SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

NF dipped today and touched 15 EMA at 5060. That's marginally above my initial entry point hence I have added a lot at 5060.

Cheers
SH

The ADD bought at 5060 yesterday.. i have booked now at 5101 .. just holding the original long now.

This profit on ADD makes my original long risk free in case of a whipsaw.

Cheers
SH

 

[Tradewithhunter]

NF at 5140 again ... its banging its head against the 5150-5200 wall every now and then but not able to cross it yet ....

Anyways, still holding on to longs.

SH

 

[Tradewithhunter]

Dear all,

I dont see many questions posted lately so I am guessing people have got hold of this strategy now.

I have been posting all my entries/exit lately to ensure traders are able to follow entries/exit in live environment to get a better understanding.

This is the last post by me in the chain of my entries/exit. I will be around though to answer any queries ..

Just to summarise the recent trades after the current buy signal given by 315.

30/11/09 : Longs at 5025
2/12/09 – booked at 5142 (3 EMA not touching) – Profit 117 points
2/12/09 – re-entered longs at 5108
3/12/09 – Booked at 5162 (3 EMA not touching) – Profits 54 points
3/12/09 – Re-entered longs at 5120
7/12/09 – ADD at 5060
8/12/09 – Booked the ADD at 5101 – Profit 41 points.

Still holding one long from 5120. Total booked profit till now is 212 points.

Keep minting....

Cheers
SH

 

[ronnie8000000]

Hi,
this is ronnie can u pls telll me wat u think about the trend today for nifty.and i m looking to buy put 5000 dec. Pls suggest.

 

[linuxguy]

This is the last post by me in the chain of my entries/exit.

I request you to reconsider sir.

 

[feelbullish]

Excellent trading technique for traders.Can prove very fruitfull,if applied logically

 

[Tradewithhunter]

Dear Observer - RCOM is 190 today morning ... from 180 to 190 as per 315 buy signal ... hope you are still holding RCOM.

NF now at 5170 again ... my longs at work.....

Cheers
SH

Wait until 3.25 PM for a confirmed bearish crossover and then reverse.

Cheers
SH

RCOM, should I reverse below my buy price and crossover? Or wait till EOD?

 

[observer]

SH, I sold my IDEA CELLULAR today @ 10.28am as the candle was away from 3ema. Now I should re-enter my position when the candle touches the 3ema, right?
Now what do I do if the price starts to move higher, today itself, does not touch the 3ema? Where do I enter?
Is there a possibilty (theoretical) that the candle may not touch the 3EMA for couple of days? What do I do then?

B) Same is with RCOM the candle is not touching the 3ema. But RCOM has not formed a strong trend yet (accordiong to me). So would it make sense to re-enter?

Thanks

 

[Tradewithhunter]

I request you to reconsider sir.

Ok - lemme continue for some more time...

booked NF now at 5170 .. will enter longs only if 5180 is broken during the day.

Cheers
SH

 

[Tradewithhunter]

SH, I sold my IDEA CELLULAR today @ 10.28am as the candle was away from 3ema. Now I should re-enter my position when the candle touches the 3ema, right?
Now what do I do if the price starts to move higher, today itself, does not touch the 3ema? Where do I enter?
Is there a possibilty (theoretical) that the candle may not touch the 3EMA for couple of days? What do I do then?

B) Same is with RCOM the candle is not touching the 3ema. But RCOM has not formed a strong trend yet (accordiong to me). So would it make sense to re-enter?

Thanks

Well ..stick to the rules... exit if 3 EMA is not touching and enter only when 3 EMA is touched.. see how both have opened higher and now coming down to touch 3 EMA?

If it keeps going up without touching 3 EMA .. no problems.. we stay sidelines and wait for 3 EMA touch. Yes its possible that 3 EMA is not touched for a couple of days due to extraordinary exuberance in mkts.. and as wise traders when mkts are in this exubereance.. you want to short on the second candle rather than buy at high levels.. 99% of the times the stock will correct on 3rd day and 3 EMA will be touched.. thats when you exit shorts and enter back in longs.

RCOM not in a trend yet? The beauty of 315 is that it gets you in the trend even before its visible to a naked eye. So trust 315 and dont wait for the trend to be visible to general public.

Looks like you made good money though in both of them based on 315 .. well done!

Cheers
SH