SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

Funny,
Today (28-feb) I read an ad in BusinessLine selling SH315 system for Rs 2000 !

vin

Hi Vinst - that is really funny... can you provide the name and number of the person who has advertised on business line.. I will call them and ask for Royalty :rofl:

Cheers
SH

 

[helion]

Given that EMA is calculated based on current day closing price. Can someone explain how can we obtain the 3EMA price at 3.25pm on a EOD chart when the market has not even close for the day?

Regards
helion

 

[columbus]

Given that EMA is calculated based on current day closing price. Can someone explain how can we obtain the 3EMA price at 3.25pm on a EOD chart when the market has not even close for the day?

Regards
helion

If you use time frame = 1min, you will get EMA for every minute.
3EMA is average of last 3 Samples.

 

[helion]

If you use time frame = 1min, you will get EMA for every minute.
3EMA is average of last 3 Samples.

This will meant using intra-day chart. However, based on my understanding of SH315 strategy, SH advocate and always uses EOD chart for his 315 strategy. Can someone enlighten, thanks!

Regards
helion

 

[vinst]

Hi Vinst - that is really funny... can you provide the name and number of the person who has advertised on business line.. I will call them and ask for Royalty :rofl:

Cheers
SH

Please wait for a day as I do not have that info with me at present.

vin

 

[rkkarnani]

This will meant using intra-day chart. However, based on my understanding of SH315 strategy, SH advocate and always uses EOD chart for his 315 strategy. Can someone enlighten, thanks!

Regards
helion

Helion, U hv understood correctly!! SH has suggested, used , tested and advocated 315 system for EOD charts only and not intraday!!!
However one is free to experiment with any time frame, be it 1 minute or 1 hour !! It may work on some and may not work on other stocks or indices!!!

 

[helion]

Helion, U hv understood correctly!! SH has suggested, used , tested and advocated 315 system for EOD charts only and not intraday!!!
However one is free to experiment with any time frame, be it 1 minute or 1 hour !! It may work on some and may not work on other stocks or indices!!!

I have read the whole thread and this trading system really looks simple and great. However, I am confuse on how we are able to obtain the current day's EOD candle and the 3EMA when the market has not even close for the day at 3.25pm.

Appreciate if any seniors could help. Thanks!

Regards
helion

 

[helion]

I have read the whole thread and this trading system really looks simple and great. However, I am confuse on how we are able to obtain the current day's EOD candle and the 3EMA when the market has not even close for the day at 3.25pm.

Appreciate if any seniors could help. Thanks!

Regards
helion

 

[Sukhi_Aatma]

Helion, U hv understood correctly!! SH has suggested, used , tested and advocated 315 system for EOD charts only and not intraday!!!
However one is free to experiment with any time frame, be it 1 minute or 1 hour !! It may work on some and may not work on other stocks or indices!!!

@RK,

I have already had the some doubt as helion. I had posted charts and also seeked informaiton from SH.

@SH: You replied saying that we use EOD, but can you please dig in detail form me, and also pls use the example from the charts that I had posted ( just that my understanding is better with my example).

All is Well
Sukhi Aatma

 

[rkkarnani]

Helion and Sukhi, U both have a very valid query!!!! There would be occassions when it will be quiet difficult to decide at close what to do with our position.
At 3.25 or may be 3.28 the market is not closed but 'almost' closed and the 3 EMA and 15 EMA levles at that moment are there for us to see. Though it is very much possible but rare that the 3ema and 15ema would be different at 3.30!!!
Sukhi, as EOD chart considers the weighted average close and IEOD considers actual close hence the crossovers may differ in either!!! As we are to trade and decide in real time , my suggestion is best to follow IEOD charts consistently!!
I know a few friends who do not take position immediately at close but wait for next day to take or reverse a trade!!! Any system has to be adapted as per comfort level of individual trader!!!!
May be SH can throw more and direct light on your area of confusion, this is my $0.02 for what it is worth!!!