SH's 315 Strategy - how to use if effectively

[thavvarao]

Also some one asked in this thread as

1. which time frame of NF charts we need to consider to confirm reversion of NF to check 34 EMA and 100 EMA? because NF expire in every month so how to check NF as 34 EMA requires 4 months time frame and 100 EMA requires 7 months? can anyone answer to this also?

Thanks in advance and I'll be trying this strategy from next cross over.

 

[rkkarnani]

Hi,

Can anyone tell confirm entry point for 315 strategy? Is it need to satisfy 1st one or 2nd one below

1. wait for a candle to close above 15 EMA, next candle to open and see if 3 EMA is above 15 EMA or not. If the answer is 'Yes' you go long.
2. Or just at first candle which generate cross over on 15 EMA by 3 EMA? No need to wait for second candle to confirm cross over?

Sorry for basic question. But please confirm.

As per original rules set by Tradewiththehunter :
We enter on close of the bar on which the crossover occurs!!

Many of us here have tweaked this rule to make it more 'comfrtable' individually. If you will observe (hopefully I remember correctly) that whenever a Crossover happens for going long the close of the bar is above 15EMA.

 

[rkkarnani]

Also some one asked in this thread as

1. which time frame of NF charts we need to consider to confirm reversion of NF to check 34 EMA and 100 EMA? because NF expire in every month so how to check NF as 34 EMA requires 4 months time frame and 100 EMA requires 7 months? can anyone answer to this also?

Thanks in advance and I'll be trying this strategy from next cross over.

There is nothing in the strategy about any other EMA than 3 and 15!! Any reference to 34/100 or any other are done by many of us who were trying to minimise the whips!!!
Again : Its nothing to with the original strategy suggested here!!

 

[trader_boy]

i am holding dec lot that i shorted on the expiry date [email protected] 25th nf went to a high of 4778 ..so @3:25 when nf ws trading @4705 the 3ema @4737 ws touching the candle(bcoz of high 4778)....so the 3ema ws well below that days high....so i did not cover inspite of being in 80pts profit ...and today nf opened in positive bt still candle touching ....so i am still holding...do you think i should have exited my 4785 shorted lot @4705 or i am on the right track following 315 ....pls guide

 

[rajesh pawar]

i am holding dec lot that i shorted on the expiry date [email protected] 25th nf went to a high of 4778 ..so @3:25 when nf ws trading @4705 the 3ema @4737 ws touching the candle(bcoz of high 4778)....so the 3ema ws well below that days high....so i did not cover inspite of being in 80pts profit ...and today nf opened in positive bt still candle touching ....so i am still holding...do you think i should have exited my 4785 shorted lot @4705 or i am on the right track following 315 ....pls guide

Everybody following 315 must be holding shorts right now.... It is painfull to watch the market going against our position intraday but 315 is an EOD candle based system and the decision making comes at 3:25 pm..

The present 315 bullish cross is far away.....

Just wait and watch.

 

[rishete]

SH,

Just want to know that have you use stoploss (yesterday's high i.e. 4767) as per 315 rule and cover the shorts? or we have to wait till 3.25 to take any action?

 

[puppy]

Dear SH


You have mentioned before that 534 can be used for less volatile future stocks.
Can we use 534 for nifty or mininifty futures? When we compare 315 using 534 though less profitable but avoids whipsaws. So is it suitable more for risk averse traders to trade nifty through 534 strategy?

 

[rkkarnani]

I have received this query in my PM :

i am holding dec lot that i shorted on the expiry date [email protected] 25th nf went to a high of 4778 ..so @3:25 when nf ws trading @4705 the 3ema @4737 ws touching the candle(bcoz of high 4778)....so the 3ema ws well below that days high....so i did not cover inspite of being in 80pts profit ...and today nf opened in positive bt still candle touching ....so i am still holding...do you think i should have exited my 4785 shorted lot @4705 or i am on the right track following 315 ....pls guide...what am i supoosed to do nw totally confused

***************************************

This is my responce to his query... now request all to give their opinion what the person should do !!!

Hello, U are probably seeking help at wrong place... u can get better guidance on the Thread itself. Frankly and as I have mentioned in the thread in the past also : I do not follow the 315 strategy as put forth by Tradewithhunter!! I have my own other parameters that I use!
However going by the 315 strategy the mistake is in your entry!! You have entered at 4785 whereas the Short as per strategy was initiated on 14th November ~5150!!! You hv entered after the trade moved almost 365 points in profit!! Going strictly by rules you are correct in not covering your Shorts but going by Common Sense : You enter a trade that had moved BIG and still you were getting ~80 odd points of profit, I would Exit for sure!!! Though it may seem more correct after seeing the adverse Nifty Movement but thats logical!! At the point of your Exit the Short Trade would have moved a whooping 400 points.. some pull back was expected. You should have either waited for a New trade(crossover) or if u were impatient, should have taken a position at 15 EMA touch, where an ADD is done!!
You may now ask : What should I do now? A difficult situation in which to guide but my personal action would be to Book Losses

He can also book losses in NF and convert to Nifty Options!!

 

[rahulr]

Bought cairn india @ 303 today as 3 EMA crossed over 15 EMA. The stock has been in news for quite some time.

I think, 315 will be quite useful for stocks in news for good/bad, so that we can ride the wave.

http://imageshack.us/photo/my-images/850/jchartscairn.png/

 

[gb333]

What are the current EMA positions friend