SH's 315 Strategy - how to use if effectively

[trader_boy]

Mate,

This is the strategy from what I understood and have been following:

1. What is the 3 EMA value at start of Day(Based on Y'day's close)?
2. What is the Opening Price?
3. If (3EMA Value) - (Opening Price) > (30~40), then COVER SHORTS

AC

1.taking into consideration y'days adjusted price 4811.35 ...the 3ema at strt of today (when NF @4800): 4817.82
2.todays opening price:4800
3.hence today @open
(3ema - opening price)
=4817.82-4800.00
=17.82
now since diff isnt aprrox. 40pts hence no booking!

 

[Tradewithhunter]

this morning NF opened @4800 ....so todays 3ema @open was 4817.82...which was just 18 points away ...so no booking
You have calculated the difference between todays open and yesterdays closing 3ema.
It would have been a gapdown booking opportunity if NF would have opened today in the zone 4750-4755.

just what i think.correct if wrong

Trader boy is correct ... when mkts opened today at 4800 the difference between 3 EMA and price was not compelling enough for us to book profits again...

Cheers
SH

 

[achopraa]

1.taking into consideration y'days adjusted price 4811.35 ...the 3ema at strt of today (when NF @4800): 4817.82
2.todays opening price:4800
3.hence today @open
(3ema - opening price)
=4817.82-4800.00
=17.82
now since diff isnt aprrox. 40pts hence no booking!

Trader boy is correct ... when mkts opened today at 4800 the difference between 3 EMA and price was not compelling enough for us to book profits again...

Cheers
SH

Now, this seems to be a bit confusing. I'll go point by point so correct me where I am wrong.

1. Y'day's Nifty Future Close Price was 4811.35 (Adjusted Price)
2. Y'day 3EMA price at Close was 4835.63 (Based on the above Adjusted Price)
3. Today's Nifty Open Price was 4800.
4. Today's 3EMA price at Open was 4817.81

Now, Referring to the basics: -
Tomorrow if it gaps down and we see price not touching EOD 3 EMA, it will be our 'Exit - book profits and wait' moment. Alterntaively, if it gaps down and keeps falling... we can apply the mini flow formula.. put an SL (not SAR) at open price + filter and book when we feel it has fallen enough.

Source: - http://www.traderji.com/technical-a...tegy-how-use-if-effectively-2.html#post333569

This clearly states (and that's what I have been trying to follow religiously), that today was a good Gap Down (Atleast 35 points from Y'day's 3EMA and then the mini Flow thingy...).

I am ready to face the music!!!

Meanwhile, SH can you look at my these queries -

http://www.traderji.com/technical-a...gy-how-use-if-effectively-147.html#post619503

 

[KC_novice]

Trader boy is correct ... when mkts opened today at 4800 the difference between 3 EMA and price was not compelling enough for us to book profits again...

Cheers
SH

Dear SH,

Usually when the difference between 3ema and price is more than 50 points at opening,we book profit and look for reentry... today although difference between 3 ema and price was not enough at opening it fell enough during the day to give us more than 50 points..should we not book profit..personally i exited completely but unfortunately could not reenter due to project work..Hope i get good entry tomorrow..

 

[trader_boy]

Now, this seems to be a bit confusing. I'll go point by point so correct me where I am wrong.

1. Y'day's Nifty Future Close Price was 4811.35 (Adjusted Price)
2. Y'day 3EMA price at Close was 4835.63 (Based on the above Adjusted Price)
3. Today's Nifty Open Price was 4800.
4. Today's 3EMA price at Open was 4817.81

Now, Referring to the basics: -
Tomorrow if it gaps down and we see price not touching EOD 3 EMA, it will be our 'Exit - book profits and wait' moment. Alterntaively, if it gaps down and keeps falling... we can apply the mini flow formula.. put an SL (not SAR) at open price + filter and book when we feel it has fallen enough.

Source: - http://www.traderji.com/technical-a...tegy-how-use-if-effectively-2.html#post333569

This clearly states (and that's what I have been trying to follow religiously), that today was a good Gap Down (Atleast 35 points from Y'day's 3EMA and then the mini Flow thingy...).

I am ready to face the music!!!

Meanwhile, SH can you look at my these queries -

http://www.traderji.com/technical-a...gy-how-use-if-effectively-147.html#post619503

let me make it simple for you
1)what you are doing :
calculating the diff between ystrdays 3ema and todays opening price
2)what you are supposed to do:
calculate the diff between todays opening price and todays 3ema @opning price

hope this helps!

 

[achopraa]

let me make it simple for you
1)what you are doing :
calculating the diff between ystrdays 3ema and todays opening price
2)what you are supposed to do:
calculate the diff between todays opening price and todays 3ema @opning price

hope this helps!

Mate,
Why should I refer to today's EMA when the rule says EOD EMA?
Did you read what I wrote in bold in my previous post and also the link I posted which was the initial rule set by SH.

No disrespect.

AC

 

[trader_boy]

Mate,
Why should I refer to today's EMA when the rule says EOD EMA?
Did you read what I wrote in bold in my previous post and also the link I posted which was the initial rule set by SH.

No disrespect.

AC

yea buddy ..no worries!
lets wait for SH to clarify and guide us.

 

[KC_novice]

Mate,
Why should I refer to today's EMA when the rule says EOD EMA?
Did you read what I wrote in bold in my previous post and also the link I posted which was the initial rule set by SH.

No disrespect.

AC

As per my understanding of the rule we have to compare today's EOD EMA with opening price..If one has access to real time chart then he see dynamic EOD EMA...Lets wait for SH to confirm this:thumb:

 

[achopraa]

As per my understanding of the rule we have to compare today's EOD EMA with opening price..If one has access to real time chart then he see dynamic EOD EMA...Lets wait for SH to confirm this:thumb:

Sir Ji,

As per this strategy, we DO NOT have to trade based on LIVE (REALTIME) values. Postions/Decisions are to be taken only during Opening/Closing.
That's the beaty of this system.

AC

 

[trade4joisar]

Sir Ji,

As per this strategy, we DO NOT have to trade based on LIVE (REALTIME) values. Postions/Decisions are to be taken only during Opening/Closing.
That's the beaty of this system.

AC

I don't want to be in a big discussion.

Summary.
As SH also confirmed, I will agree with trader_boy. 3 EMA @ 9:15 is more important than yesterday's 3 EMA because now you are looking @ latest 3 EMA value & based on it either exit OR stay with the trade. So for exit REALTIME is more important.

Hope you don't mind as i jump in between discussion between you & trader_boy.