SH's 315 Strategy - how to use if effectively

[umeshlp]

The Rule :

The exit points are where you find our 'current' EOD candle is not touching 3 EMA at all. On this candle, we book profits and wait for markets to correct back and touch 3 EMA again. As soon as 3 EMA is touched we jump back into our initiaal position. So in a way we stay with our position, we just exit it once and get back in after a small correction.

So the rule is applicable when you are already have long position & when stock/nifty opens above 3ema (at least by 1%) & you exit long. Then you re-enter long when price touches again 3ema.

Was today nifty above 3ema by at least 1% (on daily TF) anytime to book profit?

 

[Baloon]

So the rule is applicable when you are already have long position & when stock/nifty opens above 3ema (at least by 1%) & you exit long. Then you re-enter long when price touches again 3ema.

Was today nifty above 3ema by at least 1% (on daily TF) anytime to book profit?

Profits were booked on gap up yesterday. Today is re-entry.

 

[umeshlp]

Profits were booked on gap up yesterday. Today is re-entry.

Perfect.....................................

 

[sb.ga]

Re - entered Nifty at 15 EMA Touch at 5404

 

[vmktrade]

Re - entered Nifty at 15 EMA Touch at 5404

I do not have access to live chart right now, can you please confirm if it is still a bullish crossover ?

 

[sb.ga]

I do not have access to live chart right now, can you please confirm if it is still a bullish crossover ?

Yes it is still bullish crosssover

 

[Satyen]

Hi All
There was a discussion on 2 conscutive days move of 45 day EMA and then take trade in the dirrection ... I could not find the posts can anybody give me the links to those posts in this thread ...

Thanks

 

[bhurasandip]

SH,
Sorry for asking such a silly question? For calculation of EMA of particular script which one will be better?
1) data of last one month.
2) data of last one year.

Or EMA of both cases will be same.
Thanks for your support uptill now.

 

[Tradewithhunter]

SH,
Sorry for asking such a silly question? For calculation of EMA of particular script which one will be better?
1) data of last one month.
2) data of last one year.

Or EMA of both cases will be same.
Thanks for your support uptill now.

Use last 1 year

Cheers
SH

 

[vinst]

Use last 1 year

Cheers
SH

15 days are sufficient provided on the first day of calculation, set the ema to be equal to closing price of first day.