SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

Will nifty whipsaw again ?:annoyed:

Chill Observer - remember, you cant control the winds..but you can adjust your sail ! :lol:

Cheers
SH

 

[arti]

SH, Waiting for reply. suppose on monday nifty canlde not touching 3ema(below it) let say at 5250or something.Should we exit? I mean what we should do when candle is not touching 3EMA but our position is in loss? PLZ do reply.

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?

 

[Tradewithhunter]

SH, Waiting for reply. suppose on monday nifty canlde not touching 3ema(below it) let say at 5250or something.Should we exit? I mean what we should do when candle is not touching 3EMA but our position is in loss? PLZ do reply.

I think I have tried answering this question a couple of times in the past, however same question means either I have not understood your question or I have not phrased my answer appropriately.

Please post a chart with this scnerio and I will answer from there.

Cheers
SH

 

[pundit]

SH, Waiting for reply. suppose on monday nifty canlde not touching 3ema(below it) let say at 5250or something.Should we exit? I mean what we should do when candle is not touching 3EMA but our position is in loss? PLZ do reply.

Yes Arti if candle is not touching 3ema then we must exit and reenter when candle touches 3ema again.

 

[vikas2659]

Dear Sir,
Read ur posts & strategy..I m attaching herewith chart with period 16feb to 26 feb in box..thats very tricky period..Many persons asked u questions on this patch..bt i dont find ur answer to them (gone thru all ur posts in feb)..
So, i m again placing d things for u to guide us STEP BY STEP for this patch only..
1.Suppose i m short on Nifty & i added d short position on 16feb(bcoz 15ema touched) & on 17 feb nifty opens gap up..wat shud we have done at opening..
(a) square off d short position at opening & WAIT TILL 3.25 PM TO ENTER FRESH POSITION.( mind it candle is away from 3ema)
OR

(b) Wait till 3.35pm to confirm crossover to square off & reverse the position ( bt this candle was away from 3ema--any special measure to b taken or wat ??? Nt clear)

2. or just squared d post on 17feb ..shud nt buy it because its a way above candle ..let d price retrace bak to 3ma on 18th to get in??/

3. On 22nd gain same situation but in reverse diration for our position (opening is away from 3ema) & again on 23rd same set of conditions disturbing our set up....pl guide us once on this rough patch...hoping for reply.

MAIN PT IS ---ENTRY & EXIT CONDITIONS ARE COINCIDING...
Thanx..
Vikas

 

[iTrade]

SH, Waiting for reply. suppose on monday nifty canlde not touching 3ema(below it) let say at 5250or something.Should we exit? I mean what we should do when candle is not touching 3EMA but our position is in loss? PLZ do reply.

SH has already answered this question sometime back. I am going through this strategy since last 2 days and have hapenned to read the answer. The answer given by SH is that if we are long, and tomorrow if market gaps down, and we see nifty candle not touching EOD 3 EMA, it will be our Exit - Take Loss- and wait moment. We will wait till 3 EMA is touching EOD candle again. When it touches 3 EMA we go short.
This explanation is when you are long and nifty gaps down. So, reverse is true for your short position. Hope I am correct SH...and I assume that we dont wait till EOD to take the loss. We take loss as soon as we see nifty candle not touching 3 EMA. Correct SH?

 

[iTrade]

Dear Sir,
Read ur posts & strategy..I m attaching herewith chart with period 16feb to 26 feb in box..thats very tricky period..Many paersons asked u questions on this patch..bt i dont find ur answer to them (gone thru all ur posts in feb)..
So, i m again placing d things for u to guide us STEP BY STEP for this patch only..
1.Suppose i m short on Nifty & i added d short position on 16feb(bcoz 15ema touched) & on 17 feb nifty opens gap up..wat shud we have done at opening..(a) square off d short position at opening
(b) and/or then wait till 3.25 to confirm crossover to square off & reverse the position ( bt this candle was away from 3ema--any special measure to b taken or wat ??? Nt clear)
2. or just squared d post on 17feb ..shud nt buy it because its a way above candle ..let d price retrace bak to 3ma on 18th to get in??/
3. On 22nd gain same situation but in reverse diration for our position (opening is away from 3ema)& again on 23rd same set of conditions disturbing our set up....pl guide us once on this rough patch...hoping for reply.
Thanx..
Vikas

Vikas - I remember SH answering a similar questions sometime back. The answer is that every strategy has some whipsaws, but we stick to the strategy. Since market was going thru tough period, it is normally an indication that it will trend strongly soon in either direction. Just follow the strategy, take small losses and be in trade so that when market starts trending you catch the bigger move quickly and dont miss it.

SH - I am just trying to tell people what you have told before. Please do correct me if I am wrong. I might have missed a thread or so before. I have not yet tried this strategy, but in the process of going through all threads. But it definitely appears to be a good strategy. Thank you for sharing it.

 

[vikas2659]

gansal..i know evry setup has sum whipsaws bt i have observed from charts(rough calculations) that few of consecutive SL's total is more than 489 pts. mulitply with 1 nifty just enough to kill anybdy who just started d game(nt d prob for those who minted money in past)..I must worry abt d capital conservation..As i m also newbie to d thread & reading d posts (more than 1100 pages) & definately i m nt confident that my knowledge is perfect on d subject..thanx for reply..waiting for SH sir to comment & quick guidance..

 

[iTrade]

gansal..i know evry setup has sum whipsaws bt i have observed from charts(rough calculations) that few of consecutive SL's total is more than 489 pts. mulitply with 1 nifty just enough to kill anybdy who just started d game(nt d prob for those who minted money in past)..I must worry abt d capital conservation..As i m also newbie to d thread & reading d posts (more than 1100 pages) & definately i m nt confident that my knowledge is perfect on d subject..thanx for reply..waiting for SH sir to comment & quick guidance..

oops! I am sorry. I understand that it is tough to trade with a system when we use for the first time. It pains more if the new system makes losses at the outset.. Lets wait for SH sir to reply..

 

[dil]

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

Try with 15 min chart... it works quite well in intraday...