SH's 315 Strategy - how to use if effectively

[Baloon]

We cannot anticipate whether there will be a whipsaw or a genuine sell signal..

If the system has given sell signal, we must enter shorts irrespective of whether we think there will be a whipsaw or not.

NSE mumbai also in sell mode according to 315.Now ready for whipsaw...

 

[kaly422000]

sell cross over and engulfing bear candle both can be anticipated before close, so atleast stbt was there(may be risky) according to 315.

 

[tradingcues]

Hi... to all the 315 System traders.

As per 315 Strategy, the Rule for Entry states that:

(a) You wait for a candle to close above 15 EMA.
(b) Next candle to open and see if 3 EMA is above 15 EMA or not.
(c) If the answer is 'Yes' you go long. For shorts you need an exact opposite setup.

My doubt is, on the next day when the market opens, how can we determine the condition (b) in Intraday market? Also, please explain me how to see if 3EMA is above 15EMA or not, if the trading session has just started. And which time frame to be adopted for checking condition (b) in intraday scenario?

Regards.

 

[achopraa]

Hi... to all the 315 System traders.

As per 315 Strategy, the Rule for Entry states that:

(a) You wait for a candle to close above 15 EMA.
(b) Next candle to open and see if 3 EMA is above 15 EMA or not.
(c) If the answer is 'Yes' you go long. For shorts you need an exact opposite setup.

My doubt is, on the next day when the market opens, how can we determine the condition (b) in Intraday market? Also, please explain me how to see if 3EMA is above 15EMA or not, if the trading session has just started. And which time frame to be adopted for checking condition (b) in intraday scenario?

Regards.

No mate, you got it all wrong.
Where did you read these rules?

The entry criteria is 3EMA crossing 15EMA.
If crossing from Bottom to Top, Go Long
If crossing from Top to Bottom, Go Short.

Then there are various adding criterias and the Exit Criteria.

 

[blackberry]

We cannot anticipate whether there will be a whipsaw or a genuine sell signal..

If the system has given sell signal, we must enter shorts irrespective of whether we think there will be a whipsaw or not.

I appreciate your thought process.But these whipsaws eats lot of money for every technical analyst.So my theory is that when there is any turning indicator whether in macd,rsi,stoch,any MA crossover,stop trading for few days to get view

 

[tradingcues]

No mate, you got it all wrong.
Where did you read these rules?

The entry criteria is 3EMA crossing 15EMA.
If crossing from Bottom to Top, Go Long
If crossing from Top to Bottom, Go Short.

Then there are various adding criterias and the Exit Criteria.

Thnx for ur prompt reply.
This is what i cud understand from the following original post by SH

http://www.traderji.com/technical-a...tegy-how-use-if-effectively-3.html#post332954

 

[Baloon]

This system has recovered losses from whipsaws in the past by giving big profits on big trends. But the criteria is to enter on all signals given by the system..

If you add additional indicators and miss certain signals, you might miss out on one of the bigger trends.

I appreciate your thought process.But these whipsaws eats lot of money for every technical analyst.So my theory is that when there is any turning indicator whether in macd,rsi,stoch,any MA crossover,stop trading for few days to get view

 

[krishna324]

close price ..not last traded....

why closing price is different from yahoo finance? any idea..am i missing something?

 

[Tradewithhunter]

Sell signal today and shorts entered at 5155

Cheers
SH

 

[TraderRavi]

why closing price is different from yahoo finance? any idea..am i missing something?

yahoo data is for nifty spot......315 uses nifty futures..NF1..current month......