SH's 315 Strategy - how to use if effectively

[gunsho]

I am a bit confused about the SL. At one point SH mentioned to move the SL to the entry point once the trade is in sufficient profits. In another posts he has mentioned that there is no SL for this strategy and we just need to reverse trade as and when we get the reversal signal. So , what is the experience of people here? Should we have a SL or not? If a SL is advisable, please also explain the re-entry strategy after the SL has been hit.

http://www.traderji.com/technical-a...tegy-how-use-if-effectively-3.html#post347026

This will answer your questions regarding SL. SH recommends SL if you are conservative. Risky traders can use crossover for SL.

SL comes into play if you are in a good profitable position than your entry.

 

[rammishra9213]

how to trade with it in sideways market.

 

[rh6996]

how to trade with it in sideways market.

Go down to lower time frame is one option. Though SH has given a good way of exiting on contramoves of 3EMA!! That can keep one out of trade in sideways market!!

 

[All Rounder]

The present trade may reinforce your view... on plain crossover, we had a Short at ~4930 on 30th May, it did a low of ~4760 and if it remains high today will reverse to Long at 5000+!! So one needs to trade the entire strategy and not the crossover alone !!! The short at 4930 was exited at close yesterday when 3EMA close was higher on 2 consecutive occassions !!

Hi,

I am new to Traderji and this thread. I like the site and particulary this thread much. SH and other senior members are doing a great help to others.

I have gone through about first 75 pages of the thread to understand the strategy. The strategy seems to be good.

Now I have started browsing recent pages and see a couple of such messages. So this strategy as described in initial pages complete in itself or is there some modifications and adjustments to same in between? (It will be heavy to go through 500+ pages of the thread, especially when most of them will be regarding trades and positions at the particular moment)

Will be greatful for reply and clarification.
Thanks in advance

Cheers

 

[umeshmandal]

There have been continuous changes in strategy...basic remaining same, but some exit and reentry rules posted. Please do note I had mentioned somehwere.. Trading just the crossover can erode your capital over a period!! You must trade the entrie concept!!!

 

[umeshmandal]

Friends, I found this Trade Diary vey impressive! The trader seems to be evolving every passing day!! His/her trades are primarily based on 315 strategy.. hence one can have a look!!

http://www.traderji.com/trading-diary/69641-my-trading-diary-nifty-futures.html

 

[All Rounder]

There have been continuous changes in strategy...basic remaining same, but some exit and reentry rules posted. Please do note I had mentioned somehwere.. Trading just the crossover can erode your capital over a period!! You must trade the entrie concept!!!

Hi Umesh,

Thanks for your quick reply. Will it be possible to have all rules together? Probably can we add the rules / links to the first post...

As I mentioned, going through 550 pages will be very painful, specially when most of the them are filled with then current trade details.. And strategy seems too good to be not looked at...

This will be very helpful to any member not knowing this strategy earlier.

If links are available, I can compile rules (make a doc/pdf) and post the same..

Looking forward to help from all senior members in this regard...

 

[mangup]

Friends, I found this Trade Diary vey impressive! The trader seems to be evolving every passing day!! His/her trades are primarily based on 315 strategy.. hence one can have a look!!

http://www.traderji.com/trading-diary/69641-my-trading-diary-nifty-futures.html

The Trader is not at all revealing his modified rules in the strategy with regards to 315 basic. What's the use of u don't know the logic behind the trade?

 

[technofriends]

As per SH's 315 Strategy, looks like Yes Bank can be a SELL tomorrow. Am i reading it right?

Chart attached.

 

[technofriends]

As per SH's 315 Strategy, looks like Yes Bank can be a SELL tomorrow. Am i reading it right?

Chart attached.

Yes, i think it was SELL. Its down 1.5% today.