SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

What a fall today on Nifty ....!!!!

anyways, 315 has generated a sell today ....holding shorts now based on 315.

Cheers
SH

 

[Visualize]

Hi SH,
I have two doubts which I want to get clarified or else I will be going in a wrong direction all together.

1. For 315 do we calculate EMAs based on Future price or Equity SPOT price. Because sometimes if I see equity price the stocks gives BUY signal as per 315 but in Future price the stock is yet to generate the BUY signal .

2.For futures If I want to find out high volume scripts on what basis do i need to filter it out.Is it based on No of Contracts or Open interest or somthing else ?

I want to filter it out to at least 100 stocks out of total 223 future stocks.
so that I can keep a track of 100 stocks for swing trading as per 315 strategy.

3. Suppose I want to caluclate the 15 EMA of a script for FEB future on Feb 1st , Do I need to calculate it from JAN 15th .

Regards,
Deep

1. If you want to trade in cash then check cash price crossover same for futures if trading in futures.

2. You can get volatile scripts @ nifty site itself, if you want 100 volatile scripts then you will need to manually find them.

3. 3ema is for last 3days and 15ema for last 15 days irrespective of date.

 

[jayan12]

What a fall today on Nifty ....!!!!

anyways, 315 has generated a sell today ....holding shorts now based on 315.

Cheers
SH

At what pricce you squared off your LONG?
At what price you initiated your SHORT?

Please reply SH. I think this is the very important point in this strategy.

 

[rrmhatre72]

What a fall today on Nifty ....!!!!

anyways, 315 has generated a sell today ....holding shorts now based on 315.

Cheers
SH

Hi SH,

Nifty is also close to 100EMA.
How to play it now?

 

[hawaisanjay]

Thanks hawaisanjay.

How did you arrive the figure 6022 which marks the 315 bearish cross over? and I guess this is the important point to understand in this strategy.

just put figure in excel sheet and check EMAs

 

[hawaisanjay]

Hi hawaisanjay,
Is the 15 EMA of Godrej Ind is 190.34 or 188.61.
As per my calculation I gets 3 EMA 197.02 and 15 EMA as 188.61

The data I took is from NSE website future EODs of GODREJIND.

Please let me know how you calulate the EMAs

Regards,
Deep

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages

 

[Tradewithhunter]

At what pricce you squared off your LONG?
At what price you initiated your SHORT?

Please reply SH. I think this is the very important point in this strategy.

Hi Jayan - as far as this strategy is concerned .... Longs exited and shorts should have been opened at closing price 5895

Regarding my personal trades, I was short once 100 EMA on hourly was broken around 6050.

Cheers
SH

 

[jayan12]

Hi Jayan - as far as this strategy is concerned .... Longs exited and shorts should have been opened at closing price 5895

Regarding my personal trades, I was short once 100 EMA on hourly was broken around 6050.

Cheers
SH

Yes, I opened SHORT at 5900 around 3.25 pm. Thanks... SH.

 

[dp33770]

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages

Hello hawaisanjay,
I am laso using the same formula. But would like to know where do you take the EOD data for scripts... As though both of us use 1 formula why there is a difference in EMA valus

 

[VJAY]

Hi Jayan - as far as this strategy is concerned .... Longs exited and shorts should have been opened at closing price 5895

Regarding my personal trades, I was short once 100 EMA on hourly was broken around 6050.

Cheers
SH

Dear SH,
Please share your some tweeks to this method ...so some times we also look that and it will help to cut our losses.........