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Nifty 8 Day EMA Sure plus minus strategy |
sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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Post: #1  Posted: Mon Oct 12, 2015 9:42 pm Post subject: Nifty 8 Day EMA Sure plus minus strategy |
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my strategy is very Simple, Effective & Easy to trade… I have been trading on it since last few months it’s suitable for both bull and bear market... i am making sure 250 to 280 points gain per month from this method. per months 4 to 5 trades are generated.
FRIST you need to see 8 Day Exponential Moving Average of Nifty Spot EOD chart in ichart site.
Let’s say if 8 Dema is 7535 so its buy whenever nifty will crosses 7535 from below. keep stop loss of 27 points (7535-27=7508) minimum target is always 70 points (7535+70=7605). If stop hits just reverse your position and maintain SL as a 8 dma (7535) minimum target is 70 points (7508-70=7438)
Vise a versa for short trade.
Fallow the same strategy to create short position whenever nifty will crosses 8 Dma from above keep SL 27 points minimum target 70 points.
Back tested result says Stop hitting chances is 30% that to recover when you reverse position..
Lets share your views |
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sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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| Post: #2 Posted: Mon Oct 12, 2015 9:48 pm Post subject: Trade levels for 13th Oct |
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Nifty Spot is sell below 8096 SL 8123 TGT 8026
If stop hits just reverse your position to buy keeping SL @ 8096 |
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kishjk7551
White Belt
Joined: 26 Jan 2008
Posts: 293
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| Post: #3 Posted: Mon Oct 12, 2015 10:31 pm Post subject: |
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Hi sspagro
Best of Luck for your new system , I have two questions for you
1) What to do in case of Gap up / Gap down .
2) Do you book out fully at 70 points.
Regards |
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sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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| Post: #4 Posted: Tue Oct 13, 2015 1:37 pm Post subject: |
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| READY TO SHORT NIFTY IF 8096 LEVELS BREAKS (SPOT LEVEL) |
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grshnehete
White Belt
Joined: 15 Sep 2015
Posts: 69
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| Post: #5 Posted: Tue Oct 13, 2015 4:59 pm Post subject: |
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Hello SSPAGRO,
Today NS went below 8096, so short nifty at 8096.
SL hit @8123 & immediately bought Nifty @8123.
So we are long for Nifty till 8193. Correct?
Looking at EOD chart, 8 Day EMA is at 8103 & NS @8218 (Icharts)
So tomorrow, if NS goes below 8103, short nifty for target for 8033.
So should we remove the call position taken today at 8103? |
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sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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| Post: #6 Posted: Tue Oct 13, 2015 5:23 pm Post subject: |
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| grshnehete wrote: | Hello SSPAGRO,
Today NS went below 8096, so short nifty at 8096.
SL hit @8123 & immediately bought Nifty @8123.
So we are long for Nifty till 8193. Correct?
Looking at EOD chart, 8 Day EMA is at 8103 & NS @8218 (Icharts)
So tomorrow, if NS goes below 8103, short nifty for target for 8033.
So should we remove the call position taken today at 8103? |
yes SL hit @8123 and we reverse our position as per strategy rule. |
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grshnehete
White Belt
Joined: 15 Sep 2015
Posts: 69
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| Post: #7 Posted: Tue Oct 13, 2015 5:46 pm Post subject: |
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| sspagro wrote: | | grshnehete wrote: | Hello SSPAGRO,
Today NS went below 8096, so short nifty at 8096.
SL hit @8123 & immediately bought Nifty @8123.
So we are long for Nifty till 8193. Correct?
Looking at EOD chart, 8 Day EMA is at 8103 & NS @8218 (Icharts)
So tomorrow, if NS goes below 8103, short nifty for target for 8033.
So should we remove the call position taken today at 8103? |
yes SL hit @8123 and we reverse our position as per strategy rule. |
Right now we are bullish abt the market as per your strateg.I am asking that if market goes to 8103, which is today's 8EMA, we will take fresh entry in Nifty sell. So should we remove the today's long position @8103. |
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sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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| Post: #8 Posted: Tue Oct 13, 2015 9:48 pm Post subject: |
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| grshnehete wrote: | | sspagro wrote: | | grshnehete wrote: | Hello SSPAGRO,
Today NS went below 8096, so short nifty at 8096.
