SH's 315 Strategy - how to use if effectively

[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

NF at 5355 .... yesterday's candle did not touch 3 EMA and today a further gap up. I have booked both lots now at 5355 and will re-enter at 3 EMA touch.


This trade again has given 269 points profit on first lot and 155 points profit on second lot .... :thumb:

This is over and above the 30-40 point profit we made when we exited at 3 EMA not touching and reentering at 5320 levels again....

all izz still well for bulls !

Cheers
SH

 

[simple_trader]

NF at 5355 .... yesterday's candle did not touch 3 EMA and today a further gap up. I have booked both lots now at 5355 and will re-enter at 3 EMA touch.


This trade again has given 269 points profit on first lot and 155 points profit on second lot .... :thumb:

This is over and above the 30-40 point profit we made when we exited at 3 EMA not touching and reentering at 5320 levels again....

all izz still well for bulls !

Cheers
SH

Cheers, this is some profit booking time surely! We should exit come here at 5350 odd level. Possibility of touching 5400 is there today though. We have not seen spike yet!

Thanks!

 

[tmnkin]

hi SH, i remember once u developed a indicator name RSEX, r u still using that, is there any connection to that with 315

 

[tmnkin]

F&O Crossover as on 09-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
09-Jul-2010 DLF BUY 315 +Cross 296.90 289.48
09-Jul-2010 DLF BUY 534 +Cross 296.90 289.48
09-Jul-2010 ICICIBANK BUY 315 +Cross 870.35 848.59
09-Jul-2010 NTPC SELL 534 -Cross 199.60 204.59
09-Jul-2010 TATASTEEL BUY 315 +Cross 486.75 474.58

Cash Crossover as on 09-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
09-Jul-2010 CAIRN BUY 534 +Cross 301.00 293.48
09-Jul-2010 DLF BUY 315 +Cross 295.30 287.92
09-Jul-2010 DLF BUY 534 +Cross 295.30 287.92
09-Jul-2010 ICICIBANK BUY 315 +Cross 875.25 853.37
09-Jul-2010 RCOM BUY 315 +Cross 193.00 188.18
09-Jul-2010 TATASTEEL BUY 315 +Cross 495.40 483.02

 

[Tradewithhunter]

hi SH, i remember once u developed a indicator name RSEX, r u still using that, is there any connection to that with 315

Hi tmnkin - I didn't develop it, it was icharts customised indiacator. I just popularised it.

I no more use RSEX indiactor since its oscillator based not trend following.

Cheers
SH

 

[pundit]

Yesterday's candle is also not touching 3 EMA.

 

[sujittalukder]

For the last two candles ie for 08th July and 09th July, there is conflict between Nifty and Mininifty. The two candles are not touching the 3EMA in nifty whereas they are touching for MiniNifty. Normally, both the charts and candles shows similar picture.So interpreting the charts now confusing. nifty says to exit but Mininifty is telling to remain in Long position.
regards
Sujit Talukder

 

[tmnkin]

F&O Crossover as on 12-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
12-Jul-2010 CAIRN BUY 315 +Cross 313.00 305.18
12-Jul-2010 ICICIBANK BUY 534 +Cross 885.00 862.88
12-Jul-2010 SAIL BUY 315 +Cross 196.45 191.5

Cash Crossover as on 12-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
12-Jul-2010 CAIRN BUY 315 +Cross 311.80 304.01
12-Jul-2010 ICICIBANK BUY 534 +Cross 894.00 871.65
12-Jul-2010 SAIL BUY 315 +Cross 196.35 191.44

 

[rrmhatre72]

F&O Crossover as on 12-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
12-Jul-2010 CAIRN BUY 315 +Cross 313.00 305.18
12-Jul-2010 ICICIBANK BUY 534 +Cross 885.00 862.88
12-Jul-2010 SAIL BUY 315 +Cross 196.45 191.5

Cash Crossover as on 12-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
12-Jul-2010 CAIRN BUY 315 +Cross 311.80 304.01
12-Jul-2010 ICICIBANK BUY 534 +Cross 894.00 871.65
12-Jul-2010 SAIL BUY 315 +Cross 196.35 191.44

Hi TM,

Is there any free software to monitor graphs for all these stocks & Nifty

 

[tmnkin]

Hi TM,

Is there any free software to monitor graphs for all these stocks & Nifty

hi i am not sure about any software available for free, but icharts and investbulls providing charting facility for Rs.350, i used icharts but now i am using my own charting tool