SH's 315 Strategy - how to use if effectively

[Piuvbn]

winning position

Rule says
After crossover whenever candles touches 15 EMA & if you are in profit add shorts / long position whichever is applicable to your positions.

I have added 2 NF shorts @ 5598.

Trading made simple=315,SH Market Correction Prediction Strategy. Thanks a lot

 

[pesakkimuthushares]

I am a beginner.what is 3 ema and 15 ema and how to find it out

 

[munde_77]

It exponential moving averages.

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages

 

[Visualize]

There was a serious price rejection @ 15ema.

 

[trade4joisar]

I am a beginner.what is 3 ema and 15 ema and how to find it out

For basic information
http://www.investopedia.com/university/buildingblocks.asp

http://www.google.com/finance?q=NSE:NIFTY

In technical section below add 3 & 15 ema and you will find Nifty Chart with 3 & 15 ema.

 

[Tradewithhunter]

315 shorts triggered on 28/4 sold at 5815 (May series since 28th was expiry day).

2 whipsaws in a row now... rangebound mkts again. All important EMAs are currently confluencing (200 SMA, 100 SMA, 34 EMA, 15 EMA) in this 5700 zone and this is exactly where Nifty is trading right now. This is a sign of momentary congestion, a state of equilibrium which is often followed by a strong one way trend.

Have seen such confluence only once in 4 years ... it was in June 2010 at around 5100 range. It was followed by a strong breakout and 1200 point rally to 6200+ range. Lets see what we get this time....

Right now ... holding shorts with normal quantity.


Cheers
SH

Ok - Nifty closed at 5490 today. The nifty shorts are still in 300+ points profit.

Nifty gave us an exit and re-entry based on 3 EMA as well which should have given additional points profit.

13th May also gave an 'ADD' opportunity at 5610-5620 range...not sure how many used the opportunity to ADD?

Due to the markets getting in a range, 15 EMA got enough time to slide down to 5600 now which means the trade has become risk free given that even if the bullish crossover happen we will most probably be able to exit with profits.

All going well till now, lets see if the strong trend after the confluence gives us more profits downwards ...or maybe a whipsaw and rally upwards?

no predictions... we will just follow 3 EMA and 15 EMA ...

Cheers
SH

 

[sparun]

Ok - Nifty closed at 5490 today. The nifty shorts are still in 300+ points profit.

Nifty gave us an exit and re-entry based on 3 EMA as well which should have given additional points profit.

13th May also gave an 'ADD' opportunity at 5610-5620 range...not sure how many used the opportunity to ADD?

Due to the markets getting in a range, 15 EMA got enough time to slide down to 5600 now which means the trade has become risk free given that even if the bullish crossover happen we will most probably be able to exit with profits.

All going well till now, lets see if the strong trend after the confluence gives us more profits downwards ...or maybe a whipsaw and rally upwards?

no predictions... we will just follow 3 EMA and 15 EMA ...

Cheers
SH

iam following u sir could u pls update online around 3.20-3.25 p.m. so that we all can take extra postion or exit . kindly pls consider this request

 

[munde_77]

Ok. 315 KI JAI. JAI HO 315 :thumb::thumb::thumb::clapping::clap:

 

[Piuvbn]

iam following u sir could u pls update online around 3.20-3.25 p.m. so that we all can take extra postion or exit . kindly pls consider this request

I second you. Not only you me also.........

 

[manoharpillai]

Just checked the Dow and S&P 500 chart both are showing crossover on daily chart ( Ref. yahoochart ) comments well come

Daily charts 315 Dow S&P 500 and Nasdaq confirming downtrend waiting for weakly close expecting minimum correction of 10 to 15 % in a month or two. what this could have impact on our market ...!! we have to wait and see.