SH's 315 Strategy - how to use if effectively

[VJAY]

bhai, r u following 315 strategy on daily or hourly time frame?

Daily....

 

[KWR]

Welcome vijay ji

 

[copperman]

Can we use on currency. Daily or Iday???

 

[svk_hereiam]

Look's to be a great system. Is there an AFL for backtesting this?

 

[akumar118]

Atul - you can try trading this on intraday but it is less succesful. If you are trading it on 30 mins/60 mins you will need to carry overnight positions which means a gap up/down can skew the EMAs pretty quickly. This strategy would work on intraday time frames in trending markets ...

but two small doji days would give you enough whipsaws on intraday time frames to kill all your profits....

I am working on a different intraday system that will use 315 as well as one of the component and i will share it here on TJ soon.

Till then .. my suggestion, use 315 to trade on EOD timeframed.

On a similar note - if there are any traders here who hold equities as long term investments as well... I strongly recommend them to keep weekly 315 in perspective .. exit investments as soon as weekly 315 turns bearish and enter again only on a bullish crossover... TRY IT ... YOU WOULD NEVER REPENT THEN FOR BEING AN INVESTOR!! Used caps coz I can bet my arms and teeths if you still find unhappy investors after using weekly 315 for 5 years as investors! It will make you ride the bull market.. will make you exit almost close to the top .. will keep you out while markets are in bear grip and will make you start buying again at close to the bottom on the first sight of long term bulls returning.. TRY IT!!

I hope some Mutual fund managers are reading this too !!

Cheers
Stockhunter (SH)

Sirji, Can u give a link to your Intraday ema 3 15 posts...

 

[bajica]

Atul - you can try trading this on intraday but it is less succesful. If you are trading it on 30 mins/60 mins you will need to carry overnight positions which means a gap up/down can skew the EMAs pretty quickly. This strategy would work on intraday time frames in trending markets ...

but two small doji days would give you enough whipsaws on intraday time frames to kill all your profits....

I am working on a different intraday system that will use 315 as well as one of the component and i will share it here on TJ soon.

Till then .. my suggestion, use 315 to trade on EOD timeframed.

On a similar note - if there are any traders here who hold equities as long term investments as well... I strongly recommend them to keep weekly 315 in perspective .. exit investments as soon as weekly 315 turns bearish and enter again only on a bullish crossover... TRY IT ... YOU WOULD NEVER REPENT THEN FOR BEING AN INVESTOR!! Used caps coz I can bet my arms and teeths if you still find unhappy investors after using weekly 315 for 5 years as investors! It will make you ride the bull market.. will make you exit almost close to the top .. will keep you out while markets are in bear grip and will make you start buying again at close to the bottom on the first sight of long term bulls returning.. TRY IT!!

I hope some Mutual fund managers are reading this too !!

Cheers
Stockhunter (SH)

Couldn't help bringing this old topic back.

Please help me understand just one point over here...
The exit is based on 315 on weekly basis which is good. Now what about the re-entry? Is it based on 315 weekly or still 315 daily basis?
Long term investor would definitely not like to let go of his investment. So after booking profit as per 315 on weekly basis, what would be the re-entry point?

Umesh.

 

[akumar118]

Dear Rkkarnani,

I have written a post in the past on SL management and protecting your capital. If you go on my first post you will see the link.

Please understand, on a real time basis your EOD EMAs will by dynamic i.e if NF is trading at 5000 and we see 15 EMA at 4850, we cannot blindly ADD at 4850. This is because by the time markets falls to 4850 during the day, 15 EMA would have dropped too to lets say 4820. This is where 'visual' retest of 15 EMA is important. Hence we add only when we see a visual retest which might happen at 4820 or 4810 or even lower.

Lets say we ADD at 4820 when visual retest happens and markets rise later in the day and mkts close at 5000, 15 EMA would close around 4850. By waiting for a visual restest to ADD we were just able to buy at a lower price (4820 instead of 4850).

Conversely, if the markets dont rise but keep falling, its possible a bearish crossover happens at 4700 levels which forces us to exit longs and open shorts. Again we are not worse off since we added longs at 4820 and not 4850.

Visual retest works in our favour both ways since it delays our add when market is correcting against the trend.

I do not keep any filters becuase I cannot define any % to be used as filters since the underlying 15 EMA value keeps changing during the day.

So my thumb rule stays as 'Add only when you see price retesting 15 EMA without waiting for candle to close'.

Rest is upto the users and their improvisation, they can always better this system with their experience.

Cheers
Stockhunter

TH. Can uplease brief abut 'visual Retest"

 

[copperman]

I am using sharekhan.. Are the sufficient for EOD and can we add indicators not available in SK from open source... Do I need to go for RTD.. in addition to SK...

 

[VJAY]

I am using sharekhan.. Are the sufficient for EOD and can we add indicators not available in SK from open source... Do I need to go for RTD.. in addition to SK...

Treade Tiger of sharekhan have indicators...just plot EMA 3 & 15...no need other RTD for trading 315

 

[amitsh27]

Daily....

how u trading intraday buddy? pls post chart...thankssss :thumb: