SH's 315 Strategy - how to use if effectively

[rh6996]

Hi ,
Please let me know the below data for DLF is correct or not ?
In SPOT 3EMA - 257.5 and 15EMA - 255.5
In Future 3EMA - 258.5 and 15EMA - 256.0

so tomorrow if DLF is above 250 at 3.25 , shall we consider it as a add on 15EMA touch and if its below 250 at 3.25 shall we go for SHORT ?

Regards,
Deep

DLF Futures
People who were long and had Exited,(I personally exited on 1st April as felt price was not touching 3 EMA) must have reenterd long yesterday only, when Price touched 15 EMA around 256.xx (I did not reenter becoz on hourly chart DLF futures never moved uptrend) Got this as a lucky break..

Price is already touching 15 EMA so why this question, if you are confused better get a clear picture b4 staking actual money in trades.

I did not calculate at what price would 3EMA cross below 15 EMA, So cannot comment about going short at what level..!! We go short only on 3EMA Crossing below 15 EMA, will keep an eye on chart at around 3.25 to decide!! And my guesstimate is that any close below 252.40 should give a Sell signal in DLF futures.

 

[dp33770]

Hi rh6996,
Thanks for your reply.
I am trying to figure out if I am seeing the correct chart or not.
In NSE TAME I dont see price not touching 3EMA on 1st april.
when you say price not touching 3ema do you mean close price ?
lets assume price didnot touch 3ema on 1st april. Then you should have gone long again on the next day 5th April when Price touches 3ema as per rule.Let me know if I am correct here .

My second doubt is do we reenter again when price touches 15EMA or 3EMA touches 15EMA?

DLF Futures
People who were long and had Exited,(I personally exited on 1st April as felt price was not touching 3 EMA) must have reenterd long yesterday only, when Price touched 15 EMA around 256.xx (I did not reenter becoz on hourly chart DLF futures never moved uptrend) Got this as a lucky break..

Price is already touching 15 EMA so why this question, if you are confused better get a clear picture b4 staking actual money in trades.

I did not calculate at what price would 3EMA cross below 15 EMA, So cannot comment about going short at what level..!! We go short only on 3EMA Crossing below 15 EMA, will keep an eye on chart at around 3.25 to decide!! And my guesstimate is that any close below 252.40 should give a Sell signal in DLF futures.

 

[rh6996]

Hi rh6996,
Thanks for your reply.
I am trying to figure out if I am seeing the correct chart or not.
In NSE TAME I dont see price not touching 3EMA on 1st april.
when you say price not touching 3ema do you mean close price ?
lets assume price didnot touch 3ema on 1st april. Then you should have gone long again on the next day 5th April when Price touches 3ema as per rule.Let me know if I am correct here .

My second doubt is do we reenter again when price touches 15EMA or 3EMA touches 15EMA?

Yes, One should go long again when price touches 3 EMA if exit done on the basis of Price leaving 3 EMA! On 1st April the price opened very near 3 EMA and closed much away from it and also just kissed 3 EMA during the day, so I exited at close. Normal thing would be to have entered at 3 EMA touch, but decided to wait for retrace to 15 EMA, however as price was repeatedly testing 275 level and coming back I decided to wait!!
We reenter when price touches 15 EMA, there is nothing to look for the EMA's.. we dont wait for EMA's to touch.

 

[Tradewithhunter]

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

Added another 50% at 15 EMA retest 5765 .... average price 5800 odd.... back into longs that were booked earlier at higher levels...

Cheers
SH

 

[subratdas]

Dear SH ,
Presently I have no position taken in nifty. Can I start a new position now?

Thanx/Subratdas

 

[umeshmandal]

Dear SH ,
Presently I have no position taken in nifty. Can I start a new position now?

Thanx/Subratdas

You missed an entry today at ~5775/-

 

[deepakonroll]

All,
Hope all made money today.
Entered at 5810 (as dont have realtime) after SH confirmed 15ema touched.
Booked at 5880, entered aagin at 5886(as 315 longs in position), but panicked and sold at 5926. Wanted to keep 1 lot as per 315 system, but emotions are hard to control.
Made around 100 points. :thumb:
This is my first time i traded with real money for this strategy and i first time i have got 100 points in one day. .
Thanks SH for the system.
Entry was by 315 system, but profit booking as per my emotions(trying my best to overcome).
Thanks again SH for the strategy and the fort(thread) holders for the extensive and helpful discussion. Thanks all and hope i make money always

 

[crusader]

Added another 50% at 15 EMA retest 5765 .... average price 5800 odd.... back into longs that were booked earlier at higher levels...

Cheers
SH

Sh,

One question.. You did not wait till 3:25 to add your 50%? Is that fine?

 

[pundit]

Added another 50% at 15 EMA retest 5765 .... average price 5800 odd.... back into longs that were booked earlier at higher levels...

Cheers
SH

Thanks for confirmation.......

 

[Tradewithhunter]

Sh,

One question.. You did not wait till 3:25 to add your 50%? Is that fine?

The entry at 15 EMA support happens when the price touches 15 EMA during anytime in the day ... without waiting for close.

Cheers
SH