iCharts Discussions

[Stockhunter]

Hi Friends,

on popular demand I am posting one of my favourite strategies to trade on one of my favourite trading stock.

I am using Unitech 30 mins chart for last 7 days as an example for this. The entry (and exit) points are RSEX crossover.

For ease of all I have marked these points on RSEX as A,B,C,D,E and F (still open position).

Similarly on price charts the corresponding points have been marked as A1, B1, C1, D1, E1 and F1 (still open position)

If you see, bearish crossover at 38 (point A) covered at 34 (point B) means 10% returns approx.

Bullish crossover at 34 (point B) covered at 48 (point C) means 40% returns approx.

Bearish crossover at 48 (point C) covered at 38 (point D) means 20% returns approx.

Bullish crossover at 38 (point D) covered at 38 (point E) means no profit no loss.

Bearish crossover at 38 (point E) covered at 35 (point F) means 8% returns approx.

Bullish crossover at 35 (point F) still not coevered but already at 39 which is approx 10% returns again.

This is just an example and requires appropriate money management rules or hedging depending on individuals risk appetite.

But if you see by just following this simple strategy one oculd have made more than 100% returns on investment in just last 7 days.

Hope this helps your future trading.

All the best

SH

[mkdeep]

nice one

will try it out