SH's 315 Strategy - how to use if effectively

[raj_usb]

Hi SH,
Have a look at Nickel chart, buy generated at 855.8 and still up and up and up...now 1204. How to handle such situation? As per 534 we wud hv exited @941 and wud hv missed rally upto 1204. Waiting for suggestions.

Thks.

-Raj

 

[Tradewithhunter]

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

Yes you are correct.

Cheers
SH

 

[Tradewithhunter]

Hi SH,
Have a look at Nickel chart, buy generated at 855.8 and still up and up and up...now 1204. How to handle such situation? As per 534 we wud hv exited @941 and wud hv missed rally upto 1204. Waiting for suggestions.

Thks.

-Raj

Raj - as per 534 I would have held until opposite crossover happens. 10% profit booking is completely arbitrary as I told you earlier.

You can chose to follow 10% profit booking rule, or chose to ride the entire trend and exit when opposite crossover happens. Both have pros and cons and the choice is yours.

Cheers
SH

 

[sujittalukder]

Spot on Sujit - I am long now too.

If it whipsaws again .. i will go short again with a bigger position size.

Cheers
SH

Today again short signal generated. SH, have you gone with bigger size? I couldnot due to non avalability of margin?
regards
Sujit

 

[pundit]

Long closed at 5260 short initiated at 5220..

Dear SH ji kindly comment..

Till now 30 point + brokerage loss from whipsaws.

 

[arti]

Y'day as per this strategy,let say we shorted around 5220,now today candle opened green and was not touching 3EMA.As per this strategy we exit if candle not touching 3ema.In this case what we should do?

Long closed at 5260 short initiated at 5220..

Dear SH ji kindly comment..

Till now 30 point + brokerage loss from whipsaws.

 

[eevra]

As per my of understanding of SH's 313 strategy:

- you enter ( long if ema3 is above ema 15 and rising & short if ema3 below 1ema15 and lowering ) when the price touches ema 3 ( on EOD chart ), preferably at 325 pm . ( You may play in between now & eod only to grab / lose a few points until then ).

 

[observer]

Will nifty whipsaw again ?:annoyed:

 

[nifty]

Hello,

I request to all of them who is following this strategy to share their experience.
Like profit , draw down.

Happy Trading...

 

[nifty]

Hello,

I am trading in nifty from last 2 years. I have earned some money last year now I want to purchase few software or want to join service which will provide me data for back testing.

Can anyone of you expert can suggest me what kind of service shall I join which will provide me intra day information for back testing of 315 as well as few intra day trading system.

I know I shouldn't have post this query here but I didn't get enough information in the respective section of forum.


Happy Trading..