SH's 315 Strategy - how to use if effectively

[abhay_vibgyor]

i am new on this forum ..will you plz tell me what is your" $0.02 !" method ?

plz don't mind if my understanding is wrong .

Its a figure of speech .. " Just my 2 cents"

 

[rkkarnani]

i am new on this forum ..will you plz tell me what is your" $0.02 !" method ?

plz don't mind if my understanding is wrong .

What is your understanding friend???? All the $0.02 that I had for this strategy have been given away here in various posts!!

 

[gb333]

someone plz post LITL 315 position so far... buy/sell ema positions on closing basic

 

[mech71]

new signals according to 315

BUY
auropharma 3ema = 174.39 15ema = 173.65 close = 175.40
idfc 3ema = 128.22 15ema = 126.73 close = 130.75
renuka 3ema = 63.4 15ema = 61.98 close = 66.05




add to that

sell

ashokley 3ema = 48.71 15ema = 48.89 close = 48.75 ( not very sure abt this one .. observe for a day)

For Ashok Leyland, the cross over happened already around 12 days back when the price closed at 50.45(EOD-BSE) Those who entered short has already made some gains since the price went to a low upto 46.25 from 50.45. Now as per todays EOD, 3EMA=48.68 and 15EMA=48.84. Keep a watch .Around 49.20(as of now), it would make a crossover for bullish turn.

 

[manoharpillai]

Did any one notice 3 ema did not touch 2 day candle will Nifty correct tomorrow

 

[crusader]

Did any one notice 3 ema did not touch 2 day candle will Nifty correct tomorrow

A good test of Market Correction theory. let us wait and see...

 

[rkkarnani]

Exited Long on Gap up in our direction, Price away from EMA3... at 5696.8 !!

To Reenter on 3 EMA touch.

 

[sunny_cool]

3iInfotech given signal to go long....good entry point for now...
here is the chart

 

[vinst]

Exited Long on Gap up in our direction, Price away from EMA3... at 5696.8 !!

To Reenter on 3 EMA touch.

3ema may retouch ~ 5605

But will touch if NF rises from here and closes ~ 5675. current low of day 5632.
So not easy to work out in advance where 3e will touch price bar.

 

[rkkarnani]

3ema may retouch ~ 5605

But will touch if NF rises from here and closes ~ 5675. current low of day 5632.
So not easy to work out in advance where 3e will touch price bar.

Yes you are correct about this reentry!!
My approximation was , now when NF rises to 5660 3 EMA will rise to touch Price bar and if NF continues to fall, it would be around 5600 when they touch.

And very frankly , I feel one need not wait for actual touch and can reenter also at almost touching...
All depends on your exit price as that makes a certain level comfortable for reentry. There is no exact rule to be mechanical for this 'reentry'.