SH's 315 Strategy - how to use if effectively

[mangup]

It may turnout to be a good 15 EMA touch long case? Need to watch for more conservative long entry if closed above yest's high.

Yesterday Reliance proved to be GREAT 15 EMA touch long re-entry (conservative). Zooming up....!

 

[anilnegi]

:lol: good one !

I hope 315 traders understand what Mr Prechter is trying to say....

Cheers
SH

sh

your PM is not working,

anil negi

 

[dashr]

Yesterday Reliance proved to be GREAT 15 EMA touch long re-entry (conservative). Zooming up....!

You spoke too soon!

 

[prst]

Yesterday Reliance proved to be GREAT 15 EMA touch long re-entry (conservative). Zooming up....!

just a word of caution.
On the weekly, reliance has formed a evening doji star,
which is bearish.

 

[sonai_81]

Today PNB touched 15 EMA. Expecting correction is over. Taken long position. Let's see tomorrow. Anybody taken position in PNB?

 

[Piuvbn]

Hi
If one tracks 315 whole trading day is it adviseble to take entry and re-entry as and when it happens in the day. Cheers

 

[dashr]

The closing price is marked on a bar chart by a tick pointing to the right. It reflects the final consensus of value for the day. Closing prices reflect the opinions of professionals. Look at any chart, and you’ll see how often the opening and closing ticks are at the opposite ends of a price bar. This is because amateurs and professionals tend to be on the opposite sides of trades.

Excerpt from Elder Alexander's book Come Into My Trading Room

 

[Madhunayak]

Hi, Its really good technic to trade....I really appreciate it. Here I would like to know where would I get such free charting software in which EMA3 and EMA 15 plotting find alongwith other beneficial indicators............would you suggest me please the best free charting software......

Try FCharts. Its really good.

 

[anilnegi]

Today PNB touched 15 EMA. Expecting correction is over. Taken long position. Let's see tomorrow. Anybody taken position in PNB?

may be you taken entry @ wrong time, it seems a crossover might be in place

 

[sonai_81]

may be you taken entry @ wrong time, it seems a crossover might be in place

Crossover in place? How? Currently PNB future 3EMA price is @1027 and 15EMA @1015. Crossover will happen (short position) if future price goes to around 970.

Please clarify..