iCharts Discussions

[dpatodia]

Hello Rocky,

Thank you for shedding light on such a helpful strategy. I've been trying to implement this approach to check it out on a few live cases.

The challenge I faced is to short-list stocks that can be considered as good targets for such a strategy. Here is what I did over the last 3 days:

1. Used Screener (EOD) to short-list stocks using the filter function which identifies companies that have crossed the 34 ema line

RESULT: This revealed a list of about 36 companies.

2. After 2 days, I revisited that list and checked against the charts for the stocks that had held up to the requirement of 3 straight closes above the 34 ema mark.

RESULT: This gave me a shorter list of 29 companies.

The question is that 29 companies short-listed through this process does appear to be a lot for a part-time investor like me, and I am sure many others who have other day-time jobs and are trying to do some intelligent investing on the side.

Can you comment on how to further prune such a list maybe through the use of other filters/criteria, as a 2nd and 3rd step?

Your help is much appreciated.

Regards,

Deven

[quote="rocky1980"]hi traders,

one can analyze the silver chart were the 34 ema works as good support - vice versa the RSI get Over Sold @ 60-50 levels and hovers at 80-60-50 levels this is the magic - if one can get this perfect - huge money waiting ahead (it works for any stock, commodity, forex)

note : - the points are marked in red vertical line for reference


regards
rocky1980[/quote[/u]

[Allwell]

Sir,

I feel this is very good strategy for investment. Here is my simple quarry.

When one can enter the stock which is trading above 34 day EMA for more more than 3 days for example Petronet is trading above 34EMA for a quite some time and went up to 120 level. Now it is corrected and yesterday's close is around 107.25 level while its 34EMA is around 106.70 level. I feel stock is in uptrend and some times such a stock get support around 34EMA.

can we enter at current level in Petronet or similar pattern stocks.

Please guide.....

Regards

( DIJYYA )

[rocky1980]

hi traders,
please find the attachment below - this would give clear idea of trading on 5-13-34 ema- entry and exit rules - profit booking rules mentioned in this document -

this strategy was posted buy jo.jo. on this forum
please download the attchment

[ragarwal]

dear rocky,according to this strategy can v buy sasken if it closes over 195.5 today as this is the 34dema.it has been closing above this level fr the last two days.plz reply.
regds rashmi

[rocky1980]

Hi, trader

Looking at sasken chart on EOD one can easily spot that this stock is in sideways trend - so even close above 34 ema wont help - as no specific trend recognition done yet -
for reference the chart is attached below

Please pick the stocks which in good trend - negative or positive - sideways trending or consolidation should be avoided.
34 EMA strategy :
1) bullish security : buy on dips around 34 ema- in uptrend wait for the pull back @ 34 ema then only buy

2) bearish security : short on high around 34 ema - in downtrend wait for pull back and short at that point

Most Important : Please view multiple time frame chart to find entry and exit on 34 ema support and resistance - do not short or buy blindly.
atleast put on 1 or 2 indicator for correct entry and exit - no single reliance on 34 EMA -

On this note i would like to add that Please do TREND analysis 1st and then Plot Technicals that would help to get good returns.
some examples are attached below for reference
One can use Stoc - 15,6,6 on any time frame for perfect entry and exit - for reference please watch USD/CHF Chart

Chart 1 - Sasken - Sideways
Chart 2 - VIP Ind. - Uptrend
Chart 3 - BGR Energy - Down trend
Chart 4 - USD/CHF- Strong Down Trend - perfect bearsh - good trades



thanks

regards
rocky1980

[bharatsabharwal]

Dear rocky
I'm new to stock market by going through your 34 ema study I am very much impressed. kindly guide me can I buy DLF on 30 min chart it just crossed 34ema. I want to attach chart but fail. kindly do me a favour by giving your views. size=18][/size]

[rocky1980]

[chetan83]

Hi Rocky,
I have been following up your strategy for few days, BUT I got stuck in one Agri Commodity today. I had created short position in Rape Seed at 532 on 04-10-10 at around below the 34 EMA, thing was working fine, until today i.e, on 06-10-10, there was a sudden jump in Rape seed by almost 18 ruppes in the opening session, so could not place the SL order.
I have attached the EOD and 60Mins chart of RMSEED for Oct expiry. Pls put some light as what can I do in coming week, I am in a deep MTM loss. Should I average or square off in Loss on Monday at any mentioned price.
Pls Help.

[rocky1980]

[ragarwal]

dear rocky,thnx fr rplying to my query,i hv taken positions in gmdc and gspl based according to the 34 dema theory.the stocks did move up but then receded a bit.the rsi is nt in d over bought zone and d macd has turned positiv for both.wat shud i do.
regds rashmi

[bharatsabharwal]

Dear Rocky
Thanks for your valuable advice can you provide the post as advised by you
( please check the forum post - PRICE AND ACTION on this site to enter with coinciding 34 ema close )
Kindly do me a favour by provide the above post.
Thanks
Bharat

[rocky1980]

[rocky1980]

[hedger]

Hi Rocky,
Pls help me out in the trade, in which I have stuck since last 4 days, and as u have helped earlier in my short Oct RMSEED at 533, there was sudden spurt in price on saturday which made a high of 555, currentlu trading at 548. Pls guide whether to role over my short position in next month NOV, sqaure off, or Buy it now. Attached are daily charts, including todays closing.
Feedback awaited eagerly, as I will be o/s starting tomorrow afternoon.,

Rgrds,
Hedger.

[drsureshbs]

DEAR ROCKY

vERY MUCH APPRICATE UR EFFORTS TO EDUCATE OTHERS

CAN U PL throw some tight on entry based on 34ema ,treandline and fibb with a chart. It will b usefull to many
Thank you