SH's 315 Strategy - how to use if effectively

[simple_trader]

Yes some correction can come later this week ... that will be an opportunity to load soem more longs.

Cheers
SH

Yes SH, we are in a up trending market, but I guess one correction would come to the extend of 5260-70. Anyway, up move would be to 5550-5500 around as per my understanding!


Regards!

 

[Tradewithhunter]

Hi TWH,

Do you suggest avg shorts & square them off during fall this week?
Then take long position.

As per the rules, yesterday's NF candle was not touching 3 EMA hence people could have booked profits and should wait for 3 EMA touch.

Cheers
SH

 

[Tradewithhunter]

As per the rules, yesterday's NF candle was not touching 3 EMA hence people could have booked profits and should wait for 3 EMA touch.

Cheers
SH

Nifty is down to 5318 .. if people booked their profits yesterday/today morning at higher levels...they should use these levels to enter the bullish swing again.

Cheers
SH

 

[tmnkin]

F&O Crossover as on 22-Jun-2010

Entry date Scrip Action Reason Entry Price Stop Loss
22-Jun-2010 SAIL SELL 315 -Cross 198.80 203.77

no cash crossover happened today

 

[simple_trader]

Yes SH, we are in a up trending market, but I guess one correction would come to the extend of 5260-70. Anyway, up move would be to 5550-5500 around as per my understanding!


Regards!

Looks like 5260-70 NF correction is finally coming! taken one day more, but it is doing! 5250 NF is support, below this, market could have trouble. Given expiry, it seems to be unlikely.

Happy trading!

 

[Tradewithhunter]

Looks like 5260-70 NF correction is finally coming! taken one day more, but it is doing! 5250 NF is support, below this, market could have trouble. Given expiry, it seems to be unlikely.

Happy trading!

It's likely simple trader, I will tell the reason why it might happen for other traders to understand the game better.

3 EMA got touched yesterday at lows of yesterday's candle so the 3 EMA rule has been fulfilled (and we have got back into longs).

However 5 EMA has not been touched for the last 2 days (I know i haven't discussed about 534 at length in this thread since it is 315 thread). That 5 EMA can pull down Nifty or alternatively markets can stay sideways with 5 EMA moving up to touch the day's candle.

Cheers
SH

 

[tmnkin]

F&O Crossover as on 23-Jun-2010

Entry date Scrip Action Reason Entry Price Stop Loss
23-Jun-2010 ESSAROIL BUY 534 +Cross 132.15 128.85
23-Jun-2010 NTPC SELL 315 -Cross 197.65 202.59
23-Jun-2010 SAIL BUY 315 +Cross 201.20 196.17
23-Jun-2010 SESAGOA BUY 534 +Cross 375.30 365.92

Cash Crossover as on 23-Jun-2010

Entry date Scrip Action Reason Entry Price Stop Loss
23-Jun-2010 ESSAROIL BUY 534 +Cross 131.60 128.31
23-Jun-2010 UNITECH BUY 534 +Cross 76.00 74.10

 

[pundit]

It's likely simple trader, I will tell the reason why it might happen for other traders to understand the game better.

3 EMA got touched yesterday at lows of yesterday's candle so the 3 EMA rule has been fulfilled (and we have got back into longs).

However 5 EMA has not been touched for the last 2 days (I know i haven't discussed about 534 at length in this thread since it is 315 thread). That 5 EMA can pull down Nifty or alternatively markets can stay sideways with 5 EMA moving up to touch the day's candle.

Cheers
SH

Its an another indicator we can rely upon...................

 

[tmnkin]

It's likely simple trader, I will tell the reason why it might happen for other traders to understand the game better.

3 EMA got touched yesterday at lows of yesterday's candle so the 3 EMA rule has been fulfilled (and we have got back into longs).

However 5 EMA has not been touched for the last 2 days (I know i haven't discussed about 534 at length in this thread since it is 315 thread). That 5 EMA can pull down Nifty or alternatively markets can stay sideways with 5 EMA moving up to touch the day's candle.

Cheers
SH

That mean instead of 3 ema touch, we should enter again in 5ema touch, am i right sh, pls explain in details

 

[Tradewithhunter]

That mean instead of 3 ema touch, we should enter again in 5ema touch, am i right sh, pls explain in details

Hi tmnkin - As per 315, re-entry is at 3 EMA touch.

However 5 EMA provides a good short term support to corrections so people who missed entries earlier can enter at 5 EMA as well.

Remember, different EMAs work as resistance and supports both .... in 315 .. 15 EMA provides the swing support (and hence becomes our ADD point) and 3 EMA provides intraday supports.

Cheers
SH