SH's 315 Strategy - how to use if effectively
- Thread starter Tradewithhunter
- Start date
Dear SH,
Could you please have a look at these posts & reply on the queries?
1. http://www.traderji.com/technical-a...gy-how-use-if-effectively-432.html#post614728
2.http://www.traderji.com/technical-a...gy-how-use-if-effectively-433.html#post615436
Could you please have a look at these posts & reply on the queries?
1. http://www.traderji.com/technical-a...gy-how-use-if-effectively-432.html#post614728
2.http://www.traderji.com/technical-a...gy-how-use-if-effectively-433.html#post615436
Mangup probably wants reply to these posts of his!!!
http://www.traderji.com/technical-a...gy-how-use-if-effectively-108.html#post614728 Post 4319
and
http://www.traderji.com/technical-a...gy-how-use-if-effectively-109.html#post615436 Post 4329
Posted again as the URL posted by Mangup were taking me to the last page. Trust this time the link is proper.
http://www.traderji.com/technical-a...gy-how-use-if-effectively-108.html#post614728 Post 4319
and
http://www.traderji.com/technical-a...gy-how-use-if-effectively-109.html#post615436 Post 4329
Posted again as the URL posted by Mangup were taking me to the last page. Trust this time the link is proper.
Last edited:
I am trying to answer per my understanding, so beware of errors :
When we are in a SELL mode and we get a Candle whose low is not touching 3EMA, it would mean the entire Candle is above 3EMA !!! Look at the candles on 7th Oct or 1st Dec.. are you seeking clarification on such a situation?
The original rule of exit is : If Candle is not touching 3EMA at open and has opened significantly away we exit. The 2 consecutive rise in 3EMA was another of SHs novel observation. He simply gave one more way of exiting and left it on us to choose between the two! He did not prefer anyone on the other!
We are in SELL mode and candle high is not touching 15 EMA, right. Now we are waiting for for ADD to short position, that means we are already in profit in the trade. The high of the candle is not touching 15EMA and you say that the next day there is a Gap up opening, and the gap is wide enough so that even the Low of the candle is not touching 15 EMA well I cannot confirm 100% but as there is something similar in an almost identical strategy I use I can say that in almost 100% of such move end up reversing the crossover i.e this gap up candle would usually give a reversal of trend.. hence it is advisable that we add when we see the price moving down again.. (Warning: This may not be as per 315 original strategy of TWH) Why dont you eye ball some NF charts and point out such candles!! It will be helpful in getting a clarification from all who know much better than we do this strategy.
Here again the move must be a jump in contra direction for this to happen. Usually when a candle moves down to touch 15EMA the high usually remains touching 3EMA.. a big move may mean a reversal on cards bit surely we cannot be 100% sure of the reversal before it actually happens. I would prefer to add on 3EMA touch as to me it signifies that the move has started back in the original direction. This again warrants a Warning: This may not be as per 315 original strategy of TWH.
This may differ from person to person. Nothing was specified by TWH in the thread. Hopefully he may do so now. One can think of his new suggestion of 2 consecutive contra moves by 3EMA.
The decision to exit on 3EMA not touching is to be taken at the open only and not subsequently. When you say that market closes with a big gap you probably mean to say that the market moves significantly down by say 50/60 points if this what you wish to say then an exit is out of question as the move is in our trades direction and it may continue to go down subsequently too. Moreover do understand the mechanism of the EMA movement.. as the market moves down and closes lower so also the 3EMA moves down and get lower.. a down move in Nifty by 60 points does not mean an increase of 50/60 points difference between close and 3EMA at that point. The gap may not increase as much as you are anticipating.
This is a very subjective thing and will differ from person to person and SH is the best person to guide what should be the standard distance for this !!!
Note : These are my views as I have understood the 315 strategy and may kindly be considered accordingly.
When we are in a SELL mode and we get a Candle whose low is not touching 3EMA, it would mean the entire Candle is above 3EMA !!! Look at the candles on 7th Oct or 1st Dec.. are you seeking clarification on such a situation?
