SH's 315 Strategy - how to use if effectively

[abhi_neth]

Yes you are correct about this reentry!!
My approximation was , now when NF rises to 5660 3 EMA will rise to touch Price bar and if NF continues to fall, it would be around 5600 when they touch.

And very frankly , I feel one need not wait for actual touch and can reenter also at almost touching...
All depends on your exit price as that makes a certain level comfortable for reentry. There is no exact rule to be mechanical for this 'reentry'.

Sir,
Read somewhere in this thread that re-entry level will be 3EMA value when we exit our position. For Eg, if we exit at 5685 & 3EMA value at that instant is 5645, then we re-enter trade at 5645. Can you pls confirm whether my understanding is correct.
Thx

 

[Tradewithhunter]

Sir,
Read somewhere in this thread that re-entry level will be 3EMA value when we exit our position. For Eg, if we exit at 5685 & 3EMA value at that instant is 5645, then we re-enter trade at 5645. Can you pls confirm whether my understanding is correct.
Thx

Yes absolutely correct ... when markets opened today morning 3 EMA was around 5640 .... I have re-entered at 5640 even if 3 EMA was not touching the candle when nifty was at 5640. This is becuase if nifty rises from here ...it will make the 3 EMA touch the candle lows....

If Nifty continues to fall .. I would have still made a 'on the side' profit of 45 points due to this correction ... no love lost for 3 EMA

Cheers
SH

 

[bhurasandip]

Sir,
Read somewhere in this thread that re-entry level will be 3EMA value when we exit our position. For Eg, if we exit at 5685 & 3EMA value at that instant is 5645, then we re-enter trade at 5645. Can you pls confirm whether my understanding is correct.
Thx

post deleted

 

[abhi_neth]

hai Abhi,
its not that way. To re-enter 3ema (line) should touch the candle

Thanks for your reply, but the above post fm SH sir clarifies the matter.

 

[vinst]

Yes absolutely correct ... when markets opened today morning 3 EMA was around 5640 .... I have re-entered at 5640 even if 3 EMA was not touching the candle when nifty was at 5640. This is becuase if nifty rises from here ...it will make the 3 EMA touch the candle lows....

If Nifty continues to fall .. I would have still made a 'on the side' profit of 45 points due to this correction ... no love lost for 3 EMA

Cheers
SH

... and we were showing our mathematical skills for nothing... :lol:

 

[crusader]

So far correction prediction is spot on!!!

 

[rkkarnani]

Reenterd at 5631, 3 EMA touch!!

 

[Piuvbn]

My first entry with 315.Jai Ho.

 

[rkkarnani]

My first entry with 315.Jai Ho.

All the best!!

 

[gb333]

Can I use 315 EMA system in Commodities like GoldMini or 534 EMA
which is mostly accurate in case of Gold Mini.
Kindly suggest

Regards
Gautam