I am using it on daily charts for now and my exit is when price closes below EMA20. Sell gets triggered the next day. Working on a group of stocks with this strategy. I think Savant's system exits when 70% of the candle body is below the EMA 20.
Regards,
Enygma.
Hi,
Enygma,
Thanks for your detailed reply.
I am looking for a strategy, that will be effective for intraday, positional trade(6 to 10 Days') and short term trade (1 to 3 months) and think if the trade is favorable can be converted into a long term.
This strategy of yours' looks very promising one to me.
Please note that SAVANT SIR has already explained to me so many things related with this topic few days back, here on the forum ( no confusion what he said perfectly understood)
I seek your personal veiw with due respect to you since you said you are following it for a good time, if I have not mis-understood your posting.
Will you pl. suggest depending upon your experience which is a better
time frame form the combination of the following, for a positional trade and short term trade?
1)Investment for a positional trade (6 to 10 days)
If I buy on intraday time frame and decide to sell on EOD weekly time frame with above sell conditions "price closes below EMA20 "?
Will be ok.
2)Short term trade ( 1 to 3 months )
Buy n sell on EOD Weekly time frame with above sell conditions "price closes below EMA20 " ?
Will this works
3) Or the system works good on the intraday time frame?
And use it for all type of trade i.e. Intraday, positional and short-term ?
or would you like to tell some thing else ?
Will appreciate your comments,
Regards,
CNB