SH's 315 Strategy - how to use if effectively

[raj_usb]

Hi Sh,

Cud u pls reply to my above post.

Thks.

-Raj

 

[Tradewithhunter]

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

Hi Raj - my thoughts are that it will give early entry but will also give higher fake signals.

Its a trade off between early entry and fake signals.

Cheers
SH

 

[pundit]

Hi SH,
I will wait for the bullish signal to come as I did not cover anything yet as per 315 strategy so shorting at this stage may be some risky for me..

will wait for your kind comment..

 

[rkkarnani]

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

Your observation seems to be correct!!

 

[rkkarnani]

Hi,

Charts provided are Correct.

Regards,
Narendra

The "provider" maybe wrong!!! The charts are inaccurate for sure!!! Please recheck, it may affect your trades and "money" too!!!

 

[VJAY]

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

Dear SH,
doubt about entry to short?when the bar touches 15 ema?or closing the day(arround 3.25)...today it touched arround 3.20 @4858.5.....
you would go long if 3crosses 15 tommarrow arround 3.25....am right?
why you not entered to short again after 5th feb...bar touched on 8th feb? as per rules....I think am missing something from rules...

 

[rkkarnani]

Maybe the charts are correct but the Price Bars and the EMA are using two different Scales to portray the Values. Such error at times happens in Metastock, this I am telling from my own experience.

I am giving the chart of Provogue as per my data!! The Red line is 3EMA and Blue 15 EMA. The Candle has turned Red when Sell is generated and Blue When Buy is signaled.
As Vinst pointed out, 3 EMA usually hugs the price, which is true in the charts posted below.

 

[tamcoo]

This one is Correct Chart for Provogue, Sir.

Charts posted by "narenmp" were definetly wrong, whatsoever reason.

Rgds

Maybe the charts are correct but the Price Bars and the EMA are using two different Scales to portray the Values. Such error at times happens in Metastock, this I am telling from my own experience.

I am giving the chart of Provogue as per my data!! The Red line is 3EMA and Blue 15 EMA. The Candle has turned Red when Sell is generated and Blue When Buy is signaled.
As Vinst pointed out, 3 EMA usually hugs the price, which is true in the charts posted below.

 

[amol_gh123]

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

Hi SH,

Even I am also long on ICICI @ 834.50 .. cheers mate..:clap:
Also I am long on CNXIT @ 5755... lets c how it goes...

Few doubts about other positions:
1) If you check Unitech, LTP closed above 15EMA ..First rule is cleared..fine..but 3 EMA is still below 15 EMA waiting for cross-over to happen..this goes against our second rule of entry. I would appreciate if you explain me how did you decide to go long?

2) I understand that 3 EMA was not touched on 5-Feb...so u booked profit ... but on the very next day and day after that 3 EMA was touched .. so as per rules we should have open shorted position... but as per ur post u shorted the nifty on 16-Feb, after 5-Feb profit booking ... could you please explain me how did you manage to know that after 5 Feb market is going to correct a bit... is there any other indicator r u using for confirmation.. please share this if so.. as more like me are waiting to know how to avoid those whipsaws :lol:

Thanks...

 

[Tradewithhunter]

Hi SH,

Even I am also long on ICICI @ 834.50 .. cheers mate..:clap:
Also I am long on CNXIT @ 5755... lets c how it goes...

Few doubts about other positions:
1) If you check Unitech, LTP closed above 15EMA ..First rule is cleared..fine..but 3 EMA is still below 15 EMA waiting for cross-over to happen..this goes against our second rule of entry. I would appreciate if you explain me how did you decide to go long?

2) I understand that 3 EMA was not touched on 5-Feb...so u booked profit ... but on the very next day and day after that 3 EMA was touched .. so as per rules we should have open shorted position... but as per ur post u shorted the nifty on 16-Feb, after 5-Feb profit booking ... could you please explain me how did you manage to know that after 5 Feb market is going to correct a bit... is there any other indicator r u using for confirmation.. please share this if so.. as more like me are waiting to know how to avoid those whipsaws :lol:

Thanks...

Hi Amol,

1. Unitech gave a 315 buy signal yesterday as per my charting software. 3EMA was above 15 EMA at the closing price.

2. As per 315 rules, yes I should have entered shorts again next day. However I did not enter shorts again and waited for a 15 EMA touch due to 2 reasons

(a) I expected markets to reverse based on my reversal to mean theory to 15 EMA .. please check http://www.traderji.com/technical-analysis/36825-shs-market-correction-prediction-strategy.html

(b) I follow S&P charts .. and S&P had taken support last week from a key level last week which prompted me to believe that the overall bull market has not yet exhausted. Markets were in oversold zone hence coupled with my reversal to mean theory I decided to wait to open fresh shorts only around 15 EMA. More than happy to reverse to longs today if 315 gives a buy signal.

Cheers
SH