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Nifty 8 Day EMA Sure plus minus strategy |
Amitsh27
White Belt
Joined: 20 Dec 2012
Posts: 47
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Post: #76  Posted: Thu Dec 03, 2015 9:05 pm Post subject: |
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| AjitS wrote: | | sspagro wrote: | | Amitsh27 wrote: | Hi SS,
Is 8 DMA is same as 8 EMA? pl clarify
8EMA = 7898 today?
Thanks ! |
yes Amitsh |
SS,
So, the trade is to stay short with target 7828 (7898-70 pts) and SL 7925 (7898+27 pts),
right? |
Ajit bro, already it's SELL at 7908 & tgt achieved...now wait for new crossover and keep checking 8EMA daily......cheers !! |
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sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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| Post: #77 Posted: Fri Dec 04, 2015 9:22 am Post subject: |
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NIFTY SPOT 7908 to 7800 DONE. book almost 100 points gains ENJOY.
why to listen tv channels,tips provider when you have such a simple & precise strategy  you know your own levels  have a nice weekend.... |
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Amitsh27
White Belt
Joined: 20 Dec 2012
Posts: 47
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| Post: #78 Posted: Fri Dec 04, 2015 10:07 am Post subject: |
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| yes good strategy but exit is not clear. We should exit at 70 points and wait for next set-up OR use TSL to earn bigger profit. Thanks...!! |
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sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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| Post: #79 Posted: Fri Dec 04, 2015 10:18 am Post subject: |
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| Amitsh27 wrote: | | yes good strategy but exit is not clear. We should exit at 70 points and wait for next set-up OR use TSL to earn bigger profit. Thanks...!! |
Dear amitsh exit is clear always book 70 points. But todays case we opend gap down and benefited 30 bonus points. So booked 100 😀 |
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Amitsh27
White Belt
Joined: 20 Dec 2012
Posts: 47
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| Post: #80 Posted: Fri Dec 04, 2015 10:29 am Post subject: |
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| sspagro wrote: | | Amitsh27 wrote: | | yes good strategy but exit is not clear. We should exit at 70 points and wait for next set-up OR use TSL to earn bigger profit. Thanks...!! |
Dear amitsh exit is clear always book 70 points. But todays case we opend gap down and benefited 30 bonus points. So booked 100 😀 |
Thanks dear SS....how about applying it in crude oil? |
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sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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| Post: #81 Posted: Fri Dec 04, 2015 11:16 am Post subject: |
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| Amitsh27 wrote: | | sspagro wrote: | | Amitsh27 wrote: | | yes good strategy but exit is not clear. We should exit at 70 points and wait for next set-up OR use TSL to earn bigger profit. Thanks...!! |
Dear amitsh exit is clear always book 70 points. But todays case we opend gap down and benefited 30 bonus points. So booked 100 😀 |
Thanks dear SS....how about applying it in crude oil? |
i dnt trade crud.. you try and lets share with all if beneficial. |
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gladwin73
White Belt
Joined: 10 Jan 2010
Posts: 2
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| Post: #82 Posted: Wed Dec 16, 2015 10:08 am Post subject: |
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| One query, if SL is hit couple of times should we stop the trade or continue to trade? While back testing in Jan this year SL was hit 3 times consecutively. What should be done in such a senario? |
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nakum
Brown Belt
Joined: 10 Jan 2008
Posts: 2252
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| Post: #83 Posted: Wed Dec 16, 2015 10:37 am Post subject: |
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dear sspagro
one more query
yesterday 8EMA was 7704.42 and NS made high 7705 & close 7700
such condition we enter yesterday or today's opening |
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Amitsh27
White Belt
Joined: 20 Dec 2012
Posts: 47
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| Post: #84 Posted: Wed Dec 16, 2015 10:39 am Post subject: |
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| nakum wrote: | dear sspagro
one more query
yesterday 8EMA was 7704.42 and NS made high 7705 & close 7700
such condition we enter yesterday or today's opening |
thanks for raising this question. I also want to know as today's case is a typical one. Today's open is 7725 which is already 21 points more than our entering value. So when to enter & what should be the target if enter at open? thanks !! |
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ramshirsath
White Belt
Joined: 25 Oct 2009
Posts: 12
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| Post: #85 Posted: Wed Dec 16, 2015 11:41 am Post subject: |
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| strategy is very clear once buy triggered one should take position without any delay sl is must already 60 points made |
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sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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| Post: #86 Posted: Wed Dec 16, 2015 12:03 pm Post subject: |
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we are holding longs above 7704
already in decent profits 55-60 points ...safe traders may book part position or hold. nifty looks good.  |
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Amitsh27
White Belt
Joined: 20 Dec 2012
Posts: 47
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| Post: #87 Posted: Wed Dec 16, 2015 12:23 pm Post subject: |
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| ramshirsath wrote: | | strategy is very clear once buy triggered one should take position without any delay sl is must already 60 points made |
when did you buy & at what spot price? |
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sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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| Post: #88 Posted: Wed Dec 16, 2015 12:49 pm Post subject: |
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| Amitsh27 wrote: | | ramshirsath wrote: | | strategy is very clear once buy triggered one should take position without any delay sl is must already 60 points made |
when did you buy & at what spot price? |
dear amitesh yesterday 8 dma 7704 was crossed. you should keep a watch on 8 day level on your own and trade. its very simple strategy. there is no need to spoon feeding for buy/sell its self explanatory setup. |
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sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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| Post: #89 Posted: Wed Dec 16, 2015 12:49 pm Post subject: |
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NIfty Sport 7704 to 7776 done our target book profits. book 70 points as per rule and exit. this strategy always in profits
trades with full confidence. |
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sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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| Post: #90 Posted: Wed Dec 16, 2015 1:01 pm Post subject: |
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| nakum wrote: | dear sspagro
one more query
yesterday 8EMA was 7704.42 and NS made high 7705 & close 7700
such condition we enter yesterday or today's opening |
first think 8 dma was 7704 on icharts. always check level on icharts its best one for charts.
second think nifty made 7705 and triggered long condition so long with 27 points Sl
its very simple. i would request all to read my first strategy post carefully. its simplest strategy in the world |
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