CMP: 5222.65
From today , the SMO SAR LPFt (Low-pass Filter Table) , shall be displayed for Day TA
Classic TA view:
1. Nifty has taken support @ 5180 zone & closed > 5DLEMA
2. Strength @ EOD close > UTL & 20DSMA (ruffly @ 5243-5255)
3. Weakness @ EOD close < 5207 (short Term LTL)
4. Osciallations are on low Vols, indicative of Noisy Hi FreQ Whipsaws
(Low Risk-Reward for EOD Trend-following, stick to Hr TA for High probability set-ups until we cross > 5249 or fall < 5185)
LIFO -Fibbo:
34EMA, 30mins @ 5244 :
Bullish if : Price closes > 5244 for 2 half hr candles
Bearish if : Prices closes < 5244 & generates Fast Fall Set Up
SMO SAR VERDICT:
SMO SAR EOD Exit : 5249 (exit Shorts @ Day TA )
SMO SAR Hrly Entry : 5257 (go Long @ Hour TA)
1. As trade is STILL alive onSWING, carry Shorts created @ 5291 (ysday) with TSL as 5249 (EOD basis)
2. Seek Exit @ 5146 EOD, if TREND stays -ve, else exit @ SMO SAR EOD
cheers
From today , the SMO SAR LPFt (Low-pass Filter Table) , shall be displayed for Day TA
Classic TA view:
1. Nifty has taken support @ 5180 zone & closed > 5DLEMA
2. Strength @ EOD close > UTL & 20DSMA (ruffly @ 5243-5255)
3. Weakness @ EOD close < 5207 (short Term LTL)
4. Osciallations are on low Vols, indicative of Noisy Hi FreQ Whipsaws
(Low Risk-Reward for EOD Trend-following, stick to Hr TA for High probability set-ups until we cross > 5249 or fall < 5185)
LIFO -Fibbo:
34EMA, 30mins @ 5244 :
Bullish if : Price closes > 5244 for 2 half hr candles
Bearish if : Prices closes < 5244 & generates Fast Fall Set Up
SMO SAR VERDICT:
SMO SAR EOD Exit : 5249 (exit Shorts @ Day TA )
SMO SAR Hrly Entry : 5257 (go Long @ Hour TA)
1. As trade is STILL alive onSWING, carry Shorts created @ 5291 (ysday) with TSL as 5249 (EOD basis)
2. Seek Exit @ 5146 EOD, if TREND stays -ve, else exit @ SMO SAR EOD
cheers
Dear SMO,
ReplyDeleteCan you pls upload the excel file with the formula and a small write up as to how to adopt it. It will be helpful.
Regards,
Veer
Nice one.
ReplyDeleteAlso If you could add one column of profit / loss.
@ Veer:
ReplyDeleteDue to certain plans & considerations, I have elected to keep the excel a pvt affair.
You are welcome & free to access the heart of the SMO SAR Algo @ this Blog & develop ur own spreadsheet(see thru prev postings)
@ The_Unprejudiced_Observer:
Thank u. We made more than 120 NS pts on this BEAR trade from 5291 down from ysday in 2 days flat ...
Hi SMO,
ReplyDeleteAs per the mail here i post my note..
Today market open above Pivot so i initiate long with a s/l bellow pivot. Nifty unable to sustain 5235 and fell back. At Pivot SAR my position. Exited around previous day low of 5180.
Regards,
Saravanan
Well done Saravanan...
ReplyDeletePerfect example of Pivot Trading :-)