Modified SH's 315 Strategy by Santhosh2010

[bunti_k23]

santoshji .. can we still use adx to remove more whispaws ...?? if we take trades only which are in trend .. then we can remove much more whispaws.. i dont know how to add images in this otherwise i would have posted some pictures..

upload on imgur.com then paste the link here....:thumb:

 

[masterstroke]

http://i.imgur.com/ajgmnol.png
http://i.imgur.com/8lynAjO.png

 

[rkkarnani]

Images courtsey masterstroke

 

[masterstroke]

thanks karnani ji.. hope santoshji will reply on this .. and i hope i have a valid point ... to make the system more smoother..

 

[Mihir Bijur]

Masterstroke

So, what condition you want to check before entering trades? Can you be a bit more specific?

 

[bunti_k23]

http://i.imgur.com/ajgmnol.png
http://i.imgur.com/8lynAjO.png

Dear master, can u explain which situation ur trying to show us on the chart

 

[masterstroke]

dear mihir and bunty... my only point is take entry only when adx is higher than 25.. then it gives confirmation of trend..thats it ..nothing else... that will remove many more whispaws....

 

[cyborg_trader]

Dear santhosh2010,

Greetings, This strategy may be invented or discovered by you :thumb:, but many years ago a Technical Analyst name Jeffrey Kennedy from Elliot Wave International was apply this in his research as he told in his tutorial videos which I saw many years back on internet. He mainly use Simple moving average(SMA) & you use Exponential moving average(EMA) that is the only differance . Google it.

This system is good in choppy but nothing special, trade this system & you may learn .

Regards

 

[SaravananKS]

Dear santhosh2010,

Greetings, This strategy may be invented or discovered by you :thumb:, but many years ago a Technical Analyst name Jeffrey Kennedy from Elliot Wave International was apply this in his research as he told in his tutorial videos which I saw many years back on internet. He mainly use Simple moving average(SMA) & you use Exponential moving average(EMA) that is the only differance . Google it.

This system is good in choppy but nothing special, trade this system & you may learn .

Regards

Thanks cyborg for Pointing some material

it is called "Moving Average Price Channel System"

in the Following Book
Spot High-Confidence Trading Opportunities Using Moving Averages

 

[masterstroke]

can santoshji add his views if we can add adx for more filtered results and making this sytem one of the best system ??