SH's 315 Strategy - how to use if effectively

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^ This is where your market correction strategy comes in

Markets world wide are going through correction.

 

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About the candle not touching part, i had asked the same question to SH in other thread and honestly i was still confused after reading his reply. These are unpredictable like the markets you cannot tell what is next but it serves as a good signal.

If you take the base ema i.e. 15 in 315 and 34 in 534 consider its direction as a trend. If its angle is quiet steep then you can chuck the current non touching candle.

Or you can always wait and watch if the second day candle open's above or below the first one.

 

[pundit]

Hi SH,

one more query....

One of the comment in the file is "3 EMA not touching candle at open price".
Till now, I was thinking it was EOD statergy & if candle is not touching in whole day then only we need to take action accordingly.
Appreciate if you can elobrate on how should we monitor the opening price & how should we react to it?

Hi,

As per 315 exit strategy we need to exit the position as soon as we find candle not touching 3 ema, so if it did not touch on opening , we need to exit immidiatly.

 

[Tradewithhunter]

Hi,

As per 315 exit strategy we need to exit the position as soon as we find candle not touching 3 ema, so if it did not touch on opening , we need to exit immidiatly.

Just to add to above, Exit only if the difference between the current price and 3 EMA is substantial (30-50 points). For anything less than that .. you can continue to hold the position without exiting.

Cheers
SH

 

[rrmhatre72]

Just to add to above, Exit only if the difference between the current price and 3 EMA is substantial (30-50 points). For anything less than that .. you can continue to hold the position without exiting.

Cheers
SH

Thanks SH,

This is the guideline I was looking for.
So in case of stocks, Can we consider 0.5% differnce to suare of position?

 

[dp33770]

WOW - a lot of scrips generated sell signal today with no buy signal on any scrip .... ! Interesting !

Cheers
SH

Hi SH,
First of all could you please tell us how you find what are the scripts generating Buy/Sell Signals. Do you monitor all of them manually or is there any formula by which you identifies the scrips.

Second almost all the stocks failed today to the SELL call except NTPC.(Is it because of such a big positive movement in the market ?)

Thanks
Deep

 

[pundit]

Just to add to above, Exit only if the difference between the current price and 3 EMA is substantial (30-50 points). For anything less than that .. you can continue to hold the position without exiting.

Cheers
SH

Thank SH for clearifying it..

 

[kaly422000]

some what proven tradehunter i have also chek it thanx .and i mised some portion of the thread. wud u pls explain for long strategy if candle not touching 3 ema by a margin then what sud be position of the candle below the 3 ema or above

 

[Visualize]

Hi SH,
First of all could you please tell us how you find what are the scripts generating Buy/Sell Signals. Do you monitor all of them manually or is there any formula by which you identifies the scrips.

Second almost all the stocks failed today to the SELL call except NTPC.(Is it because of such a big positive movement in the market ?)

Thanks
Deep

Market is in a strong uptrend look @ weekly and monthly chart.

 

[rrmhatre72]

Hi Sh,

15EMA is at 6088.
Currently market is trading below that (i.e. 6080).
Are we expecting 3EMA crossover today?