Good afternoon Columbus Sir
Sorry to bother you again..but I have lot of confusions when i applied rule 7& rule 8 in live market..if you can please explain it by a chart..
I break up the sentence of rule 7& 8 to understand it better..please check is my understanding correct..
Rule 7-
TO identify a end of trend, ONLY ONE OF the following conditions should be fulfilled:-
a) If" ONLY EMA-2H[/COLOR] is cut TWICE by BB(20,2) in a QUICK SUCCESSION
or
b) IfONLY EMA-2H is cut TWICE by BB(20,1) in a QUICK SUCCESSION
or
c) IfONLY EMA-2H is cut TWICE bySMA-20 in a QUICK SUCCESSION or
D) IfONLY EMA-2L is cut TWICE by BB(20,2) in a QUICK SUCCESSION or
E) If ONLY EMA-2Lis cut TWICE by BB(20,1) in a QUICK SUCCESSION or
F)If] ONLY EMA-2L is cut TWICE by][SMA-20] in a QUICK SUCCESSION
RULE -8 TO SEE WHETHER TREND WILL BE CONTINUE ,ANY ONE CONDITION should be fulfilled:-
a) BOTH EMA 2H & EMA 2L IS CUT BY SMA-20 AND BB(20,1) ( CUT BY BOTH) or
b)BOTH EMA 2H & EMA 2L IS CUT BY SMA-20 OR BB(20,1)( CUT BY ANY ONE)or
c)BOTH EMA-2H & 2L IS CUT BY SMA-20 AND BB(20,2) (CUT BY BOTH )or
d)BOTH EMA-2H & 2L IS CUT BY SMA-20 OR BB(20,2)(CUT BY ANYONE)
Regards & thanks
Sorry to bother you again..but I have lot of confusions when i applied rule 7& rule 8 in live market..if you can please explain it by a chart..
I break up the sentence of rule 7& 8 to understand it better..please check is my understanding correct..
Rule 7-
TO identify a end of trend, ONLY ONE OF the following conditions should be fulfilled:-
a) If" ONLY EMA-2H[/COLOR] is cut TWICE by BB(20,2) in a QUICK SUCCESSION
or
b) IfONLY EMA-2H is cut TWICE by BB(20,1) in a QUICK SUCCESSION
or
c) IfONLY EMA-2H is cut TWICE bySMA-20 in a QUICK SUCCESSION or
D) IfONLY EMA-2L is cut TWICE by BB(20,2) in a QUICK SUCCESSION or
E) If ONLY EMA-2Lis cut TWICE by BB(20,1) in a QUICK SUCCESSION or
F)If] ONLY EMA-2L is cut TWICE by][SMA-20] in a QUICK SUCCESSION
RULE -8 TO SEE WHETHER TREND WILL BE CONTINUE ,ANY ONE CONDITION should be fulfilled:-
a) BOTH EMA 2H & EMA 2L IS CUT BY SMA-20 AND BB(20,1) ( CUT BY BOTH) or
b)BOTH EMA 2H & EMA 2L IS CUT BY SMA-20 OR BB(20,1)( CUT BY ANY ONE)or
c)BOTH EMA-2H & 2L IS CUT BY SMA-20 AND BB(20,2) (CUT BY BOTH )or
d)BOTH EMA-2H & 2L IS CUT BY SMA-20 OR BB(20,2)(CUT BY ANYONE)
Regards & thanks
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