SH's 315 Strategy - how to use if effectively

[arjunking]

it remains a buy by EOD. i hope there is no whipsaw this time.
TWH some advice on the current market situation will be appreciated.

 

[arjunking]

here i have attached a chart in which 4 whipsaws happened.
if u notice even at this time ema3, ema15 and ema100 were near each other.

 

[trader.trends]

I do not follow the strategy but I was recently reading somewhere, that in all MA crossovers, one way to avoid whipsaws is to enter not at the point of crossovers but when the lines begin to go parallel.

The payoff is between late entry and losing some profits or early entry and some whipsaws. But I guess there is no system without whipsaws of one kind or the other.

 

[manoharpillai]

People use a combination of 3 EMA's also , say 3,13,39.. enter when 3 crosses 13, add when 13 crosses 39.. exit all when any one ema crosses down, or exit part..... there can be N combinations... to each his own, all you need to see if it fits into your comfort zone!! Yes you are correct, let us end this discussion here!! Thanks for your input.

This thread maybe of interest to you, please check :

http://www.traderji.com/day-trading/55977-moving-average-method-intraday.html

I went through it very useful thanks for your kind advice. Learning never ends.

 

[trade4joisar]

Today NIFTY has given 5th consecutive whipsaws, so made history.

3 below 15 EMA.
3 EMA = 5579
15 EMA = 5593

SH,
Your views.

 

[arjunking]

Huge losses in these whipsaws.
TWH sir please provide some guidance.

 

[Visualize]

So far 4 whips in 315 but none in 534. It seems that nifty is taking support @ 34ema.

 

[manoharpillai]

huge losses in these whipsaws.
Twh sir please provide some guidance.

do not trade in sideways market grinds and kills the retail crowed
pathetic when will we learn this big trick(including me !!)

 

[arjunking]

But how do u know its a sideways market? According to TWH when it comes near 100 ema then there usually is a trend

 

[manoharpillai]

But how do u know its a sideways market? According to TWH when it comes near 100 ema then there usually is a trend

Big Res: was @ around 5700 levels and the Sup was @ around 5550 Nifty traded in this range from 12-07-11 till yesterday.