SH's 315 Strategy - how to use if effectively

[VJAY]

Niffty 3ema has crossed 15ema, but not the previous day candle's high. So I should not go long today... and should wait ....yes?

Dear Jayan,
If cross over happen then must be take long trade...no waiting...trade may get whipsaws...but as per 315 trading we are now in long.....

 

[Tradewithhunter]

Long on Nifty now ...

Cheers
SH

 

[jayan12]

Don't we need to wait for the price to cross the previous day's high when 3ema crosses 15ema ?

 

[gb333]

Tradewithhunter...
I am long in NIFTY now

 

[Tradewithhunter]

Don't we need to wait for the price to cross the previous day's high when 3ema crosses 15ema ?

Nope - Please go through the rules once again ... the entry is at EMA crossover and nothing to do with previous days highs.

Cheers
SH

 

[gb333]

GO LONG IN IFCI NOW..

 

[JackPotter]

GO LONG IN IFCI NOW..

The candle isn't touching the 3 EMA crossover. That's an indication to book profit if holding.

Instead we should wait to see if today's high is breached tomorrow, 3 EMA is still over the 15 EMA, and candle is back at the 3 EMA. Please correct me if I'm wrong.

 

[tvrssvk]

Sorry for interrupting the flow.

I guess the entry rules----"Entries are simple, you wait for a candle to close above 15 EMA, next candle to open and see if 3 EMA is above 15 EMA or not. If the answer is 'Yes' you go long. For shorts you need an exact opposite setup".

Satisfies EOD today..............for long

Please clarify............if possible by chart............

Thanks....

 

[tvrssvk]

Nifty closed above 15 EMA yesterday----EOD chart icharts

Nifty 3 EMA is above 15 EMA---eOD chart icharts..........

So, when should we entry..........wait for icharts to update the candle.......view it and entry tomorrow.............

Please clarify..............

 

[VJAY]

Sorry for interrupting the flow.

I guess the entry rules----"Entries are simple, you wait for a candle to close above 15 EMA, next candle to open and see if 3 EMA is above 15 EMA or not. If the answer is 'Yes' you go long. For shorts you need an exact opposite setup".

Satisfies EOD today..............for long

Please clarify............if possible by chart............

Thanks....

IMO no need to look close above 15 for entry...only look 3 ema crossed 15 ema...that's it....if eod cross over happen then we enter in it before market close.....means arround 3.25PM...also we are long from yesterday....