES ABOVE FOR THREE DAYS.. WE ARE HEADED TO 5600. TAKE CARE.... BE BULLISH, BUT DONT BE TOO BULLISH, FOLOW SL'S .. JUST FOLLOW TREND...
GUYS........ BY THIS INDICATOR.. U CAN KNOW WHY NIFTY JUMPED...
THIS IS DAILY CHART: U CAN SEE WEEKNESS AS WHITE IS BELOW RED...
BUT SEE BELOW WEEKLY CHART: ITS AT SUPPORT AND NOW NIFTY WILL BE SHOWING ITS WEEK FACE BUT INTERNALLY ITS STRONG FOR HIGHER TARGET OF 5600...
CANDLE STICK IS SHOWING WEEKNESS BUT OUR POWERFULL INDICATOR IS BULLISH...
THIS IS THE REASON NIFTY RECOVERING........
GUYS TILL NOW ACTUALLY IM THINKING WHY THIS IS GIVING ONLY 90% RESULTS ON EOD.. BUT THING IS THAT SOME OTHER FORCE IS DOING IT SO.. JUST WATCH WEEKLY RESULTS.... AND JUST WATCH THIS STRATEGY ON MONTHLY CHARTS AND U CAN KNOW WHY THIS JAN BULL CAME....
ENJOYYYYYYYYYY................................................. . . . . . . . .
ACCORDING TO THIS.. THIS MONTH IMMEDIATE TARGET FOR NIFTY IS 5469...
at last this target is reaching.. so lets go short at 5469 level....maintain SL
@Chandra shekaran
Sir, only single 5ema's are giving more whipsaws... for that , for confirmation we can take two closes of 5ema or two closes of 3ema also.....
One more observation I have made is that whenever Day's High is lower than
previous day's 5 day Low average, we can go short. Whenever Day's Low is higher than
previous day's 5 Day High Average, go long.
yes Bala ji its good one, am also experienced with 3 13 ema in 30 min chart its good for positional
THIS IS NIFTY WEEKLY.. ACC. TO THIS STRATEGY RESISTANCE IS THERE NOW AT 5350CLOSE. SO EXPECTING NEXT WEEK A FALL AND AGAIN PICK UP TO 5469 (+100PTS) ALSO POSSIBLE...
ENJOYY,,,,,,,,
Balaji pl post details in a excel sheetand up load it it will easy for many to understand. thanks
GUYS TILL NOW ACTUALLY IM THINKING WHY THIS IS GIVING ONLY 90% RESULTS ON EOD.. BUT THING IS THAT SOME OTHER FORCE IS DOING IT SO.. JUST WATCH WEEKLY RESULTS.... AND JUST WATCH THIS STRATEGY ON MONTHLY CHARTS AND U CAN KNOW WHY THIS JAN BULL CAME....
ENJOYYYYYYYYYY................................................. . . . . . . . .
THIS IS MONTHLY
ACCORDING TO THIS.. THIS MONTH IMMEDIATE TARGET FOR NIFTY IS 5469...
@balaji
thanks so much, really appreciate your efforts.
Tried my work on charts with your 13d High & 13d Low Crossover of 3d Shows splendid results on many charts :)
All the best,
NFM
@miller
this is more accurate for eod data only... Yes this is giving god results.. so im sharing with you friends...
Looks Good strategy !
Can this be applied for EoD Data ?
I Feel this is strategy is really good only point i think is it is really good for trending stocks.
@stanley
This strategy didnt not give more than 1-2 whipsaws in a month,that too one time its coming and crossing line and going back... so u confirm by two days close. Thats why observe the 3ema and deploy your amount two times.. confirm for two times close for that 3ema line.. everytime check for two times close so it will be accurate...
In between 13dayhigh- low band be atttentive and trade.Once nifty comes to 13ema low from high it is going towards 3ema line. and vice versa... just book profits evertime when in this band.. if outside band????u can go for a holiday, it gives u money...
-balaji
good one, but simple strategy gives whipsaws also
How many whipsaws can we expect a month
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