Dear Abe/ others. I am holding RCOM for a price of RS 265/- , qnty 200. What should i do & how long I have to hold to break even.
Thanks & Warm Regards K. Bhattacharjee
--- On Sun, 27/12/09, HS Ratti <ratti2@gmail. com> wrote: From: HS Ratti <ratti2@gmail. com> Subject: [sharetrading] trading rules To: sharetrading@ yahoogroups. com Date: Sunday, 27 December, 2009, 9:22 PM
Sometime back.. a gentleman had reqested infoon trading rules and strategy.. icould not reply earlier as I was out.. Here is one example I follow Simple Rules to Trade Using 5 EMA(LOW-HIGH) USE EMA -5(LOW) and EMA-5(High) instead of using 5 EMA.. Rules If the stock/Index trading above 5 EMA(High) - trend is expected to be up with support at 5 EMA(High)and next level of support comes near 5 EMA(low) If the stock/Index trading in between 5 EMA(low) and 5 EMA(High) trend is expected to be rangebound between 5 EMA high and 5 EMA low with resistance at 5EMA(high) and suppport at 5 EMA (low) If the stock/index trading below 5 EMA(low) then price is expected to be trend lower with resistance at 5 EMA low and next level of Resistance comes near 5 EMA(High) Try applying for both Weekly and Daily Charts to know the exact trend Its good to Catch the stock/Index at 5 EMA low- EOD with stop loss below 5 EMA-High Rest its good to look at the 3 month Nifty chart with 5 EMA(High - Low) Indicator. Also Implemented in our Nifty EOD Tool as displayed in the right corner of the page to guage the EOD Supports and Resistance The Amibroker formula to plot the 5 EMA High –low is _SECTION_BEGIN( "5 EMA High-Low"); SetChartOptions( 0,chartShowArrow s|chartShowDates ); _N(Title = StrFormat("{ {NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) )); Plot( Close, "Close", ParamColor(" Color", colorBlack ), styleNoTitle | ParamStyle(" Style") | GetPriceStyle( ) ); Buy = Cross(Close, EMA( High , 5 )); Sell = Cross(EMA( Low , 5 ),Close); PlotShapes(IIf( Sell==1, shapeDownArrow, shapeNone), colorRed, 0,High, Offset=-20); PlotShapes(IIf( Buy==1, shapeUpArrow , shapeNone), colorGreen, 0,Low, Offset=-20); Plot( EMA( Low,5), "5 EMA LOW",ParamColor( "Color", colorBlue ),styleNoRescale) ; Plot( EMA( High,5), "5 EMA High",ParamColor( "Color", colorBlue ),styleNoRescale) ; _SECTION_END( ); \or you can change it to.. Buy = Cross(Close, EMA( Low , 5 )); Sell = Cross(EMA( High , 5 ),Close); hsr |
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