SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

Hi,

First of all, my congratulation for making a very good profit in the market.:clapping:

With reference to your quote above, you say that you will enter once again around 5535. But when I see the graph, the 3 EMA of yesterday stands at 5585.

How did you derive the price of 5535? Is there any formula by which you derive this price beforehand and not at the end of the day? Or this price based on your experience in this strategy, i.e. intuition?

Honestly, this is what we need, because when the EMA is updated at EOD, the time would have become 1800 hours, after which we will not be able to do anything in the market. And by the time, the market opens the next day, the price would have reached a point where we will be in a tough situation to trade the entity.

What we need is a technique by which we can forecast the 3EMA and 15EMA value at a time, say 1525 hours to 1528 hours every day.

Thanks in advance!

Regards,
Raj

I use Icharts premium charting service and they provide real time EOD candle so you dont have to wait for evening to the see daily candle and EMAs...

Cheers
SH

 

[trade4putuval]

Hi,

I use Icharts premium charting service and they provide real time EOD candle so you dont have to wait for evening to the see daily candle and EMAs...

Cheers
SH

Thanks for the info!

Will re-enter now at 3 EMA touch (around 5535).

Cheers
SH

So as per my understanding of your messages, today's candle is not touching the 3 EMA, so you have squared off your trade at the said price. But the 3 EMA stands at 5535 now, so if the candle touches 3 EMA at EOD, it is time to go short once again.

Correct me if I am wrong!

Thanks,
Raj

 

[Tradewithhunter]

Hi,

Thanks for the info!


So as per my understanding of your messages, today's candle is not touching the 3 EMA, so you have squared off your trade at the said price. But the 3 EMA stands at 5535 now, so if the candle touches 3 EMA at EOD, it is time to go short once again.

Correct me if I am wrong!

Thanks,
Raj

Cant correct you ..you are right!

 

[merchantp]

Thanks SH for the wonderfull technique, was short in ACC and covered today morning. Made good money... God Bless you ..

 

[trade4putuval]

Will re-enter now at 3 EMA touch (around 5535).
Cheers
SH

Hi SH,

It looks like the 3EMA has changed value in the afternoon. The price did not reach that level. Have you taken a short position near 5520 something?

Raj

 

[Tradewithhunter]

3 EMA has come down to 5533 .. if we fall more today ... 3 EMA will come down further and touch the tip of todays candle.

I will wait until tomorrow and open my shorts then ...

Cheers
SH

 

[trade4putuval]

3 EMA has come down to 5533 .. if we fall more today ... 3 EMA will come down further and touch the tip of todays candle.

I will wait until tomorrow and open my shorts then ...

Cheers
SH

Hi,

I thought so! It looks like today's candle will be a doji, but you still got an hour to go, so no conclusions now.

Anyway thanks!.

Regards,
Rajiv Putuval

 

[hawaisanjay]

SH,
It seems that for booking profit you don't wait upto 3.15pm.Whenever price not touching 3 EMA, you book profit.Is it correct?

 

[trade4joisar]

3 EMA has come down to 5533 .. if we fall more today ... 3 EMA will come down further and touch the tip of todays candle.

I will wait until tomorrow and open my shorts then ...

Cheers
SH

I short at 5535

 

[trade4putuval]

3 EMA has come down to 5533 .. if we fall more today ... 3 EMA will come down further and touch the tip of todays candle.

I will wait until tomorrow and open my shorts then ...

Cheers
SH

Hi SH,
I had placed order to sell at 5535, it got executed. Hope your chart also says so!

Regards,
Raj