SH's 315 Strategy - how to use if effectively

[gb333]

hi - i am re-entering the shorts at 5535 which i had booked at 5450 .. Whats the problem with that?

Cheers
sh

Can i enter fresh short again..?

 

[VJAY]

nifty bullish crossover at the end .. Right ?
Can i go long now if 3 ema is above 15 ema on 1st Feb opening trade?

:rofl:...15 ema @5707......:d
so you expecting 200+ tomorrow

 

[trade4putuval]

:rofl:...15 ema @5707......:d
so you expecting 200+ tomorrow

Hi,

That is a very rare condition. What I meant to say was that the 15 EMA is very far away from 3 EMA, so shorting when the candle touches 15 EMA is not going to happen in the near days. But SH has already shorted at a middle price. So I just wanted to know the rationale!

Raj

 

[gb333]

:rofl:...15 ema @5707......:d
so you expecting 200+ tomorrow

sorry , it was bullish cross in 30 mins chart

 

[trade4putuval]

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

Cheers
SH

Hi,

I think what *joisar is trying to find is the rationale behind your taking up a short at 5535! It could be possible that the candle leaving the 3 EMA after a long period of downside could mean a reversal pattern. *joisar, am I correct?

Raj

 

[trade4joisar]

Hi,

I think what *joisar is trying to find is the rationale behind your taking up a short at 5535! It could be possible that the candle leaving the 3 EMA after a long period of downside could mean a reversal pattern. *joisar, am I correct?

Raj

hmm, you are correct sir.:thumb:

 

[jayan12]

sorry , it was bullish cross in 30 mins chart

315 strategy is totally based on daily chart....

 

[trade4joisar]

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

Cheers
SH

You are genious. :clap:

But still i am wondering how you have done.

It seems like i will learn something new this time from SH.

 

[merchantp]

Hello trade4joisar

With whatever limited knowledge i have after reading SH's post in recent times. This is what i understand, whenever candle body is not not touching 3 ema it is time to book profit and re-enter when candle body touches 3 ema and not 15 ema. We add to our orignal position when there is a touch to 15 ema (add more i mean, in this case shorts). He has just covered and booked profits and stayed with his orignal shorts.

I dont have a icharts premium rite now, but i think 3 ema must have touched candle body intraday at 5535 and hence he has gone shorts.

Correct me if i am wrong SH.

 

[Tradewithhunter]

Hello trade4joisar

With whatever limited knowledge i have after reading SH's post in recent times. This is what i understand, whenever candle body is not not touching 3 ema it is time to book profit and re-enter when candle body touches 3 ema and not 15 ema. We add to our orignal position when there is a touch to 15 ema (add more i mean, in this case shorts). He has just covered and booked profits and stayed with his orignal shorts.

I dont have a icharts premium rite now, but i think 3 ema must have touched candle body intraday at 5535 and hence he has gone shorts.

Correct me if i am wrong SH.

Almost correct.

When I had booked shorts, 3 EMA was around 5535 and I had put a sell order at 5535. When nifty moved up towards 5535 yesterday ... 3 EMA moved further up and hence when my sell order got filled at 5535 .. 3 EMA was still not touching the candle... however thats irrelevant ....

The idea is to stay in the direction of 315 and make 50-100 points (against 315 trend) using the 3 EMA rule whenever possible...

Cheers
SH