Best Nifty Strategy-Must Read
- Thread starter Rajvir
- Start date
I have also thought on same lines. I have been trying to see if we can avoid the "fake calls" if one may call it by the Gann indicator using MACD and EMA Crossover techniques.
For example: If Gann says Short at 5023....but the short term EMA is moving above the long one and MACD also shows and upmove then its better to avoid the shot.
PS: EMA is obviously a lagging indicator but people do use it for intra day trading.
Another way out can be by watching the price behaviours near the pivots.
Suggestions plz??
For example: If Gann says Short at 5023....but the short term EMA is moving above the long one and MACD also shows and upmove then its better to avoid the shot.
PS: EMA is obviously a lagging indicator but people do use it for intra day trading.
Another way out can be by watching the price behaviours near the pivots.
Suggestions plz??
Correct....
Also Putting EMA and MACD, where both are lagging indicators, wont be much useful. Coz if you see, the first/second tgts according to GANN calc are small, so by the time EMA gives a call or the 1st two tgts are almost done.
So i would avoid using EMA on those intraday basis also the pivot levels, coz botht he theory i.e pivot and gann are different, but both are on level trading. So if we club them, it would be confusing.
What we can do is, we can plot EMA on daily/hourly chrts, and if the system is in sell, than only go for the sell breakout and vice versa.
Also Putting EMA and MACD, where both are lagging indicators, wont be much useful. Coz if you see, the first/second tgts according to GANN calc are small, so by the time EMA gives a call or the 1st two tgts are almost done.
So i would avoid using EMA on those intraday basis also the pivot levels, coz botht he theory i.e pivot and gann are different, but both are on level trading. So if we club them, it would be confusing.
What we can do is, we can plot EMA on daily/hourly chrts, and if the system is in sell, than only go for the sell breakout and vice versa.
Similar threads
-
What is the best way to predict nifty / banknifty on expiry day?
- Started by curiousv
- Replies: 1
-
-
-
Daily Nifty Levels ( Best if it can be auto traded ) any suggestions ?
- Started by tradingforbusyguys
- Replies: 0
-
BEST PARAMETER SETTINGS for SUPERTREND indicator for Nifty and banknifty for intraday
- Started by leoguy7
- Replies: 2