SH's 315 Strategy - how to use if effectively

[timepass]

Fresh short positions you mean?? 3EMA might cross over 15EMA on the bear side..

No. I meant that someone may have re-entered longs on 15ema touch.

 

[dashr]

Fresh shorts possible today.

 

[smartshahezad]

http://www.traderji.com/technical-analysis/73985-trend-reversal-2.html#post731449

 

[rh6996]

Maybe fresh positions today on 15EMA touch, but I guess the longs would've been squared off earlier when 3ema went against the trend for 2 consecutive sessions.

If Longs were squared, then it would be 're-entry" !

 

[dashr]

Signs of healthy market as NIFTY rebounded from about 15EMA. So, no shorts for this week.

 

[akrsrivastava]

Nifty rebounded from 15 EMA (at which I re-entered long). And now it has again come down to the 15 EMA levels.

 

[smartshahezad]

Nifty rebounded from 15 EMA (at which I re-entered long). And now it has again come down to the 15 EMA levels.

Its fine mate.. Maintain stops.. The market is rangebound.. Stops will help you not get washed away..

 

[akrsrivastava]

Its fine mate.. Maintain stops.. The market is rangebound.. Stops will help you not get washed away..

This trading strategy does not have guidance on where to put Stops. What stops do you use?

 

[smartshahezad]

This trading strategy does not have guidance on where to put Stops. What stops do you use?

For me it depends.. I have different kinds of SLs based on different things used in different situations.. Sometimes is the High-Low or sometimes its based on SH's Swing Trading Setup(SAR) or sometimes i even use Dr Alexander Elder's SafeZone Stops..

 

[smartshahezad]

3EMA < 15EMA now, time to go short now...

Short around the open of tomorrow.. If it'd be a gap down, i am still planning to short and buy some calls to hedge.. SL for me would be today's High (Similar to SH's Swing Trading Setup)..