SH's 315 Strategy - how to use if effectively

[msa5678]

^^ Thanks. One Question - How did you get to the figure 5468?

I had read in yesterday's posts by one of the
forum members that if NF closes above 5468, then
it will be a bullish crossover. But now I made my
calculations which are as follows:

NF Open = 5516.35
NF High = 5542.1
NF Low = 5515


Based on the above if NF Closes above 5462
Then 3EMA will be 5452 and 15EMA will be 5451
In such a situation It is a Buy Call for 315 strategy.

I hope the above clarifies the situation.

 

[Visualize]

Today's candle is not touching 3ema, probably a sign of overbought.

 

[VJAY]

You posted @ 07:35 AM that is quiet early

we can calculate crossover before day start ...after eod ...I allready given excell to calculate it....

 

[crusader]

^^ Can you point me to the xcel sheet? Thanks!!!

 

[Fxtrad]

what should we do today ? if we consider cross we will have to take loss for the 4 th time in row and as candle is not touching 3 ema price may come down tommorow and will lead to the 5 th wipshaw again. pls guide.

 

[kittty]

overbrought + buy signal = ???

 

[sanjeevbhatia]

overbrought + buy signal = ???

OVERBOUGHT + BUY = SKIP THE TRADE.....

 

[Fxtrad]

kitty what do u think we shud take this crossover now or wait for tommorow!

 

[kittty]

very confused.... not reversed

Nifty Future daily candlestick touched 50 ema

 

[pundit]

As per rule, at the point candle not toching 3 ema we must exit ......If again at 3:25 it touches again then we take fresh postion.