trade with single moving average in intraday with 30 minute chart .

rajsumi121

Well-Known Member
#1
Hi friends ,

We will use 5 day & 30 min candlestick intraday chart with 21 day ema ... no other indicators .

rules are ...........

1. for buy call - need 7 or above candle which not touching 21 ema .

2. after 7 or above candle if any candle cross 21 ema from below , we named this candle as CROSS CANDLE .( need to cross not only touch )

3. After " cross candle " formed , in next 3 candles buy above cross candle high with stop of cross candle low .

4. risk -reward 1:2 in every trade .

5 . trade with any future contracts where volumes are good enough .


for sell - need 7 or above candle not touching 21 ema

2. after " cross candle formed , in next 3 candles sell below cross candle low with stop of cross candle high , risk reward 1:2 .

NOTE- traders can trail stoploss at cost to cost after profit of risk -reward 1:1 but exit every trade in double profit , but trialing stoploss not recommended .:clapping::clapping::clap:
 

rajsumi121

Well-Known Member
#2



A = sell here

b= stoploss

target met .

please check chart image and give you feedback .
 
Last edited:

rajsumi121

Well-Known Member
#3
 

sparun

Active Member
#7
Hi friends ,

We will use 5 day & 30 min candlestick intraday chart with 21 day ema ... no other indicators .

rules are ...........

1. for buy call - need 7 or above candle which not touching 21 ema .

2. after 7 or above candle if any candle cross 21 ema from below , we named this candle as CROSS CANDLE .( need to cross not only touch )

3. After " cross candle " formed , in next 3 candles buy above cross candle high with stop of cross candle low .

4. risk -reward 1:2 in every trade .

5 . trade with any future contracts where volumes are good enough .


for sell - need 7 or above candle not touching 21 ema

2. after " cross candle formed , in next 3 candles sell below cross candle low with stop of cross candle high , risk reward 1:2 .

NOTE- traders can trail stoploss at cost to cost after profit of risk -reward 1:1 but exit every trade in double profit , but trialing stoploss not recommended .:clapping::clapping::clap:


it is interesting to see this chart . but the chart is not clear . can u post more charts based on nifty or other scrip with detailed explanation.
 

rajsumi121

Well-Known Member
#9
Rajsumi, my charting tool has limitations, but look at the nifty chart below. According to your strategy, the "Cross Candle" for sell was formed on 30th sep - 1.30-2.00pm. And the call is still running ?? Please comment.

cross candle is candle which need these rules

1. 7 or above candle not touching 21 ema

2. after completion of rule no1. which candle cross 21 from above/below is cross candle .
 

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