SH's 315 Strategy - how to use if effectively

[mysticalrun]

If we adopt a way to deal with a loss, same way has to be used to deal with a profit. So, loss can be dealt with only by taking loss. There is no other way.
This system does not predict. Only the information available till present time can be used. Therefore, it is to nobody's discredit that last 1-2 signals have given loss.

regards
vin

no i think u misunderstood me. i am not bother about loss,i am asking it already given 3 signal in 5 days and might give another sell signal on monday,so how u deal with it,means what will be policy for near trading days or follow same pattern as chart is saying of 315 crossover

 

[vinst]

no i think u misunderstood me. i am not bother about loss,i am asking it already given 3 signal in 5 days and might give another sell signal on monday,so how u deal with it,means what will be policy for near trading days or follow same pattern as chart is saying of 315 crossover

sorry, if I mis-understood.
Long position is not in profit if NF touches ema15. So no add .
Other than this, I guess nothing to be done except waiting till EOD.
More can be said by SH.

regards
vin

 

[simple_trader]

That's how market is behaving now - it's volatile in a tight swing range (day range is good). This is typical market is bad for trend system follower. It's good for day traders somewhat. But when market will trend again (up/down) trend following system will out perform.

 

[Tradewithhunter]

Yesterday EOD candle was not touching 3ema so did not enter long, today entered long at 5120 ...............................................

Dear SH ji kindly comment if this entry is wrong.

Entry is OK.

 

[Tradewithhunter]

Markets have gone into a range and we will have choppy moves before markets finally decide which way to trend.

Any trend following system would fail in a range market, the idea is to be patient and wait for a low risk entry.

I would advise all traders following this thread to wait for a 534 buy signal before entering any longs. Anyone who is long based on 315 currently can hold until a short signal is generated on 315

My medium term outlook is bullish and we should see 5300 again in coming months, however we will trade as per charts.

Cheers
SH

 

[veluri1967]

Dear SH,

First let me congratulate you for 315 strategy. In trending periods it is no look back undoubtedly. Let me confess that I have not tried this strategy yet. But, I am paying close attention to this strategy how is this going to behave in these non-trending days. I feel if we can protect our capital during this period though not making any profit, we can cover up the returns in the next upcoming trend. :thumb:

I have gone through your setup, triggers, SL, profitbooking, adds. Bandlab's in depth analysis made this much stronger.

I am attaching a chart here. I have made a circle on some bars depicting a classical whipsaw. Are those upwards crossings of EMA 3 a clear loss making trades or do you suggest contrary apart from 534 crossing? (Please read it as EMA for MA in the chart for educational purposes).

 

[columbus]

Markets have gone into a range and we will have choppy moves before markets finally decide which way to trend.

Any trend following system would fail in a range market, the idea is to be patient and wait for a low risk entry.

I would advise all traders following this thread to wait for a 534 buy signal before entering any longs. Anyone who is long based on 315 currently can hold until a short signal is generated on 315

My medium term outlook is bullish and we should see 5300 again in coming months, however we will trade as per charts.

Cheers
SH

Choppy days are here again

 

[tmnkin]

F&O Crossover : 07-Jun-2010
F&O Crossover as on 07-Jun-2010

Entry date Scrip Action Reason Entry Price Stop Loss
07-Jun-2010 DLF SELL 315 -Cross 264.00 270.60
07-Jun-2010 HDFC SELL 315 -Cross 2682.00 2749.05
07-Jun-2010 HDFC SELL 534 -Cross 2682.00 2749.05
07-Jun-2010 HDFCBANK SELL 315 -Cross 1865.00 1911.63
07-Jun-2010 HDIL SELL 315 -Cross 223.30 228.88
07-Jun-2010 IDBI SELL 315 -Cross 111.85 114.65
07-Jun-2010 RELIANCE SELL 315 -Cross 1011.45 1036.74
07-Jun-2010 SESAGOA SELL 315 -Cross 343.35 351.93

 

[tmnkin]

Cash Crossover : 07-Jun-2010
Cash Crossover as on 07-Jun-2010

Entry date Scrip Action Reason Entry Price Stop Loss
07-Jun-2010 IDFC BUY 534 +Cross 161.95 157.90

 

[pundit]

added one more lot at 4995.