12/4/16 - SIMPLE SIGNAL THEORY (SST)
I have drawn the simplest formula to decide for the Trend next day and I want to reveal that simple technique to all concerned.
At end-of-day (EOD), we have 3 figures - Pivot (PP), Mid-Point (MP), and Close(C). Now we have pre-open(PO) at 9.07 am at Exchange level - NSE or BSE, every working day.
Now we have 4 levels and market moves accordingly, as per records studied. The Reversal Point (RP) may be worked out in advance and works well in case market reverses Trend mid-way as done last on 1/4/16.
The simple Rule is that if PP is more than MP previous day, it is Bullish trend and vice-versa. Trend is Up or Down based on above criteria. If during the day, if it crosses RP - Reversal Point - either from upside to down or downside to upside, the trade may be taken accordingly.
I have compiled data for Nifty 50 spot and Nifty Bank spot since 1/1/2015 and worked out the results with above parameters. It has very fantabulous results and may be relied upon with action to be taken at RP, as explained above.
Those who may be interested in such excel-file, may send me request on my personal email ID "jeetendram@gmail.com". I will send them the file during this long week-end.
Thanks.
I have drawn the simplest formula to decide for the Trend next day and I want to reveal that simple technique to all concerned.
At end-of-day (EOD), we have 3 figures - Pivot (PP), Mid-Point (MP), and Close(C). Now we have pre-open(PO) at 9.07 am at Exchange level - NSE or BSE, every working day.
Now we have 4 levels and market moves accordingly, as per records studied. The Reversal Point (RP) may be worked out in advance and works well in case market reverses Trend mid-way as done last on 1/4/16.
The simple Rule is that if PP is more than MP previous day, it is Bullish trend and vice-versa. Trend is Up or Down based on above criteria. If during the day, if it crosses RP - Reversal Point - either from upside to down or downside to upside, the trade may be taken accordingly.
I have compiled data for Nifty 50 spot and Nifty Bank spot since 1/1/2015 and worked out the results with above parameters. It has very fantabulous results and may be relied upon with action to be taken at RP, as explained above.
Those who may be interested in such excel-file, may send me request on my personal email ID "jeetendram@gmail.com". I will send them the file during this long week-end.
Thanks.
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