Sanjoy ji can you pls tell me the message number on which in whose context you have asked your querry as i have lost track of my messages with so many of them.
But my actual trades are based on EMA's. When 200 EMA is breached, i take 36EMA as reference point. And When 36EMA is breached i use 8EMA as reference point. Brings me back in trend faster and invariably the SL's are small. I beleive 8EMA also gives good entries in counter minor trends do ascertain that the pullback is completed and we are back in the original trend. 8 Ema is the lowest i go. So basically I use 8EMA/36EMA and 200EMA. Thumb rule is i use the EMA closest to the prevailing value of either price or OBV.
But my actual trades are based on EMA's. When 200 EMA is breached, i take 36EMA as reference point. And When 36EMA is breached i use 8EMA as reference point. Brings me back in trend faster and invariably the SL's are small. I beleive 8EMA also gives good entries in counter minor trends do ascertain that the pullback is completed and we are back in the original trend. 8 Ema is the lowest i go. So basically I use 8EMA/36EMA and 200EMA. Thumb rule is i use the EMA closest to the prevailing value of either price or OBV.
Happy Bro, this Setup is in action (MTF(60mins,30min) STI with 15mins STI Flip) - And I am milking it royally and with confidence.Thanks for the backtest bro.