SH's 315 Strategy - how to use if effectively

[trade4joisar]

NF longs still survive.

I have created some space in my PM box.

Cheers
SH

I have already put the same in 315 thread. Can you analyze our finding & give your expert views.

http://www.traderji.com/technical-a...gy-how-use-if-effectively-237.html#post526422

 

[sanjeevbhatia]

if close below 5447 then position reverse to short.....

I am getting the value of 15ema as 5475.91 and 3EMA as 5489. Longs still holding.

Where did u get this value of 5447?

 

[Visualize]

Hello SH,
This is our view. Seniors, please give your opinion on this.
I am using iChart with MACD, STS indicator (stochastic).

STS indicator has given sell signal at 6264 then 6046 & now it gave yesterday. Same where 315 has given signal next day.

Can you look it from your experienced eyes?

It will be really great if we can get something like this to enter with 315 supports (there are already too many news to support this downfall). :thumb:

Please find attached the chart for nifty. Same can be seen for banknifty as well.

http://img823.imageshack.us/i/nifty1m.png/

Stochastic is opposite of 315 and it is not so effective with it, IMHO. If you want to trade as per 315 then be naive and trade without indicators.

You will always notice that stochastic is giving sell signal when 315 is bullish but when stoch stays in the overbought/sold zone for more then 5 bars it means that the market is in strong trend. In my opinion one could use this indicator to exit trades but at the same time a strong trend might go out of hand.

Check the screenshot below:

1. Strong uptrend (stoch is overbought all the time)

2. Sideways market (stoch is doing good)

3. Strong downtrend. (stoch oversold)

The whips could have been avoided with the use of stoch but who cares when one successful 315 signal can cover losses of few whips.

I like the buy sell signal of stochastic in your chart but still 315 + stoch = confusion

 

[Visualize]

I am getting the value of 15ema as 5475.91 and 3EMA as 5489. Longs still holding.

Where did u get this value of 5447?

5447 is the price below which bearish crossover would have happened.

 

[trade4putuval]

Stochastic is opposite of 315 and it is not so effective with it, IMHO. If you want to trade as per 315 then be naive and trade without indicators.
.....
I like the buy sell signal of stochastic in your chart but still 315 + stoch = confusion

Hi, Please refer to the chart in Joisar's post http://www.traderji.com/technical-a...gy-how-use-if-effectively-237.html#post526422. The settings on your system and the settings on the image sent by joisar looks different. Your settings might not work, but if you see his settings, it is working to the T with 315 strategy.

The sell indicator was displayed only when the 3ema crossed 15 ema. It has something to do with the settings on your system and Joisar's system.

Regards,

 

[Visualize]

^ My Stoch period is 15 and his is 14 it is like EMA 315 and 534.

Are you referring to today's sell signal in his chart ?

Signals in his chart look pretty with those buy and sell arrows. Things look so easy on charts but that are very different in real life. Neways once the markets starts trending one by one all the indicators will start signaling.

 

[trade4joisar]

Thanks Visualize & Putuval.

This was my view.

I am a fan of 315 strategy :thumb:, so just finding other signals which can support 315 trend. And from last 2 days 3 & 15 ema are running parallel, and also do not have good news around.

Then i got this, just thought to share with you people !!!

 

[sanjeevbhatia]

5447 is the price below which bearish crossover would have happened.

How Come I am getting these values folks (3EMA =5489.4 and 15EMA = 5475.9)? Where am I going wrong?

Amibroker daily chart enclosed for NF.

pls confirm

 

[columbus]

As per TradeTiger these values at 3.30.
I am highly doubtful about 5489, because EMA3 can not be higher than
candle value itself.

 

[columbus]

How Come I am getting these values folks (3EMA =5489.4 and 15EMA = 5475.9)? Where am I going wrong?

Amibroker daily chart enclosed for NF.

pls confirm

Y-axis is thoroughly screwed-up.