Link to this excel file is Hi Lo Ema
P:S : I think the background color in 5 ema 10 ema are not right . but the purpose of post is to combine hour Hi lo with 34 ema on 30 mins TF.
We have hourly closing prices of Nifty along with 5 hour hi low and close emas
we know the 4 rules that sir taught as in
When prices move above Low ema and closes ; Buy on dips to High ema +
When prices move above High ema and closes ; Buy and Hold as upward momentum picks up .
When prices move Below High ema and closes ; Sell on rises to Low ema -
When prices move below Low ema and closes ; Sell and Hold as downward momentum picks up .
Accordingly we have cols K and L which will have a value '1" if the close prices was less than 5 hour close ema and 5 hour Low ema .
Col M has a value if prices closed below 34 ema on 30 min TF
( Since this is an hour chart , I have calculated 17 ema to make it equal to 34 ema on 30 min TF)
Now if the prices have closed in such a way that all three cols ( K AND L AND M ) have 1 in them then
N will be 1 suggesting a Sell . As long as N has 1 one should hold position with 20 points SL.
And For a BUY
and Clos O and P which tell us if the close price was above 5 hour close ema and 5 hour High ema. Along with col Q which has a '1' if prices closed above 34 ema on 30 min TF .
Now if the prices have closed in such a way that all three cols ( O AND P AND Q ) have 1 in them then
R will be 1 suggesting a Buy. As long as R has 1 one should hold position with 20 points SL.
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If we apply a filter of 10-15 points above hour Low ema ( In case of Sell) and Below Hour High ema ( In case of buy ) , We may avoid taking the trades more number of time s .
If we do not apply the filter we come out at 5206.
As sir says taking min 2 lots and part booking can increase the returns.
Like today it suggested a sell at 5217 at 10:00 close and at 1:00 close prices closed right at hour low ema 5206 , making to square of the trade . Then at 2:00 close they closed at 5203 ( 4 points above hour low ema)
so If we apply filter of 10 - 15 points max then we could have been still in trade .
till the end of the day .
8 comments:
Dear Smita,
Good Evening. hope you made today good.
i also made good. i got 56 points in MININIFTY. I am happy. could you kindly give the above file to me. so that i also trade like that. if i prepare that i don't know how to program to get colours. kindly share me the file. no obligation. just request.
thank you.
Dayakar ji ,
The above file is made with the help of Ilango sir's TA file that he uploads everyday ...
On excel I added another sheet to that TA file and gave reference to the hour sheet's corresponding value .
If you can figure that out good ...otherwise let me know I will share the copy I have kept with you which has this particular sheet ..you have to key the hour OHLC as the day progresses .
No Dayakar ji , did not make a single penny ...I have some other things which is keeping me busy so am just observing ..its good in a way that it is giving me time to test it .
Pls test this before you put your money .
Thanks
Dear Smita,
Good Morning.
one lot i am having in position. now if today during market time if nifty crossed and closed above JnSar level then i must reverse. okey. fine. in which time frame i should do this. kindly help me. yesterday i am whipsawed in intra-day. we must find some logic to avoid this whipsaws. once i get your email i will discuss logic through that if you permit.
Thank you.
Dayakar ji ,
As per my understanding if one is following JNsar then no time frame is to be followed ...As soon as JNSAR number comes on screen "act" with a 20 point SL. Even if it whipsaws soon it will be in the direction of trend. i will miss JNsar this time as am away from terminal for rest of this week.
Smita
Dear Smita,
Thank you very much.
Hi Smita Madam
Can I get the excel file. My Mail- pjpriya2003@gmail.com
Hi Prakash ,
Sorry for replying late , here is the link to the file I have uploaded it .
34EmaHILo
http://www.4shared.com/file/wR1-LZHG/Hiloema.html
If you have any trouble let me know .
please send me the excel sheet or link to download. Above link is not working
Dipti Singh
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