SH's 315 Strategy - how to use if effectively

[rh6996]

yes but at present it is not rising rather it is coming down, now the value is 5361.5

What happens is, when market goes down, it creats a low on the Bar/Candle and then when it rises again, it owuld require lower level to make the bar kiss the 15 EMA

 

[manojborle]

What happens is, when market goes down, it creats a low on the Bar/Candle and then when it rises again, it owuld require lower level to make the bar kiss the 15 EMA

So today there was no ADD in nifty future, still 15 EMA is around 5363

 

[manojborle]

Shorted Renuka @ 31.6 and SCI @ 54 (Just a paper trade)

BataIndia no bullish crossover, so no Long entry

SCI closed @ 53.3 and Renuka closed at 31.65

 

[angrish99]

Price below 3 EMA WHAT TO DO? Nifty

 

[manojborle]

Price below 3 EMA WHAT TO DO? Nifty

I think this is not the exit condition, you exit when the current candle does not touch 3 EMA.

So now you should wait for price to touch 15 EMA to ADD to your position if you are in profit or wait till the bearish crossover happens

 

[akrsrivastava]

This is regarding the rule to exit when 3 EMA moves in opposite direction for two days. How does it relate to adding to a position when price retouches 15 EMA? There will be occasions when 3 EMA has moved in opposite direction to our trade for two days and also the price has touched 15 EMA. Seems like this might happen today. What to do in case of such contradicting signals?

Thanks,
Amit

 

[manojborle]

Nifty future is coming near 15 EMA which is at 5367

 

[manojborle]

Nifty future is coming near 15 EMA which is at 5367

made a low of 5367.2, Is it taking support at 15 EMA, should buy now or wait till EOD ?

 

[timepass]

I've been thinking the same, about the 15ema touch; but it doesn't seem such a good idea.. Maybe some options...........

 

[manojborle]

made a low of 5367.2, Is it taking support at 15 EMA, should buy now or wait till EOD ?

Think it was good decision to wait till EOD, Nifty future may close below 15 EMA and tomorrow may be bearish crossover