SH's MArket Correction Prediction Strategy

[trade4joisar]

Hi Joisar !!
I find this forum and posts of all the knowledgeable members like u very applicative and practical !! At the same time they are very interesting while reading !! Thanks a lot for all of u !! A small question , is there any method by which we can know that nifty will open gap up/down before end of earlier day ??
Thanx in advance !!

-Vivek

Thanks
-Vivek

I observered few things which can be helpful to get to know the next day open scenario (there are exception cases too).

• 3 ema left (2 days - 95%, 1 day - 70%)
• 30 mins RSI, 5 mins RSI < 30 or > 70 (Sometimes it can < 20 or > 80)
• Crossover 315 strategy on either side
• Closed near previous swing low/high (without high/low broken)

 

[akgandhi]

Can anybody please tell , why the timeframes are fixed to be 3 days , 6 weeks etc etc .... I mean on wat basis these numbers have been come upon to be ???

 

[mangup]

I observered few things which can be helpful to get to know the next day open scenario (there are exception cases too).

• 3 ema left (2 days - 95%, 1 day - 70%)
• 30 mins RSI, 5 mins RSI < 30 or > 70 (Sometimes it can < 20 or > 80)
• Crossover 315 strategy on either side
• Closed near previous swing low/high (without high/low broken)

Could u pl explain the strtgy - 30 mins RSI, 5 mins RSI < 30 or > 70 (Sometimes it can < 20 or > 80)?

 

[trade4joisar]

Could u pl explain the strtgy - 30 mins RSI, 5 mins RSI < 30 or > 70 (Sometimes it can < 20 or > 80)?

I mean when 30 mins RSI and 5 mins RSI is < 30 (sometimes < 20) i.e. oversold then might be gap up and vice versa.

 

[trade4joisar]

Can anybody please tell , why the timeframes are fixed to be 3 days , 6 weeks etc etc .... I mean on wat basis these numbers have been come upon to be ???

It has been researched by SH that sentiment and events will change automatically according to these time frames.

So hats off to SH.

 

[trade4joisar]

I observered few things which can be helpful to get to know the next day open scenario (there are exception cases too).

• 3 ema left (2 days - 95%, 1 day - 70%)
• 30 mins RSI, 5 mins RSI < 30 or > 70 (Sometimes it can < 20 or > 80)
• Crossover 315 strategy on either side
• Closed near previous swing low/high (without high/low broken)

One more point

When 3 ema closed against trend for 2 consecutive days (315 rule) then also there is chance of gap up / down

 

[trade4putuval]

One more point

When 3 ema closed against trend for 2 consecutive days (315 rule) then also there is chance of gap up / down

Well, I do not agree with that view. Rather, I would voice this statement as follows: When 3 ema closed against trend for 2 consecutive days, the current trend is over. In other words, the trend would have reversed. But gap up or gap down, I am not sure!!!

Any reference!!!!

 

[trade4joisar]

Well, I do not agree with that view. Rather, I would voice this statement as follows: When 3 ema closed against trend for 2 consecutive days, the current trend is over. In other words, the trend would have reversed. But gap up or gap down, I am not sure!!!

Any reference!!!!

I dont have old reference as of now.

Recent one, check Arvind when on 12th June, 3 ema closed against trend for 2nd day and on 13th June, it open 1 point down i.e. around 1.25% down.

This is my observation and it does not means it will work always as expected.

All above conclusions will also have exceptions and we have to live with it

 

[akgandhi]

Is it a universal strategy ? if not why is not applicable to individual stocks too ?

 

[trade4joisar]

Is it a universal strategy ? if not why is not applicable to individual stocks too ?

These are my observations and no such strategy.

Vivek, just asked me, so i shared my thoughts.