MSCI INDIA INDEX

Jun 27, 2009

26th june update


forth trade----
--system generated long call today when nifty was trading at 4280.

7 comments:

DG said...

how to customize the ema value in yahoo finance upto 1000. kindly give me the link how to create it.

Dr. Jignesh Shah said...

dear dg,
please visit the page at http://nifty.chart.tripod.com/

or at
http://finance.yahoo.com/echarts?s=%5ENSEI#chart1:symbol=^nsei;range=5d;indicator=ema(20,80,200)+macd+rsi+stochasticslow;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

Dr. Jignesh Shah said...

dear dg,
in the interactive charts of yahoo,200ema=1000ema as it is 5 minute candeles

ranjit said...

Deasr Dr,

intraday nifty trading ( target & sl ) ?

Ranjeet

DG said...

thank u sir

Dr. Jignesh Shah said...

dear ranjit,
as this is market following method,there are no specific targets or stoploss in it.
this not for intraday trading but for positional trading.

ranjit said...

Dear Dr,

Thank you.

Ranjeet

[Most Recent Quotes from www.kitco.com]

TRADING SYSTEM USING THREE AVERAGES

The system features three moving averages:
fast(green), middle(red) and slow(blue).

Entry points are determined by the middle moving average(red) crossing the long moving average(blue)
and exit points by the fast moving average(green) crossing the middle moving average(red):

Go long when:
middle moving average(red) crosses to above slow moving average(blue) from below;
AND fast moving average(green) is above middle moving average(red).

Close long when
fast moving average(green) crosses to below middle moving average(red) from above.

Go short when:
middle moving average(red) crosses to below slow moving average(blue) from above;
AND fast moving average is below middle moving average.

Close short when
fast moving average(green) crosses to above middle moving average(red) from below.

---please never trade against the system.
---once trade initiated as per system then you can use rsi,macd,bollinger band,slow stochastic or parabolic sar to close your trade.

trade-with-trading-system

--Most successful traders use a mechanical trading system.

--This is no coincidence.

--A good mechanical trading system automates the entire process of trading.

--The system provides answers for each of the decisions a trader must make while trading.

--The system makes it easier for a trader to trade consistently because there are a set of rules which specifically define what should be done.

--The mechanics of trading is not left up to the judgment of the trader.

--If you know that your system makes money over the long run it is easier to take the signals and trade according to the system during periods of losses.

--If you are relying on your own judgment during trading you may find that you are fearful just when you should be bold and courageous when you should be cautious.

--If you have a mechanical trading system that works, and you follow it rigorously your trading will be consistent despite the inner emotional struggles that might come from a long series of losses, or a large profit.

--The confidence, consistency, and discipline that a thoroughly tested mechanical system affords is the key to many of the most profitable traders’ success.