SH's 315 Strategy - how to use if effectively

[manoharpillai]

4780 3 ema had touched the candle should have booked lose if any in long and short trade is the correct choice

chart attached

 

[columbus]

 

[Tradewithhunter]

Exited all calls .... booked loss as 3 EMA was touched yesterday itself.

Entered shorts today.

Cheers
SH

 

[trader_boy]

Exited all calls .... booked loss as 3 EMA was touched yesterday itself.

Entered shorts today.

Cheers
SH

but candle not touching 3ema at open kindly guide what to do .hold or cover now and renter at a higher price...(though difference bw 3ema n open wsnt much)

 

[achopraa]

but candle not touching 3ema at open kindly guide what to do .hold or cover now and renter at a higher price...(though difference bw 3ema n open wsnt much)

I think ideally we were to enter shorts again y'day at 3EMA touch (4790) going strictly by the strategy.

SH, are you surprised with the way Nifty has moved recently and the volatility involved?

 

[Tradewithhunter]

I think ideally we were to enter shorts again y'day at 3EMA touch (4790) going strictly by the strategy.

SH, are you surprised with the way Nifty has moved recently and the volatility involved?

Yes - fallen too fast too furious ....anyways, I missed around 100 points in shorts and lost some in calls due to the 3 EMA regression strategy. But this happens only a couple of times each year, rest of the times market honours 3 EMA rule and gives profit

But as they say, market is supreme, no point fighting the markets.. just follow the rules and accept losses as any normal business expense.

Cheers
SH

 

[rishete]

Entered short yesterday as per 3 EMA touch at 4790 (hope this is correct as per rule).... also book the loss on the calls

 

[rajesh pawar]

Exited all calls .... booked loss as 3 EMA was touched yesterday itself.

Entered shorts today.

Cheers
SH

Waiting for breach of yesterday's low to book loss in calls and enter fresh shorts. Would like to give some room to bounce back. If the market is not in a mood to do so then would accept loss and enter short when the move actually starts.

Not as per 315 strategy but something I am comfortable with.

 

[Piuvbn]

Yes - fallen too fast too furious ....anyways, I missed around 100 points in shorts and lost some in calls due to the 3 EMA regression strategy. But this happens only a couple of times each year, rest of the times market honours 3 EMA rule and gives profit

But as they say, market is supreme, no point fighting the markets.. just follow the rules and accept losses as any normal business expense.

Cheers
SH

CALL wanted to give though!! PR
Cheers

 

[Piuvbn]

Waiting for breach of yesterday's low to book loss in calls and enter fresh shorts. Would like to give some room to bounce back. If the market is not in a mood to do so then would accept loss and enter short when the move actually starts.

Not as per 315 strategy but something I am comfortable with.[/QUOTE

If possible pls share what U r comfortable with. Hope originator of the thread wont mind. PR
Cheers