SH's 315 Strategy - how to use if effectively

Tradewithhunter

Tradewithhunter

Banned
#4,052
#4,052
rishete said:
SH... Thanks for your reply, Just thinking what would be the reason for re-entering around 5080 - 5085 is due to that..when we book the profit at that time 3 EMA was around that value? or any other reason?
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Yes this is exactly the reason .... 3 EMA not touched todays candle ....

Going empty handed tonite .... will re-enter in shorts tomorrow at 3 EMA touch now ...

Cheers
SH
 
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R

rkkarnani

Well-Known Member
#4,053
#4,053
achopraa said:
Why? This definitely is not as per strategy. Isnt it? (Not that I am questioning your abilities but just the following of the thread)
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Seems you are correct!! When market opened and Price Bar was away from 3 EMA , the value of 3EMA was 5080 so when I exited, there after I gave the Trade to Short again at 5078.. as amkt turned from 5075 I sold at CMP!! I may be wrong but surely took the action as I have understood the Strategy and was not an arbitary action!!
 
G

gkpc

Well-Known Member
#4,057
#4,057
achopraa said:
Why? This definitely is not as per strategy. Isnt it? (Not that I am questioning your abilities but just the following of the thread)
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Though SH may not remember, he has been relentlessly posting here and helping us all and on a given day might have entered at the level of 3EMA when exiting at Open... he might feel offened as he has mentioned already that he is out of trade..., please accept my apologies, I am not writing to ridicule you.. hopefully this would bring to rest the confusion many have regarding EXIT and REENTRY on 3EMA NOT TOUCHING.
He himself has at times mentioned that he enters at the level of NF when he exits on Open on 3EMA not touching the Price candle/bar!! I am trying to find a relevant post by SH that says this and shall post the link!! Having said this let me accept that this is a very powerful strategy if traded properly and with discipline!!
I too exited at 5036 on open, reentered at 5071 , exited again at 5036 when Nifty after breaking 5000 went up and crossed the Morning Open and went short again at 5080 ! There was no discipline in my 2nd trade but was done with proper understanding and use of other parameters i use on the day I exit on 3EMA not touch exit!!
Search is already on for the relevant post and shll hopefully post the same. If I am unable to post it may be taken as my "mistake" in understanding but I very strongly believe that I surely read something to this effect atleast twice by SH!! My apologies again if this offends SH or his "lovers" (I am one of them) I reiterate that I mean no offence at all!! :eek:
 
Piuvbn

Piuvbn

Active Member
#4,060
#4,060
rkkarnani said:
Seems you are correct!! When market opened and Price Bar was away from 3 EMA , the value of 3EMA was 5080 so when I exited, there after I gave the Trade to Short again at 5078.. as amkt turned from 5075 I sold at CMP!! I may be wrong but surely took the action as I have understood the Strategy and was not an arbitary action!!
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RK JI
The time frame needs to be followed while observing 3 EMA is DAILY is it not ? If it so then one needs to give continuous screen time. Or you can suggest something else to reduce screen time. Thanks in advance. PR
 
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