SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

SH, I was referring to this
"Originally Posted by Tradewithhunter
Please take the current example now, I shorted at 4190, booked at 3930, re-entered shorts at 4040. Now when 4190 was hit again on 15/07/2009 I exited my shorts and waitied for a 'ADD' signal to get generated. 315 stayed bearish even when markets went upto 4236 close on 15/07 & 16/7 (hence no longs) but it didnt generate any 'ADD short' signal by breaching previous days lows."

After booking profit, why did you choose to re-enter at 4040? I guess you re-entered on the same day?
Do we exit as soon as SL price is hit during the day?

Thanks

Observer - havent seen the charts but I would have rentered at 4040 when 3 EMA would have been retested.

Yes Exit can be made same day as well, an agressive trader can actually hold for long until 315 is still bearish.

Cheers
SH

 

[Tradewithhunter]

In the present example, wouldnt we exit our short at 4, as the bar seems not to be touching EMA3!!!!

Again not checking historical charts, but yes if 4th bar not touching 3 EMA exit and book profits.

Cheers
SH

 

[Mangafreakz]

Thanks SH for posting the Values.
Your other strategies are the RSEX and the Contrarian one I think, right? Do post them here if its ok with you, will benefit a lot of members.

 

[naveenvadavadagi]

Managafreakz - NF gave a buy as per 315 on 10/11/09 at around closing price of 4875. Yesterday Exit candle given at 5062 and today entry again at 5025.

Trading is going very well, the wins in the stock markets motivate me to right in forums like these. 315 is only one of my strategies that I use for swing trading. There are many other strategies that I use for trading.

By god's grace, people associated with me who trade with me are also enjoying profits with me everyday.

Cheers
SH

Dear Tradewithhunter,

Thanks for breif explanation. :clapping:

I am able to understand only the "NF gave a buy as per 315 on 10/11/09 at around closing price of 4875"[I could see the 3 EMA cross over 15 EMA][ I use Google Finance chart]. But unable to understand "Yesterday Exit candle given at 5062 and today entry again at 5025". As the 3 EMA is still above 15 EMA. I mean can you please explain the with help of chart for the above mentioned period, which would be of great help.

Thanking You,

Naveen

 

[Hari]

Dear Tradewithhunter,

Thanks for breif explanation. :clapping:

I am able to understand only the "NF gave a buy as per 315 on 10/11/09 at around closing price of 4875"[I could see the 3 EMA cross over 15 EMA][ I use Google Finance chart]. But unable to understand "Yesterday Exit candle given at 5062 and today entry again at 5025". As the 3 EMA is still above 15 EMA. I mean can you please explain the with help of chart for the above mentioned period, which would be of great help.

Thanking You,

Naveen

Dear SH!

Thanks A Ton.

Rgds,
Hari

 

[Tradewithhunter]

Thanks SH for posting the Values.
Your other strategies are the RSEX and the Contrarian one I think, right? Do post them here if its ok with you, will benefit a lot of members.

Hi Mangafreakz,

I think you know me and some of my strategies which means we have been in touch before but you must be using a different ID ...

RSEX I no longer use to inititate trades though i keep an eye on it. Contrarion is one of my favourites... I have other strategies too which I use while trading like

EHL5 : which makes me stay in the right direction of trades and often tells me when the trend is potentially turning even before moving averages crossover etc happens...it gives good low risk entries as well in a trend.

LTMA Strategy : Which tells me nicely when a trend is about to mature and big correction is due. Here I am talking about catching 10-15% correction on Index and 20-25% correction is stock prices.

2 Turtles Strategy : For short term gains in a trading market.


I do not want to storm TJ with my strategies and often traders can get confused if they are taught many strategies since different strategies can sometimes give contradictory signals. Hence I have shared one of the most simplest strategies called 315 here and really hope people use it to make money.

I do not intend to share anymore strategies here and make things complicated.

Cheers
SH

 

[spiritunit]

TH,

Since 315 is excellent strategy for swing trading, as some of the members (including me) like to intraday (as 315 is not enough good for intraday) why not you open new thread for intraday strategies that makes most the success? Just an obligation!

 

[Mangafreakz]

Yeah actually I came to know about those strategies as I used to visit the Knowlege base section of your site. The strategies you mentioned today , are those posted in any other forums or they are for the Premium users of TWH site ?
I think the traders wont mind if you share your other strategies here also like 3-15 one , if its ok with you.
Cheers.

 

[rkkarnani]

Yeah actually I came to know about those strategies as I used to visit the Knowlege base section of your site. The strategies you mentioned today , are those posted in any other forums or they are for the Premium users of TWH site ?
I think the traders wont mind if you share your other strategies here also like 3-15 one , if its ok with you.
Cheers.

Which site are u referring to MF?? TWH? Kindly elaborate for the lesser informed!!!

 

[Tradewithhunter]

No new Adds unless Nifty crosses 5090. My trailing SL is 5000.

Cheers
SH