SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

Sh any idea to avoid whipsaw, though it is small but loss of time, money and patience.

anil negi

In trading you will need to invest time, money and patience to make money ....there is unfortunately no short cut.

Cheers
SH

 

[timepass]

In trading you will need to invest time, money and patience to make money ....there is unfortunately no short cut.

Cheers
SH

:clap::clap:

Why didn't you tell me that 6 years ago

 

[mangup]

Dear SH Sir,

Could u pl suggest while following a trend following system like 315 EOD, which one is beneficial .... scaling IN/OUT?

 

[trade4joisar]

In trading you will need to invest time, money and patience to make money ....there is unfortunately no short cut.

Cheers
SH

This is what SH want to say

Its not the technical analysis which is at fault becuase of 20% wins and 80% losses, its the trader himself. Ask yourself with hand on heart, how long have you traded a TA strategy without any personal and emotional bias... ? If you havent been, than every TA strategy will fail you ....

Signs of personal and emotional bias:

1. My last 2 trades have whipsawed, I will not take the third trade now .. the mkt is out there to get me ( and the third trade will be a huge winner ... you end up cursing TA or the markets)

2. I dont have a good feeling about this trade ... as soon as i entered the trade mkts have stopped or gone slightly against me .. let me close this trade before it hits SL ( and the mkts actually reverses and trade goes in deep profit.. you end up cursing TA or the markets)

3. Wow my trade is finally in profit .. but it seems momentum is ending now .. let me book whatever profits are available and wait for the next trade ( same as 2 above, you end up booking small profit and miss on the bumber trade.. you end up cursing TA or the markets)

4. Damn my SL is hit .. but mkts always hit my SL and reverses .. so I will hold the position and exit at breakeven (voila... the mkts keep going against your position and instead of taking small loss you take a BIG loss ..you end up cursing TA or the markets)

5. Wow my last 3 trades have been winners... I have cracked it ... its easy to make money in mkts .... let me put in more capital or increase my leverage and trade larger quantity ..... lets rake the moolah ! ( crap... the 4th trade whipsaws ... you end up losing more money in this one single trade than the entire profit made in last 3 trades ... you end up cursing TA and mkts)

6. Damn .. I havent been making any money (becuase of above 5) whereas some random guy online is making huge money everytime he trades .. I am sure my strategy is not good .. let me find some new strategy or holy grail.... (repeat of 1 to 5 on new strategy as well .. you end up cursing TA or the mkts)


I can add more signs and I am sure 100% traders would have gone through above, the only difference between a successful trader and a loser is how you manage your emotions ... believe me you cant manage the markets ... you focus on managing what you can control .. YOURSELF

Cheers
SH

 

[sonai_81]

Hi SH Sir...Nice to see u back again...you r our inspiration...I am still following ur strategy...currently holding short position in nifty...pls advise when to move to next series..tomorrow is expiry...

 

[Samgos]

Hi ,

Can anyone tell , today 3EMA left in Nifty Future ?? ...


Thanks

 

[anupam0815]

315 crossover today for initiating Longs.

 

[amitsh27]

Ya right...so when and how to take position as per strategy? Can it also be a false BO?? Someone pls explain...tks !

 

[sonai_81]

Today I have already taken long position at 3:25pm

 

[rh6996]

All people who are trading HALF BAKED 315 Strategy , i.e. trading only the crossover, I would like to draw your attention to these posts by one : Umesh Mandal :
This is not to discourage people from Trading 315 Set up, just a reminder that DO TRADE THE ENTIRE STRATEGY and not just the crossover !

http://www.traderji.com/technical-a...gy-how-use-if-effectively-108.html#post614570

Went through the entire thread (almost) Did not find figure or Excel sheet or simple mention of the Profit by anyone analysing just the crossovers of 3 and 15 EMA's, i.e. without 3EMA not touching exits and adds at 15 ema!!

So I tried to analyse it Bar by bar and am surprised at the results!!

This result shows why so many people seek clarification for such a simple Strategy i.e.: Buy when 3 ema cross 15 ema and goes above and reverse to Sell when 3 EMA cross 15 EMA and goes below!!!

As mentioned by SH and N number of times by rkkarnani and a few others, the strength of the strategy lies in the Exits at 3EMA not touching and Add at 15 EMA touch and also Money Management...

So the members who tried to Trade it by just Buying and Selling on Crossover were getting anhilated by the market and were clamouring for guidance time and again!!!

I also now understand why some people were skeptical about a EMA crossover strategy being Profitable!!!

Hopefully with New Rules of Exit the Strategy would be Comfortable and more Profitable!!

AND :

http://www.traderji.com/technical-a...gy-how-use-if-effectively-108.html#post614573

I would like to Post a WARNING!! hazarding many members would not like it :

DO NOT TRADE 315 STRATEGY JUST ON 3 AND 15 EMA ALONE. IT WILL BE INJURIOUS TO YOUR WEALTH!!!

One needs to be well versed with 3EMA exits and 15 EMA adds to go for trading based on this strategy!!

It might have further been improved with the NEW exit rules but have not gone through them hence not commenting on them!!

I repeat : Do not trade the Crossovers only, the strategy by SH has much more in it than simple crossovers!!!