SH's 315 Strategy - how to use if effectively

[pundit]

I dont understand how you went long.
I mean the last signal was a sell signal and a buy signal is yet to come, at least according to the charts, I am watching.

Here's the chart I am watching:


please let me know, where I am going wrong.

Regards,
Silentarrow

Dear Silentarrow,
Long was taken based on SH's market correction prediction strategy, pls see post #1796 of this thread.

 

[silentarrow]

Dear Silentarrow,
Long was taken based on SH's market correction prediction strategy, pls see post #1796 of this thread.

Aha! so that's why.
Thanks for explaining.

Silentarrow

 

[Tradewithhunter]

OK guys - longs in 140 points profit. 15 EMA is around 5960.

I will book at around 5950-5960 and try short there based on 315 rules :thumb:

Cheers
SH

Booked longs at 5960 - nice 150 points profit.

Now back in shorts based on 315 rules.

Cheers
SH

 

[amitroy75]

Booked longs at 5960 - nice 150 points profit.

Now back in shorts based on 315 rules.

Cheers
SH

Hi SH

Have been going through your strategy and have a few queries (considering am a novice in TA )

- Understood your long call as it had touched 100 ema eod
- Also undertand that as per market prediction strategy 15 ema is being touched at 5960 eod
- butnot able to understand why open short as per 315 strategy? and also it is not based on eod?

Would be glad if you could highlight on the same

thanks & regards

Amit

 

[silentarrow]

I dont understand how you entered shorts again as I dont see a sell signal.
And second, didnt you tell us to wait till just before market closing to get in the trade?

please tell me what am I missing.

Silentarrow

 

[msrajendran]

dear S H all are waiting for strategy sir ,Thankyou

 

[Tradewithhunter]

dear S H all are waiting for strategy sir ,Thankyou

Hi - What are you waiting for ? I have already posted 2 swing trade strategies and 1 intraday strategy

SH

 

[Tradewithhunter]

Hi SH

Have been going through your strategy and have a few queries (considering am a novice in TA )

- Understood your long call as it had touched 100 ema eod
- Also undertand that as per market prediction strategy 15 ema is being touched at 5960 eod
- butnot able to understand why open short as per 315 strategy? and also it is not based on eod?

Would be glad if you could highlight on the same

thanks & regards

Amit

Amit - I was originally short based on 315 sell signal ... I was short from 6095 odd levels.

I booked those shorts at 100 EMA touch and opened longs around 5820 levels...

Now NF touched 15 EMA and I closed my longs at 5960 - please note these longs were not based on 315 strategy but my 100 EMA support theory.

Now at 15 EMA ... I was positionless... no shorts or no longs.

Based on 315 strategy - I should have been short right now (since 315 is still in sell mode) and 15 EMA retest is the point where we ADD more shorts. Since I was positionless, I opened shorts again based on the ADD point. If markets go up now and 315 gives a buy signal, I will follow 315 again and open longs.

Hope this explains ... basically i am trading two strategies together (one was in sell mode and other was in buy mode) hence its slightly confusing.. but hope now it is clear.

Cheers
SH

 

[amitroy75]

Amit - I was originally short based on 315 sell signal ... I was short from 6095 odd levels.

I booked those shorts at 100 EMA touch and opened longs around 5820 levels...

Now NF touched 15 EMA and I closed my longs at 5960 - please note these longs were not based on 315 strategy but my 100 EMA support theory.

Now at 15 EMA ... I was positionless... no shorts or no longs.

Based on 315 strategy - I should have been short right now (since 315 is still in sell mode) and 15 EMA retest is the point where we ADD more shorts. Since I was positionless, I opened shorts again based on the ADD point. If markets go up now and 315 gives a buy signal, I will follow 315 again and open longs.

Hope this explains ... basically i am trading two strategies together (one was in sell mode and other was in buy mode) hence its slightly confusing.. but hope now it is clear.

Cheers
SH

SH

Got it, thanx :thumb:

regards

 

[silentarrow]

Amit - I was originally short based on 315 sell signal ... I was short from 6095 odd levels.

I booked those shorts at 100 EMA touch and opened longs around 5820 levels...

Now NF touched 15 EMA and I closed my longs at 5960 - please note these longs were not based on 315 strategy but my 100 EMA support theory.

Now at 15 EMA ... I was positionless... no shorts or no longs.

Based on 315 strategy - I should have been short right now (since 315 is still in sell mode) and 15 EMA retest is the point where we ADD more shorts. Since I was positionless, I opened shorts again based on the ADD point. If markets go up now and 315 gives a buy signal, I will follow 315 again and open longs.

Hope this explains ... basically i am trading two strategies together (one was in sell mode and other was in buy mode) hence its slightly confusing.. but hope now it is clear.

Cheers
SH

Aha! That makes so much sense now.
Thanks for explaining.

Silentarrow