SH's 315 Strategy - how to use if effectively

[umjaay]

Dear Silentarrow

From where you are getting the EOD live chart,
is it free or paid service?

I am using free EOD ichart.that I can get after 3.30 pm only.
But your chart shows 1.12 pm.

pl reply

thanks in adv

 

[Tradewithhunter]

Hi SH,
I am observing 315 on Silver charts with 3 min candles. Is it ok to take intraday trades for silver on this setup?

Regards
Krist

This is EOD strategy not intraday.

Cheers
SH

 

[silentarrow]

Dear Silentarrow

From where you are getting the EOD live chart,
is it free or paid service?

I am using free EOD ichart.that I can get after 3.30 pm only.
But your chart shows 1.12 pm.

pl reply

thanks in adv

I am using ichart premium service.

 

[silentarrow]

Well, I opened shorts today at 5904
and now I see it has already rised to 5920 .
hope it goes down tomorrow

Silentarrow

 

[silentarrow]

I am wondering if we should sell, when the candle touches 100 ema.

Uploaded with ImageShack.us

please advise.

Silentarrow

 

[vinst]

I am wondering if we should sell, when the candle touches 100 ema.

Uploaded with ImageShack.us

please advise.

Silentarrow

In 315 there is no rule saying that we should sell at touch of 100ema a this type of market conditions.

vin

 

[hawaisanjay]

SH sir how to aviod whipsaws?

 

[Tradewithhunter]

SH sir how to aviod whipsaws?

HawaiSanjay - you cant avoid a whipsaw in this strategy. This strategy is not meant to avoid whipsaws but to spot a trend early and then follow it.

Cheers
SH

 

[silentarrow]

In 315 there is no rule saying that we should sell at touch of 100ema a this type of market conditions.

vin

Actually I was thinking about the market correction thing, that SH talked about, but I am not sure.
that's the reason I was asking.

It just seems to me, that nifty would touch 100 ema and bounce back.
but, like I said , I am not sure.

Silentarrow

 

[Tradewithhunter]

Actually I was thinking about the market correction thing, that SH talked about, but I am not sure.
that's the reason I was asking.

It just seems to me, that nifty would touch 100 ema and bounce back.
but, like I said , I am not sure.

Silentarrow

Silentarrow - Based on 315 - we need to continue to hold shorts.

However personally - I would book my shorts at 100 EMA touch and wait for it to break before shorting again. If we get a rejection by 100 EMA and bounce - I will long again targetting 15 EMA like last time.

Cheers
SH