SH's 315 Strategy - how to use if effectively

[dtrtrader2]

I use Icharts premium charting service and they provide real time EOD candle so you dont have to wait for evening to the see daily candle and EMAs...

Cheers
SH

Hi SH,

I have following queries:-

1) What EMA are you using on iCharts (Intraday Premium) that will determine equivalent to 3D EMA and 15D EMA price to 315 startegy? On EOD chart it shows different levels for 3D EMA and 15D EMA.

2) What time frame (e.g. 5 min, 10 min..,) of intraday chart to refer on iCharts?

Please advice.

Regards,
dtrtrader2

 

[trade4putuval]

Post deleted!

 

[jayan12]

Hi SH,

I have following queries:-

1) What EMA are you using on iCharts (Intraday Premium) that will determine equivalent to 3D EMA and 15D EMA price to 315 startegy? On EOD chart it shows different levels for 3D EMA and 15D EMA.

2) What time frame (e.g. 5 min, 10 min..,) of intraday chart to refer on iCharts?

Please advice.

Regards,
dtrtrader2

315 startegy is based on daily chart.. choose 3 ema and 15 ema in icharts...

 

[gb333]

can I short RIL at 15 EMA touch>

 

[merchantp]

can I short RIL at 15 EMA touch>

Based on the 315 I think one can short reliance. But pls follow the rule properly. The candle body should break previous day lows based on SH's modification to rule.

So if reliance touches 15 ema, make sure to short only once it breaks previous days lows intraday. Senior member's or SH let me know if you are thinking otherwise.

Regards,
merchant

 

[DiwaliCrackers]

Today TCS bullish as per 3-15 ....any body entered...

 

[dtrtrader2]

315 startegy is based on daily chart.. choose 3 ema and 15 ema in icharts...

Hi Jayan12,

I know 315 applied to EOD, but SH told he enters into trade using iCharts, as he can not wait till EOD and just loose his level for entry or exit.

SH,

Can you please answer my above 2 queries?

Thanks,
dtrtrader2

 

[lvgandhi]

quote
====
Supposing you are a Nifty trader and looking for free Nifty Futures Real time Chart, the following link may be of help to you:

http://www.marketcalls.in/analysis/free-nifty-futures-realtime-charts-in-metatrader-platform.html
===========
unquote

courtesy Jayakrishnan in techinvestor

 

[Tradewithhunter]

Hi Jayan12,

I know 315 applied to EOD, but SH told he enters into trade using iCharts, as he can not wait till EOD and just loose his level for entry or exit.

SH,

Can you please answer my above 2 queries?

Thanks,
dtrtrader2

I use 3 EMA and 15 EMA .....

you dont need to look at intraday timeframes..... you just need to look at daily timeframe.

The positions are enetered at 3.25 PM (just before the EOD candle closes). Icharts provide real time EOD candle....

Cheers
SH

 

[Tradewithhunter]

Quick update on current 315 trade on Nifty

7th Jan - Short at 5905 (original short at 315 bearish crossover)
25th Jan - ADD Short at 5790 (15 EMA touch)
31st Jan - Book profit at 5475 (3 EMA not touching)
31st Jan - Short both lots again at 5535 (3 EMA touch .. though 3 EMA moved up .. please see previous post)

Nifty is now at 5387 ...

It means first lot in 518 points profit .. and second lot in 403 points profit (both notional as still not booked). So total 920 points profit.....

We have already booked 120 points already (60 points x 2 lots) due to 3 EMA rule.

315 rules !!!!! :thumb:

Cheers
SH