SH's 315 Strategy - how to use if effectively

[ba8910]

Hi SH,

In the morning candle was not touching 3EMA, hence i exit my short position @5455.

3EMA will touch again somewhere around 5435, shall I enter again at this level or shall i wait till 3.15 ??

Please advise.

 

[crusader]

I have the same question- if price is not touching 3ema, why should we exit intra day? shouldnt we exit only eod just like other 315 trades?

 

[galrani]

Hi SH,

In the morning candle was not touching 3EMA, hence i exit my short position @5455.

3EMA will touch again somewhere around 5435, shall I enter again at this level or shall i wait till 3.15 ??

Please advise.

Hi
As per the trading rules for this strategy,

Exit on runaway from 3EMA and entry again on 3EMA touch is to be done intraday only.

Even I have exited NF today @ 5454. If NF has to touch 3EMA today then the price has to be around 5506. Still a far way to go.

Mostly it should touch only tomorrow
Cheers
Shiva

 

[ba8910]

3EMA will touch around 5506-5507... Shall we short now ???

Pls Advise.

 

[ba8910]

Entered again....

Short @ 5507

SL 5522 3EMA will cross over at this level... can someone confirm please...

 

[tanewbie]

reversal @5528

 

[rh6996]

Entered again....

Short @ 5507

SL 5522 3EMA will cross over at this level... can someone confirm please...

In my charts of RT converted to EOD shows a close >5527 will take the 3 EMA above 15 EMA... and it is very important to note that it is the closing price and not intraday price.

My suggestion ba8910, when you say SL 5522, it can, to many here mean, to exit at 5522...(we do not exit if price hits 5522 intraday) where as as per this strategy there is no SL but always a SAR (Stop and reverse) at nearer to close of the market!! Yes we do enter on 3 EMA touch without waiting for the close of the market!!

 

[ba8910]

In my charts of RT converted to EOD shows a close >5527 will take the 3 EMA above 15 EMA... and it is very important to note that it is the closing price and not intraday price.

My suggestion ba8910, when you say SL 5522, it can, to many here mean, to exit at 5522...(we do not exit if price hits 5522 intraday) where as as per this strategy there is no SL but always a SAR (Stop and reverse) at nearer to close of the market!! Yes we do enter on 3 EMA touch without waiting for the close of the market!!

Its clear to me now.. thanks rh6996

 

[rahulskr]

he refering to ..trades...based on SH market prediction theory....

hello TraderRavi/rkkarnani

sorry for the confusion. so for all the things i asked in the previous post for both the 315 and the market correction strategy, we have to wait till the market close time.

please can you confirm.

cheers...

 

[summasumma]

Current Position:
----------------
short @ 5485
CMP: 5502
MTM: -17
3EMA below 15EMA...