iCharts Discussions

chetan83 · Brown Belt Joined: 19 Feb 2010 Posts: 2036

Hi Sid & All EMA followers,

I think, if all the traders around the world follow this set-up, then no one would work hard to earn, this will be a every day cup of tea for all. Earning will be guaranted. We should take this(charts) as secondary message, primary will always remain the demand & supply of shares or commodity, moreover global news & market condition is what we should look at.
Just check the chart of Silver, with 13, 45 EMA in 30 mins charts. It looks like the trend may change, but external factor is that Silver will touch 33000 levels soon. Same chart pattern can be seen in Gold as well, but tendency of touching 19600 is more rather to correct. Its my view, rest pls comment.

SID2060 · White Belt Joined: 04 Nov 2009 Posts: 319

chetanji

The setup ur talking abt is for a vry short term swing trading. Mainly for a week or two. If ur investing time horizon is more than this than u should analyse daily and weekly charts. Rite nw in daily charts silver is in short intermediate and longterm uptrend. I trade short term trends in direction of intermediate OR long term trends only. I trade intermediate trend in any direction without considering the direction of long and short term trends coz m a short term to medium term investor. Long term investors use different strategy different tools different parameters

Regards
Sid

chetan83 · Brown Belt Joined: 19 Feb 2010 Posts: 2036

Thanks Sid for ur prompt reply,

But one thing you have not cleared here is that, in intermediate trend which EMA crossover is followed to check the authenticity of the trend. I guess this wud clearly help all. In silver as u said it is short term bearish, means for a week or so, still when Silver correct, it moves down by 800-1000 points, i guess this is pretty good to make or lose money. Your comment on this pls, CMP of Silver 32200.

chetan83 · Brown Belt Joined: 19 Feb 2010 Posts: 2036

Where r u Sid?? Do reply me back on the query asked.......what indicators we use to check the intermediate reversal??

chrome · Yellow Belt Joined: 28 Dec 2009 Posts: 645

Sid "sir"

we have seen ur old charts based on your ema strategies demonstrating the success in past..basically after the trades....eagerly waitin for your live or current trades based on EMA's to confirm the live success also..

SID2060 · White Belt Joined: 04 Nov 2009 Posts: 319

Plz visit

www.icharts.in/forum/swing-trading-for-dummies-t2809.html

U will find my latest and brilliantly working strategy here... C u there as this thread is closed nw...

Regards
SID