Karthik's 315 Pullback Strategy (Intraday & EOD)

[karthik_sri]

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

 

[ankur07090]

Hi Karthik,

I had read most of threads of yours and you are working on some good things always
good initiative kepp up doing good work:thumb:

 

[new2mcx]

Good, i m waiting for it..

 

[bala.stn]

Nice Karthick,
I am waiting to hear more enhancement on the 315 technique,,

 

[shruti.trader]

Fantastic..

i m follower of Karthik..i like his every strategy as those are too simple n with logics.

Thanx you

(Waiting for the strategy)

 

[karthik_sri]

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

 

[karthik_sri]

I have posted chart of Indusind Bank which has Buy crossover...

 

[Sammy.Young]

Hi Karthik,

Can we use 5/10/15 or any TF for intraday trading? Which stocks would you prefer that can give this kind of set up on daily basis? Thanks for yet another rocking strategy !!

 

[novicetraders]

Thankyou for sharing yet another startergy ...nice initiative sir...Thanks

 

[rkkarnani]

I have posted chart of Indusind Bank which has Buy crossover...

Karthik, There are more trades that are not marked on the chart. Is it intentional or am I getting it wrong?