SH's 315 Strategy - how to use if effectively

[gauharjk]

Today's candle hasn't touched 3EMA yet... 3 EMA is at 5567 levels...

 

[Piuvbn]

100 points more.Cheers

 

[rkkarnani]

Today's candle hasn't touched 3EMA yet... 3 EMA is at 5567 levels...

When reentering, I do not wait for actual touch, when it "seems" to be touching , I reenter... reason is simple, we are not entering a fresh trade, we have already taken some profit away in the present short trigger, a few points more or less do not matter. When I expanded the chart then only it was visible that te actual touch isnt there, but my view is that reenter , when price is very close to EMA.

 

[gauharjk]

@RK
Is there any chance of nifty bouncing back to 5500 on intraday basis?

 

[rkkarnani]

@RK
Is there any chance of nifty bouncing back to 5500 on intraday basis?

LOLZ... no friend, have no idea at all... i usually track any EOD chart based calls on smaller timeframe intraday!!
NO!!! Cannot predict , and rather one should not try to do it. Be with the rules set for the trade and be disciplined.

 

[MurAtt]

Woweee .. its been 18 candles i the hourly since price touched the 15 ema.

Right now at 5595 Spot.

Now 27 candles !!!!!

 

[rkkarnani]

Now 40 candles !!!!!

SM bhai, agar kal 18 candles theen to aaj 40 kaise ho jayegee!!!

 

[MurAtt]

SM bhai, agar kal 18 candles theen to aaj 40 kaise ho jayegee!!!

Oops .... 27 .. sorry bro ... just some reduction of chart and I missed a touch

 

[msa5678]

Oops .... 27 .. sorry bro ... just some reduction of chart and I missed a touch

SM Bhai,
Approximately In how many candles
the price shall come back to the 15 EMA.

 

[MurAtt]

30 candles .. is the general view .. 3 candles of the EOD and the 15ema

BUT my understanding was when something works on EOD .. same logic should work on other time frames too and therefore I am following now live on the thread ...

results have not been backtested ...