SH's 315 Strategy - how to use if effectively

[classy]

i am new here TA world any one plz help me to find this nice afl .thanks

 

[Tradewithhunter]

Nifty at 4920 .. thats another 145 points profit :lol:

I have booked 50% profits and will carry rest 50% to tomorrow.

Cheers
SH

closed all my shorts today around 4850.... will go short again at 15 EMA touch only (exit is not based on any rule defined by me in 315 - its beyond 315).

I would like to believe that the bottom is close now and NF should retest 5100-5300 again in coming months...only charts will tell though...

I will be a big buyer on the next buy signal !

Cheers
SH

 

[mysticalrun]

closed all my shorts today around 4850.... will go short again at 15 EMA touch only (exit is not based on any rule defined by me in 315 - its beyond 315).

I would like to believe that the bottom is close now and NF should retest 5100-5300 again in coming months...only charts will tell though...

I will be a big buyer on the next buy signal !

Cheers
SH

SIr,

if you teach us something about " beyond 315" then it will be very greatful.

 

[pundit]

closed all my shorts today around 4850.... will go short again at 15 EMA touch only (exit is not based on any rule defined by me in 315 - its beyond 315).

I would like to believe that the bottom is close now and NF should retest 5100-5300 again in coming months...only charts will tell though...

I will be a big buyer on the next buy signal !

Cheers
SH

Nice Analysis

 

[sk_cbe]

Very nice technical works superb

 

[sk_cbe]

How you go short if 15 EMA touches again?

 

[akshah]

Hi TWH, great strategy for swings :thumb: . I am a little confused with the ADD part. You mentioned in your post that add should be done only when below 2 conditions are fulfilled:

1. 3 EMA is still below 15 EMA for shorts and visa versa AND
2. The current candle breaches previous day's lows for shorts (previous days highs for longs)

So suppose we are short and the candle now comes and touches the 15 EMA. We do not add short but wait for subsequent candle to take out low of this candle. But taking out low means we wait for the close of the subsequent day to check whether it has closed below previous candle low? Or do we add short intraday once the low of the previous candle is taken out, even if at eod the candle closes above the previous days low? Please help to clarify this aspect.

Thanks
Ash

 

[spiritunit]

akshah,

You can take fresh short positions or ADD once candles touches 15EMA when its starting fall again (for eg. on May 3rd and May 14th)

If the 3EMA crossed above the 15EMA in the coming days, you can go for LONG (for eg. April 23)

TH has to confirm!

 

[Tradewithhunter]

closed all my shorts today around 4850.... will go short again at 15 EMA touch only (exit is not based on any rule defined by me in 315 - its beyond 315).

I would like to believe that the bottom is close now and NF should retest 5100-5300 again in coming months...only charts will tell though...

I will be a big buyer on the next buy signal !

Cheers
SH

Shorted at 5037 today at 15 EMA touch .. small positions since as I said above I believe the lows are in place at 4820.

I would really like these shorts to whipsaw... I want to buy this market !

Cheers
SH

 

[Tradewithhunter]

Hi TWH, great strategy for swings :thumb: . I am a little confused with the ADD part. You mentioned in your post that add should be done only when below 2 conditions are fulfilled:

1. 3 EMA is still below 15 EMA for shorts and visa versa AND
2. The current candle breaches previous day's lows for shorts (previous days highs for longs)

So suppose we are short and the candle now comes and touches the 15 EMA. We do not add short but wait for subsequent candle to take out low of this candle. But taking out low means we wait for the close of the subsequent day to check whether it has closed below previous candle low? Or do we add short intraday once the low of the previous candle is taken out, even if at eod the candle closes above the previous days low? Please help to clarify this aspect.

Thanks
Ash

Ash - There are two approaches to ADD.

1. Aggressive method - you simply ADD at the 15 EMA touch provided your initial positions is in good profits.

2. Conservative method - is the one you have explained above. The criteria is not 'closing' below the lows of the 15 EMA retest candle but a mere breach of that candles lows

Cheers
SH