SH's 315 Strategy - how to use if effectively
- Thread starter Tradewithhunter
- Start date
SH suggests to exit the position, say Long, when price jumps up and the Price bar is NOT touching 3EMA ! As 3 EMA is still above 15EMA,we reenter Long when Price retraces to 3EMA. This is "re-enter" !
Say we are Long and in "profit". Price moves lower but 3EMA remains above 15 EMA. Now we "add" to our long position when Price bar touches 15 EMA, i.e. moves lower ! The logic is that this "Add" would have lower risk because if the price continues to fall we will have a reversal soon and more over we are using "Add" only when our original Entry is in Profit !
Say we are Long and in "profit". Price moves lower but 3EMA remains above 15 EMA. Now we "add" to our long position when Price bar touches 15 EMA, i.e. moves lower ! The logic is that this "Add" would have lower risk because if the price continues to fall we will have a reversal soon and more over we are using "Add" only when our original Entry is in Profit !
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