SH's 315 Strategy - how to use if effectively

M

msa5678

Well-Known Member
#2,931
#2,931
stocks.murtaza said:
30 candles .. is the general view .. 3 candles of the EOD and the 15ema

BUT my understanding was when something works on EOD .. same logic should work on other time frames too and therefore I am following now live on the thread ...

results have not been backtested ...

:)
Click to expand...
Now I understand your excitement about the
issue...

The 15EMA is now @ 5520 and the close near
to 5440, So I understand that 80 points need
to be covered in the next 3 candles.

Pls. Correct me if I am wrong.

Is it not same like u are playing the
last over and u need to hit 50 runs.
 
R

rkkarnani

Well-Known Member
#2,934
#2,934
msa5678 said:
Now I understand your excitement about the
issue...

The 15EMA is now @ 5520 and the close near
to 5440, So I understand that 80 points need
to be covered in the next 3 candles.

Pls. Correct me if I am wrong.

Is it not same like u are playing the
last over and u need to hit 50 runs.
Click to expand...
MSA, Its not a simple Maths of plus minus, as new bars are formed, the EMA value may increase or decrease hence we cannot just take the difference of EMA value and closing price to say that a 80 point move will do it... it can be 100 or maybe just 60 points move!! Both EMA and Price are dynamic hence this situation.
 
gauharjk

gauharjk

Well-Known Member
#2,936
#2,936
@SH,
I missed the reentry into shorts today... Would it be feasible to reenter tomorrow? Please advise.
 
looser

looser

Active Member
#2,938
#2,938
stocks.murtaza said:
30 candles .. is the general view .. 3 candles of the EOD and the 15ema

BUT my understanding was when something works on EOD .. same logic should work on other time frames too and therefore I am following now live on the thread ...

results have not been backtested ...

:)
Click to expand...
SM are u applying 315 to hourly charts?
 
C

chinmay555

Active Member
#2,939
#2,939
Sir,
the charts above show 5, 13 as EMAs but i got simila chart for 3, 15 also
what is the meaning of above line ? & 3,15 stratagy, can i use for intraday

best regards
chinmay
 
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