SH's 315 Strategy - how to use if effectively

[dp33770]

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[dp33770]

Hi SH,
I came across one situation for which I am not sure how to go about it.
I am attaching two instances of same situation which happened on 28th of March 2011.

1. DLF SPOT price didnot touch the 3 EMA
2. YESBAN SPOT price didnot touch 3 EMA

In both the above situation as per 315 we should have closed our positions at 3.25 PM on 28th.
But next day the price touches the 3 EMA but surprisingly without correction and shoots up.
So Shall we buy at 3:25 PM on 29th again
or we will wait for the price to come down and touch 15 EMA. Because in most of the cases
once the price didnot touch the 3 EMA either it correct a little or it comes down to touch 15 EMA.

Correct me if I am wrong.

 

[kittty]

hi SH sir,

shud i wait till 3.25 for rollover??

 

[trade4joisar]

hi SH sir,

shud i wait till 3.25 for rollover??

Hello,

today again candle left 3 ema, this is the 3rd time in this trend.

 

[kittty]

any one still holding ??

 

[kittty]

no one helping me

 

[merchantp]

http://www.4shared.com/document/TpDKRsNI/Reading_of_the_Indicator.html

For your review ND COMMENTS

Looks to be good... what indicator are you using ??

 

[VJAY]

no one helping me

Ohh sorry kitty....I not get message when you posted here)subscription of this thread)....so thought no one posted new post here....as far position/rollover I exited my pos...but not entered next month due to dif in prices...will enter tomorrow ...

 

[rvg1953]

i'm a very new to trading based on technical analysis and will be very much grateful if the way to generate ema3 and ema15 are explained.

 

[VJAY]

i'm a very new to trading based on technical analysis and will be very much grateful if the way to generate ema3 and ema15 are explained.

Dear rvg,
Please go through this thread....read 1st pages of this thread....you can get some idea about this method......