SH's 315 Strategy - how to use if effectively

[angrish99]

dear deepan,
thanks for summerising all the facts, i was also reading the thread it is bulky now and to extract the meaningful is a tough task

 

[rkkarnani]

Dear Tradewithhunter,

THANKS A LOT for your simple and proven strategy... I have studied almost all the posts again and again to get myself more and more clear about this theory. Here are my conclusions, Please correct me if I am wrong:

1) This strategy is for EOD (Swing) Trading.

2) In absence of Ichart and Sherkhan terminal, I use intraday data with the chart of 'daily' time frame in Aibroker... Hope this is correct.

3) We will make NEW POSITION at the cross over... We will LONG if (i) candle closes above 15 EMA and (ii) 3 EMA croses 15 EMA from Lower side. (i.e. 3 EMA is greater than 15 EMA). In the same way, we will 'SHORT' if (i) candle closes below 15 EMA and (ii) If 3 EMA crosses 15 EMA from Upside. (i.e. 3 EMA is lower than 15 EMA).

4) Cross overs will be confirmed at around 3:25. (i.e. when market is about to close)

5) Initially, Stop loss for the Fresh Positions is Opposite Cross Over. Once market moves in the direction of tread for at-least 100 points, our (trailing) stop loss will be our entry price.

6) We will exit (fully or partially) when the candle is significantly away form 3 EMA... (Here significant means, the gap should be at least of 1% - 2%, correct?) This exit will be made on the opening market without waiting for the market to close.

7) We will re-enter when Candle touches the 03 EMA. For safe re-entry, enter only when the candle breaches the High (if the Original Trade is Long) or Low (if the original trade is 'Short') of the previous candle...

8) We will 'ADD' when price touches 15 EMA and 3 EMA is (for LONG) Above / (for SHRT) Below the 15 EMA or 3 EMA has kissed 15 EMA. We will 'ADD' only if (i) the next day candle breaches High (for Long) or Low (for Short) of the previous day candle and (ii) We will 'ADD' only if our original trade is in profit of at-least 100 points This ADD will be done at the current market price without waiting for market to close. Do not ADD at around the same level where initially entered previously (range bound markets).

9) Weekly 315 EMA can be used to define trend...

Please correct me if I am wrong anywhere or if I have missed any important basic rule(s).

Thanks a lot..

Thanks for this effort!! Will surely help members visitng this thread for the first time!!
However there was some additional rule, must be there hidden in this BIG thread :It was something like this : Exit position when 3EMA moves in contra direction for 2 consecutive days... if you are long and 3EMA is lower than previous day today and if tomorrow 3EMA is again lower than today.. we exit at close.. please do look for it as I think it is important!!!

 

[deepanshah13]

Thanks for this effort!! Will surely help members visitng this thread for the first time!!
However there was some additional rule, must be there hidden in this BIG thread :It was something like this : Exit position when 3EMA moves in contra direction for 2 consecutive days... if you are long and 3EMA is lower than previous day today and if tomorrow 3EMA is again lower than today.. we exit at close.. please do look for it as I think it is important!!!

Dear RK, Thanks a lot for your feedback... After posting these Basic and Important Rules, I remembered about this rule... Thanks for putting it here...

 

[rkkarnani]

Dear RK, Thanks a lot for your feedback... After posting these Basic and Important Rules, I remembered about this rule... Thanks for putting it here...

Welcome deepenshah, Please edit your post and include this Rule if not already doen and also add the reentry Rule for this Exit... dont exactly remember... reenter when 3 EMA moves in Trade direction or is it reenter when 3EMA moves consecutively for 2 days in trade direction!!!

 

[thanibee]

EMA Cross Over for short done.

 

[blackberry]

Thanks for this effort!! Will surely help members visitng this thread for the first time!!
However there was some additional rule, must be there hidden in this BIG thread :It was something like this : Exit position when 3EMA moves in contra direction for 2 consecutive days... if you are long and 3EMA is lower than previous day today and if tomorrow 3EMA is again lower than today.. we exit at close.. please do look for it as I think it is important!!!

Some more rules were added to this later by SH.1 I remember.
Exit when 3 Day EMA moves against your position consecutively 2 days .Am I right.If some more here please make in points.

 

[blackberry]

Has MINIFTY-I given add signal today??? What are the views regarding this???

Looks like it is not "add".It is shorts which will open.Wait.....

Till now today's low is 5175 it it crosses below tomorrow,surely short it.Am I right?..I think it is another safeguard rule.

 

[ashutosh.krsrivastava]

Looks like it is not "add".It is shorts which will open.Wait.....

Till now today's low is 5175 it it crosses below tomorrow,surely short it.Am I right?..I think it is another safeguard rule.

So We should short it tomorrow... isnt it.. What should be levels?
Today's low is 5175??? I thought it was 5198..
Seniors please Help regarding levels...
Should we short below 5198...
What should be SL???
Should we wait till tomorrow 3:15 hrs or enter into trade tomorrow morning as conditions for short were met today only???
regards
Srivastava

 

[angrish99]

short minifty at 5226

 

[blackberry]

So We should short it tomorrow... isnt it.. What should be levels?
Today's low is 5175??? I thought it was 5198..
Seniors please Help regarding levels...
Should we short below 5198...
What should be SL???
Should we wait till tomorrow 3:15 hrs or enter into trade tomorrow morning as conditions for short were met today only???
regards
Srivastava

I think spot nifty is 5190 Low Nifty July future low for today is 5175.