Nifty 8DMA plus minus trading stratagy

jetking

Well-Known Member
#11
@ Jetking Good to see you query...

On 11th shorted nifty below 8086,,, on 12sep nifty made a high of 8014 but we are remain shorted because it was just spike not even sustain for 1-2 min abv 8013. lets wait if it convincingly moves abv 8015

For tomorrow 8DMA is 8091 so initiate your fresh short position below it!!! target comes near 9021 maintain stop at 8118.
so your rules are not fixed,means this is not a mechanical system hence can not be backtested properly

trading is not a science,it is an art and i am of the opinion that rules should not be rigid,rather they should be flexible enough to adjust whenever required,while maintaining the original critaria

good going and that decision of yours of keeping the short open will pay today

waiting for your backtest report
 
#12
intraday which time frame?
 

jetking

Well-Known Member
#13
intraday which time frame?
dear, he is talking about a particular level

price should sustain above/below that level for some time to take entry

time frame does not matter,as it is a swing position
 
#16
18 SEPT NIFTY TRADE:

NIFTY BUY ABOVE 8031 (8 day Ema)
TARGET 8100.
STOP LOSS @ 8004


as per strategy rule if stop triggers just reverse your position and short nifty for 7960.
 
Last edited:

Purushotham

Well-Known Member
#17
18 SEPT NIFTY TRADE:

NIFTY BUY ABOVE 8031 (8 day Ema)
TARGET 8100.
STOP LOSS @ 8004


as per strategy rule if stop triggers just reverse your position and short nifty for 7960.
Thanks for the Strategy,

I am using keystocks-Lite for EOD charts.

According to keystock data Nifty spot 8 day Close EMA is 8026.98

Is there any thing I missed.

Please clear it.:)
 

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