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.