SH's 315 Strategy - how to use if effectively

[rkkarnani]

suppose in this trend we already got add signals when eod candle touched 15 ema, but recently we are out of trade waiting for the 3ema to touch.So when the eod and 3ema touch now do we enter long with our initial stake (say 2lots) or enter with the say 4lots because the price has already touched 15ema.

Enter your initial position only on 3 EMA touch!! In fact those who added at 15 EMA touch also booked profit on Firday Gap up!!

 

[Tradewithhunter]

Booked today at 5375 (3 EMA at around 5280) .....will re-enter around 5280 levels or whenever 3 EMA is touched....

Nice profit in this swing till now (400 points approx) ...actual profits around 600+ points due to 3 EMA rules and ADDs given at 15 EMA ... all whipsaw losses recovered....

Cheers
SH

Nifty at 5345 ...all contra shorts booked and have entered back in longs (50% qty) ... rest 50% on 3 EMA touch .... (original longs were 200% of normal qty which were all booked at 5375)

early exit from shorts and 50% entry in longs because mkts are coming out of a congestion zone hence it can stay irrational and keep going up for a longer time.

Cheers
SH

 

[srfelixmca]

Dear Tradewithhunter

Appreciate your valuable effort :clap::clapping::clap::clapping::clap::clapping:.

Could you update daily entry/exit levels. This will help to us buy/sell nifty. Please consider this request.

Regards
Felix S

 

[trade4joisar]

Nifty at 5345 ...all contra shorts booked and have entered back in longs (50% qty) ... rest 50% on 3 EMA touch .... (original longs were 200% of normal qty which were all booked at 5375)

early exit from shorts and 50% entry in longs because mkts are coming out of a congestion zone hence it can stay irrational and keep going up for a longer time.

Cheers
SH

Can you explain bit more on "coming out of a congestion zone"?

 

[Tradewithhunter]

Can you explain bit more on "coming out of a congestion zone"?

please refer to this post...as expected ... the breakout was ferocious ...

http://www.traderji.com/technical-a...gy-how-use-if-effectively-384.html#post594769

cheers

 

[trade4joisar]

please refer to this post...as expected ... the breakout was ferocious ...

http://www.traderji.com/technical-a...gy-how-use-if-effectively-384.html#post594769

cheers

Thanks for quick reply.

When you say "Markets are oversold on weekly charts", does it means RSI below 30 in weekly chart , any other signals ?

 

[Tradewithhunter]

Thanks for quick reply.

When you say "Markets are oversold on weekly charts", does it means RSI below 30 in weekly chart , any other signals ?

RSI is what I was looking at ...

 

[Baloon]

Will you add again if it attempts to touch the 15EMA next few days?

Nifty at 5345 ...all contra shorts booked and have entered back in longs (50% qty) ... rest 50% on 3 EMA touch .... (original longs were 200% of normal qty which were all booked at 5375)

early exit from shorts and 50% entry in longs because mkts are coming out of a congestion zone hence it can stay irrational and keep going up for a longer time.

Cheers
SH

 

[kishore564]

Excellent work SH
Question)
What should we do when the cross over is confirmed but the candle is not touching 3 EMA?
First time when we enter trade with cross over do we also check if 3 EMA is touched to the candle?

Thanks in advance.

 

[Tradewithhunter]

Nifty at 5345 ...all contra shorts booked and have entered back in longs (50% qty) ... rest 50% on 3 EMA touch .... (original longs were 200% of normal qty which were all booked at 5375)

early exit from shorts and 50% entry in longs because mkts are coming out of a congestion zone hence it can stay irrational and keep going up for a longer time.

Cheers
SH

3 EMA touched at 5320 ..entered balance 50% as well.

Cheers
SH