SH's 315 Strategy - how to use if effectively

[tmnkin]

I checked it - and your application is absolutely correct. 315 sell came after 534 sell since 15 EMA was lower than 34 EMA.

Apologies for the confusion.

Cheers
SH

Ah, so my application is doing good, and sh one more thing we want know, we know u r following 20 scrips, r u taking position in all scrips whenever crossover happens, or filtering scrips with any criteria.

suppose in a day 10 crossover happens mean r u taking position in all 10 scrips?

 

[rrmhatre72]

Hi,

After today's fall, Is Nifty still in buy zone?

 

[Tradewithhunter]

Hi,

Contrary to you, I took a bearish view of the market I am into Put of BankNifty 9300. It is my first time into options. My track record is that I make a big killing when I fail in my first trade.

I wish all 315 followers should prosper to make my first trade in options a super flop.:lol:

Dear Veluri - Each scrip has its own independent signals. As per 315, Nifty is still bullish however on BankNifty the 315 sell was generated 2 days back. Therefore your puts are in line with 315 signal (and not against it).

I have been short on ICICI BAnk futures from last 2 days while long on Nifty - both based on 315 signals. Ultimately, both will come in line at some stage and I will end up holding both shorts or both longs. Till that time, they are kind of hedging each other.

What 315 ends up doing is that you always short the weakest of the pack and always long the strongest of the pack.

Hope this makes sense.

Cheers
SH

 

[Tradewithhunter]

Ah, so my application is doing good, and sh one more thing we want know, we know u r following 20 scrips, r u taking position in all scrips whenever crossover happens, or filtering scrips with any criteria.

suppose in a day 10 crossover happens mean r u taking position in all 10 scrips?

Hi tmnkin - I dont hold more than 5 positions at any point. I have explained how I select my 5 stocks out of 20 at length in one of my previous post.

It will take some time but if you can go through the previous pages, you should be able to find that post of mine.

Cheers
SH

 

[Tradewithhunter]

Hi,

After today's fall, Is Nifty still in buy zone?

Yes, the 315 bearish crossover has not happend yet on Nifty futures.

Cheers
SH

 

[veluri1967]

Dear Veluri - Each scrip has its own independent signals. As per 315, Nifty is still bullish however on BankNifty the 315 sell was generated 2 days back. Therefore your puts are in line with 315 signal (and not against it).

I have been short on ICICI BAnk futures from last 2 days while long on Nifty - both based on 315 signals. Ultimately, both will come in line at some stage and I will end up holding both shorts or both longs. Till that time, they are kind of hedging each other.

What 315 ends up doing is that you always short the weakest of the pack and always long the strongest of the pack.

Hope this makes sense.

Cheers
SH

From serious point of view, you are very right.:thumb:

From lighter point of view, you are making me to loose in the longer term by making my first trade a winner.

From neutral point of view, looking for alignment of both Nifty and Banknifty.

From my personal view, 315 is a deadly weapon in a trader's arsenal.:clap:

Looking forward for more profitable tweaks. All the best.

 

[pundit]

Dear SH ji,
Can we use 315 for bank nifty with same rules??

Still not get any reply...

 

[naveenvadavadagi]

Still not get any reply...

Hi,

Yes, SH's 315 rule can be applied to all indexes[bank nifty too], and stock futures.

 

[ipodpune]

Interesting

 

[Tradewithhunter]

Hi Guys,

Nifty is back up after taking support at 15 EMA on daily charts and 3 EMA on weekly charts.

The 15 EMA kiss around 5240 was an opportunity to 'ADD' longs as per my rules. One should be holding 2 lots long now (first one from 5086 & Second one from 5240).

The average buy rate for both lots is 5163 which gives us a 150+ point cushion i.e even if 315 sell is generated around 5200 .. our position will still give profits.

For the time being, all izz well for bulls.

Cheers
SH

Flat opening again today. As I wrote on Monday morning in this thread, the Nifty did breach the previous week low and has stayed in a range of 120 points till now throughout the week.

While most of the global markets have convincingly entered into bearish territories of charting world, Nifty charts have stayed resilient holding into the bullish territory. This has created a big divergence between global indeces and Nifty, and shows the bullish undertone in Indian markets.

The indian markets havent been sold off yet since there is an expectation of results being better this quarter in India, so again, my guess is that the decisive range break will happen when the results starts coming out.

The 'most talked' about head and shoulder on DOW Jones and S&P daily charts saw the neckline break yesterday. For the classical chartists, this should spell doom and a fall of another 20% from current levels. However, with whatever experience I have, I think it can be very well a fake breakdown and the markets reverses back after another 5% fall.

The new highs are still pending in 2010.

Cheers
SH