Welcome back everyone! As I mentioned in my previous blog on Nifty strategy that I will share more real examples to help understand the strategy better, this blog will show you many chart examples. Below are the charts along with commentaries. We should always follow the rules and take all the signals which come to us. So let me know if you have any queries. Thanks!
We got a long signal first as the price retraced to PEMA lines and the green candle showed strength. However, after our entry the prices went south and there was an opposite crossover and we exited with (75) points loss. Later in the day, we got a signal to go short as the red candle showed weakness. We exited at day end with 83 points profit. We covered the loss booked earlier and ended in net profit.If you see the start of the day, the , market was bearish but we did not get any short signal as no candle touched PEMA lines. In the afternoon, we got a buy signal and we could fetch 80 points profit.The first entry was a buy. However, after sometime it went in the opposite direction and we had to exit for (43)points loss. But again that had to be closed at a loss of (38) points as it did opposite cross. This was a sideways day and in such days we can face with a loss. But if we stick to our trading plan, the numbers add up in the month end.The first signal was a short entry. However, the candle which gave signal was huge and so in this case we should ideally wait for a pullback and then look for weakness. We did see the weakness when the price retraced and then shorted. We exited at day end with 65 points profit.We got the long signal here as the price went to touch PEMA lines and then the green candle showed strong signal. After our entry, the price kind of moved sideways but we still ended with 23 points profit.Look at the above chart. It was a perfect trend day. The entry was only taken when the price came back to the PEMA lines and then there was a bullish candle. Exit was at day end as there was no opposite crossover. This day fetched more than 100 points of Nifty which translates to ~Rs.7,500/- per lot.
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