SH's 315 Strategy - how to use if effectively

[sanjeevbhatia]

Thx SH, pls reply to my previous post too.

 

[Tradewithhunter]

Hi Friends,

I am newbie in TA and need help of all seniors out there in getting the hang of this strategy. I have metastock Live and Spider EOD.

What I am going to ask is maybe very stupid but neverthles...here it goes...

My first question is regarding entry itself. As per the closing today, E15 is around 5460 and E3 is ard 5455. DO I ENTER (BE LONG) IF TOMORROW'S CLOSE IS ABOVE 5460 OR WHAT?
EOD chart is:-
View attachment 15946

Whereas the Live version is showing crossover as:-

View attachment 15947

So has it crossed over or not (I think Not). So when do I decide about entering at 3.25 as I will be getting the EOD after market close only.

Further, take the case of UNIPHOS. The eod chart is:-
View attachment 15948

What to do in such situations? The crossover is there but simultaneously the candle is not touching the 3EMA. Do we forget this trade or do we create a long position right at 9.15 am tomorrow?

I know this sounds too basic but someone please help me in understanding this. More questions following after I clear these first..

Thanks in advance.

Dear Sanjeev, I have already answered these questions in your private message. Please check your charts .. there is no 315 crossover yet.

Some of your questions have been extensively discussed and answered in the past multiple times.

Please go through the thread which should clarify most of your open questions.

Cheers
SH

 

[narengreddy]

315 crossover on nifty futures today

 

[VJAY]

Dear SH,
Today have chance of getting buy cross over........i think many waiting for entry in 315....

 

[amitraniwala]

Today Nifty Future closing above 5465.32 will generate 315 crossover....please confirm someone...

 

[sanjeevbhatia]

I think its 5460. SH, pls confirm.

 

[Tradewithhunter]

Dear SH,
Today have chance of getting buy cross over........i think many waiting for entry in 315....

Yes ..but remember ,, after a good trend comes a few whipsaws....

I will be keeping my buy positions small to start with and will increase them if the buy signal whipsaws...

NF will generate a buy if future closes above 5470 (just an estimate will have to check the charts at 3.25PM)

Cheers
SH

 

[bhurasandip]

Hai SH,
Please reply to my QUERRY which is unanswered (post no. 2272 dated 14th Feb). Waiting for ur reply

 

[krist]

Hi SH,
can I use 315 on Silver on daily TF?

Thank you.

 

[sanjeevbhatia]

does it make sense to go long in Nifty with closing levels sooo high above 15ema? Somebody pls reply