SH's 315 Strategy - how to use if effectively

[SCF]

reallyy

 

[krist]

In ZOOM you have zoomin,zoomout,zoombox and zoomreset.You use
ZOOMBOX.

Thank You.

 

[rkkarnani]

As per 315 rule, if candle left 3 ema for 2 times in a trend then we need to go for opposite direction.

28/03/2011
30/03/2011
01/04/2011

SH,
Your views please !!!

Dont think this is there in SH's rules book for trading 315!!!

 

[sanjeevbhatia]

Dont think this is there in SH's rules book for trading 315!!!

You are right Karnani, The rule says you have to BOOK PROFIT when candle is AWAY from 3EMA,and then to re-enter IN THE ORIGINAL DIRECTION when it touches the 3EMA again. This does not imply going short if you were long initially and vice versa.

HTH

Sanjeev Bhatia

 

[crusader]

I think it was given in the market correction prediction strategy. Or wasn't it?

 

[trade4joisar]

I think it was given in the market correction prediction strategy. Or wasn't it?

hmmm.

But target is 3 ema.

 

[sanjeevbhatia]

hmmm.

But target is 3 ema.

Hi Crusader/Trade4,

I think both of you are mixing two different things. Market correction strategy implies retouch of EMA after few "AWAY DAYS". For eg., Candle is supposed to touch 3 EMA within 3 days, so that mean if you have 2 away days, on third day you can go short if the candle is still away from 3EMA wiht price target of 3EMA.

315 is separate strategy and should be traded according to its rules not of another strategy.

This is how I understand 315. I hope SH clarifies this.

Sanjeev Bhatia

 

[Tradewithhunter]

Hi Crusader/Trade4,

I think both of you are mixing two different things. Market correction strategy implies retouch of EMA after few "AWAY DAYS". For eg., Candle is supposed to touch 3 EMA within 3 days, so that mean if you have 2 away days, on third day you can go short if the candle is still away from 3EMA wiht price target of 3EMA.

315 is separate strategy and should be traded according to its rules not of another strategy.

This is how I understand 315. I hope SH clarifies this.

Sanjeev Bhatia

Yes, 2 different strategies and sometimes conflict with each other. For example the prediction theory suggests that markets need to reverse to 15 EMA within 6 weeks. So whilst 315 strategy says hold longs until the crossover is complete, the prediction theory might make me book profits in the 6 week and take opposite position targetting 15 EMA.

However with 3 EMA rule under 315 startegy, we book profits on first candle itself and wait for 3 EMA retouch to enter again. However if the 3 EMA is not touched the next day as well, the prediction theory kicks in which means one can trade targetting 3 EMA on third day. On the third day, you exit your 'prediction' position and open the '315' position again as the 3 EMA touch is complete.

Cheers
SH

 

[deepakonroll]

Has 3 ema touched 15 ema? Dont have realtime data. Thanks.

 

[vinst]

Has 3 ema touched 15 ema? Dont have realtime data. Thanks.

Not touched.