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Macdivergence

Bank Nifty made a sensible close by supporting the trend line.BANK NIFTY: Banknifty made a sensible close than the Nifty, the price action supported the breakout trend line and bounced. Also a TS line acted as a good support level. The RSI bounced from the 60 levels, that too is a signature of strength. The lower time frames have to buck up now, the hourly timeframe’s RSI is still wagging between 60-40 levels. 30200 levels on closing basis is important, as long as bank nifty stays above it, the trend in short term shall be positive.
NSE:BANKNIFTY
by BharatJhunjhunwala
HERO MOTOCORP: Losing Trend Strength? HEROMOTOCORP: The stock has been into tight sideways consolidation since few week. The whole auto sector picked up, leaving behind hero motocorp. In todays session the price broke away from the kumo. Even on the weekly charts the price is below the kumo. RSI is into 60 – 40 zones, displaying no signs of strength as of now. To establish strength Heromotorcop needs to display strong price or momentum moves, failing to do so may intensify selling pressure. A strong close above 2750 may save the stock! We have launched “PRORSI” Trading mobile application providing you the best trading ideas. Download now from Play store or IOS.
NSE:HEROMOTOCO
by BharatJhunjhunwala
EURUSD ANALYSIS!!EURUSD SHORT NOT COMPLETED YET? EURO has been in a strong downtrend since FEB,18. Apparently it might be in making of 5 wave structure. If that's the case then 4 waves are completed and now heading down again for 5th wave. 5th wave of the daily structure is in also making of 5 wave but in that case 4th wave might completed now and now on it is going to complete 5th wave. And might respect to the 61.8% monthly FIB level then shoot up again. DIVERGENCE also appriceating the Short. TRADE SAFE GOOD LUCK
Short
by naiyarmankad
Small Risk, Morning Star Reversal & Divergence We can observe that the lower low made is not supported by the indicators thus forming the divergence and showing the strength. It is formed Morning Star Candlestick reversal pattern which is reasonably reliable so one can buy the stock at current level by providing the appropriate SL. We can expect the target of 1815 which offers a good Risk to Reward trade. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
NSE:SRFLong
by praveen.bhatiya
Nifty: Price Action Macd Strategy: RevisitedFree stuff -- something which we ignore in haste. Unfortunately, whatever education I have been doling out is absolutely free. So please bear with me. Rules: ------- Only Long trades when price > 55 EMA Only short trades when price < 55 EMA ------------------------------------------------------------------------------------------------------------------------------- Time Frame 1H ------------------------------------------------------------------------------------------------------------------------------- Long Entry Preconditions: a) Price above 55 EMA b) MACD histogram above zero line --Positive Divergence seen on MACD signal line (a complementary condition for High probability Entries) Long Entry Trigger: Price break above Significant peak fractal of previous downwave OR the break above prior peak fractal high. Exit Strategy or Stop: Type 1 Exit Precondition: Negative Divergence seen on MACD signal line; and Trigger: Break below a consolidation level or the prior minor swing low Type 2 Exit Hourly close below 55 EMA Exit type I or type II whichever comes earlier ----------------------------------------------------------------------------------------------------------------------------- Short Entry Preconditions: a) Price below 55 EMA b) MACD histogram below zero line --Negative Divergence seen on MACD signal line (a complementary condition for High probability Entries) Short Entry Trigger: Price break below Significant fractal of previous upwave OR the break below prior swing fractal low. Exit Strategy or Stop: Type 1 Exit Precondition: Positive Divergence seen on MACD signal line; and Trigger: Break above a consolidation level or the prior minor swing high Type 2 Exit Hourly close above 55 EMA Exit type I or type II whichever comes earlier ------------------------------------------------------------------------------------------------------------------------------------ # If