SH's 315 Strategy - how to use if effectively

[mysticalrun]

please confirm any one abt 3 ema bcoz it even didnt cross 5195 till now.....or im seeing another indicator...

 

[arti]

yeah 3ema is at 5192-3approx.And now candle not touching it.

 

[rkkarnani]

3EMA now at 2:40 has a value ~5185!!! Todays low is 5193.10
As its a derivative close, my personal opinion is that one should exit his position and reenter in New Contract only on Monday if we get a proper entry point!!!!! (This not as per rules laid out by TH).

 

[rkkarnani]

Price moved down to 5191 and EMA to 5179!! Its bound to move down with the last traded price going down...
One who wish to take a position today could hv entered at ~5195

 

[mysticalrun]

sir, at present 3ema is on 5182 but when nifture future comes down it also goes down,,,,,,so when to buy ,,,,,when cmp meets 3 em,a then only?

thx

 

[unbeatable]

Guys,

Before entering in to trading using 315 method , It is a must for every one to glance at SH's trade report for year 2009 till Nov.

I am giving you some sample trades from the Excel sheet uploaded by SH :

Exit Date P/L (Points)
4264 18th June 09 -316
4264 18th June 09 -316
4160 23rd June 09 104
4423 3rd July 09 -143
4161 6th July 09 -262
3960 13th July 09 201
4381 17th July 09 -311


If you trade for entire year you would get 4668 points which is more than 300% of investement.

But also , you need to be aware of the whipsaws and its effects ...

If you think that you have backtested this method by seeing 3 EMA and 15 EMA at EOD using historical chart , you would be wrong.Whatever you are seeing in historical chart today is nothing but 3EMA and 15EMA values at close but not during mkt hours which you will be able to see only during live mkt hours.

But SH has give a sincere trade log of his portfolio. Please have a look at that file and it is 315 results thread which you can get here:

http://www.traderji.com/technical-analysis/36686-shs-315-strategy-results.html

But no doubt you will be in profits at end of year but you need to plan your capital very carefully.

READING THE RESULTS IS A MUST BEFORE STARTING TRADING USING THIS METHODOLOGY.... :argue: :argue: :argue:


I am trying to add some additional setup to this beautiful strategy to avoid those whipsaws. I will post it quite soon.

 

[rkkarnani]

As per my understanding of the rules if the bar remains away from 3EMA at close , say 3.28PM we need to exit our Longs!!!

 

[rkkarnani]

Guys,

Before entering in to trading using 315 method , It is a must for every one to glance at SH's trade report for year 2009 till Nov.

I am giving you some sample trades from the Excel sheet uploaded by SH :

Exit Date P/L (Points)
4264 18th June 09 -316
4264 18th June 09 -316
4160 23rd June 09 104
4423 3rd July 09 -143
4161 6th July 09 -262
3960 13th July 09 201
4381 17th July 09 -311


If you trade for entire year you would get 4668 points which is more than 300% of investement.

But also , you need to be aware of the whipsaws and its effects ...

If you think that you have backtested this method by seeing 3 EMA and 15 EMA at EOD using historical chart , you would be wrong.Whatever you are seeing in historical chart today is nothing but 3EMA and 15EMA values at close but not during mkt hours which you will be able to see only during live mkt hours.

But SH has give a sincere trade log of his portfolio. Please have a look at that file and it is 315 results thread which you can get here:

http://www.traderji.com/technical-analysis/36686-shs-315-strategy-results.html

But no doubt you will be in profits at end of year but you need to plan your capital very carefully.

READING THE RESULTS IS A MUST BEFORE STARTING TRADING USING THIS METHODOLOGY.... :argue: :argue: :argue:


I am trying to add some additional setup to this beautiful strategy to avoid those whipsaws. I will post it quite soon.

Thanks for pointing out the whips in this set up But I sincerely feel that one can reasonably analyse the Strategy with EOD historical chart, maybe with a few inputs of his own!!!
Look forward to your 'additions'!!!

 

[rkkarnani]

Do note that January NF is at a premium of 10+ points to December NF!!!

 

[Tradewithhunter]

NF now at 5220 with 3 EMA at 5190.. thats a 30 point difference hence I have booked my NF longs at 5220 now... re-enter only on dips at 3 EMA touch around 5190.

Now as you can see... this is strictly not exiting at the open price but waiting for a sensible level to exit. I wont be able to explain one year down the line why I exited at days highs (if 5220 does become todays highs !).

Longed at 5185 booked at 5220 ... thats at 35 points profit in this trade till now.

Cheers
SH

Not entering longs today since 3 EMA not touched. I hope people dont call my exit at 5220 today as a paper trade since it was exited at days highs.:lol:

Cheers
SH