SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

positions can be added to winning trade whenever candle touches 15 EMA. & last 4 candles are touching 15 EMA.
SH Sir, please correct if I'm wrong.

there is no such condition of last 4 candles ....

cheers
SH

 

[amitraniwala]

Hi all,

true the recent bearish crossover wasn't visible to the naked eye and I might have jumped into the shorts slightly early.

In any case the bearish crossover has been negated by a bullish crossover yesterday so we are back in longs. However 5500 being a strong resistance, the risk reward ratio in longs at current stage is not very high, therefore buy some puts (sine the IVs are very low right now, options can be bought for very cheap).


Cheers
SH

Hi SH,

For exiting shorts and going long you waited till EOD or took position as soon as shortside crossover was negated intraday.

Rgrds,
Amit

 

[Best of Luck]

Target achieved

Dear Tradewith Hunter,
Hope you remember my post on 13th July #1417

Thanks Sir.
I am a layman with simple skills.According to my calculations
Nifty is in 5th wave from the low stating at 4767 in May 25th.
It is very strong.So according to Elliott wave the
first target is 5432-5440 which will be easily achieved by Nifty 90%
tomorrow itself.
The other targets are 5520 / 5574 /5590 and 5668 and
since Gann target also agrees with last target of 5668
I believe that Market will certainly go there.
Again thanks.

Today Nifty achieved 5520.The targets will be achieved but It may take time
and requires fresh calculations.

 

[pshirurkar]

I agree with you mr BEST OF LUCK ,as nifty is inching higher and higher ,the bears may come forward to cover their shorts, & this will make the nifty to cross 5600 till AUG expiry.
thanks.

 

[rahuld2976]

there is no such condition of last 4 candles ....

cheers
SH

SH sir,
Thanks for response.
Spot nifty touching 15 EMA on 11,12,13,16,17,18 Aug. How to deal with such situation ?
Thanks.

 

[Tradewithhunter]

SH sir,
Thanks for response.
Spot nifty touching 15 EMA on 11,12,13,16,17,18 Aug. How to deal with such situation ?
Thanks.

We trade futures hence we look at futures charts only. We do not look at spot charts.

Cheers
SH

 

[rrmhatre72]

Hi,

Have not seen stock/Nifty list for entry/exit as par 315 from past few days.
I hope everything is well at your end.

 

[tmnkin]

F&O Crossover : 23-Aug-2010
F&O Crossover as on 23-Aug-2010

Entry date Scrip Action Reason Entry Price Stop Loss
23-Aug-2010 RELCAPITAL BUY 534 +Cross 785.00 765.38
23-Aug-2010 UNITECH BUY 315 +Cross 86.25 84.09

Cash Crossover as on 23-Aug-2010

Entry date Scrip Action Reason Entry Price Stop Loss
23-Aug-2010 RELCAPITAL BUY 534 +Cross 787.00 767.33
23-Aug-2010 UNITECH BUY 315 +Cross 86.15 84.00

 

[prabit]

Hi tmnkin,thanks a lot for effort and post for benefit of other members. I have also observed that relcap is coming out from oversold position.

F&O Crossover : 23-Aug-2010
F&O Crossover as on 23-Aug-2010

Entry date Scrip Action Reason Entry Price Stop Loss
23-Aug-2010 RELCAPITAL BUY 534 +Cross 785.00 765.38
23-Aug-2010 UNITECH BUY 315 +Cross 86.25 84.09

Cash Crossover as on 23-Aug-2010

Entry date Scrip Action Reason Entry Price Stop Loss
23-Aug-2010 RELCAPITAL BUY 534 +Cross 787.00 767.33
23-Aug-2010 UNITECH BUY 315 +Cross 86.15 84.00

 

[tmnkin]

F&O Crossover as on 24-Aug-2010

Entry date Scrip Action Reason Entry Price Stop Loss
24-Aug-2010 BHARTIARTL BUY 315 +Cross 322.80 314.73
24-Aug-2010 JPASSOCIAT SELL 315 -Cross 118.65 121.62
24-Aug-2010 TATASTEEL SELL 534 -Cross 514.00 526.85
24-Aug-2010 UNITECH SELL 315 -Cross 83.75 85.84