Intraday Simple Strategy - 50 EMA Cross Over

Hi,

This is one more simple Intraday Strategy, no need of any indicators or oscillators.

We need:

1. Stocks crossed 50 EMA (EOD) and closed within 1% deviate from 50 EMA. (Both break up & Break down)

2. Use 50 EMA as strict SL for your Intraday Enrty

Example:

On 9th Sep 2010, SIEMENS closed @ 710.35, and 50 EMA is 708.61

Trading Strategy for 13th Sep:

•  Check open Candle's open n low, If low not breached 708.61, go long with SL of 50EMA (708.60);
• Suppose open Candle breaches 50 EMA omit trade or take Pivot supports to your Chance.
• Make Sure different between EMA & your Entry should be less than 1%
• Expected Return 2%
• If stock closed below 50 EMA, Go short

You will get this filter from http://www.stocksfortune.com/QTAnalysisG

For a day, you will get around 5 Derivative stocks in each side Bull /Bear

No urge, Just watch open candle for all 10 stocks, who obey our condition enter with strict SL.. IF 50EMA works Resistance / Support, Hold position you can expect 2% & more return within 2 days.

You can apply this strategy for any EMA / SMA (30, 50,100 or 200 Days)

Happy Trading