Maximize profit using SH's strategy

[timepass]

Sharekhan's TradeTiger shows 3EMA as 5027, iCharts shows it as 5034 and touch at low of the day, so there's a bit of confusion. I am assuming a non-touch and initial bearishness tomorrow. Still, it's a "open mouth" on the averages, pointing upwards.

BTW, what is bull SAR presently ??

 

[trade4joisar]

Sharekhan's TradeTiger shows 3EMA as 5027, iCharts shows it as 5034 and touch at low of the day, so there's a bit of confusion. I am assuming a non-touch and initial bearishness tomorrow. Still, it's a "open mouth" on the averages, pointing upwards.

BTW, what is bull SAR presently ??

Sorry, updated in original post.

 

[gunsho]

@ open we hit GFZ lower bottom & then we will also have bull SAR very near

Yeah. Good point. We can go long near SAR/GFZ also

 

[timepass]

15EMA on 30 min is about 5062. If this bar closes above 5062, can we go long (The previous bar closed above 15EMA) ??? If no, when can we go long ? What would be the SL ??

 

[gunsho]

15EMA on 30 min is about 5062. If this bar closes above 5062, can we go long (The previous bar closed above 15EMA) ??? If no, when can we go long ? What would be the SL ??

Yes. Long above the high of previous bar. SL is today's low <5022.

 

[trade4joisar]

GFZ

30 mins: 4988 - 5150

Again if @ open GFZ upper band touch then one should book profit if 3 ema left around 50 ponts & RR will be 1:2.

Daily: 4652 - 5246

We are now near to daily GFZ.

SST

Long mode

Bull SAR 5022
TSL = 5059

30 mins 15 ema = 5085

Gave singal @ 5076 with SL @ 5022 which is actually > 50 & SAR @ 4964 which is > 100 but gave good move after that & made new high so bull SAR moved to 5022

After again touched 15 ema & made low of 5060, so TSL is now 5059.

315

Long mode

3 ema = 5080
15 ema = 4980

Touched 3 ema & very good move.

 

[gunsho]

After again touched 15 ema & made low of 5060, so TSL is now 5059.

I am in sync with you on the TSL part. Thought the same way . But, SH mentioned TSL cannot be moved to 5059. Reason is, there wasn't really any movement between the bar that gave us opportunity to buy and this new EMA touch. We had good movement after 2PM, and if one more EMA touch happens, we will get a new TSL.

In SST, still our SL / SAR both are 5022.

 

[timepass]

Market Correction :

NF crossed 100EMA on Monday. Same with Nifty spot.

 

[gunsho]

Market Correction :

NF crossed 100EMA on Monday. Same with Nifty spot.

Since I am not well versed with this 100 EMA, would like to confirm. This implies one can expect a move in either direction right? Or since NF crossed 100EMA upwards, it can be bullish?

Last time I bought options when NF touched 100EMA, assuming it will go in some direction, but it was at same place entire month . I hate that number 5200 :-D.

 

[timepass]

Since I am not well versed with this 100 EMA, would like to confirm. This implies one can expect a move in either direction right? Or since NF crossed 100EMA upwards, it can be bullish?

Last time I bought options when NF touched 100EMA, assuming it will go in some direction, but it was at same place entire month . I hate that number 5200 :-D.

Yeah. This 5150 region has seen quite a bit of turning points, hasn't it ?? As for 100EMA, I don't know which direction it will break out in, or maybe it will whipsaw around this line for some time before taking a direction.