SH's MArket Correction Prediction Strategy

[Tradewithhunter]

HI SH,

The system is very good. I have a clarification on the same.

1.) 3 Ema shows different values in different time frame.For eg the 3 ema as on today as per 3 and 5 day chart in 5 mins time shows 5316 whereas in 15mins time frame it shows 5312.Kindly clarify which time frame should we take to arrive at 3 ema.

2.) I take the values of 15 EMA , 34 EMA and 100 EMA from 9 months chart.Kindly clarify if i am right in doing that.

3.) If my interpretation is right the candles should touch the above values(say 5316 or 5312 as the case may be) and not that the ema lines should pass through the candles. Please clarify. I am sorry if i am asking silly questions.

I shall post the various Ema points. KIndly let me know if my interpretation is right.

Thanks
Priya

This is an EOD strategy i.e daily timeframe should be used. Please do not use intraday timeframes.

Cheers
SH

 

[AlokTewari]

Re: Hindpetro

Hindpetro price at 475 has not touched 3EMA for 2 days. It should revert to 3EMA which is around 467 on Monday. Good shorting opportunity on Monday unless it has gap down open close to 467.

Cheers !!!

Alok Tewari

 

[AlokTewari]

Re: Hindpetro

Hind Petro after opening around 477, went on to touch 3 EMA today

Cheers !!!!

Alok Tewari

 

[Tradewithhunter]

Re: Hindpetro

Hind Petro after opening around 477, went on to touch 3 EMA today

Cheers !!!!

Alok Tewari

Good work Alok - hope you made some money on it :thumb:

Cheers
SH

 

[AlokTewari]

Re: Hindpetro

Yes SH. 8 Rs. had shorted 4 lots. Thanks for wonderful strategy which works all the time

Cheers !!!!!

Alok Tewari

 

[AlokTewari]

Polaris

Polaris has not touched 3EMA for 2 days. There is 3 rs. gap between today's close price ( 196.6 ) & 3EMA ( 193.5 ) . Good shorting opportunity specially incase it opens gap up to short at higher levels.

Cheers !!!!

Alok Tewari

 

[Best of Luck]

I think today NF 1 did not touch 3 EMA.Close at 5309 and 3 Ema @5287.
Happy Trading

 

[trade man]

Re: Polaris

Polaris has not touched 3EMA for 2 days. There is 3 rs. gap between today's close price ( 196.6 ) & 3EMA ( 193.5 ) . Good shorting opportunity specially incase it opens gap up to short at higher levels.

Cheers !!!!

Alok Tewari

Hi,Alok, like polaris, pantaloon also not kissing 3 ema for 2 days.Can we find short oppertunity here with? Waiting for yr positive feed back.

 

[AlokTewari]

Re: Polaris

Hi,Alok, like polaris, pantaloon also not kissing 3 ema for 2 days.Can we find short oppertunity here with? Waiting for yr positive feed back.

As I see pantoon has not touched 3EMA only today. As per rule 3EMA needs to be touched within 3 days. hence it does not have valide set up. It may or may not come back to touch 3EMA tomorrow. However if it doesnot touch 3EMA tomorrow also then it would make it interesting for Monday.

Cheers !!!!

Alok Tewari

 

[Tradewithhunter]

Re: Polaris

Polaris has not touched 3EMA for 2 days. There is 3 rs. gap between today's close price ( 196.6 ) & 3EMA ( 193.5 ) . Good shorting opportunity specially incase it opens gap up to short at higher levels.

Cheers !!!!

Alok Tewari

Again good one Alok - Polaris has made a high of 197 today and is now trading in negative around 195.40 .....

I am glad you are following my 3 EMA correction rule as a trade setup in itself... keep it up and please continue to post such trades here for everyone's benefit

Cheers
SH