| View previous topic :: View next topic |
| Author |
Modified 315 Strategy for swing trading |
solanki
White Belt
Joined: 12 Feb 2007
Posts: 155
|
Post: #31  Posted: Mon Apr 14, 2014 10:17 am Post subject: |
 |
|
| solanki wrote: | | solanki wrote: | | solanki wrote: | | solanki wrote: | | solanki wrote: | | SOME EOD DAILY AND INTRADAY 20 MINI TF CHARTS FOR STUDY |
|
|
|
|
[Content Removed by Admin] |
|
| Back to top |
|
 |
|
|
|
solanki
White Belt
Joined: 12 Feb 2007
Posts: 155
|
| Post: #32 Posted: Mon Apr 14, 2014 10:18 am Post subject: |
|
|
| solanki wrote: | | solanki wrote: | | solanki wrote: | | solanki wrote: | | solanki wrote: | | solanki wrote: | | SOME EOD DAILY AND INTRADAY 20 MINI TF CHARTS FOR STUDY |
|
|
|
|
|
[Content Removed by Admin] |
|
| Back to top |
|
|
solanki
White Belt
Joined: 12 Feb 2007
Posts: 155
|
| Post: #33 Posted: Mon Apr 14, 2014 10:19 am Post subject: |
|
|
| TECHM F DAILY |
|
| Back to top |
|
|
solanki
White Belt
Joined: 12 Feb 2007
Posts: 155
|
| Post: #34 Posted: Mon Apr 14, 2014 10:19 am Post subject: |
|
|
PNB DAILY
[Content Removed by Admin] |
|
| Back to top |
|
|
solanki
White Belt
Joined: 12 Feb 2007
Posts: 155
|
| Post: #35 Posted: Mon Apr 14, 2014 10:20 am Post subject: |
|
|
PNB F TF 20 MINI
[Content Removed by Admin] |
|
| Back to top |
|
|
solanki
White Belt
Joined: 12 Feb 2007
Posts: 155
|
| Post: #36 Posted: Mon Apr 14, 2014 10:21 am Post subject: |
|
|
YESBANK F DAILY
[Content Removed by Admin] |
|
| Back to top |
|
|
solanki
White Belt
Joined: 12 Feb 2007
Posts: 155
|
| Post: #37 Posted: Mon Apr 14, 2014 10:22 am Post subject: |
|
|
YESBANK F 20MINI TF
[Content Removed by Admin] |
|
| Back to top |
|
|
bhalchandra7117
White Belt
Joined: 16 Jan 2010
Posts: 71
|
| Post: #38 Posted: Mon Apr 14, 2014 7:44 pm Post subject: |
|
|
Dear welgro,
Very Good initiative, Your idea looks very good and works very well for Positional Trade.
All the BEST keep posting.
----- Bhalchandra |
|
| Back to top |
|
|
prst
White Belt
Joined: 24 Sep 2011
Posts: 87
|
| Post: #39 Posted: Mon Apr 14, 2014 8:02 pm Post subject: Re: Modified 315 Strategy for swing trading |
|
|
hi,
please give credit to the person who originally started the 315 strategy thread , at least by mentioning his name.
| welgro wrote: |
[Content Removed by Admin]
The first step is to understand what is 315 .. its advatages and disadvantages.
The second step is to understand some rules I have derived to use it effectively. Rules are related to effective entries, effective SL management, effective profit bookings, effective re-entries and in the end effective money management or effective safeguarding the capital.
In this post I would focus on step 1 i.e what is 315 etc.
315 Strategy for swing trading
315 is a simple swing technique which tries to identify a trend very early. In this strategy we use only EMAs name EMA 3 & EMA 15 (hence the name 315).
People ask me why EMA 3 and EMA 15 .... for me last 3 days define the immediate average price ... to find the slightly longer term trend i use the factor of 5. This is becuase 5 has an interesting relevance to markets.... we have approx 5 hours of trading everyday, 5 trading days in a week, almost 5 trading weeks in a month .... So I simply multiple 3 by 5 to get my 15 EMA which defines my medium term average price.
