Intraday:
Bull side:
Condition: 5H-EMA>10H-EMA, & Price >5DLEMA
1. Buy on all declines to 5DLEMA or 5DEMA whichever applicable with SL 10DEMA (if price>5DEMA) or with SL 5DLEMA-20pts (if price>5DLEMA) for targets to 5DHEMA or higher.
2. If price > 5DHEMA, then momentum in place. Hold long positions.
3. Watch hourly 5H-EMA and 10H-EMA closely if 5H-EMA>10H-EMA, the moment price difference (5H-EMA to 10H-EMA) converges, exit intraday longs.
4. If diff b/w 5H-EMA to 10H-EMA converges in the first hour & diverges immediately in the second hour, take long positions to dips to 10H-EMA/5H-HEMA.
Bear side:
Condition: 5H-EMA<10H-EMA, & Price <5DHEMA
1. Sell on all raises to 5DHEMA or 5DEMA whichever applicable with SL 10DEMA (if price<5DEMA) or with SL 5DHEMA+20pts (if price<5DHEMA) for targets to 5DLEMA or lower.
2. If price < 5DLEMA, then momentum in place. Hold short positions.
3. Watch hourly 5H-EMA and 10H-EMA closely if 5H-EMA<10H-EMA, the moment price difference (5H-EMA to 10H-EMA) converges, exit intraday shorts.
4. If diff b/w 5H-EMA to 10H-EMA converges in the first hour & diverges immediately in the second hour, take short positions on raises to 10H-EMA/5H-HEMA.
Positional:
Bull side:
Condition: 5H-EMA>10H-EMA, & Price >5DLEMA
1. Buy on all declines to 5DLEMA or 5DEMA whichever applicable with SL 10DEMA (if price>5DEMA) or with SL 5DLEMA-20pts (if price>5DLEMA) for targets to 5DHEMA or higher.
2. If price > 5DHEMA, then momentum in place. Hold long positions with sl 10DEMA.
3. Watch 5DEMA and 10DEMA closely, the moment price difference (5DEMA to 10DEMA) converges, exit postional longs.
4. If diff b/w 5DEMA to 10DEMA converges in the first day & diverges immediately in the second day, take long positions to dips to 10DEMA/5DEMA.
Bearside:
Condition: 5H-EMA<10H-EMA, & Price <5DHEMA
1. Sell on all raises to 5DHEMA or 5DEMA whichever applicable with SL 10DEMA (if price<5DEMA) or with SL 5DHEMA+20pts (if price<5DHEMA) for targets to 5DLEMA or lower.
2. If price < 5DLEMA, then momentum in place. Hold short positions with sl 10DEMA.
3. Watch 5DEMA and 10DEMA closely, the moment price difference (5DEMA to 10DEMA) converges, exit postional shorts.
4. If diff b/w 5DEMA to 10DEMA converges in the first day & diverges immediately in the second day, take short positions on raises to 10DEMA/5DEMA.
1 comment:
Hi Vignesh,
A good attempt and appreciate it.
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