SH's 315 Strategy - how to use if effectively

[pundit]

If a candle does not touch 3ema then it will revert to 3ema within next few days. So if the gap is big like it was yesterday you can short to have a profitable trade.

lots of candles were not touching 3ema yesterday see #2046, which triggered correction.

Has this been discussed earlier in this thread by SH?

 

[Visualize]

^ Lots of times + it is mentioned in original strategy notes as profit booking.

 

[pundit]

^ Lots of times + it is mentioned in original strategy notes as profit booking.

I know the profit booking rule of SH 315 when EOD candle is not touching 3 ema at all but I did not have any idea about to go short when multiple EOD candles are not touhing 3 ema conti. even if we are long as per SH 315.

Anyway thanks for clarifying this.

 

[Tradewithhunter]

I know the profit booking rule of SH 315 when EOD candle is not touching 3 ema at all but I did not have any idea about to go short when multiple EOD candles are not touhing 3 ema conti. even if we are long as per SH 315.

Anyway thanks for clarifying this.

Dear Pundit - please read my other thread 'SH market correction strategy' under the same forum, you will get your answer.

Cheers
SH

 

[hawaisanjay]

SH
I have entered nifty long at 6160...what should be my SL now?

 

[pundit]

Dear Pundit - please read my other thread 'SH market correction strategy' under the same forum, you will get your answer.

Cheers
SH

Thanks Dear SH its my fault I never read SH market Correction strategy thread completely.

 

[jayan12]

3 EMA touched.... people who booked profits around 6200 can now enter longs at 6160 again (if following 315 strictly).

Disclaimer - I am short since yesterday and will long only above 6210.

Cheers
SH

Hi SH,

What is idea behind going long only after 6210?

 

[ramath]

Hi friends...pls. look at JSWENERGY.....giving positive signal....?

 

[Tradewithhunter]

SH
I have entered nifty long at 6160...what should be my SL now?

If you have entered based on 3 EMA touch ... you need to hold until a bearish crossover happens.

Cheers
SH

 

[Visualize]

Bank Nifty has a bearish 315 crossover on weekly charts.

Bank Nifty still remains bearish on weekly charts.