iCharts Discussions

[rrsekhar]

Dear all,

12 ema swing trading system for nifty futures rocks. there is no need to look for ema cross overs, news, technical indicators etc. it is simple and easy to understand.

regards

rrsekhar

[nageswararao_v]

[rrsekhar]

Nageswara Rao garu
Go through the thread - Forum/Markets/Futures and Options/Nifty Future Positional Swing Trading Calls.
Any doubts I will try to clarify
regards
rrsekhar

[minooda]

Dear Shekhar,
Can u give a link to this 12 ema trading system? I could not find it

[venkkatshiv]

[venkkatshiv]

[venkkatshiv]

[venkkatshiv]

[rrsekhar]

Venkatshiv- What??


Minooda - the thread is still there in icharts. Go to : Forum/Markets/Futures and Options/Nifty Future Positional Swing Trading Calls.
Any doubts I will try to clarify

rrsekhar

[rrsekhar]

Dear all,

When i first started trading this system, i had no clue about it's significance. I was actually going blind because it seemed so simple. Then one of my colleagues told me about some technical indicators and one of them was MACD. Naturally, I looked up those technical indicators and

EUREKA

MACD uses 12 EMA

Simple and straight.




regards

rrsekhar

[minooda]

The thread is not there,seems to be removed.Can u please give it again.

[ridinghood]

dear rr shekhar

will u pl explain how u use the macd factor in this trading system ?


regards

ridinghood

[rrsekhar]

Ridinghood

In this system we do not use MACD. It so happens that when one goes long or short according to the system , MACD crossover also takes place.

Quote
"Crossovers are probably the most popular use of MACDs: a sell signal is generated when the MACD crosses below the signal line, and a buy signal is generated when the MACD crosses above the signal line."
Unquote

One can use any ema to swing trade according to this method. But a shorter ema (like 5 or 8 ema) will see a larger number of trades with a high risk of whipsaws eating into the profits. A longer timeframe like 34 ema, will get you very less profits.

Yes, during the consolidation phase one can get frustrated reversing postions every day, but once the trend sets in, a big smile also permanently sets in

As per the last entry I am holding longs from 5453. (5987 - 5453 = 534 points - 12 points for roll over - 12 points for brokerage = 510 points)

Not bad eh

rrsekhar

[minooda]

Dear Shekhar,
Thanks for this wonderful system, I would be obliged of u could kindly give a chart as an example.It would be of great help.

[rrsekhar]

Minnoda,
I can post a chart, but it will certainly not help you, it can only give you a overall picture. Best would be to backtest the system, using the Charts((premium) for Nifty-1m. Backtest it to as far back a date u want to. By doing so, you will gain confidence in the system as well as understand how to enter the trades. The catch comes , when NF is trading close to the 12 ema value. The rules are simple, follow them and leave the rest to the market.
regards rrsekhar