iCharts Discussions

[amolghodekar]

From 18-Jan-2012 SB archives, I could find rules of RGV's 8EMA HILO strategy which are:
Plot 8ema,low and 8ema,high using live charts on hourly tf.
Now rules are:
1. When price crosses and closes above low ema from below ; tgt high ema
2. when price crosses and closes above high ema from below ; momentum is bullish
3. when price crosses and closes below high ema from above ; tgt low ema
4. when price crosses and closes below low ema from above ; momentum is bearish

I would really appreciate, if some-one or RGV himself can illustrate each point with chart so that it would clear entries, exits and SL....

Thanks

..Amol

[rvg]

Hello ; I have attached the relevant portions of the transcript from the SB Chat sessions. Hopefully they will help explain..

[rvg]

[smsmss]

rvg i didnt get 8 ema low-high?, if possible can u post a chart?...thanx

[GHAISAS]

Dear rvg and amol, thanks for this strategy. However, unable to see chart as currently Live Charts only gives data for the last 20 days. The discussion quoted by you is of 07 January 2012. Is it possible to post the charts - to get the "feel"? Sincere thanks again to amol and rvg.

[amolghodekar]

[sangi]

Hi RVGji,

I am trying to explain this strategy with HDIL cash. Pls correct me if I am wrong.
1.This strategy is based on price action. No lower indicators .
2.We will trade in 15tf based on 60tf trend.

First, let us how to determine SAR. SAR means stop and reverse.

If a stock is in uptrend, (giving higher high and higher low)first identify the new high and the prior high. Then identify the last bar which went blow 8 ema low. The low of such bar is sae, upside pivot.

I hv attached 60tf hdil cash. ON Feb, 6 hdil 60tf sar, down pivot , 83.3 was broken at 9.59 candle. One shd buy hdil at 83.5(83.3 plus .20ps filter) with sl as 78.9. 78.9 why?

As I said earlier we r trading in 15tf. The last bar which went blow 8ema before hitting 83.3 in 15tf was feb 3 3.30 candle. The low of the candle is 78.9.
Feb 6 11 am candle gave a high of 87.15. then on feb 8 only we got a reco high at 10 am candle. Now the sar will be raised to 83.5 feb 7 3.30, candle.

Profit taking depends on one’s trade mgmt.. one can book profit based on r:r ratio or keep trailing as we get new pivot if the stk is trending.

Hope I hv explained clearly. RVGji, ur supervision is needed.

Regards,
Sangi

[sangi]

here is the chart.

[rvg]

Have posted todays chart for YesBank with the markings.. Hope this helps

[rvg]

[rvg]

[GHAISAS]

rvg, thanks for todays chart. earlier data for 7th january 2012 was saturday - only for 2 hours testing by nse. That too - not available because our data is only for 20 days backward from today. Any way, thanks rvg and amol.

RVG and amol current charts very elaborative. thanks.

[rvg]

This is an always in the trade system. Please keep appropriate filter in your reversible pivots.

If you wish to enter a trend midway, trade @ a lower timeframe and carry the trade if the trend is in sync with higher timeframe.

I usually plot the 8 and 34 ema bands on Daily and Weekly charts to get a feel of the larger trend.

All the best

[amolghodekar]

[rvg]