SH's 315 Strategy - how to use if effectively

[tmnkin]

i am using icharts they charge 350 for cash segment and 650 for F&O but i am using only cash

 

[msri]

Dear Sir,
I am very much impressed with your EOD strategy and I have gone through your rules. I intend to follow this very soon. Please clarify my one doubt regarding 'entry' of trade. 3EMA has alreadycrossed 15EMA 4 days back and the trend is up. Can I enter the trade even after the lapse of 4 or 5 days
( i.e. in the middle of uptrend) and continue to hold the position till 3EMA line is not touching the candle? I expect a detailed reply to enable me to step into the trade.
Regards
Msri

 

[Tradewithhunter]

Dear Sir,
I am very much impressed with your EOD strategy and I have gone through your rules. I intend to follow this very soon. Please clarify my one doubt regarding 'entry' of trade. 3EMA has alreadycrossed 15EMA 4 days back and the trend is up. Can I enter the trade even after the lapse of 4 or 5 days
( i.e. in the middle of uptrend) and continue to hold the position till 3EMA line is not touching the candle? I expect a detailed reply to enable me to step into the trade.
Regards
Msri

No you should not enter in a trend after 4 days if the markets have already trended in the direction of 315. HOwever if the markets are still close to where they were when the 315 buy/sell was triggered, you can enter the markets.

Cheers
SH

 

[msri]

No you should not enter in a trend after 4 days if the markets have already trended in the direction of 315. HOwever if the markets are still close to where they were when the 315 buy/sell was triggered, you can enter the markets.

Cheers
SH

Dear Sir,
Thank you for your prompt reply and clarification. I am now fully confident to enter into a trade with your strategy.
Regards
msri

 

[nallan]

No you should not enter in a trend after 4 days if the markets have already trended in the direction of 315. HOwever if the markets are still close to where they were when the 315 buy/sell was triggered, you can enter the markets.

Cheers
SH

I am a little bit excited with the response on this thread. But i am not able to see the trend chart EOD or 315. I use indiainfoline trader terminal. can anybody help me in making it understandable?

Regards
Nath

 

[msri]

Dear Sir,
Shall we give importance to the colour of the candle when entering into a trade? For e.g. today I was about to enter into a trade (buy), with ICICI Bk. which gave a signal to enter. But I did not. Because the second candle was red in colour, whereas the first one was green. On observing historical trend I observed that after the red candle the trend changes (goes negative). Is my position/action correct? Pl reply. I use Quotetracker EOD chart for my trade.
Regards
msri

 

[gitssoft09]

excellent and throughly superb experienced knowledge, strategy and explanation. I know but not this much clear before.

 

[Tradewithhunter]

Dear Sir,
Shall we give importance to the colour of the candle when entering into a trade? For e.g. today I was about to enter into a trade (buy), with ICICI Bk. which gave a signal to enter. But I did not. Because the second candle was red in colour, whereas the first one was green. On observing historical trend I observed that after the red candle the trend changes (goes negative). Is my position/action correct? Pl reply. I use Quotetracker EOD chart for my trade.
Regards
msri

Colour of candle doesnt matter.

 

[Best of Luck]

Anybody tried fine tuning 315 for Intraday ? any other combination ? Time frame - 5-10-15 or hourly ?
wish to hear soon
Best of luck.

 

[pundit]

On 26th candle is not touching 3 ema hope we have exited and on 27th long re-entered at
5307