SH's 315 Strategy - how to use if effectively

[uday_in]

Despite 315 crossover, Nifty shot up 100+ just b'cos good GDP number reason?

 

[Tradewithhunter]

As expected by me and written by me on Friday, Monday has been an 'UP' day with 3 EMA getting touched by todays candle.

It was good i had just opened 50% of my shorts on Friday, which now i have as at 3.25 PM our dear 315 strategy has given a buy. Hence shorts closed at 5025 and longs created now from the same levels.

Cheers
SH

 

[mysticalrun]

respect sir...

first thx for this amazing strategy but im bit confuse tht where can i see 3 ema and 15 ema chart in intraday basis,,,,,bcoz i tries nse guide but there it shows of 27th nov ,,,so where can i see intraday chart for 3 ema and 15 ema chart,,,,i tried yahoo too but there there is no indicater of 3ema and 15 ema and second thing can i get any nifty future chart with 3ema and 15 ema indicator in whole internet..................and i today covered my 4900 put at 92 which was bought at 153,,,,,,and i but 5000 call at 156.....is it good ? and plzzzz also ealobrate candle touches 3ema.............plzzzzzzzzz

thxxx

 

[Tradewithhunter]

respect sir...

first thx for this amazing strategy but im bit confuse tht where can i see 3 ema and 15 ema chart in intraday basis,,,,,bcoz i tries nse guide but there it shows of 27th nov ,,,so where can i see intraday chart for 3 ema and 15 ema chart,,,,i tried yahoo too but there there is no indicater of 3ema and 15 ema and second thing can i get any nifty future chart with 3ema and 15 ema indicator in whole internet..................and i today covered my 4900 put at 92 which was bought at 153,,,,,,and i but 5000 call at 156.....is it good ? and plzzzz also ealobrate candle touches 3ema.............plzzzzzzzzz

thxxx

Myseticalrun,

please note:

you dont need 'intraday' charts, you need EOD charts but the charts need to be realtime i.e the current day's EOD candle should be shown on the charts.

The above can be got from online charting websites like icharts etc which is paid.

You can also try www.google.com/finance .. they offer FREE live intraday charts but dont offer real time EOD charts. But still you can get an idea based on previous days EMAs and current market price. You can also set EMAs etc real time on this site.

Other alternative is that if you are good with excel and you know the formula for calculating EMAs (google search can give you the formula) .. you can construct your own spreadsheet where you record last 15 days closing NF prices... and plug in the NF price of 3.25 and calculate both 3 EMA and 15 EMA .. and see if 3 EMA is less or more than 15 EMA.


Please read the thread from start and you will understand what i mean by 3 EMA candle touch.

Cheers
SH

 

[Tradewithhunter]

Despite 315 crossover, Nifty shot up 100+ just b'cos good GDP number reason?

Uday,

You have given the reason yourself (good GDP numbers).

In any case, dont bother about why's but what's. As traders, our focus should be 'WHAT' to do at a certain price level rather than worry about 'WHY' that price level is on the screen.

Cheers
SH

 

[mysticalrun]

sir thxxxxxxxxxxxxxxxxxx a lot.............


sir can u tell me the sl of nifty which i too bought at 5025?????????

thanks

 

[Tradewithhunter]

sir thxxxxxxxxxxxxxxxxxx a lot.............


sir can u tell me the sl of nifty which i too bought at 5025?????????

thanks

Mysticalrun ... as per 315 the SL is whenever you get a bearish crossover...

My SL for NF longs right now is 4970.

Cheers
SH

 

[mysticalrun]

thanks a lot again sir,,,,,,

but what i understant abt sl is tht we put sl there when 3 ema crossing 15 ema on tht particular day .....example i buy at 5025 now its 5090....so i placed my sl where bullish crossover makes one day before ...am i right sir? and second thing where can i see tht candle not touching 3 ema i.e. in opening ,,,in middle or last candle of day?.................

thxxxxxxx

 

[Tradewithhunter]

thanks a lot again sir,,,,,,

but what i understant abt sl is tht we put sl there when 3 ema crossing 15 ema on tht particular day .....example i buy at 5025 now its 5090....so i placed my sl where bullish crossover makes one day before ...am i right sir? and second thing where can i see tht candle not touching 3 ema i.e. in opening ,,,in middle or last candle of day?.................

thxxxxxxx

your understanding is not correct.. please read the thread from the start.

You can see the current day's real time candle on paid charting websites like Icharts.

Cheers
SH

 

[observer]

What is the reason to trade with Futures, can we not do this in cash?