SH's 315 Strategy - how to use if effectively

[merchantp]

more complicated
exit=price away from EMAs and band
reentry = middle of the band
(theoretically)
this chart is to indicate short term exit&entry of previous chart
please advise me

What are these bands made up of... ??

 

[kittty]

Hi
panditji,
The first chart is inspired by SH315 and 50ema is by a member nallan.first chart is marked with major entries.second chart is just an observation,whenever candle away from the indicators thers high probablity of reverse.in second chart candle away from 50ema 13ema and 5ema but the price is above the band so immadiate reverse is possible.i know its a big time frame easy for indicators.am posting this just for learning
please reply.
thanks


Hi
merchantp,
its standard bollinger band
thanks

 

[rrmhatre72]

This is great Kitty.
Can someone gives AFL for this?

Hi
panditji,
The first chart is inspired by SH315 and 50ema is by a member nallan.first chart is marked with major entries.second chart is just an observation,whenever candle away from the indicators thers high probablity of reverse.in second chart candle away from 50ema 13ema and 5ema but the price is above the band so immadiate reverse is possible.i know its a big time frame easy for indicators.am posting this just for learning
please reply.
thanks


Hi
merchantp,
its standard bollinger band
thanks

 

[pundit]

Hi
panditji,
The first chart is inspired by SH315 and 50ema is by a member nallan.first chart is marked with major entries.second chart is just an observation,whenever candle away from the indicators thers high probablity of reverse.in second chart candle away from 50ema 13ema and 5ema but the price is above the band so immadiate reverse is possible.i know its a big time frame easy for indicators.am posting this just for learning
please reply.
thanks


Hi
merchantp,
its standard bollinger band
thanks

Hi Kitty Ji,
Adding more indicators will make the theory more complicated, keep 315 as simple as it is. If candle is not touching 3 ema just exit the position and if it touches again we again take it, reverse is only on opposite crossover. I accept in sideways market we get more whipsaws in 315 but I hope SH would be working on it. I didn't use 50ema with SH315 so can not comment on it.


Thanks.

 

[kittty]

yes punditji, 315 is simple and powerful thats why i am following this.these are just observations to more safer trading, am not an expert

candle not touching 3 ema

 

[pundit]

yes punditji, 315 is simple and powerful thats why i am following this.these are just observations to more safer trading, am not an expert

candle not touching 3 ema

Kitty Ji
Must exit position and renter when it touches again.

 

[rkkarnani]

Hi rkkarnani,
what do the arrows indicate on the posted chart? Are they buy/sell signal from your MA crossover system.

regards
vin

Small arrows work as Trailing SL with some filter , bold ones are Buy Sell , again with some filters... profits are booked at certain levels, also tried to "add' to postions but could not maintain disacipline hence stpped the "add" part. Working good if not excellent.

 

[rkkarnani]

Dear rkkarnani,

Can u pl explain in detail the system u r following for the benifit of all? We r unable to guess ur system through the given chart.

Thanks.

No friend I cannot!! It was posted in responce to a query about my MA system that I follow. Nothing more to add. Have given brief reply above to Vinst.

 

[kittty]

3 ema touching candle shud i re enter or wait for 3.20?

 

[Tradewithhunter]

3 ema touching candle shud i re enter or wait for 3.20?

Wait till 3.25 PM

Cheers
SH