SH's 315 Strategy - how to use if effectively

columbus

columbus

Well-Known Member
#3,801
#3,801
gambler

gambler

Well-Known Member
#3,803
#3,803
Previous positions were covered at 4861 where 3EMA was not touching. Today shorted again at 4915 in morning

Thanks!

gambler said:
hello,

same thing happened with me today. I exited at 4861 because 3EMA was not touching yesterday and i placed stop loss order for short sell at 4909. Now nifty is down by more then 100 points. Don't know at what price should i enter now for short sell position.

Anyone please comment on this.
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T

trader_boy

Active Member
#3,804
#3,804
ashish10 said:
I think it should be simple just by a cursory lo:)ok,If you know how to calculate live 3 EMA (1/2*current quote + 1/2*yesterday's 3EMA), and check for high price and low price of the day. If your position is short - and if yur live 3EMA has not touched day's high, the candle is not touching. If yur position is long -and if yur day's high is greater than the live 3EMA yur candle is not touched.
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:)
An example could really help pls
 
TraderRavi

TraderRavi

low risk profile
#3,810
#3,810
kcsusha said:
What is the formula for arriving at reversal point for tomorrow?
Click to expand...
there is a excel file in previous page, we have to put NF @ EOD, and we get reversal point for tomorrow........NF @ EOD was 4993.3 and reversal point is 4938....for today....
 
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