SH's 315 Strategy - how to use if effectively

[padhugvn]

hi

1.Nifty 315 EMAcrossover took place on oct 22nd eod around 4980 is it correct?


2. after these many days can u tell me how to book profits or wait for bulish crossover . can u please explain me with charts.

3. As of today 3 ema is 4663 15 ema is 4879 .. for example if tomorrow nifty crosses 3ema at 10.15 and 15 ema at 2 clock k example

wat time i have to exit is at 10 clock or 2 clock or wait till bullish crossover if it happen around 3.25.

 

[linuxguy]

hi

1.Nifty 315 EMAcrossover took place on oct 22nd eod around 4980 is it correct?

Nifty gave bearish 315 on 22 Oct. Since I havent observed intra-day charts, I cant comment at what time on 22nd we got this crossover, but from what I understand of the 315 strategy, no matter when you get 315 signal in day, u wait until end of day to see if the signal is sustained and take position accordingly.
Of course, this is what I make of it.
Let others point out if I am wrong.
Thank you.

 

[linuxguy]

I observed Intra-day charts today with Quote tracker and am confused with one thing.I was observing chart of Hyderabad Industries Ltd, and setting was
5 minutes candlestick chart with 3EMA and 15EMA.
Now on EOD charts, 3EMA is nowhere near 15 EMA for Hyderabad industries. But on Intra-day charts, I observed 3EMA crossed 15EMA twice. how is this possible? Am I going wrong in my settings or readings?

I am giving both the charts here.
Thank you.

 

[Mangafreakz]

What is your charting platform for the 2nd chart , linuxguy ? Is it Realtime ?

 

[nareshch]

Linuxguy ,

On the charts , the numerals 3 and 15 represants Periods .

So on an EOD (Daily ) Charts , 3 and 15 represants 3day and 15 day .

Whre as on Intraday chart , it defers with the time frame you set .

3 represants average of last 3 price closes on that chart ( for simple average )

So you wil have a lot of differance on Daily and intraday charts

Naresh

 

[linuxguy]

Linuxguy ,

On the charts , the numerals 3 and 15 represants Periods .

So on an EOD (Daily ) Charts , 3 and 15 represants 3day and 15 day .

Whre as on Intraday chart , it defers with the time frame you set .

3 represants average of last 3 price closes on that chart ( for simple average )

So you wil have a lot of differance on Daily and intraday charts

Naresh

So how do I take the decision?
Because from what I have understand of the 315 system, we need to take into account the 3 "day" EMA crossing 15 "day" EMA.
Can someone please explain?



@Mangafreakz:
The second chart's platform is Quotetracker which gives real time data for free from NSE site. In fact if you read one of my previous posts, you will see that I had given up on it. But just tried to set it in the weekend and got it right.

 

[spiritunit]

315 strategy is not a good indicator with intraday and for swing trading its the best I have ever seen.

 

[Tradewithhunter]

So how do I take the decision?
Because from what I have understand of the 315 system, we need to take into account the 3 "day" EMA crossing 15 "day" EMA.
Can someone please explain?
QUOTE]

Linuxguy,

Please use daily charts for 315 and not intraday charts. At 3.25 PM if you see a crossover on 'DAILY' charts.. please enter accordingly.

Cheers
SH

 

[linuxguy]

Linuxguy,

Please use daily charts for 315 and not intraday charts. At 3.25 PM if you see a crossover on 'DAILY' charts.. please enter accordingly.

Cheers
SH

Thank you sir.
Seems will have to wait some time now for next signal as most are already in downtrend.

 

[naveenvadavadagi]

Yes may be we should wait for 2 to 3 days. Please let me know how to attach charts..