iCharts Discussions

[chrome]

Trading style : Positional, Investors, Medium term holdings.


Stochastic settings 39,0,0

if Charts not let u make 0,0 then one can take it as 1 or 2 also but check the blue line of 39 (%K) only for interpretation.

Go Long when Slow Stochastic (39) comes from bottom to upside and cross 50 level.

Similarly shorts can be initiated when Slow Stochastic (39) comes from upside to downwards and cross 50 level.

One can keep the position open when the STS moves in overbought/ oversold zone also. The position should be covered only when the reverse 50 level happens. (eg. in case of long trade when STS again comes from upside to downside and crosses 50, then only the long position should be closed.)

In the attached Nifty chart one can interpret that in bear market Sell signals were very profitable and now in bull market buy signals are the more profitable one's...so as per the market cycle one can chose to go long or short with this model.

[chetan83]

Hi Crome,
Will the given set up work for Commodity as well? Is the set-up seen in Hourly, Daily charts or 60 mins charts as well. Pls educate.

[chrome]

[chrome]

ABAN : a sureshot buy till 820 levels...CMP 854...one can buy now too

[will_recover]

[chrome]

[chrome]

HERO HONDA : now the strong support @ 1800...it's a BUY at CMP of 1860 and add on dip till 1800...Medium term strong buy signal for target 1910/ 2050

[tnandkumar]

hi chrome sir,
very simple strategy to follow. i have checked with commodities and index charts it works very well,but i have few queries ,which time frame charts have to be followed (5,15,30,1hr,4hr or daily),can we add one more indicator like RSI for confirmation at 50 level crossing area.thanks in advance

[chrome]

[tnandkumar]

thanks for ur prompt reply chrome,can u suggest which EMA will be good to trade for commdities.right now i am using 8,34 EMA for trading commodities intraday 15 min charts with pivot points.can we follow the one suggested in the forum (5 min,107 and 200 EMA) or for taking poisitions in commodities can we used any proven EMA crossovers.

[smartcancerian]

[chrome]

STER : 166 immediate support & 169 immediate resistance.

SS-39 is at crucial levels of 50 now. STER is finding stiff resistance @ 200 EMA since May-10.

If today closes above 169, the a buy candidate and if closes below 165, then a downside cadidate.

[chrome]

[tnandkumar]

hi smartcancerian,
to be very frank i am also new to trading commodities,but 8 and 34 work well for all metal commofities,but i hope signal r a bit delayed,i am planing to test it with 8 and 21 EMA and confirmation frm 34 EMa (still in testing process),and about pivot point indicators u can download GCI or Fxcentral demo accounts from google.here u can add real time indicators which work live.

[chrome]