SH's 315 Strategy - how to use if effectively

[gb333]

Is SBIN 315 on daily chart makes a bearish crossover?
Plz confirm.

Gautam

 

[jayan12]

Is SBIN 315 on daily chart makes a bearish crossover?
Plz confirm.

Gautam

As per my chart bearish crossover has not happenend yet in SBIN. 3 ema and 15 ema are very close.

 

[jayan12]

Is SBIN 315 on daily chart makes a bearish crossover?
Plz confirm.

Gautam

have a look at this chart

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[Visualize]

^ It can be a add signal or maybe bearish crossover could happen. Lets wait and watch @ 3:15pm

 

[dtrtrader2]

Hi SH,

I have been reading your 315 startegy since last 7-8 days.

Can I enter short at this level around 5542 - 5536 (MINIFTY future) based on your 315 startegy?

My 3D EMA (red) is below 15D EMA and 3D EMA (red) is still touching the body of bearish candle on 28/01/2011.

Yes ideally I should have entered SHORT at 5594.

Please advise ASAP.

Thanx,
Dtrtrader2

 

[Tradewithhunter]

Hi SH,

I have been reading your 315 startegy since last 7-8 days.

Can I enter short at this level around 5542 - 5536 (MINIFTY future) based on your 315 startegy?

My 3D EMA (red) is below 15D EMA and 3D EMA (red) is still touching the body of bearish candle on 28/01/2011.

Yes ideally I should have entered SHORT at 5594.

Please advise ASAP.

Thanx,
Dtrtrader2

Hi - Please wait for a fresh signal of 315 .....

Cheers
SH

 

[jayan12]

3ema is not touching the price.. is it time to go square off short? not sure...i will wait a bit more...

 

[dtrtrader2]

Hi - Please wait for a fresh signal of 315 .....

Cheers
SH

Hi SH,

I will wait for the fresh signal.

The problem is I only have EOD data. So it is bit difficult to assume 3D EMA touching the candle during market hours.

Would you please let me know when you get fresh signal to enter?

Thanx,
dtrtrader2

 

[Tradewithhunter]

Nifty at 5550 today ..... Thats 350 points profit on first lot and 250 points profit on the second lot that was ADDED.

I am booking the first lot with 350 points profit... will continue to hold the second shorted lot.

Cheers
SH

Booked Nifty second lot at 5450 (3 EMA not touching candle) .... 350 points on second lot as well... total 700 points in this swing short :thumb:

Will re-enter now at 3 EMA touch (around 5535).

Cheers
SH

 

[trade4putuval]

Booked Nifty second lot at 5450 (3 EMA not touching candle) .... 350 points on second lot as well... total 700 points in this swing short :thumb:

Will re-enter now at 3 EMA touch (around 5535).

Cheers
SH

Hi,

First of all, my congratulation for making a very good profit in the market.:clapping:

With reference to your quote above, you say that you will enter once again around 5535. But when I see the graph, the 3 EMA of yesterday stands at 5585.

How did you derive the price of 5535? Is there any formula by which you derive this price beforehand and not at the end of the day? Or this price based on your experience in this strategy, i.e. intuition?

Honestly, this is what we need, because when the EMA is updated at EOD, the time would have become 1800 hours, after which we will not be able to do anything in the market. And by the time, the market opens the next day, the price would have reached a point where we will be in a tough situation to trade the entity.

What we need is a technique by which we can forecast the 3EMA and 15EMA value at a time, say 1525 hours to 1528 hours every day.

Thanks in advance!

Regards,
Raj