Karthik's 315 Pullback Strategy (Intraday & EOD)

karthik_sri

Well-Known Member
#1
Dear TJ Friends,
I have been fascinated by the 315 Strategy shown in this form by SH. I was and I am addicted to that strategy and even every beginner and professional trader will have a look on that strategy as it is so simple to learn and understand the market and price direction. I am thankful to SH for bringing this strategy to TJ form.:clap:

EMA strategy will always have whipsaw and how to overcome that. This question I raised to myself and combined so many Indicators/additional EMA's with this 315 strategy to filter out false signal but all in vain. I then thought of applying a pull back condition to this strategy to gauge the Trend and this somewhat will avoid whipsaw. I will post my strategy in the coming threads.

Cheers,
Karthik
 

karthik_sri

Well-Known Member
#6
Chart Setup
Daily or Intraday
EMA: 3 & 15 on Close

Buy: When 3 EMA crossover 15 EMA from below and wait for price to pullback to 15EMA and closes above 3EMA
Enter : High on candle/bar closing above 3EMA
Exit: When Candle/Bar/Price not touching 3 EMA
SL : Low of pullback candle/Bar

Sell: When 3 EMA crossover 15 EMA from above and wait for price to pullback to 15EMA and closes below 3EMA
Enter : Low on candle/bar closing below 3EMA
Exit: When Candle/Bar/Price not touching 3 EMA
SL : High of pullback candle/Bar
 

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