iCharts Discussions

[ajit602]

[ninjadude]

HI STEVE ON WHAT TIME FRAMES ARE U LOOKING at and recommending the entry

[stevenmat]

Daily EOD charts

[stevenmat]

Buy triggered.. now.. Bought 5800 calls at 124..

[s.muthuswamy]

Hi Steve,
At 3.26 pm, how do you say 3-15 ema crossover has taken place on eod chart(NF) when the day has not been closed by that time? Is there any method of coming to such a conclusion in advance?( in i-charts) I am very eager to know. This point has been making me worry for the past few weeks. If you tell me a method it will be helpful to all.
Thanks in advance
S.Muthuswamy.

[skd2012]

[pvramesh]

I am also confused how buy trigger can be visualised on NF Future premium 1M daily chart exactly at 15.26pm. Option charts dont show daily levels when you change TF from mnts to daily. Hence how buy signal for CE5800 can be executed? Can any body explain this please.

[skd2012]

[ninjadude]

there is crossover on nifty futures daily eod but not on the nifty CE daily eod price, couldn't price retrace to the ema 15

CE DOES NOT SHOW THE CROSSOVER BUT THE PE DOES

[ajit602]

[pvramesh]

When the topic started for 3,15 cross over trade, it was based on EOD charts. How suddenly it switched over to Nifty 1M premium chart? I think it is better somebody gives a clear picture which chart to use EOD or Premium chart 1M. This may clear confusion.

[skd2012]

Do not get confused. Take a look at this thread, the original guy wrote here.

http://www.icharts.in/forum/shs-315-strategy-positional-trades-t1552,postorder,desc,highlight,315,start,45.html

Also lot of materials available on internet. We need daily candle snap shot for taking trade as per this method.

Like all other mechanical methods, I think it has some draw backs.

Good luck.

[skd2012]

You can see approximate EMAs in close time.

One can use MS excel to get them as well.

Note, I am not endorsing this method by proving information.

[stevenmat]

@s.muthuswamy: I calculate the approximate expected closing price of nifty at that time and checks if there would be a crossover on the 315 EMA at EOD.. If it happens..it triggers the position to be taken...(in this case..buying of calls)..

@pvramesh&das : This position is taken considering the NIFTY SPOT VALUES on EOD basis..

@das : thank you for pointing out the original guy who came up with this strategy.. Since he has stopped posting i thought i'll follow.. But can highlight how this back fires? As far as i know this has a tremendous accuracy..
i've read the topic ..He gives a positional trade on a longer time frame..i only advice people to keep it for a short time frame ( less than 3 days)

[stevenmat]

target for 5800 call is 161.1

people with higher risk appetite can hold on to the calls..

Hope everyone made money overnight!

happy trading !

cheers
stevenmat