SH's 315 Strategy - how to use if effectively

[timepass]

Dear TP,
It's very difficult to say that every time when on particular day if Low> 3EMA, next day it will fall. There has to be some other additional confirmation to predict the next day price action.

If have observed that if next day's close is below that day's low, it will continue fall till 3EMA. But again this will delay the entry & reduce profit potential.

Of course. And there's always the possibility that 3ema may rise to meet the price .

Presently 3ema is 5332.

 

[timepass]

Dear TP,
It's very difficult to say that every time when on particular day if Low> 3EMA, next day it will fall. There has to be some other additional confirmation to predict the next day price action.

If have observed that if next day's close is below that day's low, it will continue fall till 3EMA. But again this will delay the entry & reduce profit potential.

Of course. And there's always the possibility that 3ema may rise to meet the price .

Presently 3ema is 5353.

 

[rh6996]

IIP no.s are out, in next hour you can see the 3EMA touch.

It may, but seems a bit difficult, unless market falls and gives a low on the bar and then rises, making the 3EMA rise and touch the low happen!!

 

[ssijbabu]

Hi,

Anybody having metstock code(Export Adviser and Simulation) for this stratigies?

Regards,
Sujay

 

[angrish99]

Long on nifty AT 5383.

 

[rampalp]

Respected Tradewith hunterji,
sorry for my novice question but please clarify..
What is the 3EMA reversal rule
and
wht is the greater's fools zone and how do we locate it?

 

[umeshlp]

rampalp-

3EMA reversal rule: when 3 EMA goes above 15 EMA, take entry at 3.25 pm (for long) on same day (on daily chart). For shorts you need an exact opposite setup.

greater's fools zone : pl. read http://www.traderji.com/technical-analysis/63589-shs-trading-greater-fool-zone.html

It has all details.

 

[msri]

rampalp-

3EMA reversal rule: when 3 EMA goes above 15 EMA, take entry at 3.25 pm (for long) on same day (on daily chart). For shorts you need an exact opposite setup.

greater's fools zone : pl. read http://www.traderji.com/technical-analysis/63589-shs-trading-greater-fool-zone.html

It has all details.

Do you mean to say that going long or short is based on crossover?

 

[rh6996]

Do you mean to say that going long or short is based on crossover?

That is the basic rule... and a few more..best would be to take the trouble of going through this lengthy thread to understand the finer points!!

 

[angrish99]

Booked profit of 27 points. Long again at 5434.