SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

Thanks guys for your views ...

From my perspective, markets are poised at a very critical trading band and its like standing at a 'Y' shape road, left hand goes to hell and right hand goes to heaven.

Fundamentally - Fed has stopped printing money, interest rates are on a rise gradually and the global growth seems to have peaked which are all negative news for markets. The biggest scare is how bad does it need to get before Fed starts printing money again?

In the short term, there are a lot of bullish divergences being shown by many leading indicators vis-a-vis stock markets so markets can continue to move up albeit on lower momentum.

In the medium term, markets should come down by another 20% - 25% back to 2009 levels.

In the long run, we are still in a secular bear market (Yes sir - contradictory to many who believe in price only, if you adjust price with inflation, we are going down since 2007)

If Fed starts printing money in 2011, we should be able to see 6500 on Nifty by 2011/2012

Coming back to right now, longs continued to be held as per 315.

Cheers
SH

 

[Rajeevji]

As per fundamentals, the Indian market has to go up:

Domestic economy is growing. Indirect Tax collections & Corporate tax collection for quarter ending 15th Jun are much higher thn last year even after allowing for the fall last year.

[ii] The only worry appears to be inflation on domestic economy front.

[iii] If foreign economies do worse, it is good for us: Investors would tend to come to India and commodity prices will fall.

[iv] Nifty is just waiting for Q! results to come out then invetros will know which scrips to invest in - like Axis bank.

markets will keep trending. There should be no difficuty in taking bull signals of 315 / 1555.

SH: Please say a few words on why 315 doesnot work on Dow etc. Though Raunak appears to know, I cant fathom the "paheli".

regards

Rajeev

 

[simple_trader]

India was growing when we visited 2500 NF in 2008. Its global markets and sentiment change can damage the price a lot. It is better to be in cautious side. I do not think market can give real up side breakout without a panic setting correction.

Happy trading!

 

[tmnkin]

F&O Crossover as on 19-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
19-Jul-2010 NTPC BUY 315 +Cross 203.30 198.22
19-Jul-2010 NTPC BUY 534 +Cross 203.30 198.22
19-Jul-2010 RCOM BUY 315 +Cross 192.80 187.98
19-Jul-2010 RELIANCE SELL 315 -Cross 1061.45 1087.99

Cash Crossover as on 19-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
19-Jul-2010 NTPC BUY 315 +Cross 202.35 197.29
19-Jul-2010 NTPC BUY 534 +Cross 202.35 197.29
19-Jul-2010 RCOM BUY 315 +Cross 191.55 186.76
19-Jul-2010 SAIL BUY 534 +Cross 198.95 193.98

 

[tmnkin]

F&O Crossover as on 20-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
20-Jul-2010 ESSAROIL SELL 315 -Cross 134.80 138.17

 

[tmnkin]

F&O Crossover as on 21-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
21-Jul-2010 SAIL BUY 534 +Cross 203.70 198.61
21-Jul-2010 SESAGOA BUY 315 +Cross 365.50 356.36

Cash Crossover as on 21-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
21-Jul-2010 SESAGOA BUY 315 +Cross 365.90 356.75

 

[Tradewithhunter]

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

Re-entry happened at 5375 and markets have been hovering slightly above these levels.

The current 315 trade has given approximately 400 point profit overall with currently 2 lots long open.

I have put a hard stop at 5345 since its time to lock in most of the profits.

Cheers
SH

 

[tmnkin]

F&O Crossover as on 22-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
22-Jul-2010 SESAGOA BUY 534 +Cross 366.50 357.34

 

[tmnkin]

hi sh i am trying to develop a comprehensive application to track 315 entry and exit with charts, i developing my own charting software with that, i would like to know the additional tool like RSI,stochastic, macd etc which can accompany 315 in charts, i know as u said u dont want to complicate it, but developing this into software with more tedious trend confirmation will be much added advantage to our users, and i will share that application in this forum once i complete that.

 

[shajans]

NTPC; such a dud stock; Is it worth watching this scrip? Moreover, it is not in SH's list too. Thanks.