tradeing with Trend

Hi muthutrader,

I am not able to open the attachments mentioned in both the posts. Saying "Invalid attachment.....".

Hi muthutrader

Unable to open the chart attached in the initial posts.

Hi friends
Now i am going to share a my other trading strategies,for nifty f&o and commodity trading

rule1-analyze price in weekly chart,(use 13ema and stochastic oscillator 5 15 5)(i will use 13ema for signal line
if price go above the 13ema its bullish confirmation
if price go below the 13ema its bearish confirmation
i also use stochastic for overbought over sold levels )

rule2-then come to day chart, and analyze it
(i will use 13ema for signal line
if price go above the 13ema its bullish confirmation
if price go below the 13ema its bearish confirmation
i also use stochastic for overbought over sold levels )

if both are in same direction just go for the trade
stop loss (if buy signal came st i recent low,if sell signal came st is recent high )

Ex
http://www.traderji.com/attachment.php?attachmentid=18622&stc=1&d=1361888858
In nifty weekly chart sell signal came at 15 feb 2013
i was wait for a pullback; Price should go up above the 13 ema on daily chart and then came below the 13 ema and give a sell signal at 21 feb
http://www.traderji.com/attachment.php?attachmentid=18623&stc=1&d=1361888918
21 feb i short sell march nifty future @ 5938
now its 5793
i am still holding that
friends i want you to,do back test my strategies,share your view
happy trading

hi friends
In asianpaint weekly chart down trend is conform at march 1

Muthu,

Even axisbank weekly chart confirms the downtrend

Hi sabhlok_r
In axisbank downtrend confirms at feb14
but now
axis bank close above 1399.20(13ema) its confirms uptrend
stochastic also oversold level. if price go above 1399 its confirms uptrend
so i am looking for up trend in axis bank

happy trading
tnx

Muthu,

http://i49.tinypic.com/330cvuo.png link for axisbank weekly chart ... it touched 13 ema on week ending 22 feb...closed below 13 ema for the week ending 1 march

hi sabholk_r
sorry my friend, the past post was i forget to change chart day to week
all the analyze i done is day chart,i wrongly post that it was week, that is day chart analyze of axis bank
sorry for that my friend
now i analyze it in weekly chat
in march 1 the downtrend confirm
if downtrend also confirm in day chart u can go for the trade with recent high as a stoploss sorry for the wrong post
happy trading
tnx

Muthu,

http://i49.tinypic.com/330cvuo.png link for axisbank weekly chart ... it touched 13 ema on week ending 22 feb...closed below 13 ema for the week ending 1 march