USED Moving Average Crossovers : 200min EMA & 34 min EMA
Charts Used : 5 day Charts, 5 min Bars
Go Long Rules
If The faster line (red ) goes above the green – > Close shorts & immediately go long.
Go Short Rules
The faster line (red ) goes below the green – > Close longs & immediately go short.
No other Indicators Needed… Works Well Especially in Volatile Times
Stop Loss
An initial acceptable range for the stop depending on your comfort level can be put. As the Nifty moves in your direction , immediately put the the stop at the purchase price + brokerage as soon as possible.
Finally Profit is yours !!!!
Just Think about your profits if you shorted near 3000…. where the exact sell signal comes and next comes the buy signal at 2400
Your Profits 3000-2400 = 600 pts = 600×50 = Rs 30,000/Lot in just two days!!!!
And When your reverse your shorts with a buy signal which comes near 2400
Your Profits 2800-2400 = 400pts = 400×50 = Rs 20,000/Lot in Just 3 days
Total Profits in volatile Times = 50,000/Lot
Also still the buy signal never ends
Keep Counting your profits!!!!
intraday strategy using 200min&34min ema u had indicated 5 min bar is to be used how is possible to use 200min&34min ema in 5min bars? i feel weshould use 1 min bar
sir,
can i used this method in short time position in nifty future? Great intraday strategy ….