trade exited but price shoots back piercing out of 55 EMA or is already above/below 55 EMA , a break of previous peak fractal with MACD histogram above/below zero line triggers entry again. # Exit Strategy discussed above works well in long trades but chops in short trades. Tweaking a little by taking 1:1 or smaller targets (to previous support zones) instead of the Exit strategy may help in this issue. Backtesting 10/2017 to 2/2018: -------------------------------------- 9896/10413 = +517 *10331/10255 = +76 *10254/10130 = +124 10344/10355 = +11 *10211/10130 = +81 *10095/10148 = -53 10323/10210 = -113 *10210/10255 = -45 10374/10469 = +95 *10409/10504 = -95 10504/11009 = +505 *10878/10781 = +97 *10511/10411 = +100 *10379/10330 = +49 10475/10478 = +3 Profit points = +1352 What I have noticed is that this strategy works very well in a trending market. It help to ride the trend to this full potential. On short trades, we have to take profits at previous supports or else it will chop the profits. May be this is because we have been in a bull market. I sideways market there are hits and misses. I will try to further fine tune but keep in mind that no strategy works all the time, as visible from backtesting results. Do hit the like button for appreciation. Regards Bravetotrade
NSE:NIFTY
by Bravetotrade
4
PRICE ACTION MACD STRATEGY -- LEARN TO EARNREAD CAREFULLY TO LEARN AND EARN Strategy backtested below for two years from 12/2/2014 to 12/2/2016 Rules: Only Long tardes when 55 EMA is above 200 EMA Only short trades when 55<200 EMA Time Frame 1H Long Entry Preconditions: Price above 55 EMA Positive Divergence seen on MACD signal line (for High probability Entries) MACD histogram above zero line Long Entry Trigger: Price break above Significant peak fractal of previous downwave OR the break above prior peak fractal high. Exit Strategy or Stop: Type 1 Exit Precondition: Negative Divergence seen on MACD signal line; and Trigger: Break below a consolidation level or the prior minor swing low Type 2 Exit Hourly close below 55 EMA Exit type I or type II whichever comes earlier # If trade exited but price shoots back piercing out of 55 EMA or is already above 55 EMA, a break of previous peak fractal with MACD histogram above zero line triggers entry again. # Exit Strategy discussed above works well in long trades but chops in short trades. Tweaking a little by taking 1:1 or smaller targets instead of the Exit strategy may help in this issue. Back Testing 12/2/2014 to 12/2/2016 1) E=6283 Ex=6487 +204 2) E=6575 Ex=6723 +148 3) E=6725 S=6743 +18 4) E=6749 Ex=6808 +59 5) E=6741 Ex=7269 +528 6) E=7345 Ex=7589 +244 7) E=7572 S=7530 -42 8) E=7548 Ex=7740 +192 9) E=7734 Ex=7770 +36 10) E=7709 Ex=8056 +347 11) E=8051 Ex=8064 +13 12) E=7815 Ex=7759* +56 13) E=7928 Ex= 8364 +436 14) E=8455 Ex=8521 +66 15) E=8152 Ex=7995* +157 16) E=8206 S=8270* -64 17) E=8148 S=8281* -133 18) E=8531 Ex=8861 +330 19) E=8681 Ex=8791 +110 20) E=8840 Ex=8862 +22 21) E=9612 Ex=8413* +1199 22) E=8808 S=8732 -76 23) E=8284 S=8311* -27 24) E=8270 Ex=8066* +204 25) E=8421 S=8390 -31 26) E=8428 Ex=8557 +129 27) E=8461 Ex=8549 +88 28) E=8322 Ex=7559* +763 29) E=8180 Ex=8210 +30 30) E=7988 Ex=7784* +204 31) E=7812 Ex=7682* +130 32) E=7945 S=7905 -40 33) E=7556 Ex=7403* +153 34) E=7402 S=7463* -61 35) E=7255 Ex=6884 +371 #Trades with asterisk mark (*) at the end are short trades. Winning Trades= 27 Profit= 6237 points Losing Trades= 8 Loss=474 points Net points= 5763 Profit with one lot= Rs4,32,225 I have also tested this strategy for current year but I ll update the results later as its very time consuming. It has been observed that the strategy keeps us in a trade as long as trend is strong. The losses made in the strategy are quite manageable due to price action and divergence combination. Maximum loss made in a trade was 133 points and maximum profit was 1199 points. I ll further test this strategy; and the comments of fellow traders can surely help in fine tuning. I have noticed some fellows make carbon copies of already published ideas :) Its a highly undesirable practice and should be avoided by all means. B'coz readers can differentiate between the original idea and the copied one. Hope I made my point. Trade safe and stay healthy. Do hit like and comment. Best Regards Bravetotrade
NSE:NIFTY
by Bravetotrade
39