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Hi Anuj,
ReplyDeleteCan you please help me how to take position based on 200 EMA on 5 minutes chart. As few times you had mentioned it may become SAR. But I have obsereved some times it overlaps with the current price. For Example yesterday Nifty touched EMA 200 on 5 min chart at 4760[long], and went up till 4798 and again came down, crossed over at 4762 [short].
Please advice.
hi naveen
ReplyDeletehope you have found the market calls information useful,and using it to make your own intraday/swing trading strategies...based on markets open and price behavior during the day.
There is no secret about 200 MA...and you cant just use it always(yesterday as you said price chopped around it ,but our sar was still beyond the price range for the day)..if price is moving close to 200 ema it indicates loss of momentum and increase the chance of swing reversal...or it means that from trending condition we over and we are approaching sideways market conditions ...before final swing change.
I use it because its easy to use and very reliable in trending conditions(thats with any moving average...when momentum is high you will see even 55 day average is not touched during the day.
So just as a learning tip....forget the moving average and concentrate on finding an area which is beyond intraday price action,that area will be your SAR point/area for next day (you can use any indicator finding that point,200 moving can be one of them)
Good luck
Hi Anuj,
ReplyDeleteThank you. Your market calls really helping me. Yes you have rightly mentioned "if price is moving close to 200 ema it indicates loss of momentum and increase the chance of swing reversal...or it means that from trending condition we over and we are approaching sideways market conditions ". I was not aware of this. Thank you so much for enlightening this knowledge.
Regards.
Dear Anuj,
ReplyDeleteI hope you are fine..
I don't know why people pointed you? My understanding who ever in market they are very matured guy's not kids..how they talking like this in ilango blog..what is there to promote your blog you clearly mentioned that it is knowledge sharing..
I am also regular visitor on both Ilango and Your blog but i am not posting any comments here because both yours table and Ilango pre-market views almost covering day trend and positionals.....
Its really bad to see such comments from that unknown guy Rancho.......
I was really upset with that message...
Thanks,
Ramesh.
@ naveen
ReplyDeleteyour welcome,try to make your own sar,as there will be days when i am unable to post the table,what will you do then?...so dont depend on the table completely...it will create problems.
Good luck
@ramesh
ReplyDeleteHi ..i am fine...and i hope that you a doing fine too...nice to see your comment here...thanks for your continued support
no need to feel upset...the markets as well as in life you will continuously find people/events that will try to pull you down...ignore them...and move on...
I hope you are planing your NFL trades,it started its up move (for budget or for few days i dont know )...but what is your analysis,do share your thoughts and strategies ,when ever you find time
Good luck cheers
Thanks..
ReplyDeleteYes i bought 1500 NFCL @31.18 avg price in cash segent and also bought 1 lot of 35CA@ 0.95/- Will hold these till budget..
Thanks,
Ramesh.
@ramsfm
ReplyDeleteOk great,good luck with your trades
Thanks for support once again
AJ
Mr.Anuj,
ReplyDeleteAs per today's table, SAR is 4807 for NIFTY. 4807 is briefly touched but retraced from there and never gone there..should we have reversed to long from short if we would have taken short position at 4756?
If so, then we should be carrying the overnight long position..please correct me if my understanding is wrong
rgds
ram
Hi ram
ReplyDeleteyes we should have reversed to longs,and we will carry the position as long as new SAR (i will update soon ) is not take out
All shorts should be reversed I think as per system we went short at 4850 (4th feb),and came out with small profits today(40 points approximately),now the table if combined with intra day moves and gaps gives best results.
From 4850 it fell to 4690 the next day...so if somebody missed getting in on 4th he/she will come out with a loss,else profit(today)...this describes that even if you give same system to every body ,people will have different returns...sounds interesting right?
good luck with your trading
Cheers
Hi Anuj,
ReplyDeleteI wanted to contribute to the discussion on fixing SAR - well not quite, I will focus on placing SL as opposed to SAR. One possible approach is to draw a reasonable trendline and use the price point where it touched last or better still where it touched last but one time. If the price goes beyond this, usually the trend line is finished ..
As always, trading is a very individualistic thing and what may work for one may not work for other.
My best to you. .....
Hi Student of market and readers
ReplyDeleteyou made the most important point
"As always, trading is a very individualistic thing and what may work for one may not work for other."
The whole idea behind SAR is that we should approach the intrday trade with a bias...and a reference point that tells us the current market conditions...Swing and SAR takes care of that....How we get that is a matter of personal choice ,whether we trade strictly according to it is again a matter of personal choice...
http://financeandtradingmadeeasy.blogspot.com/2010/01/how-to-use-market-calls-table.html
New visitors should go through this post on how to read the table
Your trend line method is great...it would be great is you would add ,how you select the 'reasonable trend line'
One case of reasonable trendline is a gann line ...its nothing but a 45 degree line from a pivot high or low...
perhaps SOM(student of market )...can add a bit on this..
Good luck cheers