SH's 315 Strategy - how to use if effectively
- Thread starter Tradewithhunter
- Start date
I have read the rules and in charts it looks awsome. Am planning to tweak it? I am not sure if I have the know-how. Let me see. I am a bit of fattu trader, so will try to tweak it and make limited loss/ limited profit kinda thing for self.
Let me try to finish reading the entire stratagy.
And Dear rh6996, I have read your comments quite a few time in some threads. your observations are great. I am sure if I could get some guidance from you I would be honored. :thumb:
Btw can anyone share if they are using this? I haven't gone through the entire thread, pardon me.
rgds.
Let me try to finish reading the entire stratagy.
And Dear rh6996, I have read your comments quite a few time in some threads. your observations are great. I am sure if I could get some guidance from you I would be honored. :thumb:
Btw can anyone share if they are using this? I haven't gone through the entire thread, pardon me.
rgds.
Thanks for your kind words !
A few things suggested as tweaks here and in a separate thread by a few seniors are :
Do not enter on crossover but enter on breach of high or low of the bar on which EMA's crosses.
One interesting observation by me : If you follow all the rules of the thread, manage the trade intraday with same rules in 30 minutes chart with limited targets intraday !
A few things suggested as tweaks here and in a separate thread by a few seniors are :
Do not enter on crossover but enter on breach of high or low of the bar on which EMA's crosses.
One interesting observation by me : If you follow all the rules of the thread, manage the trade intraday with same rules in 30 minutes chart with limited targets intraday !
NOT ENTERING ON CROSSOVER : Enter above the high for a Buy :
On 29th May we had a Long Crossover, instead of going long , wait for the high of the 29th to be breached by a small filter say 5/10 points and go long above that. In this case the next day high of the bar on 29th was not breached, so we remained Short... we avoided a whip. However do note that quiet often we may find entering at higher levels than the strategy prescribes hence one needs to evaluate the long term benefit of following this rule.
On 27th Feb a Short was avoided, which resulted in saving another Long trade on 28th !
On 29th May we had a Long Crossover, instead of going long , wait for the high of the 29th to be breached by a small filter say 5/10 points and go long above that. In this case the next day high of the bar on 29th was not breached, so we remained Short... we avoided a whip. However do note that quiet often we may find entering at higher levels than the strategy prescribes hence one needs to evaluate the long term benefit of following this rule.
On 27th Feb a Short was avoided, which resulted in saving another Long trade on 28th !
Have a look the thread on Narrow Range...
http://www.traderji.com/advanced-trading-strategies/29825-trading-nr7-setup.html
http://www.traderji.com/advanced-trading-strategies/29825-trading-nr7-setup.html
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