SH's 315 Strategy - how to use if effectively

[shajans]

Thanks TWH, Read all the 1349 posts in 4 days ! Thanks to tmnkin for the daily crossover posts.
Shajan.

 

[shajans]

Dear,
How do you calculate stoploss given above ?

Read Post 1291.

 

[Tradewithhunter]

Mkts have gone into consolidation , MACD on daily charts is positive, RSI is above 50 and 315 EMA setup is bullish .... all izz well for bulls right now.

I am holding longs until 315 gives a sell.

15 EMA has moved closer to 5200, so any dips to 5200 should be used to ADD longs as per the rules.

Cheers
SH

The weekly candle last week did not touch 3 EMA on weekly charts. This indicates that the market will take a breather this week and at some point we might go down below last weeks lows to touch 3 EMA (which is around 5260 right now).

Alternatively, Nifty can run pulling up 3 EMA and making it touch this week's candle.

My guess is markets will trade sideways this week too. HOlding longs until 315 signal is long.

Cheers
SH

 

[tmnkin]

as per sh rule there wont be any stop loss until opposite crossover happens

but i am following 2.5% as stoploss bcs whenever scrip goes below 2.5% after crossover mostly opp. crossover will happen soon, i arrived this by back testing few years

 

[tmnkin]

F&O Crossover as on 28-Jun-2010

Entry date Scrip Action Reason Entry Price Stop Loss
28-Jun-2010 SBIN SELL 315 -Cross 2312.00 2369.80
28-Jun-2010 SESAGOA SELL 534 -Cross 365.25 374.38

nill cash crossover happened today

 

[simple_trader]

Tend to believe market will get support around 5270 and probably resume rally next week. We can go upto 5450 NF around. Let's see how things work.

Happy trading!

Looks like we are on track to go upto 5450 NF.

Happy trading!

 

[pundit]

as per sh rule there wont be any stop loss until opposite crossover happens

but i am following 2.5% as stoploss bcs whenever scrip goes below 2.5% after crossover mostly opp. crossover will happen soon, i arrived this by back testing few years

NICE analysis.........

 

[Tradewithhunter]

The weekly candle last week did not touch 3 EMA on weekly charts. This indicates that the market will take a breather this week and at some point we might go down below last weeks lows to touch 3 EMA (which is around 5260 right now).

Alternatively, Nifty can run pulling up 3 EMA and making it touch this week's candle.

My guess is markets will trade sideways this week too. HOlding longs until 315 signal is long.

Cheers
SH

As usual, 3 EMA showing its magic powers, this time on weekly charts. :lol:

NF has breached previous week's lows with ease and is now getting supported at 5260.

Cheers
SH

 

[tmnkin]

F&O Crossover as on 29-Jun-2010

Entry date Scrip Action Reason Entry Price Stop Loss
29-Jun-2010 HDFCBANK SELL 315 -Cross 1913.90 1961.75
29-Jun-2010 ICICIBANK SELL 315 -Cross 848.10 869.30
29-Jun-2010 ICICIBANK SELL 534 -Cross 848.10 869.30
29-Jun-2010 IDBI SELL 315 -Cross 115.30 118.18
29-Jun-2010 SESAGOA SELL 315 -Cross 345.90 354.55
29-Jun-2010 TATASTEEL SELL 315 -Cross 476.35 488.26
29-Jun-2010 TCS SELL 315 -Cross 757.00 775.93

 

[shajans]

Hello TwH !

Is there any change in the below 315 tracking list of yours : -

1. Nifty
2. Bank Nifty
3. ACC
4. ABAN
5. DLF
6. Unitech
7. ICICI BANK
8. IFCI
9. IDBI
10. JP Associate
11. L&T
12. RCOM
13. Bharti Airtel
14. Reliance
15. Reliance Capital
16. SAIL
17. SESAGOA
18. SUZLON
19. STERLITE
20. SBI Bank

Thanks.