SH's 315 Strategy - how to use if effectively

[tanewbie]

eod 3 ema stands @5538 but it will keep changing based on todays price

 

[galrani]

Hi

At around 5500 Today Nifty futures would touch 3EMA.
Doesn't look like it will , maybe tomorrow.
Cheers
Shiva

AS per the eod 3EMA is at 5501(approx), can u pls tell me the exact price at which 3 EMA touches in realtime.

regards.

 

[sparun]

nifty futures has touched 3 ema should i buy now

 

[gb333]

yes buy call generated yesterday....

 

[gb333]

someone plz post the 315 Nifty Fut EMA position

 

[summasumma]

Long in MiniNifty @ 5555 yesterday around 3:27 PM... CMP-5580 and price not touching 3EMA... is it better to exit and enter again when price touch 3EMA?

Made entry in mini-Nifty yesterday based on 315 as shown in the image:
http://img4.imageshack.us/img4/2894/315rule31stmaymininifty.jpg


Today morning Price didnt touch 3EMA, still i did not exit and reenter...
so far in 38 pts profit per MiniNifty Lot...

According to me, when 3EMA goes above 34EMA also, we might get good profits.. its almost very close today (3EMA/34EMA = 5547/5552)...
lets see tomorrow..

All Credits to SH :clapping: ... cheeerrrrsss.... :thumb:

 

[summasumma]

Hi SH,

A question regarding 'Effective Add':

Suppose we are long in NIFTY.(3EMA>15EMA)
So 'effective add' will be done when the price touches 15EMA and also the previous day's HIGH is breached by the current day's candle HIGH(is this correct?).

Question is, when the current day open price itself is HIGH for the day and has breached the previous days HIGH. Now if market fell down and touch 15 EMA in this day, should we BUY again and call it as 'effective add'...??? (becoz today's candle high is above previous day's high and also price touched 15EMA. But today candle is RED)

(You can imagine and Green candle followed by RED candle, provided RED candle high is above the Green handle high and also RED candle touches 15 EMA)


Thanks,
...summasumma

 

[galrani]

Back in Longs @ 5540
Now waiting for 15EMA touch to add more.

Hi

At around 5500 Today Nifty futures would touch 3EMA.
Doesn't look like it will , maybe tomorrow.
Cheers
Shiva

 

[rh6996]

Back in Longs @ 5540
Now waiting for 15EMA touch to add more.

Dont think its prudent to ADD on 15 EMA touch today if it happens as that would mean adding long in a downturn!!! Better add when position is in positive.

 

[rkkarnani]

RH, you beat me to it, this is what i was going to post and you did it. Yes its not prudent to ADD on retrace to 15 EMA.. ofcourse SH has the last word , but he has been putting in his input endlessly, so let us not always wait for his responce. Look for his view on it in the thread itself.
This is what I foind in one of his post :

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).

Check this link : http://www.traderji.com/technical-a...rategy-how-use-if-effectively.html#post332954