SH's 315 Strategy - how to use if effectively

[rishete]

It is not touching 15EMA yet, hence I think we should't buy at this point......Is this correct?

 

[timepass]

Yes, but nifty futures have touched 15EMA.

 

[rishete]

Nifty Future for November EOD 15 EMA value is 5214, and today 5226

 

[mangup]

As per 315 strategy, let's say we start our long position by 315 bullish crossover & exit with big diff betn 3EMA & open on one fine day. Then we re-enter again on 3EMA touch. Price again retrace down to 15 EMA touch we again add (If we r in profit) naturally not in this case.

We remain in long since our entry after 3 EMA touch, though prices have retraced much. It may be possible that this 15 EMA touch may lead to 315 Bearish crossover in coming days. Then we have to close our long position in loss & enter in short position as per the rules.

I just wanted to know, is there any parameters/observation which suggests that this short term trend is not going to sustain, possible impending top & will lead to 315 bearish crossover subsequentally.

Can we add any other technical indicator to identify the short term top for the prices at the time when prices are away from 3 EMA (where we have exited long position)?

This will help in re-entry at appropriate level (may be re-entry at 15 EMA) touch.

Kindly opine.

Regards,

mangup

 

[achopraa]

Hi All,

I have gone through all 394 pages of this Thread. Wonderful thread with best of examples.
However, my query is -
"How do we determine Opening above 3EMA?" i.e. Whenever Markets Open, at that time the 3EMA will start getting built up based on the trading values. In such cases, the 3EMA line may not be touching the Candle.

Or

Are do we check that the NIFTY FUT Opening value is greater that the 3EMA value for the Previous Day's Completed Candle?

Also, just a couple of more Q's

1. I have ODIN Diet (by ANGEL Broking). But I can view the Nifty Futures historic Data only for past couple of months (effectively since the start of the Series). How can I view past Nifty Fut. data? I am able to see the Nifty Spot data but then, we should see what we are to Trade.

2. Any website to see the live Nifty Futures Chart (Daily) with the EMA Indicators? I referred to Google Finance, ChartInk and iCharts, but none of them is showing LIVE data for Nifty Charts on Daily basis.

Thanks,
AC

 

[timepass]

Nifty Future for November EOD 15 EMA value is 5214, and today 5226

Right, my bad. But my chart shows NF Nov. future 15EMA as 5219.

 

[jramakant05]

Isn't there any single website which shows at-least Nifty Spot live chart with EMA Indicator ? kuch to Jugaad karenge, Yaar .Somebody plz Help.

 

[columbus]

Right, my bad. But my chart shows NF Nov. future 15EMA as 5219.

There is a slight difference between Nifty and Minifty charts.
chart is minifty chart.

 

[timepass]

There is a slight difference between Nifty and Minifty charts.
chart is minifty chart.

Indeed !!!

 

[krist]

Isn't there any single website which shows at-least Nifty Spot live chart with EMA Indicator ? kuch to Jugaad karenge, Yaar .Somebody plz Help.

Just open an account with Sharekhan and start using Trade Tiger.
You will get charts for this strategy.