Nifty 8DMA plus minus trading stratagy

[PUCHU_2500]

who want to trade this setup pls, read the below quote again and again, then ask your doubts if any.....

I have been back testing Nifty with a simple strategy in order to find an edge in probabilities of trading. I book minimum of 200-280 points in a month. losses are small if you see risk reward ratio.

FRIST you need to see 8Day EMA on Nifty Spot EOD chart.

Let’s say if 8 Day EMA is 7500 on EOD chart so consider its buy level whenever nifty will cross 7500 from below or close above its. keep stop loss of 27 points (7500-27=7473) minimum target always 70 points (7500+70=7570).

If case stop hits just reverse your position and maintain SL as a 8 day ema (7500) minimum target is 70 points (7500-70=7430)

Fallow the same strategy for short trades. whenever nifty will crosses 8 Day ema from above keep SL 27 points and short for minimum target 70 points.

Back tested result says Stop hitting chances is 30-35% that to recovers when we reverse our trade position.

Mostly first to second day itself our 70 point target get achieved... in a month you get 4 to 5 trade opportunity.

Lets share your views

 

[Silentshadow]

What(s) there to be sarcastic? When we follow the global trends, follow this strategy to the teeth and act based on that this becomes a reality

Very intelligent reply. Huhh.
How a long will trigger when NS will open above the target 7792 + 70 = 7762 which is even below todays CMP.

 

[vasan56]

If 8DEMA close is 7791 and current closing is 7765 then we should look for only shorting opportunity below 7791,longs will trigger only if the Short hits the stop loss.

7765 should be read as7865.

 

[Silentshadow]

Yep I got the drift ~ cheers

7765 should be read as7865.

 

[ELAGIRI4SpU]

DEAR ANUP

Gd EnG,

That is sportive spirit to encourage new trade investors @ TRJ

Due to Dow30 + Dax30, unable to apply 8EMA_25v70

Can you suggest any other intraday strategy, please

Rgds,

ELAGIRI

 

[anup]

DEAR ANUP

Gd EnG,

That is sportive spirit to encourage new trade investors @ TRJ

Due to Dow30 + Dax30, unable to apply 8EMA_25v70

Can you suggest any other intraday strategy, please

Rgds,

ELAGIRI

Sorry, I am also novice in trading but you can refer to Shabhadip's da thread
http://www.traderji.com/derivatives/99863-pivot-trading-new-way-trading.html

He has explained price action method beautifully however it takes time and effort to understand the concept and it has been written beautifully.

Do go through that thread and you can post any queries in that thread but make sure you do your homework properly and post your queries with Charts and markings in that thread.

All the best

 

[ELAGIRI4SpU]

THANK U

elagiri

 

[Silentshadow]

Trade Bio -- December 28, 2015
{No trade }

EMA 8 = 7807 --- >> No trade based on OHLC

Folks following may correct me if I erred

 

[ELAGIRI4SpU]

trade bio -- december 28, 2015
{no trade }

ema 8 = 7807 --- >> no trade based on ohlc

folks following may correct me if i erred

no err, but lossing today's trd +ve gain, so u must have alternate setup also

 

[Silentshadow]

Yep thats there.. just testing this strategy and Giri I am not a full time trader

no err, but lossing today's trd +ve gain, so u must have alternate setup also