SH's 315 Strategy - how to use if effectively

[kaly422000]

ichimoku kinko hayo indicater has 2 component tinkensen and kijunsen line, if the scrip trending then tinkensen cross over kijunsen is a very strong signal

 

[Best of Luck]

Re: Timing of entering the trade

If you are referring to the '3rd' lot, it was added a couple of days back when Nifty kissed 15 EMA.

Cheers
SH

Sir ,
What I am asking is whenever NF comes in contact with
15 EMA and on the verge of crossing but raises again
On that day or next day - the timing to add more lots-
either in the opening session itself or we have to wait
till 3.15 to confirm that it wont cross but will only go up ?

 

[Tradewithhunter]

Sir, Stop 5375...how calculated in advance.? Is it 2.5% of Average Cost or Wat.?

Thanx,

Hi - the stop value is based on my chart reading and not on 315. My view is that markets would stay flat to negative in the next 3 months (until October) and then we will see a year end rally.

Therefore I am keeping tight stop losses and locking in profits in longs with every upmove. I would like to short this market when the 315 sell signal comes.

Cheers
SH

 

[Tradewithhunter]

Re: Timing of entering the trade

Sir ,
What I am asking is whenever NF comes in contact with
15 EMA and on the verge of crossing but raises again
On that day or next day - the timing to add more lots-
either in the opening session itself or we have to wait
till 3.15 to confirm that it wont cross but will only go up ?

Hi - Please read my response carefully - the 3rd lot is ADDED as soon as 15 EMA is kissed. No waiting for a crossover or bounceback.

Cheers
SH

 

[Tradewithhunter]

Hi Guys - I found this website - excellent tool for backtesting trades in a highly simulated environment... DO TRY IT .... use 534 EMA crossover instead of 315 crossover since this site uses US stocks for simulation.

This will sharpen your skills for trading 315 or 534 ....

Trade 10-15 stocks and post your results here .. enjoy!

www . chartgame . com

Cheers
SH

 

[tmnkin]

F&O Crossover as on 03-Aug-2010

Entry date Scrip Action Reason Entry Price Stop Loss
03-Aug-2010 IDFC SELL 315 -Cross 186.05 190.70
03-Aug-2010 INFOSYSTCH SELL 315 -Cross 2787.15 2856.83
03-Aug-2010 RELCAPITAL SELL 315 -Cross 782.25 801.81

Cash Crossover as on 03-Aug-2010

Entry date Scrip Action Reason Entry Price Stop Loss
03-Aug-2010 IDBI BUY 315 +Cross 122.35 119.29
03-Aug-2010 IDBI BUY 534 +Cross 122.35 119.29

 

[Best of Luck]

Re: Timing of entering the trade

Hi - Please read my response carefully - the 3rd lot is ADDED as soon as 15 EMA is kissed. No waiting for a crossover or bounceback.

Cheers
SH

Yes Sir,
But even though the first 2 lots are in profits, suppose if 315 crosses down
the 3rd lot would hit stoploss - wouldn't it ?
Is it not safer to wait till it bounce back ?
Thanks.

 

[Tradewithhunter]

Re: Timing of entering the trade

Yes Sir,
But even though the first 2 lots are in profits, suppose if 315 crosses down
the 3rd lot would hit stoploss - wouldn't it ?
Is it not safer to wait till it bounce back ?
Thanks.

yes if you are conservative trade you can wait for a bounceback.

Cheers
SH

 

[VJAY]

Hi - the stop value is based on my chart reading and not on 315. My view is that markets would stay flat to negative in the next 3 months (until October) and then we will see a year end rally.

Therefore I am keeping tight stop losses and locking in profits in longs with every upmove. I would like to short this market when the 315 sell signal comes.

Cheers
SH

SH Sir,
Are you putting this stop from morning or watch it @eod?

 

[rithu4u]

Dear SH sir,

today nifty cash eod 3EMA not touching eod candle, sir in this case ve u booked profit in ur 3 lots?