SH's 315 Strategy - how to use if effectively

[umeshmandal]

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

What action do we take when 3 EMA touches 15 EMA?!! Seems I am missing something in trading rules?

 

[deepakonroll]

We add to existing longs after 3ema touch 15ema. Pls correct if i m wrong.

What action do we take when 3 EMA touches 15 EMA?!! Seems I am missing something in trading rules?

 

[umeshmandal]

We add to existing longs after 3ema touch 15ema. Pls correct if i m wrong.

Okay! Am not the right person to Correct you!! I was under the impression that becoz we have booked profits in long position, we take entry again when Price touches 15 EMA!!!

Now some one needed to either rectify or confirm this!!

 

[deepakonroll]

Okay! Am not the right person to Correct you!! I was under the impression that becoz we have booked profits in long position, we take entry again when Price touches 15 EMA!!!

Now some one needed to either rectify or confirm this!!

Sorry for the confusion, you are correct.

"Pyramiding

Pyramiding or 'adds' are obviosly done once our position has 'swung' into profits. The rule is we add when the markets correct after a swing, price comes and touched 15 EMA again (but 3 EMA hasnt crossed over). This means that we add very close to our SAR hence keeps the risk small and also ensures that even if SAR is triggered we still end up in net profits (since our initial position is in profits hopefully now). "

 

[crusader]

So does this mean that we add even if we don't have any positions? Or wait for the 3EMA to cross over 15EMA to go short?

 

[umeshmandal]

So does this mean that we add even if we don't have any positions? Or wait for the 3EMA to cross over 15EMA to go short?

Obviously one cannot "add" when there is no outstanding position.... however this can be used to enter a Trade if intial entry was missed out, as the RR would be low!!! (This is how I have understood!)

 

[Tradewithhunter]

Obviously one cannot "add" when there is no outstanding position.... however this can be used to enter a Trade if intial entry was missed out, as the RR would be low!!! (This is how I have understood!)

absolutely correct, if you are still holding longs than you can ADD at 15 EMA restest. IF you missed the original long entry you can enter at 15 EMA retest.

If you had booked the longs earlier (like I did) then you can enter longs around 15 EMA zone.

I have opened 50% longs at 5820 and rest 50% will be opened at 15 EMA restest.

Cheers
SH

 

[VJAY]

absolutely correct, if you are still holding longs than you can ADD at 15 EMA restest. IF you missed the original long entry you can enter at 15 EMA retest.

If you had booked the longs earlier (like I did) then you can enter longs around 15 EMA zone.

I have opened 50% longs at 5820 and rest 50% will be opened at 15 EMA restest.

Cheers
SH

Dear SH,
Any reason for this 50% entry ?

 

[crusader]

Anyone using icharts.in premium services? If so, which of the options do you use for 315 setup - Live charts, Jcharts or Charts?

 

[trade4joisar]

Anyone using icharts.in premium services? If so, which of the options do you use for 315 setup - Live charts, Jcharts or Charts?

I use jCharts premium service.