SH's 315 Strategy - how to use if effectively

[spiritunit]

How about drawing trendlines breakout for exit, i.e. after taking the positions with 315 (long or short) draw a trendline and wait for the breakout of the trend to exit or ADD.

Like in the chart below, the current trend breakout is almost on 5100 upwards and in downwards it can go upto 4750 (but it varies day by day and have to check the trendlines daily) so we can expect a range between those point and breaking out those levels will break the current trend.

I know this trendline thing in not in 315 strategy, but particularly I like to add this trendlines for EXIT.

 

[Tradewithhunter]

sir my first post itself gives credit to sh

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Thanks tmnkin.

There are a lot of people who trade while in office and a lot of offices block social networking and blogging sites so it is quite possible that a lot of people miss the updates you make on your blog at 3.20 PM.

Why dont you start pasting the updates here on this thread at 3.25 PM or something ? It will really help people who cant access blogging site from office.

Cheers
SH

 

[sujittalukder]

Dear SH,

Are you long today? NF again given long signal today?
regards
Sujit

 

[gsri]

Dear Trade Hunter
In Nf even though buy signal has come, The whole candle not touching 3ema,In such a case is it better to wait for a pull back to 3ema to enter long ??

Just a doubt

Please do clarify
gsri

 

[vikas2659]

Dear Trade Hunter
In Nf even though buy signal has come, The whole candle not touching 3ema,In such a case is it better to wait for a pull back to 3ema to enter long ??

Just a doubt

Please do clarify
gsri

Dear gsri..SH sir has replied this in my query

""Originally Posted by 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 """"

Dear Vikas - on 17th Feb, you wait until 3.25PM for a confirmation of crossover, close shorts and open longs as per 315 rules. Do not apply 3 EMA rule here as 3 EMA rule is only for Exit and re-entry.
Hope this clarifies.

Cheers
SH

 

[tmnkin]

sure i will do that from monday onwards

 

[Tradewithhunter]

sure i will do that from monday onwards

Thanks tmnkin, it will be a great value add to this thread and will be so useful to all. :thumb:

Please post both 315 and 534 crossovers.

Cheers
SH

 

[pundit]

Yesterday EOD candle was not touching 3ema so did not enter long, today entered long at 5120 ...............................................

Dear SH ji kindly comment if this entry is wrong.

 

[mysticalrun]

Dear SH,


This is third time that it given another signal to buy in 5 days. now it seems that on monday it will give again another signal to sell. so in 6 trading days nifty gives 4 signals with hefty loss in nifty ,how you deal with it,


Waiting for your an answer.

 

[vinst]

Dear SH,


This is third time that it given another signal to buy in 5 days. now it seems that on monday it will give again another signal to sell. so in 6 trading days nifty gives 4 signals with hefty loss in nifty ,how you deal with it,


Waiting for your an answer.

If we adopt a way to deal with a loss, same way has to be used to deal with a profit. So, loss can be dealt with only by taking loss. There is no other way.
This system does not predict. Only the information available till present time can be used. Therefore, it is to nobody's discredit that last 1-2 signals have given loss.

regards
vin