Now in simple terms, if our immediate average price is higher than the medium term average price that means we are entering in a bull swing ... and visa versa. Hence the strategy entries are:
We are using Total 3 Moving averages :-
Ema 15 based on High.
Ema 15 based on Low.
Ema 3 based on close.(signal line)
1 Enter Long when 3 EMA goes above 15 EMA (High)
2 Enter Short when 3 EMA goes below 15 EMA (Low)
Advantages of following 315 strategy
1. A simple technique using just 2 EMAs, no other oscilattors or indicators required. NO advanced charting softwares required.
2. System is based on following the ULTIMATE indicator available i.e price action.
3. Keeps a trader in the trend, lets the full swing to complete. Never gets a trader against the trend.
4. Since we are just following price action, we dont need to worry about divergences etc.
Disadvantages of 315 Strategy
1. Works brilliantly in a trending market but can whipsaw in extremely ranging markets. However this can be overcome by certain rules and money management to be explained later in this thread.
~~~~~~~~~~~~~~~~~~~~~~~
Asper Icharts ~ java charts you cannot apply this Formula in java charts.
You can apply this setup in icharts Platinum charts. |
|
|
| Back to top |
|
|
hemant.icharts
Site Admin
Joined: 10 May 2011
Posts: 334
|
| Post: #40 Posted: Tue Apr 15, 2014 9:04 am Post subject: |
|
|
Dear Members,
Please abide by rules and regulation of forum. Please do not post charts source written on them.
Regards,
Hemant @ iCharts. |
|
| Back to top |
|
|
anand512
White Belt
Joined: 26 Jun 2009
Posts: 109
|
| Post: #41 Posted: Fri Apr 18, 2014 12:02 pm Post subject: |
|
|
Sir
Thanks for introducing 315 modified strategy
It is working better even for commodity market
There are less chances of whipshow
Pl. Explain about stop loss , target price and reentry
As per my experince 3ema is like LOC line of control
Pl. Share your valuable views
Thank you once again |
|
| Back to top |
|
|
anand512
White Belt
Joined: 26 Jun 2009
Posts: 109
|
| Post: #42 Posted: Fri Apr 18, 2014 12:44 pm Post subject: |
|
|
Welgro sir,
Pl. explain the second step :
how to use it effectively.
Rules to effective entries,
effective SL management,
effective profit bookings,
effective re-entries |
|
| Back to top |
|
|
anand512
White Belt
Joined: 26 Jun 2009
Posts: 109
|
| Post: #43 Posted: Sun Jun 15, 2014 6:19 pm Post subject: second step |
|
|
sir,
since long you have not updated the thread.
We are keenly interested in The second step i.e. to understand rules u have derived to use it effectively.
Rules are related to effective entries, effective SL management, effective profit bookings, effective re-entries and in the end effective money management or effective safeguarding the capital
Pl. share ur views at the earliest possible |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #44 Posted: Sun Jun 15, 2014 6:30 pm Post subject: |
|
|
| anand512 wrote: | Sir
Thanks for introducing 315 modified strategy
It is working better even for commodity market
There are less chances of whipshow
Pl. Explain about stop loss , target price and reentry
As per my experince 3ema is like LOC line of control
Pl. Share your valuable views
Thank you once again |
Which time frame 3 ema for equity or commodity markets |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #45 Posted: Sun Jun 15, 2014 6:34 pm Post subject: |
|
|
| anand512 wrote: | Sir
Thanks for introducing 315 modified strategy
It is working better even for commodity market
There are less chances of whipshow
Pl. Explain about stop loss , target price and reentry
As per my experince 3ema is like LOC line of control
Pl. Share your valuable views
Thank you once again |
Which time frame 3 ema for equity or commodity markets |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
