i use 5 minute candlestick chart
89 ema high
89 ema low
89 ema close
15 ema close
105 ema close
when 15 ema cross the 105 ema in upward than trend is bullish
when 15 ema cross the 105 ema downside than trend is bullish
buy when 15 ema and 105 ema cross upside and above all 89 ema (h,l,c)
sell when 15 ema and 105 ema cross down side and under all 89 ema
i am using this method since last 10 month and it is the best method for my day trading . i play for 25-30 point in nifty intraday .
your stop loss will be for buy the downth moving average and in sell your sl will be the upside moving average. first back test your chart and after that enjoy this formula
i use metastock for this setup
cheer up friend
89 ema high
89 ema low
89 ema close
15 ema close
105 ema close
when 15 ema cross the 105 ema in upward than trend is bullish
when 15 ema cross the 105 ema downside than trend is bullish
buy when 15 ema and 105 ema cross upside and above all 89 ema (h,l,c)
sell when 15 ema and 105 ema cross down side and under all 89 ema
i am using this method since last 10 month and it is the best method for my day trading . i play for 25-30 point in nifty intraday .
your stop loss will be for buy the downth moving average and in sell your sl will be the upside moving average. first back test your chart and after that enjoy this formula
i use metastock for this setup
cheer up friend
