Hello reader, Today is the day 4 of EMA strategy testing series. I am ready with with data for 24 August 2023. Today, we get total two trade in our trading setup. So, now I will discuss with you about the trade and do analysis on that. I am adding the screenshot of today trade and let’s get into it for understanding it thoroughly.
Today market open gap up and move a quick move for upside so most of the trader are trapped here by big player. But when we focus on our EMA trading setup we get good trade.
Trade 1: Our first trade is perfect today since it meets all the condition because today is expiry day and in very less time market make sharp move so at that moment if we capture any reversal we make good points. As per our setup, when alert candle low is break we enter and initially our target was 1:3 but the downward movement was fast so we wait for its support point which is first candle low point. And in this way it end up with approx 1:6.
Summary : Entry: 44902 Stoploss : 44943 Target : 44635
Result: Target Achieved Points : +266
Trade 2: In our first trade we capture good amount of points so when the next alert candle break we enter for second trade and in that trade we quickly book 1:3 profit.
Summary : Entry: 44690 Stoploss : 44734 Target : 44555
Result: Target Achieved Points : +135
If we count for our both trade, points we capture is total +401 on the expiry day which is best as premiums move fast on the expiry day. Our aim for this EMA testing series is not focused on earning but our focus is to make trader believe that in stock market we can make profit consistently if we are disciplined with stop loss and target. It is not necessary that we always achieve our target sometime we have to also accept our stop loss. I think it’s a lot of words for today. Enjoy Learning ✌️