SH's 315 Strategy - how to use if effectively

[pundit]

Dear SH,
Kindly highlight the 3EMA touching the candles at various places as I am confused with it. i.e. the significance of touching (a) body, (b) away from the body, (c) lower tail, (d) upper tail, (e) penetrated in the body. Which part of the body is more significant technically?
Regards
msri

Dear Msri,
candle touching 3ema means its just touching doesn't matter from which part..

Dear SH ji kindly correct if I am wrong.

 

[vikas2659]

Dear sir,
Thanx for giving us such a wonderful stgy..More than that u r kind enough to reply to same type of question by various readers.. i found that the thread is too long & u pasted sum of ur best pages right on the first page itself... i wud suggest you to paste the link of sum of common queries also (Like FAQ)..this shall reduce alot of ur botheration...

Again sir, i m bothering u...i exited my nifty shorts today@ 5009, since price was away from 3 ema ( at the time of exiting 3ema reading was 5061).. suppose this level is nt touched in next 3 days & nifty drifts down further..
1. will i b out of trade....or
2. i will reenter breaking 2days low of candle..
Also after 3 days ,chart will show bar is touching 3 ema beacuse 3 ema will go dn ( if nifty drifts dn) bt it may actually happen that my re-entry level( 5061) is not touched at all....
May b sir u must have replied to this question earlier...bt i cud nt trace d answer.. pl guide us...Humbly requested...
Thanx..
Vikas

 

[msri]

Dear Msri,
candle touching 3ema means its just touching doesn't matter from which part..

Dear SH ji kindly correct if I am wrong.

Dear Pundit sir,
Thank you for the response. However your reply is superficial in the sense that most of the posts refer 3EMA line touching the candle use the word "body". As such there must be some significance in touching the candle at various points as mentioned in my previous post. Dear SH sir, pl. clarify the position, so that it may be beneficial to all
Regards
msri

 

[Tradewithhunter]

Dear sir,
Thanx for giving us such a wonderful stgy..More than that u r kind enough to reply to same type of question by various readers.. i found that the thread is too long & u pasted sum of ur best pages right on the first page itself... i wud suggest you to paste the link of sum of common queries also (Like FAQ)..this shall reduce alot of ur botheration...

Again sir, i m bothering u...i exited my nifty shorts today@ 5209, since price was away from 3 ema ( at the time of exiting 3ema reading was 5061).. suppose this level is nt touched in next 3 days & nifty drifts down further..
1. will i b out of trade....or
2. i will reenter breaking 2days low of candle..
Also after 3 days ,chart will show bar is touching 3 ema beacuse 3 ema will go dn ( if nifty drifts dn) bt it may actually happen that my re-entry level( 5061) is not touched at all....
May b sir u must have replied to this question earlier...bt i cud nt trace d answer.. pl guide us...Humbly requested...
Thanx..
Vikas

Dear Vikas - Yes you will be out of trade if that happens and its possible that the 3 EMA touch happens below your exit levels of 5209 .. that happens in an 'extreme' trending move which happens only 10% of the times. Rest 90% of the times you will get an entry above 5209.

So you need to weigh the risk and reward of exiting when 3 EMA is not touched. Sometimes you will be able to get back into the trend at a better price and sometimes as worse.

I usually dont enter at previous day's low break or something, I patiently wait for 3 EMA touch no matter if I get a better or worse price to re-enter.

Cheers
SH

 

[Tradewithhunter]

Dear Pundit sir,
Thank you for the response. However your reply is superficial in the sense that most of the posts refer 3EMA line touching the candle use the word "body". As such there must be some significance in touching the candle at various points as mentioned in my previous post. Dear SH sir, pl. clarify the position, so that it may be beneficial to all
Regards
msri

MSRI - I agree with Pundit's response.

Cheers
SH

 

[vikas2659]

Just for other readers...pl read 5209 as 5009...in "Quote" & Reply of SH sir in post no.1183..Vikas ..

 

[prabit]

dear friends,
I am a newbie. I find many members are confused about booking profit at 3ema not touching and reentering. It is little tricky ofcourse. My suggestion is instead wait for next crossover. Once you are little seasoned and made some profit, then you can go for it. Otherwise you should have realtime dynamic chart where realtime ema will be shown.

 

[vinst]

Banknifty futures gave buy signal today

vin

 

[Tradewithhunter]

Banknifty futures gave buy signal today

vin

Nifty sell holds valid, 15 EMA kiss on Monday was a good 'add' point.

Cheers
SH

 

[VJAY]

Dear TWH,
reliance triggered buy on 10th then on 11 th 3ema not touched so eod covered it...it in loss....can we take these type of trades ...though today we could enter in low price
asking for confirming..( my trades are all papertrades...except options)
Am papertrading 6scrips...on 10th am out of bnf trades which is not performing well and entered in RIL..as per your portfolio method...now my PF had short in NF,dlf,relcap,unitech,acc & long in RIL now......but these all are papertrades...if entered with fund them am a WINNER