Karthik's 315 Pullback Strategy (Intraday & EOD)

[karthik_sri]

Look for previous day Up Trend or Down Trend and next day wait for the pull back to enter into trade...

 

[karthik_sri]

LT 4 hr chart...once the crossover happened wait and watch for subsequent 2-3 candles not touching the 15EMA immediately after crossover...then take a trade on pullback...

 

[rkkarnani]

karthik_sri sir, please, see my chart. is it correct as per your setup ?

Puchu, In your chart of Maruti 10 min TF saw the entry, now where does one EXIT !? All candles are touching 3 EMA! The nearest exit maybe the first Red candle after BIG trigger bar which is just 'kissing' the 3 ema line, If not there where?

 

[karthik_sri]

Puchu, In your chart of Maruti 10 min TF saw the entry, now where does one EXIT !? All candles are touching 3 EMA! The nearest exit maybe the first Red candle after BIG trigger bar which is just 'kissing' the 3 ema line, If not there where?

Simple suggestion to keep Trail SL on the 15EMA price on every candle

 

[karthik_sri]

LT on 3min...

 

[karthik_sri]

LT 3 min 30.06.15...nice uptrend...

 

[karthik_sri]

LT 29.06.15 on 3min...

 

[karthik_sri]

LUPIN 30.06.15 (3 min)

 

[rkkarnani]

LUPIN 30.06.15 (3 min)

Karthik, Reg.: The first entry shown, the candle did not close above 3 EMA, so as per rule should the entry be above the high of next Candle!?

 

[karthik_sri]

Karthik, Reg.: The first entry shown, the candle did not close above 3 EMA, so as per rule should the entry be above the high of next Candle!?

Yes...its a pullback candle and to enter on the next big candle which closed above 3EMA...