SH's 315 Strategy - how to use if effectively

[rkkarnani]

Thanks all for the kind words... had some self doubts actually!! Because at times I had the tendency to post my own views which were at times a bit divergent to the 'original' strategy.. happy to note that the same had helped at times!!! Surely I will continue here till either SH (TWH) or the Admin says not to!!!

 

[mmca2006]

------- Surely I will continue here till either SH (TWH) or the Admin says not to!!!

your view matters and helps others,please carry on.

 

[Hari_8385]

is it possible for you to show some performance records which are successful based on this strategy?

 

[trade4joisar]

is it possible for you to show some performance records which are successful based on this strategy?

If you believe me, i am follower of this thread from Jan, 2011. I know what i missed when is don't traded with this & what i got when i traded with.

As you are new to traderji, i will request to you go thorough all the post (i know its too much but it will give you confidence enough to trade with this & all know half knowledg is very danger.).

Don't give a 2nd thought, this strategy is one of the best i have ever traded with. :thumb:

 

[rkkarnani]

is it possible for you to show some performance records which are successful based on this strategy?

Hari, Believe me , with the same rules for this strategy the actual performance will differ from Trader to Trader. It shall not be of much value to look at the results as perceived by others. Best is to do your own analysis and for that one thing that I feel is a must is "written" rules for trading. Write down the trading rules and then analyse the past performance!! Should boost your confidence for the strategy!!

 

[mangup]

Dear SH,

I have gone through the whole thread still I have few queries as below -
1. If we are in 315 bearish crossover mode & if we get a candle whose low is not touching 3 EMA, do we exit or we exit as per 2 consequetive rise in 3 EMA value?
eg- candles dt:- 1 dec 11, 7 oct 11, 2 sep 11, 16 feb 11, 28 may 10 , 13 may 10, 20 aug 10, 16 jul 09,
2. If we are in 315 bearish crossover mode. Let's say a candles high is not touching 15 EMA & far behind. We are wating for ADD Short. Next day on gap up if we get a candle whose low is not touching 15 EMA, do we add or we wait till it touches 15 EMA?
eg- candles dt:-1 dec 11, 16 jul 09,

3. If we are in 315 buy crossover mode & wating for ADD long. Let's say a candles touches 15 EMA but high is not touching 3 EMA. Do we add or exit the original position?
eg- candles dt:-11 nov 11, 18 oct 11, 12 jul 11, 10 mar 11, 1 jul 10, 7 jun 10, 5 sep 08, 8 may 08, 8 nov 07, 14 jul 06, 28 apr 06, 12 jan 06,

4. Also i read in the thread that SL is the original entry pt once our position moves in app 100 pts. Is there any trailing SL if we are in deep profits & are not getting any exits because of "No 3 EMA touch"?
5. If we are in 315 bearish crossover mode & next day mkt opens with very less gap in 3 EMA & Open. As per rule we do not exit. Now suppose if mkt close with a big gap let's say 50-60 pts in 3 EMA & Open. Do we exit since the gap has increased? Here a suggestion may come that if diff betn 3EMA & Close is more that 50-60, we may exit?
5. If we want to add as per 15 EMA touch/near to touch. Is there any min/max distance required for making it as a valid touch?

Kindly clarify.

Dear SH,

Pl reply to below post.
http://www.traderji.com/technical-a...gy-how-use-if-effectively-432.html#post614728

For second post
http://www.traderji.com/technical-a...gy-how-use-if-effectively-433.html#post615436

I have mentioned the dates as an example above.

 

[Tradewithhunter]

Mkts at 4585 and 3 EMA at 4650.

Booked shorts ...will re-enter at around 4640-4650 zone or 3 EMA touch whichever happens first.

Cheers
SH

 

[Tradewithhunter]

Dear SH,

Is it the right time to share your other strategy viz.LTMA strategy & 2 Turtles Strategy now?

Hi Mangup - I have already shared LTMA strategy which is known as market correction prediction strategy here.

I dropped Turtles as it wasnt suiting my style.

Cheers
SH

 

[Tradewithhunter]

Dear SH,

I have gone through the whole thread still I have few queries as below -
1. If we are in 315 bearish crossover mode & if we get a candle whose low is not touching 3 EMA, do we exit or we exit as per 2 consequetive rise in 3 EMA value?
2. If we are in 315 bearish crossover mode. Let's say a candles high is not touching 15 EMA & far behind. We are wating for ADD Short. Next day on gap up if we get a candle whose low is not touching 15 EMA, do we add or we wait till it touches 15 EMA?
3. If we are in 315 buy crossover mode & wating for ADD long. Let's say a candles touches 15 EMA but high is not touching 3 EMA. Do we add or exit the original position?
4. Also i read in the thread that SL is the original entry pt once our position moves in app 100 pts. Is there any trailing SL if we are in deep profits & are not getting any exits because of "No 3 EMA touch"?
5. If we are in 315 bearish crossover mode & next day mkt opens with very less gap in 3 EMA & Open. As per rule we do not exit. Now suppose if mkt close with a big gap let's say 50-60 pts in 3 EMA & Open. Do we exit since the gap has increased? Here a suggestion may come that if diff betn 3EMA & Close is more that 50-60, we may exit?
5. If we want to add as per 15 EMA touch/near to touch. Is there any min/max distance required for making it as a valid touch?

Kindly clarify.

Mangup - you need to show me the charts with above scenarios for me to answer the queries.

But lemme try taking a stab by imagining the charts in your scenarios.

1. 315 bearish mode and a candle whose low is not touching 3 EMA ... it would mean a gap up candle in a bearish trend which did not retrace back to 3 EMA... I would wait for next day ... if it gaps up again ...its a blind short (3 EMA reversal within two days kicks in)... however even if mkts falls to touch 3 EMA but at day end 3 EMA has moved up for 2 days consecutively .. book all shorts as per new rule.

2. In this scenario also you are talking about gap ups while we are holding shorts. If the original shorts are in good profit .. you can add short on day 2 ..however if on day 2 nifty doesnt fall and you get 2 days of 3 EMA adverse move .. you exit shorts as per new rule.

3. This is an absolute opposite situation as Q1 above ... same response.

4. Use a TSL which suits you ... previous candle high breached can be one of the TSL ... or exit when nifty is trading in the 'greater fool's zone' .. the choice of TSL depends on the trader .. no prescription here.

5. No min/max ... the candle should touch the EMA.

Cheers
SH

 

[jallanankit]

Mkts at 4585 and 3 EMA at 4650.

Booked shorts ...will re-enter at around 4640-4650 zone or 3 EMA touch whichever happens first.

Cheers
SH

Thats all correct sir.!!
How abt the prospects of entering long here... and going short near 3 ema levels..!!