Dear all,
I am trying to use SH's 315 system to trade NF. Today, at EOD nifty spot ema3 was at 5743.7 and ema 15 was at 5750.8. One is short at this time.
What does the EOD data qualify for?
Since the difference between ema3 and ema 15 is only 7.1, does one add to the short position or wait for the crossover to go long ?
In fact the system is very good when there are clear crossovers but on days like today one gets confused a bit. Incidentally, I have been taking position on next day after getting the signal since I can access EOD data only at 4.30 pm.
There are a lot of members who are following this method. I will be grateful if members give me advice on this.
Thanks and regards,
gmt900
I am trying to use SH's 315 system to trade NF. Today, at EOD nifty spot ema3 was at 5743.7 and ema 15 was at 5750.8. One is short at this time.
What does the EOD data qualify for?
Since the difference between ema3 and ema 15 is only 7.1, does one add to the short position or wait for the crossover to go long ?
In fact the system is very good when there are clear crossovers but on days like today one gets confused a bit. Incidentally, I have been taking position on next day after getting the signal since I can access EOD data only at 4.30 pm.
There are a lot of members who are following this method. I will be grateful if members give me advice on this.
Thanks and regards,
gmt900