SH's 315 Strategy - how to use if effectively

[trade4putuval]

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

Regards,
Raj

Hi SH,

The graph has been updated now. This shows the candle leaving the 3 ema line. That means this was what you saw in the morning and hence exited the trade in profit.

But based on your plan, of entering a short again at 5535 (3EMA), we have opened the short position at 5535. Was this a wrong move on our part , now that the candle stick has broken away from the 3 EMA? Kindly clarify!

Based on your comments, I can decide my next plan of action tomorrow when the market opens.

Regards,
Raj

 

[DiwaliCrackers]

Hi All,

you guys are following this strategy on future charts or just normal...

 

[Nihilistic]

Dear all,

Can someone post a MetaStock and/or FCharts formula for this strategy with buy and exit signals. It would be of great help.

Regards,
Nihilistic

 

[Visualize]

Check the following scripts(Futures):

aban
acc
cnxit
dlf (quiet big gap between 3ema and price)
hcltech
hdil
herohonda(3ema=1665 cmp=1631)
infy
jswsteel
m&m
tcs

3ema is not touching the candle. Probably sign of reversal ? lets wait and watch.

 

[trade4putuval]

Hi All,

you guys are following this strategy on future charts or just normal...

Hi,

We were following SH's comments given today morning. But now we have taken the icharts premium subscription.

Looks like we have taken a wrong trade today! Do you have an otherwise opinion?

Regards,
Raj

 

[Tradewithhunter]

Hi,

We were following SH's comments given today morning. But now we have taken the icharts premium subscription.

Looks like we have taken a wrong trade today! Do you have an otherwise opinion?

Regards,
Raj

Your trade is fine ....

Cheers
SH

 

[sujittalukder]

Since I use Fcharts, I am providing you Fchart formula:
For Buy : EMA1 > EMA2 AND EMA1[1] < EMA2[1]
For Sell : EMA1 < EMA2 AND EMA1[1] > EMA2[1]

Indicator Settings: EMA1 = 3 and EMA2 = 15

regards

 

[sujittalukder]

Dear all,

Can someone post a MetaStock and/or FCharts formula for this strategy with buy and exit signals. It would be of great help.

Regards,
Nihilistic

Since I use Fcharts, I am providing you Fchart formula:
For Buy : EMA1 > EMA2 AND EMA1[1] < EMA2[1]
For Sell : EMA1 < EMA2 AND EMA1[1] > EMA2[1]

Indicator Settings: EMA1 = 3 and EMA2 = 15

regards

 

[trade4joisar]

Your trade is fine ....

Cheers
SH

Trade is fine !!! What is your rationale behind this?

I am also in same boat. But I have a doubt!
Since the candle broke the 3 EMA line, we should now wait till the candle hits the 15 EMA to initiate a fresh short. But the 15 EMA is 5707! So initiating a short at this price

 

[Tradewithhunter]

Trade is fine !!! What is your rationale behind this?

I am also in same boat. But I have a doubt!
Since the candle broke the 3 EMA line, we should now wait till the candle hits the 15 EMA to initiate a fresh short. But the 15 EMA is 5707! So initiating a short at this price

Hi - I am re-entering the shorts at 5535 which I had booked at 5450 .. whats the problem with that?

Cheers
SH