SH's 315 Strategy - how to use if effectively

[rkkarnani]

NF Open at 4978 at that point 3ema was at 4906 if NF drops to 4906 it will touch 3EMA otherwise 3ema will be away from candle...

MP.... here the open was "Above" 3EMA while we were short... nothing about 3EMA not touching comes into picture!!! It has to open with a gap in our trade direction for this RULE to be applied!!!

 

[manoharpillai]

MP!! What exactly are you trying to say... did not understand!!! Please elaborate!!

In the excel sheet i plotted opening rate 4978 at that time 3ema was at 4906
..am i correct that the 3ema will touch when the price drope down to 4906...

 

[rishete]

At the opening of the day due to Open GAP I am not able to cover the short... should I wait or book the loss? what is rule of 315?

 

[anantharaaman]

mano in your excel sheet is very good and yestday 3ema at 4810 but the closing is 4823 just 10 point above 3ema so one who take the nifty as 4810 as stop will gain today it touch 15ema and the next resis is 34ema as 4995 so pls ad 34ema also in excel

 

[trader_boy]

15ema touchd today ...but due to 3ema opposite direction movement we covered shorts ...so do we add today or wait for 3ema to go below previous days ema to enter shorts.assuming i am in the swing sice the day the crossover occured (with subsequent exits and reentries)

 

[manoharpillai]

This what i said the candle did not touch 3-EMA the chart shows it.. this chart is spot nifty level if am wrong please correct me...

 

[vinst]

This what i said the candle did not touch 3-EMA the chart shows it.. this chart is spot nifty level if am wrong please correct me...

in short trade situation, scrip not touching while being above 3ema is of no consequence for this 315 method.


in Long trade situation, scrip not touching while being above 3ema requires profit booking.

 

[manoharpillai]

in short trade situation, scrip not touching while being above 3ema is of no consequence for this 315 method.


in Long trade situation, scrip not touching while being above 3ema requires profit booking.

why not go in for adding shorts at this point..!!

 

[trade4joisar]

Hello SH,

As last trend gave around 10% i.e. 500 points, So can we ignore OR only 50% quantity in next crossover i.e. as per your post

http://www.traderji.com/technical-a...gy-how-use-if-effectively-299.html#post553963

 

[rishete]

SH,

Is Crossover taken place and we should enter for long?