The original rule of exit is : If Candle is not touching 3EMA at open and has opened significantly away we exit. The 2 consecutive rise in 3EMA was another of SHs novel observation. He simply gave one more way of exiting and left it on us to choose between the two! He did not prefer anyone on the other!
We are in SELL mode and candle high is not touching 15 EMA, right. Now we are waiting for for ADD to short position, that means we are already in profit in the trade. The high of the candle is not touching 15EMA and you say that the next day there is a Gap up opening, and the gap is wide enough so that even the Low of the candle is not touching 15 EMA well I cannot confirm 100% but as there is something similar in an almost identical strategy I use I can say that in almost 100% of such move end up reversing the crossover i.e this gap up candle would usually give a reversal of trend.. hence it is advisable that we add when we see the price moving down again.. (Warning: This may not be as per 315 original strategy of TWH) Why dont you eye ball some NF charts and point out such candles!! It will be helpful in getting a clarification from all who know much better than we do this strategy.
Here again the move must be a jump in contra direction for this to happen. Usually when a candle moves down to touch 15EMA the high usually remains touching 3EMA.. a big move may mean a reversal on cards bit surely we cannot be 100% sure of the reversal before it actually happens. I would prefer to add on 3EMA touch as to me it signifies that the move has started back in the original direction. This again warrants a Warning: This may not be as per 315 original strategy of TWH.
This may differ from person to person. Nothing was specified by TWH in the thread. Hopefully he may do so now. One can think of his new suggestion of 2 consecutive contra moves by 3EMA.
The decision to exit on 3EMA not touching is to be taken at the open only and not subsequently. When you say that market closes with a big gap you probably mean to say that the market moves significantly down by say 50/60 points if this what you wish to say then an exit is out of question as the move is in our trades direction and it may continue to go down subsequently too. Moreover do understand the mechanism of the EMA movement.. as the market moves down and closes lower so also the 3EMA moves down and get lower.. a down move in Nifty by 60 points does not mean an increase of 50/60 points difference between close and 3EMA at that point. The gap may not increase as much as you are anticipating.
This is a very subjective thing and will differ from person to person and SH is the best person to guide what should be the standard distance for this !!!
Note : These are my views as I have understood the 315 strategy and may kindly be considered accordingly.
Hello all,
I have received a couple of PM's telling me that with the last detailed Post against a query directed at SH(TWH) I am trying to show "one up manship" also telling me that I am trying to prove my self better than SH!!!
Friends let me put it here once again, I respect SH as much as any other person here if not more, not only because he shares his observations and strategies without seeking anything in return but also for the "time" he gives in replying to the queries. Its not an easy task to monitor such an active thread regulalrly but he does it.
I wrote what I have understood about 315 and have no intention of hijacking the thread from SH, which I cannot wvwn if I tried.. and for what would I do it.
My simple request : I dont mind being criticised but please do it here in the open, dont send me PM's complainting and asking me to stop posting here and asking me further to concentrate on the other thread started by me.
I wanted to copy paste the nasty PM's here but that would only escalte war of words!!
If even a single person writes here that I am somehow disturbing the Thread , I will stop it in future!! But I do feel that by getting different views at times something good can emerge from them.
All the best.
I have received a couple of PM's telling me that with the last detailed Post against a query directed at SH(TWH) I am trying to show "one up manship" also telling me that I am trying to prove my self better than SH!!!
Friends let me put it here once again, I respect SH as much as any other person here if not more, not only because he shares his observations and strategies without seeking anything in return but also for the "time" he gives in replying to the queries. Its not an easy task to monitor such an active thread regulalrly but he does it.
I wrote what I have understood about 315 and have no intention of hijacking the thread from SH, which I cannot wvwn if I tried.. and for what would I do it.
My simple request : I dont mind being criticised but please do it here in the open, dont send me PM's complainting and asking me to stop posting here and asking me further to concentrate on the other thread started by me.
I wanted to copy paste the nasty PM's here but that would only escalte war of words!!
If even a single person writes here that I am somehow disturbing the Thread , I will stop it in future!! But I do feel that by getting different views at times something good can emerge from them.
All the best.
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