SH's 315 Strategy - how to use if effectively

[TraderRavi]

why so much whipsaws........big trend kab aayega.....

 

[sunny_cool]

Kab aayega meray banjaray...

Tu nahin aaya....aa gaye saray...

kab aayega meray banjaray....


:rofl::lol::clap:

 

[TradeJoker]

same here ...

 

[Tradewithhunter]

Today we might get a buy on 315 (4th whipsaw). This is the second time in the last 10 years ....also second time in last 6 months.

Markets are oversold on weekly charts (only second time in last 10 years, first time was in 2008 bottom) and seems markets are consolidating which are creating these whipsaws.

Any breakout or breakdown from these levels can be ferocious hence traders require conviction and descipline to stick to 315.

Cheers
SH

 

[Reva4Jay]

waiting eagerly for your guidence

 

[abhi_neth]

Another whipsaw. Hopefully there will be a trend now.

 

[trader_boy]

today NF traded between 4970-5055.....i.e. above 4938 (reversal point)...and 3ema crossing over 15ema giving us a bullish crossover, thus indicating us to go long on NF @ say 3:25 (NF= 4985)so that market cannot recover and the crossover is confirmed.

 

[timepass]

Buy ??

The EMAs are not touching the candle...

 

[trader_boy]

Even if the 3ema is not touching we need to enter into that position.3ema touch rule is only for booking profits otherwise normal crossovers should be traded.
This i read somewhere.

 

[timepass]

Even if the 3ema is not touching we need to enter into that position.3ema touch rule is only for booking profits otherwise normal crossovers should be traded.
This i read somewhere.

Actually this crossover is quite similar to the Sep 21 crossover. So, unless we have a serious gap up day tomorrow, there will be buying opportunities later, IMO.