SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

Hi,
Yesterday evening, i took my first NF trade based on this strategy. I went long in MiniNifty at 5546. Today because of the gapup and because the EOD candle was not touching 3 EMA, I squared off my position at 5581. At the time 3 EMA was at about 5522.
Let me know if my decisions have been correct. Also, with the 200 MA looming upon Nifty at around 5600, will there be any change in strategy or should I be looking to re-enter at 3 EMA touch as per original rules?
Thanks,
Amit

Absolutely correct trade .....

I am still holding longs from yesterday.

Cheers
SH

 

[kittty]

Hi SH,
am a newbie in market. thanks for giving the opprtunity to learn this method

 

[trade4joisar]

Absolutely correct trade .....

I am still holding longs from yesterday.

Cheers
SH

You mean you now exited shorts done @5790, @5940 ?

 

[sanjeevbhatia]

HI SH,

What's the stoploss (or short level) for todays close?

 

[krist]

I think 315 is a strategy for trending instruments (it can be stock, currency or comodity or anything else)

The only condtion it should be volatile and trending. Try to backtest urself as spoon feeding is not good for any one.

Regards:thumb:

Thank you for your reply.
If there is one thing I hate, thats spoon feeding.
U got me entirely wrong. The only reason I asked is because I am unable to spare time to follow markets and if you see my last post in which I told abt my 1st 315 tarde, u will understand my problem. And isnt sharing 315 strategy by SH with you and me and all here a kind of spoon feeding ????
He might as well have said figure out the strategy on your own, but people like SH and SAINT are people who have unselfish concern for the welfare of others.
Hope you wont get this one wrong.
Regards.

 

[sanjeevbhatia]

Hello Seniors,

I think the 15EMA at this point is aorund 5470. Somebody pls confirm.

Thx

Sanjeev Bhatia

 

[amitraniwala]

Yes Sanjeev 15 EMA at this point is 5470 so do we close longs if closing is below 5470 or wait for the shortside crossover level?

 

[Suro]

As per 315 a close below 5430 will generate a sell signal.

 

[amitraniwala]

That's right Suro but closing below 15 EMA do we still carry longs for Monday?

 

[sanjeevbhatia]

Yes Sanjeev 15 EMA at this point is 5470 so do we close longs if closing is below 5470 or wait for the shortside crossover level?

Hi,

The 3 EMA is still to give downside crossover to 15EMA yet so technically, I think it still is hold on longs.

Seniors, pls confirm.

Sanjeev Bhatia