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

[sundari.s]

hi stock hunter i am sundar..........that DMI guy.....is it possible to use RSEX for intraday trading?
then which timeframe i can use?

[maha]

Hi, I am new to J charts, I tried to find RSEX indicator, but whenever it is applied it dont show any waveform/ crossover, it is just showing straight line, can stockhunter or anyone can please guide me. THANK U

[Stockhunter]

Hi Maha... please contact ST in that case. He will be able to help you.

Thanks

[vinst]

Hi SH,

If rsex bearish crossover, should the corresponding candle also be red? Is this a condition to be applied?

regards
vin

[ashjyos]

Dear Stockhunter,

Please let me know hwre i can find this Rsex indicator. Is it associated with any stock software.Please advise.

Thanks

[mbn]

Good work brother!
Keep continuing!!
Cheers,
mbn

[altafghanchi]

[Stockhunter]

Vinst - no there is not any such condition. The only condition I apply is to trade in the direction of the EMA whenever possible unless there is clear crossover......

Ashjyos - Rsex is avaliable on Icharts.

MBN - thanks.

Altafgghanchi - Please use default parameters.

Cheers

[vinst]

SH,

thanks for replying. However the sample chart u posted does not seem to be avlbl now? which ema u use on price to trade in its direction after hint from rsex?

regards,
vin

[Stockhunter]

Hi vinst ... I use 20 EMA and RSEX.

[Stockhunter]

H guys,

I am posting one more illustration on how just RSEX can be used to mint money in our mkts. I have used ICICI 30 mins charts this time to show the power of RSEX.

Please follow the pink up arrows (indicating buys) and down arrows (indicating sells) and work out the P&L for the last 10 days.

Cheers
SH

[Stockhunter]

Similar application on Nifty 30 mins charts if you just love Nifty !!

[jonhnabrahm]

Thank you for the post...it seems to be very useful....

[TradeHunter]

Respected SH ji,can u pls tell me the best TF for intraday trading.....
thank u...