SH's 315 Strategy - how to use if effectively

[[email protected]]

Since it is suggested by mr.Sureshciyer, that I shouldnot use this technique, for intraday, my curiosity had gone, on learning further on this, however thank you guys, for sending me the replies.
R.Kumaraswamy, Chennai, Avadi

 

[Tradewithhunter]

Hi SH.. i am confused with the entry part... when do u enter.. is it when ur 15ema is not touching the candle and the crossover happens.. or just when a crossover happens.. yesterday bearish crossover took place.. but both ema touching the candle.. and similarly on 27th November bearish crossover happened and both ema touching the candle..

Pls explain.

thanks

Mayur - we enter at a simple EMA crossover.. forget about candles while deciding the entry.

Cheers

SH

 

[[email protected]]

But I want to know more on interpreting candle light chart, so that we atleast know appromately, when to enter in, and when to come out, in the intraday trading.
Can our community help me in this regard, by suggesting the sources of availabilty, of this candle light learning.
R.Kumaraswamy, Chennai avadi.

 

[mayur553]

Mayur - we enter at a simple EMA crossover.. forget about candles while deciding the entry.

Cheers

SH

if we enter at a simple ema crossover then on 27th nov it was bearish crossover.. but it reversed.. and u were expecting a reversal... and actually i didn't understood the point u made there...

 

[Tradewithhunter]

Closed Longs at 5040 and opened shorts at 5040.

Net profit in the bull trade is 191 points.


Cheers
SH

NF now at 5008 , todays candle not touching 3 EMA hence i have booked my shorts at 5008 for the time being (profit 32 points). Will re-enter shorts at 3 EMA touch at around 5040 again .... or will short lower as the case may be.

Cheers
SH

 

[jkm10]

nf now at 5008 , todays candle not touching 3 ema hence i have booked my shorts at 5008 for the time being (profit 32 points). Will re-enter shorts at 3 ema touch at around 5040 again .... Or will short lower as the case may be.

Cheers
sh

sir,
i m a regular visitor of your thread.
I have a query..how do you locate these intraday charts....candle not touching 3 ema and 3 ema touch around 5040...any website....

Thanx..

regards,

jk

 

[observer]

SH, how do we ADD, is it at EOD? IDEA Cellular looks like a ADD candidate, but cannot decide when and what price?

 

[Tradewithhunter]

SH, how do we ADD, is it at EOD? IDEA Cellular looks like a ADD candidate, but cannot decide when and what price?

Attached is the IDEA chart with todays candle .. as you can see IDEA opened today close to the 15 EMA and went up ... but the candle did not touch 15 EMA which is around 55.80 right now. I would say you keep 56 as the ADD point for IDEA.

Keep enjoying.

SH

 

[Tradewithhunter]

sir,
i m a regular visitor of your thread.
I have a query..how do you locate these intraday charts....candle not touching 3 ema and 3 ema touch around 5040...any website....

Thanx..

regards,

jk

I use Icharts premium services. Attached are the current NF charts.. as you can see todays candle is not touching 3 EMA right now .. 3 EMA is around 5040.

Hope this helps.

Cheers
SH

 

[observer]

Attached is the IDEA chart with todays candle .. as you can see IDEA opened today close to the 15 EMA and went up ... but the candle did not touch 15 EMA which is around 55.80 right now. I would say you keep 56 as the ADD point for IDEA.

Keep enjoying.

SH

Thanks
So it is not EOD decision, the ADD is at around the price touching the 15ema.