SH's 315 Strategy - how to use if effectively

[Baloon]

as mentioned the 3ema was @4850 and NF high was 4840.so @close 3ema didnt touch todays eod, then the reason for re-entry ?pls guide

The 3ema is very near to the closing price. If there is a gap down tomorrow or if the price goes down tomorrow, the 3ema will easily touch todays candle and in that case, we will miss out on good price entry.

Just my 2 bids.

 

[trader_boy]

The 3ema is very near to the closing price. If there is a gap down tomorrow or if the price goes down tomorrow, the 3ema will easily touch todays candle and in that case, we will miss out on good price entry.

Just my 2 bids.

So how much gap difference should be ok between 3ema and eods high ....for reentry to be considered.Is it possible to define the gap in terms of points like 10pts or something to avoid confusion next time.

 

[achopraa]

So how much gap difference should be ok between 3ema and eods high ....for reentry to be considered.Is it possible to define the gap in terms of points like 10pts or something to avoid confusion next time.

If I remember correctly, on a day of GAP DOWN opening, when we Exit, we make a note of 3EMA value.
Now at end of day, we Enter shorts, if Candle touches 3EMA or the value recorded at the time of Exit.

Correct me if wrong.
AC

 

[Tradewithhunter]

If I remember correctly, on a day of GAP DOWN opening, when we Exit, we make a note of 3EMA value.
Now at end of day, we Enter shorts, if Candle touches 3EMA or the value recorded at the time of Exit.

Correct me if wrong.
AC

Correct .. day opened and 3 EMA was around 4820-4825

So entry should have been done around this zone.

Cheers
SH

 

[prst]

Correct .. day opened and 3 EMA was around 4820-4825

So entry should have been done around this zone.

Cheers
SH

Thanks SH.

the 3EMA is still touching the white candle body.
am still holding the shorts.
please correct me if wrong..

 

[trade4joisar]

Correct .. day opened and 3 EMA was around 4820-4825

So entry should have been done around this zone.

Cheers
SH

LTP = 4836
Adjusted price closing was @ 4811

It seems 3 ema must have been touched.

 

[trader_boy]

LTP = 4836
Adjusted price closing was @ 4811

It seems 3 ema must have been touched.

exactly....ltp i dont think it was touching....but now its touching if settled price is considered

 

[trade4joisar]

exactly....ltp i dont think it was touching....but now its touching if settled price is considered

Icharts display charts with settlement price next day, that's why i said it seems

 

[trader_boy]

Icharts display charts with settlement price next day, that's why i said it seems

ok i usually download data using getbhavcopy in fcharts!

 

[eevra]

LTP = 4836
Adjusted price closing was @ 4811

It seems 3 ema must have been touched.

I think EMA 3 would touch around 4846 today ? ( Am I not right ??)