SH's 315 Strategy - how to use if effectively

[Baloon]

No crossover yet, of course, and looks like a bullish pinbar.

The nifty futures chart has crossed over.

 

[achopraa]

Thank you for excel sheet was searching for it long time.
Reversal point for next day doesn't appear after input of closing data\pl. give your advice.

It simply says, if you were planning to Enter the trend, Hold On.
If you were already into the trend, Hold on to it.

added one lot at 5196

Someone asked this Q and I have that in my mind too. Since the Candle was not touching 3EMA, do we exit and Book Loss? Since it was touching (kind of), should be ADD at this juncture or simply wait and watch?

Are you referring to that thing in OB zone 28th ?? I guess that divergence has played out with enough downside now.

Yes that was exactly what I was referring to.

 

[timepass]

The nifty futures chart has crossed over.

Not that I can see. Maybe something wrong with ur data feed or charting.

Someone asked this Q and I have that in my mind too. Since the Candle was not touching 3EMA, do we exit and Book Loss? Since it was touching (kind of), should be ADD at this juncture or simply wait and watch?

The 315 specifies that you should take position at 3.25pm. For those new to this strategy, it would be better to follow the procedure exactly. With experience, maybe you could add your own variations.

A funny thing today, the Nifty chart that I posted earlier shows a bullish pinbar, whereas the Nifty Futures chart shows a sort of bearish pinbar . Maybe we will have a downside on Monday followed by an upside

 

[achopraa]

Not that I can see. Maybe something wrong with ur data feed or charting.

The 315 specifies that you should take position at 3.25pm. For those new to this strategy, it would be better to follow the procedure exactly. With experience, maybe you could add your own variations.

A funny thing today, the Nifty chart that I posted earlier shows a bullish pinbar, whereas the Nifty Futures chart shows a sort of bearish pinbar . Maybe we will have a downside on Monday followed by an upside

I know the position needs to be taken at 3.25PM but -
1. You need to EXIT at the first sight of Candle not touching 3EMA (Right?)
2. Even at 3.25, it is not touching 3 EMA
3. AT 3.25 it is not touching (but seems to be touching) 15 EMA.

So, were there any signals for today?

 

[rishete]

Tradehunter....can you please give your approach here for today's EOD candle.

 

[Tradewithhunter]

Tradehunter....can you please give your approach here for today's EOD candle.

Nifty longs held as no crossover on Nifty futures charts yet.

Cheers
SH

 

[rishete]

thanks tradehunter for immediate response.

 

[jsgrewal]

updated excel sheet

d/l fr

http://www.mediafire.com/?z7vivzhagtar1eb

Where is the mention of Reversal point in the original strategy? Can you please refer me to the correct place. How to use it in the 315 strategy?
Thanks in advance

 

[rkkarnani]

The nifty futures chart has crossed over.

You can create confusion!! Nifty Futures has not yet crossed to SELL!! You seem to be referring to Nifty Spot chart!!! Please be careful while posting. Thankfully it wasnt during market hours!!

 

[rkkarnani]

I know the position needs to be taken at 3.25PM but -
1. You need to EXIT at the first sight of Candle not touching 3EMA (Right?)
2. Even at 3.25, it is not touching 3 EMA
3. AT 3.25 it is not touching (but seems to be touching) 15 EMA.

So, were there any signals for today?

Exit when Bar/Candle is not touching 3 EMA is taken only at the market opening. Thereafter we are looking for reentries as and when price touches/brushes 3 EMA!!