Nifty Futures Trading Part 2 (Positional)

[orderflow13]

in this market do you really think that would be the case

14 green...

czar plz do confirm, in ur chart rsi 14 is green, i am having doubt, ur green rsi line is wagging more and rsi 7 is more stable how it can possible ? if i am missing something plz clarify

 

[srigooty]

I had bought nifty oct future at 4190. How to come out of it to make profit?

 

[Czar]

czar plz do confirm, in ur chart rsi 14 is green, i am having doubt, ur green rsi line is wagging more and rsi 7 is more stable how it can possible ? if i am missing something plz clarify

Uncle that is weekly right & with data from 2006, are sure you too are looking at that ?

 

[pkamalesh]

I had bought nifty oct future at 4190. How to come out of it to make profit?

Your chances of making profits look really dim...get out of the market now or else the nifty will take care of its profits...

 

[orderflow13]

Uncle that is weekly right & with data from 2006, are sure you too are looking at that ?

ok bhayaa ji ,ur one liner suggesting u r away from notebook, if not then come out of one liners and tell less mortal like us what u mean
i am posting my rsi crossover snap shot

p.s. weekly or daily larger time frame suppose to be stable.In my chart larger time frame (14) is green and smaller time frame is red ( 7 )
And sorry if i am looking argumentative or criticizer type, just wanna clear my doubts so why pressing it.

 

[Czar]

Alex yourz is RSI 9 with ema 14 mine is RSI 14 with ema 9... but ema is gonna be slower whatever the time period right ? & you are seeing just 2 months expanded version, my chart is 2 years + so the spikes... I hope I answered what you asking otherwise I am totally missing the point ? also if you look at my chart from july (as per your time period in chart) its only one spike... so is'nt that stable ? one of us is on drinks today

 

[pkamalesh]

Hi all..i know the chart is too confusing and full.plzz adjust and lemme know what u think...

kammy

 

[orderflow13]

Alex yourz is RSI 9 with ema 14 mine is RSI 14 with ema 9... but ema is gonna be slower whatever the time period right ? & you are seeing just 2 months expanded version, my chart is 2 years + so the spikes... I hope I answered what you asking otherwise I am totally missing the point ? also if you look at my chart from july (as per your time period in chart) its only one spike... so is'nt that stable ? one of us is on drinks today

its Saturday night, ia m in pune right now, surely i am helpin devan, u know what i mean ,we will try to get ema thing in 2morrows session
Kammy .. no complicated chart at all, keep adding things, guys wil take wat they want, & u can also backtest ur though and analysis process, u doin a gr8 favor

 

[orderflow13]

kammy
search for screen capture software , it will help organize ur comments on chart
Alex

 

[Sunil]

Alex yourz is RSI 9 with ema 14 mine is RSI 14 with ema 9... but ema is gonna be slower whatever the time period right ? & you are seeing just 2 months expanded version, my chart is 2 years + so the spikes... I hope I answered what you asking otherwise I am totally missing the point ? also if you look at my chart from july (as per your time period in chart) its only one spike... so is'nt that stable ?

Alex, even I am missing your point....
First to clarify at which chart we are looking at for discussion...

Czar has posted two Sensex charts - first one (I) is a weekly chart from 2006... second one (II) is the daily chart of 2008, with czar's & mine FAvourite but controversial TL...

Since alex is asking about red & green lines, I presume we are all looking at the I chart..
In I chart, czar has below the actual price chart,
1. Price Exponential moving averages of two periods 5 & 20
2. MACD
3. RSI (14) green line + ....9EMA of RSI line (in red)

[though, for me, this is something new -> using Moving averages for RSI figures]

now, alex, in his chart, has presented the reverse....
he has taken RSI (9) + 14EMA of RSI level
though, he has wrongly mentioned it's RSI (7)


ALL THIS IS WHAT CZAR HAS REPLIED IN THE ATTACHED POST....

And in both cases, result is similiar.... RSI will have more spikes than EMAs....
That's the job of the EMAs.

BTW, was goint thru those Kolkatta meet videos (mainly to find Mr Don - SatDa)...
came across this comment by Asish Da where he says he prefers RSI (9)

and czar, I have seen this at many websites... if one wants to use EMA crossovers for entry-exits, then it's EMA (5) with EMA (10)....
ofcourse, one will have to define his TF first....
for intraday trading, it should be 5 min chart (though, I am experimenting with 2 min)
for swing trading, 30 min or 60 min
for positional trading, dailiv chart
{one will have to verify the result in each case}