SH's 315 Strategy - how to use if effectively

[arjunking]

HI
how do you inwhich all stocks a crossover has taken?
check them individually? if yes then what all stocks?
if no then how?

 

[vinee89]

Kindly help me with this doubt.

on 17/05/11 STAR gave a buy signal(3EMA crossed 15EMA), on 18th also it was above 15EMA, but on 19th it went below. What should be done at this point.

1. Should we enter on 18/05/11 ?

 

[ravinder_1215]

Hi Vinee89,

Chart u have uploaded is showing EMA3 & EMA1 (top left side of chart)... Kindly check once again if this is EMA3 & EMA15 or EMA 3 & EMA1 chart???

Kindly help me with this doubt.

on 17/05/11 STAR gave a buy signal(3EMA crossed 15EMA), on 18th also it was above 15EMA, but on 19th it went below. What should be done at this point.

1. Should we enter on 18/05/11 ?

 

[vinee89]

@ ravinder_1215 yes i have checked the chart is correct. It has been named so because iCharts offers 3 different EMA's to be plotted.

 

[umeshmandal]

@ ravinder_1215 yes i have checked the chart is correct. It has been named so because iCharts offers 3 different EMA's to be plotted.

Ravinders observation seems to be correct... there has to be some error.
Price is sloping down , 3 EMA logically has to be below 15 EMA. If Blue is 3 EMA (considering that EMA3 is written in Blue on chart than the same is above!! I do not have STA data or would have confirmed it.
Or is it that I am making some gross error!!!

 

[gb333]

is there any stock in fut which crossed 315 today

 

[umeshmandal]

Sorry for this confusion. You are correct, the red line is ema3!!

 

[vinee89]

Ravinders observation seems to be correct... there has to be some error.
Price is sloping down , 3 EMA logically has to be below 15 EMA. If Blue is 3 EMA (considering that EMA3 is written in Blue on chart than the same is above!! I do not have STA data or would have confirmed it.
Or is it that I am making some gross error!!!

no sir red is 3 EMA and blue is 15 EMA. I am sorry for so much confusion.

 

[arjunking]

HI
first of all thanks for providing such a wonderful strategy which has good success and is easy to understand :clapping:. i read and found that you are also using icharts so wanted to know how do u get notified whenever a crossover takes place . in icharts they have option only for 5-13 ema crossover. do u check each of the stock manually or have a software for it?
Regards
Arjun

 

[anayash]

On backtesting...this strategy seems to work well even on a 30 min time frame!

Will be testing it on NIFTY in real time(paper trades of course) on a 30 min time frame tomorrow!

Of course you are going to get whipsawed on ranging days like the last three! But that's part of the strategy!

Should work well on trending days!

There is a 3 15 bearish crossover on NIFTY Spot on the last 30 min candle today i.e. 6th July!

Lets see what tomorrow has in store for us! :thumb: