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MACD/RSI/ADX based strategy |
nelson soibam
White Belt
Joined: 03 Jan 2015
Posts: 34
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Post: #16  Posted: Thu Feb 05, 2015 10:00 pm Post subject: |
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sumesh da/rr sir plz chek can i go long
withregards
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #17 Posted: Thu Feb 05, 2015 10:47 pm Post subject: |
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Mr Nelson
which stock is that ?
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nelson soibam
White Belt
Joined: 03 Jan 2015
Posts: 34
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| Post: #18 Posted: Fri Feb 06, 2015 9:03 am Post subject: |
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rr sir good morning
tatasponge eq
with regards
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #19 Posted: Fri Feb 06, 2015 10:26 am Post subject: Kolte |
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| Kolte Patil should moveup now.. adx already abv 25 , and it is in pull back mode near 50 sma. Other conditions RSI/MACD/emas also satisfy..
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #20 Posted: Fri Feb 06, 2015 10:41 am Post subject: |
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| rameshraja wrote: | Mr Sumesh
You are picking the stocks where MACD crossing Zero from below and RSI above 60.. High probable trade setup is taking ADX into consideration.. When it moves above 25, then momentum to your buy signal will accelerate.
Very Importantly, first you have to decide about the trend of market by using 50,200 crossover in Daily chart. If crossover is in buy mode and when market corrects and then begin to moveup again, the above setup can have high probable trades.
In Bull market, when 50, 200 crossover is in buy, the instrument tend to pullback to 50 average and thats the place you need to watch the above setup to takeup trades.
Today, thats the reason I told you about Tata Sponge in SB, just don't look at MACD and RSI alone as averages are not in perfect buy mode.. So too ONGC..
Trust this helps you.. |
Thanks a lot sir.. Yes it has definitely given lot of clarity now . In fact till now, I was not aware of 50/200 concept in this setup... Hopefully, now we can identify some good setups.. I request you sir , if you can post 1 or 2 live setup so that we can consolidate our understanding..
Thanks again..
Regards,
Sumesh
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nelson soibam
White Belt
Joined: 03 Jan 2015
Posts: 34
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| Post: #21 Posted: Fri Feb 06, 2015 4:37 pm Post subject: |
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rr sir it is daily tatasponge
withregards
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #22 Posted: Fri Feb 06, 2015 5:32 pm Post subject: BHARTIARTL...eod |
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BHARTIARTL...eod
============
Dear RR sir, please find enclosed a case study for us. Upside 50/200 crossover done during June'14. Since then it travelled 360 to 420 , Now again it has retraced and price fell below 50 ma. Here 50 has actually just crossed 200 on downside, but prices are still not trading below both MAs. The questions are:
1.) Should our bias still be bullish ?
2.) If Bullish then when should we take long ?
3.) RSI below 60, ADX below 25, MACD abv zero line but with falling histograms. What should be read with these indicators readings ? Should we wait till RSI goes abv 60 & ADX above 25 for initiating long ?
4.) What should be SL ? I guess it is recent (low 356.5), if it doesn't make any further low.
Sir, these are very essential for us to understand the system in a better way. Kindly help.
Regards,
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nelson soibam
White Belt
Joined: 03 Jan 2015
Posts: 34
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| Post: #23 Posted: Sat Feb 07, 2015 7:31 pm Post subject: |
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GE
TCS 1M
withregards
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #24 Posted: Thu Mar 05, 2015 6:35 pm Post subject: STAR..eod |
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STAR..eod
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #25 Posted: Sun Mar 08, 2015 6:59 pm Post subject: HDFCBANK...30tf |
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HDFCBANK...30tf
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