SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

Dear SH

We exited Nifty on 5th Feb as candle was not touching EMA 3 at all. Would like to know is the time of exit? .. at the EOD or during opening when the Nifty opened with a gap down?.

Similarly on 6th Feb, Candle has touched 3EMA which would mean according to 315, that we enter shorts again.. Question is when? at EOD?

thks

slah

Slah,

We exit at the opening price when the current price is not touching 3 EMA.

Re-entry happens as soon as the current days candle touches the 3 EMA during the day ...

Cheers
SH

 

[Tradewithhunter]

SH,
Want u to clear few doubts.Lets take unitech (EOD chart)-
3 is still below 15ema,price has touched 15ema on Thursday.So can we short it,or i should wait to see if price crosses y'day high.If say price crosses y'day high,then should i wait for further price action? wont open any short position and will wait for further price action?

Let say it does not cross y'day high (i.e approx 75)till 3:15pm, then can i open fresh short position? If i wait till this time i may end up shorting little lower,is it ok? I mean when should i open position?

Am not looking into intraday charts,have modified ur 315 strategy little bit to suit EOD.Backtesting has given gud results.Till date did live paper trading,got gud profit,now want to start with real money.So plz do answer my query,it will help me in starting a trade.

Arti

Dear Arti - I have explained my rules on entry and exit in a detailed fashion is previous posts. I cannot give my views on your modified version until I do my backtesting....and as you know i cant backtest becuase I dont use any advanced charting softwares.

since you have done your backtesting, why dont you share your findings and help all.

Cheers
SH

 

[narenmp]

Hi,

I am new to Trading and find 315 Strategy quite interesting.

Herewith attaching 3 & 6 Month Chart of Provouge based on the Chart and 315 we should go LONG.

Need your inputs on How to derive Exit Point and What should be the StopLoss?

Regards,
Narendra
:thumb:

 

[pundit]

Hi SH,
Finally after searching lots of strategies on Tradeji I surfed your and read it 3-4 days till the time i get to know it, It seems really appreciating for swing trades with no special indicators needed..

thanks for everything you shared in, I hope a newbie in TA like me would get benefit out of it..

 

[vinst]

Hi,

I am new to Trading and find 315 Strategy quite interesting.

Herewith attaching 3 & 6 Month Chart of Provouge based on the Chart and 315 we should go LONG.

Need your inputs on How to derive Exit Point and What should be the StopLoss?

Regards,
Narendra
:thumb:

Just guessing: the 3ema shown in charts does not seem to be 3ema. normally 3ema hugs price bars closely. I may be wrong as i did no claculaton for provogue.

regards,
vin

 

[narenmp]

Hi,

Charts provided are Correct.

Regards,
Narendra

 

[mmca2006]

Hi,

Charts provided are Correct.

Regards,
Narendra

requesting you to recheck it from " i charts" or any other website , to verify whether 3 ema is correctly plotted or not

 

[narenmp]

Hi,

On iCharts EMA & SMA are Same.

Charts attached in my earlier thread are from MoneyControl and then I verified the same with SMA I am getting the same output.

Regards,
Narendra
:thumb:

 

[raj_usb]

Hi SH,

In 315 strategy instead of using EMA 15 can we use EMA 10? I gone thru charts with EMA 10 and EMA 3, it shows this(EMA 10) strategy gives early entries and exists. All other rules wud be same as SH315 just replacing EMA 15 with EMA 10.

Can u share ur views on this. Advantages or disadvantages of using EMA 10.

All members and SH please let me know ur thoughts.

Thks.

- Raj

 

[Tradewithhunter]

Hi Friends

NF has touched 15 EMA now at 4870 hence I have opened fresh shorts (the one that I had booked earlier around 4700 on 5th Feb gap down.

ICICI longed at 834 now.
Unitech longed at 75.50
IFCI opened shorts 50.90 (15 EMA touch)


Cheers
SH