SH's 315 Strategy - how to use if effectively
- Thread starter Tradewithhunter
- Start date
Hi SH.
I have been silently lurking around this forum for the past few months to get an understanding of the Indian markets. I have traded currencies in the international markets with some success in terms of capital preservation. I am a huge fan of price action based trading strategy with trend following.
This is my first post on TJ & I want to take this opportunity to thank you for this wonderful trading method that you have shared with this beautiful TJ community. I believe you have relentlessly worked on this method & have been trading this for a while with success.
The only gray area for me: According to your method, what would the initial S/L be? I know you mentioned somewhere that the ENTRY point will be your Stop Loss when your position is in the green by about 100 points or so but does that mean you normally take trades with no stop loss at all?
In that case when do u decide to exit a trade that's not going in your favor. When an opposite crossover happens?
On a side note, I may be able to chip in with an idea to minimize(if not eliminate) the whipsaws.
My apologies for this long post.
Looking forward to hearing from you, SH.
I have been silently lurking around this forum for the past few months to get an understanding of the Indian markets. I have traded currencies in the international markets with some success in terms of capital preservation. I am a huge fan of price action based trading strategy with trend following.
This is my first post on TJ & I want to take this opportunity to thank you for this wonderful trading method that you have shared with this beautiful TJ community. I believe you have relentlessly worked on this method & have been trading this for a while with success.
The only gray area for me: According to your method, what would the initial S/L be? I know you mentioned somewhere that the ENTRY point will be your Stop Loss when your position is in the green by about 100 points or so but does that mean you normally take trades with no stop loss at all?
In that case when do u decide to exit a trade that's not going in your favor. When an opposite crossover happens?
On a side note, I may be able to chip in with an idea to minimize(if not eliminate) the whipsaws.
My apologies for this long post.
Looking forward to hearing from you, SH.
Hi SH.
I have been silently lurking around this forum for the past few months to get an understanding of the Indian markets. I have traded currencies in the international markets with some success in terms of capital preservation. I am a huge fan of price action based trading strategy with trend following.
This is my first post on TJ & I want to take this opportunity to thank you for this wonderful trading method that you have shared with this beautiful TJ community. I believe you have relentlessly worked on this method & have been trading this for a while with success.
The only gray area for me: According to your method, what would the initial S/L be? I know you mentioned somewhere that the ENTRY point will be your Stop Loss when your position is in the green by about 100 points or so but does that mean you normally take trades with no stop loss at all?
In that case when do u decide to exit a trade that's not going in your favor. When an opposite crossover happens?
On a side note, I may be able to chip in with an idea to minimize(if not eliminate) the whipsaws.
My apologies for this long post.
Looking forward to hearing from you, SH.
I have been silently lurking around this forum for the past few months to get an understanding of the Indian markets. I have traded currencies in the international markets with some success in terms of capital preservation. I am a huge fan of price action based trading strategy with trend following.
This is my first post on TJ & I want to take this opportunity to thank you for this wonderful trading method that you have shared with this beautiful TJ community. I believe you have relentlessly worked on this method & have been trading this for a while with success.
The only gray area for me: According to your method, what would the initial S/L be? I know you mentioned somewhere that the ENTRY point will be your Stop Loss when your position is in the green by about 100 points or so but does that mean you normally take trades with no stop loss at all?
In that case when do u decide to exit a trade that's not going in your favor. When an opposite crossover happens?
On a side note, I may be able to chip in with an idea to minimize(if not eliminate) the whipsaws.
My apologies for this long post.
Looking forward to hearing from you, SH.
As you might have seen in this thread : How SH started from simple crossover and progressed to exits and re-entries and Profit bookings, adds etc etc. making the Strategy stronger and stronger.
So do Post your Ideas here or maybe start a New thread : "How to make SH's 315 strategy even less whippy!" or similar !
Hi SH.
I have been silently lurking around this forum for the past few months to get an understanding of the Indian markets. I have traded currencies in the international markets with some success in terms of capital preservation. I am a huge fan of price action based trading strategy with trend following.
This is my first post on TJ & I want to take this opportunity to thank you for this wonderful trading method that you have shared with this beautiful TJ community. I believe you have relentlessly worked on this method & have been trading this for a while with success.
The only gray area for me: According to your method, what would the initial S/L be? I know you mentioned somewhere that the ENTRY point will be your Stop Loss when your position is in the green by about 100 points or so but does that mean you normally take trades with no stop loss at all?
In that case when do u decide to exit a trade that's not going in your favor. When an opposite crossover happens?
On a side note, I may be able to chip in with an idea to minimize(if not eliminate) the whipsaws.
My apologies for this long post.
Looking forward to hearing from you, SH.
I have been silently lurking around this forum for the past few months to get an understanding of the Indian markets. I have traded currencies in the international markets with some success in terms of capital preservation. I am a huge fan of price action based trading strategy with trend following.
This is my first post on TJ & I want to take this opportunity to thank you for this wonderful trading method that you have shared with this beautiful TJ community. I believe you have relentlessly worked on this method & have been trading this for a while with success.
The only gray area for me: According to your method, what would the initial S/L be? I know you mentioned somewhere that the ENTRY point will be your Stop Loss when your position is in the green by about 100 points or so but does that mean you normally take trades with no stop loss at all?
In that case when do u decide to exit a trade that's not going in your favor. When an opposite crossover happens?
On a side note, I may be able to chip in with an idea to minimize(if not eliminate) the whipsaws.
My apologies for this long post.
Looking forward to hearing from you, SH.
http://www.traderji.com/technical-a...-how-make-more-comfortable-profitable-27.html
I don't have the tools to back-test but I would expect the divergence to occur a number of times. BNF is a sectoral index that can be at odds with the general market. For example, if IT and Pharma do exceeding well (due to Re Slide, decreased export taxes or any other reason) and Banking does badly (bad loans, interest rates), we can expect BNF to slide while expecting NIFTY to do well.
In any case, irrespective of the divergence, we would still trade the NIFTY as per 315.
In any case, irrespective of the divergence, we would still trade the NIFTY as per 315.
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