SH's MArket Correction Prediction Strategy

[Tradewithhunter]

Watch out, Nifty is near its 100 EMA !!!!


:thumb::thumb::thumb:

What are you guys talking about? 100 EMA on NF daily charts is at 5300

Cheers
SH

 

[rahuld2976]

What are you guys talking about? 100 EMA on NF daily charts is at 5300

Cheers
SH

Right sir, Its just 100 points away!!


:rofl:

 

[Visualize]

It was close to ema 100 but it would never had touched because ema 3 was not touching the candle which means change of direction according to 315 !

As of tomorrow the market is going to rise considering global cues !!!

3 out of 4 ema's are touching todays candle, can you throw some light on it SH ?

 

[Tradewithhunter]

It was close to ema 100 but it would never had touched because ema 3 was not touching the candle which means change of direction according to 315 !

As of tomorrow the market is going to rise considering global cues !!!

3 out of 4 ema's are touching todays candle, can you throw some light on it SH ?

That signifies markets have been rangebound and there is no hysteria currently in market ... neither too many bulls not too many bears ... a state of equilibrium ... which would not last long though.

When the short term and long term EMAs overlap each other, its also called the 'point of confluence'...often after the point of confluence is achieved .. markets start a new swing (bullish or bearish) and trend traders make a lot of money.

Cheers
SH

 

[varunsurat]

Dear SH,

As per Strategy, Last Candle has touch EMA15 & EMA34 on 1st Sep 2010. So can we except to touch EMA15 near 13th Oct 2010( 6th Week) and EMA34 near 1st Jan 2011( 4 Months).
As EMA 100 was touch on 11-Jun-2010, So We can expect to touch EMA100 again on 11-Jan 2011 (6-7 Month)

please reply as per your convience,

 

[Tradewithhunter]

Dear SH,

As per Strategy, Last Candle has touch EMA15 & EMA34 on 1st Sep 2010. So can we except to touch EMA15 near 13th Oct 2010( 6th Week) and EMA34 near 1st Jan 2011( 4 Months).
As EMA 100 was touch on 11-Jun-2010, So We can expect to touch EMA100 again on 11-Jan 2011 (6-7 Month)

please reply as per your convience,

Yes to all, just remember it has to touch the respective EMAs 'before' those dates and not 'on' those dates.

Cheers
SH

 

[Tradewithhunter]

NF is trading at 6245 ..... as per the reversal theory of 15 EMA ..... NF should ideally revert to 15 EMA this week or next... i.e which makes the target of around 6000 for NIfty by next week.....

Would anyone want to take the chance and short NF now at 6245 and keep shorting at every 50 point rise for targets 6000 in coming weeks?

Or buy 6200 puts now trading at 113 and keep accumulating?

I will definitely !!!

Cheers
SH

 

[sujittalukder]

When shall we exit, on touching 15 EMA or on crossing 3 and 15 EMA?

Regards
Sujit Talukder

 

[Tradewithhunter]

When shall we exit, on touching 15 EMA or on crossing 3 and 15 EMA?

Regards
Sujit Talukder

Shorts to be exited when 15 EMA is tested.

NF falling since yesterday and closed at 6175 today :thumb:

Cheers
SH

 

[alroyraj]

NF is trading at 6245 ..... as per the reversal theory of 15 EMA ..... NF should ideally revert to 15 EMA this week or next... i.e which makes the target of around 6000 for NIfty by next week.....

Would anyone want to take the chance and short NF now at 6245 and keep shorting at every 50 point rise for targets 6000 in coming weeks?

Or buy 6200 puts now trading at 113 and keep accumulating?

I will definitely !!!

Cheers
SH

Taking such a position now will be sheer over smartness since capital will be blocked. At present if I see it correctly nifty is trying to breach 6200 level but keeps reverting back.So either a breakout followed by a retracement to 6000 is more like it. When the 6000 level is due next week,why enter prematurely,you may think that it ought to revert to 6000 before 13 Oct but on Oct 05th to enter such a position is utter madness especially looking at the bullishness. Shorting at every 50 increase is like averaging a hopeful situation . Ideally we should never have had such a large upmove all the way without the correction everyone expected in the charts.