SH's 315 Strategy - how to use if effectively

[columbus]

Is this intraday. If yes what is the time frame?

Certainly INTRADAY with lower TF.(1~3min)

 

[VJAY]

Will u plz post the chart for today.

Regards

 

[FanaticTrader]

All right frnds, we have a new potential "long" candidate

Following is Daily chart for ABAN. With all the resistance counter has been facing on 15 EMA finally gave away with super strong volumes in yesterday's session. Possible entry range for counter seems to be 606-609.

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[FanaticTrader]

All right frnds, we have a new potential "long" candidate

Following is Daily chart for ABAN. With all the resistance counter has been facing on 15 EMA finally gave away with super strong volumes in yesterday's session. Possible entry range for counter seems to be 606-609.

Uploaded with ImageShack.us

ABAN has made intraday low of 609 and has been trading consistently higher since then...over 2% up at 0950 IST

 

[kiranjakka]

here in the chart 3ema candle not touching the body means we should exit all long positions ? correct me if i am wrong

 

[pundit]

here in the chart 3ema candle not touching the body means we should exit all long positions ? correct me if i am wrong

To exit the position the whole candle must be away from 3 ema, if any part of the candle is touching 3 ema we cont. to hold our position.

 

[VJAY]

here in the chart 3ema candle not touching the body means we should exit all long positions ? correct me if i am wrong

Dear kiran,
No...thats only when price bar above 3 ema and not touching it......

 

[kaly422000]

narengreddy here is code i have done just cut-paste it and time frame is 30min[/
just rocking ur afl thanx both of u expecting more like that , may be inanother thread

 

[FanaticTrader]

ABAN has made intraday low of 609 and has been trading consistently higher since then...over 2% up at 0950 IST

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ABAN made a very smart move in yesterday's session moving up by 1.7% on closing basis. However the closing candle is not touching 3 EMA so one may exit partly from trade , say one can book 1 lot here.

 

[Fxtrad]

according to 315 we are long in nifty ?