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Thanks a lot SG, many things are clear now. By the way, the 50 EMA on chartik's chart seems to be way far from the candles when i compare the chart posted by you. I am thinking if chartink's charts are reliable ? Anyone has used chartink ?

Trying to understand exits and SL for this strategy. Posting L&T EOD chart below. In the area marked, the swing is too deep and SL is too far. How to exit here ? If we wait for SL to trigger we would loss big profits ? Can we exit shorts on bullish cross over(marked in the image ?) If...

We are still in bearish tread, can't go long before bear SAR is broken. At the moment, we can only short if the candle closes below 15 EMA.

How to set GFZ envelope on iCharts ? I couldn't find envelope in any of the indicators. Thanks in advance.

Along with the crossover, one should also add an oscillator to confirm trend reversal. That would make 315 strategy more robust. My 2 cents.

NIFTY Fool's area: I plotted an envelope with 17 SMA and 7% width. As per the chart, NIFTY will be in fools area around 5250.

As per original 315 strategy, we were short till 30th Nov for NIFTY. On 30th Nov, it looked like the candle would touch 15 EMA and we would be adding one more lot to our short position. But today, 3 EMA crossed over 15 EMA and we should long! Although, the candle did not touch 15 EMA on 30th...

Doesn't look like Nifty would be able to sustain above 4850. The 4710 support was breached with huge volumes. If you see current rally post that, the volumes have been decreasing. So far, the short looks good. Although, the world stocks rallied today. US markets opened with gap up of 3% on the...

Can you please post the link to the thread you are talking about ?

Bought cairn india @ 303 today as 3 EMA crossed over 15 EMA. The stock has been in news for quite some time. I think, 315 will be quite useful for stocks in news for good/bad, so that we can ride the wave. http://imageshack.us/photo/my-images/850/jchartscairn.png/

Thanks NTrader. Adding the other EXIT rule here. Please add if you think i have missed any. Exit if candle doesn't seem to be touching 3 EMA (partial exit). We probably want to reenter when candle touches back 3 EMA again. By the way as per the strategy we have shorted NIFTY, but market opened...

Hi NTrader, Thanks for summarizing the rules. I have a query regarding exit strategy. As per the rule above, Exit completely if 3 EMA goes in opposite direction for 2 consecutive days. If say i sell and next 2 days the highs go above 3 EMA, shall i exit ? Or should the candle formed be...

SH and other seniors, I am absolutely newbie to trading. Please recommend the best way i can start trading F&O with this trading system ? People recommend not to start with F&O directly and i have seen many burning their hands. Thanks in advance!

I don't think candle no toucning 3 EMA notifies reversal. It means you need to book profits and wait for correction. You need to reenter again when candle touches 3 EMA again. On 21st the candle touched 3 EMA just by a hint which was actually reenter and sell again.

Re: Stocks To Keep A Close Eye On - Chapter II Hi Anant, In your post dated 24th Sept(Friday), you had mentioned BUY for following stocks: http://www.traderji.com/equities/29292-stocks-keep-close-eye-chapter-ii-108.html#post472149 ----------------------------------------------- |...

Hello Savantji, Which technical indicators are used for generating these triggers ? I tried to go through as many posts as possible in this huge thread, but could not find anything. I don't have Amibroker installed. Is it must to have ? Thanks in advance. -Rahul

Hello Savantji, I am new to stock trading. Which technical indiacators are used to generate these triggers ? I tried to go through as many posts as possible in this huge thread. But could not find it. I don't have amibroker installed. Is it absolutely necessary to have Amibroker ...

Guys, I recently came across this thread. I am absolute newbie to trading. But i am quite excited about it, opened a demo account with Alpari. Looking to trade and contribute further. Thanks to Edward for sharing and guiding people.