SH's 315 Strategy - how to use if effectively

[puneet_gaur2k1]

Here is 5 min chart of Mini Nifty

 

[puneet_gaur2k1]

Now Bullish crossover occurs

I am long @ 4589

 

[puneet_gaur2k1]

NIFTY is making r3d attempt to pass the 4600 mark :thumb:

 

[observer]

Here is 5 min chart of Mini Nifty

Who is your RT feed provider?

 

[puneet_gaur2k1]

Market-Data-Provider

 

[bandlab2]

SH,

Can you update yr positions on Nifty, RIL, DLF, ICICI?

 

[AlokTewari]

I am using ICharts for intraday & EOD Charts. Can anyone tell me if I want to use 315 Strategy, then how do I superimpose intraday candles on EOD 3 DAY & 15 Day EMA. If I use only intraday chart for candles & EMAs then there are too many whipsaws and every few minutes EMAs & price candles cross. Can some one tell me which charts to use. Thanks

 

[Tradewithhunter]

SH,

Can you update yr positions on Nifty, RIL, DLF, ICICI?

hi Bandlab,

I was long on all these scrips on Friday except ICICI bank where i was short.

Markets whipsawed today with the gap down.. closed Nifty, RIL and DLF longs and now into shorts. Holding ICICI shorts from Friday.

Cheers
SH

 

[bandlab2]

SH,

How do you handle the gaps? when open is below our SL, then exit at any cost at open?

Also you entered shorts at close?

 

[Tradewithhunter]

SH,

How do you handle the gaps? when open is below our SL, then exit at any cost at open?

Also you entered shorts at close?

Hi Bandlab,

if it opens below our SL, yes we would exit at the open unless the 3 EMA is not touching the candle. If 3 EMA is not touching the candle, I ususally hold and exit only once 3 EMA is touched. alternatively, you can also play for openiing range breakout of first 5 mins i.e hold if after a gap down markets go above the first 5 minute range keeping an SL slightly below the range's low.

Yes I had entered all shorts at close and now short in all counters including RIL.

Cheers
SH