CMP: 4965.7
Its the same story ...
Lifo Fibbo + SMO SAR = Price Warrior's Lode-star !
Today was owned , absolutely creamed by Lifo-Fibbo ..
Ysday had blogged , will look to sell on all rises towards 5DLEMA (5025)
Today @ 13:00hrs, went short when price failed to trade :-
1. Above 5DLEMA ; and
2. Broke below & closed < 34EMA, 30mins @ 5022
Closed all shorts @ 61.8% Fibbo support .. 4950 --> 60 NS pts in the bag in 1 hr !
Anyways, the SMO SAR - LPFt once ready for display, shall visually exhibit the Entry / Exits ...
SMO SAR VERDICT:
SMO SAR EOD : 5030
No open positions, so what do i do ?
1. For Bears:
5DEMA is wid -ve d/dx, so SELL on Rallies towards 34EMA @ 5014,
Tgts : 4940 / 4864
2. For Bulls:
Tomo is Friday, time to see if 4940 can hold, we may get a bounce on close > 5014 on 30mins & close > 5030 EOD
Tgts : 5068 / 5146
cheers
Its the same story ...
Lifo Fibbo + SMO SAR = Price Warrior's Lode-star !
Today was owned , absolutely creamed by Lifo-Fibbo ..
Ysday had blogged , will look to sell on all rises towards 5DLEMA (5025)
Today @ 13:00hrs, went short when price failed to trade :-
1. Above 5DLEMA ; and
2. Broke below & closed < 34EMA, 30mins @ 5022
Closed all shorts @ 61.8% Fibbo support .. 4950 --> 60 NS pts in the bag in 1 hr !
Anyways, the SMO SAR - LPFt once ready for display, shall visually exhibit the Entry / Exits ...
SMO SAR VERDICT:
SMO SAR EOD : 5030
No open positions, so what do i do ?
1. For Bears:
5DEMA is wid -ve d/dx, so SELL on Rallies towards 34EMA @ 5014,
Tgts : 4940 / 4864
2. For Bulls:
Tomo is Friday, time to see if 4940 can hold, we may get a bounce on close > 5014 on 30mins & close > 5030 EOD
Tgts : 5068 / 5146
cheers
Jai Shri Ram.....
ReplyDeletethx for teach me about your algo sir ji.
I am doing well in paper trade.
Thanks lot sir.
regards,
solanki
hope all is well sir ji.
ReplyDeletejai shri ram.
No updates? At least can give SAR daily...
ReplyDeleteDear raju4u ji as chat with SHRI SMO ji on FB, for 12-15 months he will not be able to update here.
ReplyDelete