For those about to give up

[ocd]

Here we go. All lines have crossed but I will buy on the opening of the next candle.

http://i.imgur.com/xmlbA.gif

 

[nandlal_mk]

hello,

nice system. U gave good entry method. I will glad if u give stop loss and profit target appropriate with it.

:clap: :clap:

 

[Sridhar795318]

This is just a few minutes later and you can clearly see the momentum is changing to bullish sentiment. Look at the lines ON the last candle and compare it to the last chart froma few minutes ago.

http://i.imgur.com/IguKN.gif


Soon we will see a consolidation of the lines and then they will spread out. They won't be close together for very long though because of the buying pressure...it will fan out quickly (the lines will separate).

Appreciate the efforts you are taking to help others.

If you put the image url in between

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You can test this by pressing the "Preview Post" button before posting.

 

[rangarajan]

rangarajan,


Yes this a very clean and basic way to trade successfully. The WMA is similar to SMA and EMA but seems to follow the price closer...visually cleaner.

If I did not use WMA then I would use the SMA with the same numbers. The SMA gives the same information only it is a little slower than the WMA.

The EMA is the slowest of all 3 when you compare them for giving the buy signal, almost 4 candles later in some cases.

Thank you.
Really comfortable.
Any significance about TF15.
Is it possible to post a nifty chart & discuss

 

[preethnfo]

from the above chart and your words it seems like this .
what one need to look is ------- all wma's should cross 21 wma or only one wma 3 or wma 13 is enough. after entering what can be the first sign of turn down to look up or to come out from the position.

 

[rangarajan]

Dear OCD,
I am NOT giving up.
Marked with arrow probable Entry & Exit,not necessarily short or long.Only to mark the place where trade could have been taken.
Back testing gives Good Results.

 

[rangarajan]

Posting chart of Nifty with CCI.
While the Fanning out of MAs gave excellent opportunity for both Long & Short,CCI did not match exactly the zero line crossing for Short.
Marked with Red vertical line for possible entry

 

[rangarajan]

Dont give up.

Nice entry for short in the morning itself & Reversal Bar for Long also.
Chart posted.

Bytheway,OCD,yr Exit strategy awaited.