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Deadly combination of 34 and 8 .(Js)
| From : Jagmohan Singh at 09:16 PM - Feb 23, 2010 (24 months ago) |
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ganesh ji this is bullish or bearish crossover???
Mr. Julius & JS' Ji ...
Price crossed 34 ema is it correct enter here or wait up to closing session, and one more 8 ema is above 34 ema , here how we will keep our stop loss and 8 ema above 34 ema in this condition any short position advisable?... Please clarify...Thanks...
@Mr.Ganesh Sir & Mr.Abdul,
Nifty Spot - 5982
Julius ji ,
We shall board on the same train if it happens.
And one more no need to cross over of 8/34 ema only price crossover, is it... Last August 27 price only cut down 34 ema not moving average cross over happen...
Julius, if price cuts down tomorrow , will it take position near closing session or ...
@Mr.Abdul,
I am expecting from August End.
Last Day of the August Gave the
Sell Signal & Reversed On September1
From the September 1 the System Gives
Maximum.
Hope the next train will come Soon.
Be Ready to travel.
Regards,
J.R.Julius
I hope nifty shorting possibility from tomorrow as per this strategy........................... seniors comment please
Ashok ji good going,, very valuable veiw point
Combination must be tested with the historical data to get the real value of the formula.....I request JS to give the result of backtest on last two year of data mainly of nifty.......In my backtesting i am getting the negative result....i may be wrong in my testing so i request JS to clarify the situation
This is on the 6 month chart.
Last it happened at 5224 and made a low of 4807 (417 pts)but before this it rebounded twice from the 34 EMA.
On 27th too it has closed with a good bounce from the low.
Europe and US markets have closed +ve with good clues,moreover golds up movement restricted with $ on the down move and volatility index quite stable, I feel a bounce is possible.
8 EMA has yet to cross down the 34 EMA.
Hence the SL for shorts have to be strict.
These are just a learner's observation. Comments invited for any wrong observation.
Time Frame EOD, only basis 8 / 12 / 34 ema. (eg. for bullish , step 1 for which
all scripts 8 is crossing 34 and step 2 is 8 ema above 12 also -
philosophy : as long as 8 is above 34 trend is long, and whenever 8
touches 12 be cautious to book profit) This generates say, WatchList
"A"
For eod i like to use MACD (3,10,16) used by Linda
Raschke and
AfraidToTarde.com ; STS (13,8,5), ADX (14), RSI
thank you Js ji and others participated in discussion. classic elucidation to google chart for new entrants leaners like me . Thank you again.
dear jagmohanji great wonderful ......i will apply ......thanks really u r guiding us nicely .........
sir ji another request.. i m new to technicals ?? can u guide me how to get knowledge about calcultn of RSI
how to apply this strategy for stocks sir ji .. pls guide,,
For Nifty Position trade,
I am using this Strategy.
Today We got Sell Signal @ 5424
Thankyou Js Sir for reply, my doubt got cleared, yes i am using google 3 month chart with 34/8 of 1day tick.
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