EMA of 34& 8 technical analysis

This was shared by Mr.Partha in Mudraa last week but got ignored somehow. This is too good to be ignored. You are missing a Jackpot. This single strategy is enough to make good money. Pl note that this is not for Day Trading but amazingly effective for short-to-medium term trading.


The difference in this strategy is that here there are 3 characters instead of two.

1) EMA 34 line

2) EMA 8 line

3) Priceline

EMA 34 is effectively 1 month weighted average

EMA 8 is effectively 1 week weighted average

A) When price cuts EMA 34 from below, Buy.

Square off when it cuts EMA 8 from above.

If it again goes above EMA 8 , buy again.

.....

B) If the price cuts EMA 34 from above, Short.

Square off when it cuts EMA 8 from below.

If it again dips below EMA 8, short again.