SH's 315 Strategy - how to use if effectively

[VJAY]

What's going here......315 is not intraday method....it not given good results in intraday(as per SH himself)......if you starting it please backtest it...and if you don't mind share results with us ....
315 is swing trading today if close below 5437 then bearish crossover wi are in short....

 

[nallan]

Thanks for clarifying the entry point and stop loss.
Intraday was not intended. but because of misconception it went that way.
GSPL and dlf were taken today one lot each.
Incase of sudden news like today, there will be a sudden and steep fallow. Please let us know what to do if ema cross over occurs and market still falling rapidly.

Regards

 

[nallan]

Can I enter bank nifty at 15.15 though cross over occurred on 28th feb 2011?

 

[narengreddy]

@Nallan and a few others

Buddies I'm an ardent follower of 315 crossover method of SH and earned considerable amount using this method would like to say to you ppl

1) Don't enter the trades based on past crossovers, Wait for the fresh crossover to happen

2) Treat it as a fairly long term trading method , So be ready for a few whipsaws and hence losses

3) This system works better as a no SL system ie the SL is only the reverse cross over. So if you can't accept big losses in whipsaws don't touch this system. If you put hard SLs then you may miss many profitable trades

4) The beauty of this system is that after a few whipsaws one big trade will come and wipe out all the losses and propels you into the profit. But untill then u need utmost patience.

5) Most importantly don't use this method on intra day TF , You may get one or two days good profit in days of big movement but if you keep on using it intraday then in long run you will get bruised badly


Keep these things in mind and trade happily.

 

[Tradewithhunter]

Latest 315 position on Nifty - after 2 whipsaws, the longs are hanging in there with its teeth....3 consecutive whipsaws are rare but not something impossible so I am bracing myself to enter shorts if 315 gives a sell.

Usually after 3 whipsaws we get a strong trend so I will be doubling the quanity for the next short trade and keep it that way until I hit a jackpot trending move!

Cheers
SH

 

[Visualize]

Last 4 whipsaw's we had were after Diwali nifty gave a nice 500point movement

 

[anilpalan]

Can any seniors guide me with 315 strategy, whether to go long on in Cairn India, and LIC Housing Finance. Thanks in advance.

 

[gb333]

dear trade hunter,,,
Kindly develop a formula based on EMAs for intraday trading in Nifty Fut.



Regards
Gautam

 

[looser]

dear trade hunter,,,
Kindly develop a formula based on EMAs for intraday trading in Nifty Fut.



Regards
Gautam

for intraday nifty you can try 5-55 EMA will give you much better results but these can not match 315 for EOD. Rest this is best for EOD only. Try to backtest and give the results plz.

 

[veluri1967]

for intraday nifty you can try 5-55 EMA will give you much better results but these can not match 315 for EOD. Rest this is best for EOD only. Try to backtest and give the results plz.

ELH5 is for intraday in futures.