iCharts Discussions

[sathya999]

Check this for stratergy.
Not mine, found it by googling.

It is a multiple trading strategy in especially in nifty
;to trade each trend and 5 EMA,Price Closing of the candle,
And 2 period RSI is used to make decisions for your intraday trades. As per 2 period RSI
- 5 indicates overbought levels and 95 indicates oversold levels which play a considerable role in making decisions.
Check out the charts
for making confirm decisions.

Signals Buy means Buy or Exit Shorts
Sell Means Short or Exit Longs
Exit Short Strategy
If Price Closes above 5 EMA then Enter long or Exit Short
Enter Short
Exit Short Strategy
If price Closes below 5 EMA then Enter Short or Exit Longs
For Intraday
Use 5 min-EMA or 15 Min Charts
Note : Buy/Sell Decision Should be taken only on closing of the candle

as simple as it can get
u could also add a 34 ema or 89 ema, to say buy above or sell below. but, this is simple

[chetan83]