SL hit @8123 & immediately bought Nifty @8123.
So we are long for Nifty till 8193. Correct?
Looking at EOD chart, 8 Day EMA is at 8103 & NS @8218 (Icharts)
So tomorrow, if NS goes below 8103, short nifty for target for 8033.
So should we remove the call position taken today at 8103? |
yes SL hit @8123 and we reverse our position as per strategy rule. |
Right now we are bullish abt the market as per your strateg.I am asking that if market goes to 8103, which is today's 8EMA, we will take fresh entry in Nifty sell. So should we remove the today's long position @8103. |
Yes latest 8 day ema 8104 is act as a SL for our long possition. If breaks we will short below it |
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grshnehete
White Belt
Joined: 15 Sep 2015
Posts: 69
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| Post: #9 Posted: Tue Oct 13, 2015 10:00 pm Post subject: |
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| sspagro wrote: | | grshnehete wrote: | | sspagro wrote: | | grshnehete wrote: | Hello SSPAGRO,
Today NS went below 8096, so short nifty at 8096.
SL hit @8123 & immediately bought Nifty @8123.
So we are long for Nifty till 8193. Correct?
Looking at EOD chart, 8 Day EMA is at 8103 & NS @8218 (Icharts)
So tomorrow, if NS goes below 8103, short nifty for target for 8033.
So should we remove the call position taken today at 8103? |
yes SL hit @8123 and we reverse our position as per strategy rule. |
Thanks
Right now we are bullish abt the market as per your strateg.I am asking that if market goes to 8103, which is today's 8EMA, we will take fresh entry in Nifty sell. So should we remove the today's long position @8103. |
Yes latest 8 day ema 8104 is act as a SL for our long possition. If breaks we will short below it |
Thanks  |
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Raynor
White Belt
Joined: 21 Mar 2013
Posts: 108
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| Post: #10 Posted: Wed Oct 14, 2015 11:50 am Post subject: |
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| sspagro you started this strategy around 2014 september.. how many points this strategy has provided so far... |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #11 Posted: Wed Oct 14, 2015 12:11 pm Post subject: |
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one suggestion if you dont mind
take position only on break of 1 hour candle high or low for long and short respectively when closes above or below 8 EMA.... it will give more than 70 on good days and save you from whips..
like for example, today NF closed above 8 EMA with high of 8147.50 (sgx chart)on 1 HR TF... hence longs should be taken only above 8148... hope you get it... |
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sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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| Post: #12 Posted: Thu Oct 15, 2015 9:29 am Post subject: |
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yesterday our support was 8104. nifty did not break it convincingly and bounce smartly check on chart. that's power of my 8 Dma strategy.
ENJOY GAINS. NIFTY IN 40-50 POINTS ALMOST. HOLD FOR MORE
TODAYS SUPPORT 8105
the beauty on this strategy is you always in + even after hitting SL |
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sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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| Post: #13 Posted: Thu Oct 15, 2015 11:06 am Post subject: |
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let me know guys if you interested in Excel sheet to get daily trade levels and simultaneously our trade record keeping. i will email
Good Day. |
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sspagro
White Belt
Joined: 05 Feb 2013
Posts: 172
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| Post: #14 Posted: Thu Oct 15, 2015 11:16 am Post subject: |
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Nifty 8096 to 8181 almost 85 points DONE. (our target is 70 points as per my strategy)
you may book smart 70-80 points gain. ENJOY
one may trail some lots for more gain. nifty looks good.
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grshnehete
White Belt
Joined: 15 Sep 2015
Posts: 69
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| Post: #15 Posted: Thu Oct 15, 2015 11:34 am Post subject: |
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| sspagro wrote: | Nifty 8096 to 8181 almost 85 points DONE. (our target is 70 points as per my strategy)
you may book smart 70-80 points gain. ENJOY
one may trail some lots for more gain. nifty looks good.
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Nice strategy. I am interested in excel. Please PM me the excel sheet. I will also try to keep it updated.
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