SH's 315 Strategy - how to use if effectively

[rangarajan]

Friends,

I am just going thro this thread from the begining.
can some one pl say what 'SAR' abrivation stands for as used in this thread.

 

[rahuld2976]

Friends,

I am just going thro this thread from the begining.
can some one pl say what 'SAR' abrivation stands for as used in this thread.

Stop And Reverse.

 

[vinst]

Did NF give profit booking indication today morning (18-Nov) ?

regards,
vin

 

[silentarrow]

Hi,
I kind of like this strategy since it is so simple and I want to learn to apply it properly.
Now, I was seeing the nifty charts and i am a little confused what to do with it.
On the daily charts it seems, like I should short it, since the red line( 3 ema ) has crossed the
green line (15 ema) , whereas on the weekly charts, it seems to be going up.

i have attached the daily chart here

and the weekly chart here:

Uploaded with ImageShack.us

Please give your views on this.

Silentarrow

 

[Tradewithhunter]

Did NF give profit booking indication today morning (18-Nov) ?

regards,
vin

No it didnt, todays candle touched 3 EMA throughout the day. For a profit booking signal, we needed a gap down opening which didnt come.

Cheers
SH

 

[silentarrow]

hey,
I think you missed my post.
could you please take a look and give your views on it.

And please explain the below line too. I didnt understand what you meant here?

No it didnt, todays candle touched 3 EMA throughout the day. For a profit booking signal, we needed a gap down opening which didnt come

One more thing, could you show an example of what a chart looks like for a sell signal . It would be really helpful.

Thanks,
Silentarrow

 

[vinst]

hey,
I think you missed my post.
could you please take a look and give your views on it.

And please explain the below line too. I didnt understand what you meant here?


One more thing, could you show an example of what a chart looks like for a sell signal . It would be really helpful.

Thanks,
Silentarrow

Hi Silentarrow,

many charts have been posted to illustrate buy or sell signals in this thread. Please go through previous pages.

regards
vin

 

[Tradewithhunter]

Hi,
I kind of like this strategy since it is so simple and I want to learn to apply it properly.
Now, I was seeing the nifty charts and i am a little confused what to do with it.
On the daily charts it seems, like I should short it, since the red line( 3 ema ) has crossed the
green line (15 ema) , whereas on the weekly charts, it seems to be going up.

i have attached the daily chart here

and the weekly chart here:

Uploaded with ImageShack.us

Please give your views on this.

Silentarrow

It depends... if you trade based on daily charts .. you short Nifty. In this thread, we trade based on daily charts and hence we are short.

Cheers
SH

 

[silentarrow]

Oh, thanks.
I was asking because I saw one of your posts where you were telling someone to check both weekly and daily charts before exiting a position for long duration (well, it was something like that)

and therefore I thought that we should go for long or short if both weekly and daily charts say so.

Anyways, thanks.

By the way, I am using the EOD data and not real time data.
the only real time data I can watch is the one on google finance.
for example --

http://www.google.com/finance?q=nifty

Thanks,
Silentarrow

 

[hawaisanjay]

Hi all
Is there any site which gives live EOD charts? google finance EOD candle appears end of the day.