SH's 315 Strategy - how to use if effectively

[vijay0083]

how to calculate ema

 

[columbus]

I remember stockcharts.com has given the formula.

 

[Best of Luck]

Calculation of EMA

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages

 

[Tradewithhunter]

Quick update on Nifty trades since the last trade (posted above).


Short on 17/08/2010 at 5424 (profit of 500+ points on previous long booked)
Long on 18/08/2010 at 5483 (loss of 59 points on previous short booked)
Short on 27/08/2010 at 5415 (loss of 68 points on previous long booked)
Long on 2/9/2010 at 5489 (loss of 74 points on previous short booked)

Currently Nifty at 5900+ so our NF longs based on 315 trade is again in profits of 500+ on one lot .

No ADDS yet.

As you can see from above, with markets going rangebound in August, we got 3 consecutive whipsaws which generated small losses. However sticking to the system always pays, and hence the current big gain has already covered more than what we lost in those 3 trades.


Enjoy disciplined trading & the resultant profits :thumb:

Cheers
SH

NF has touched 6000+ levels, based on some calculations based for this year, my first target for Nifty was 6100 levels and we are pretty close to it.

The Nifty trade based on 315 is again is 500+ profits, I am booking my longs here ... and relaxing for some time.

Cheers
SH

 

[Tradewithhunter]

NF has touched 6000+ levels, based on some calculations based for this year, my first target for Nifty was 6100 levels and we are pretty close to it.

The Nifty trade based on 315 is again is 500+ profits, I am booking my longs here ... and relaxing for some time.

Cheers
SH

Will enter longs again on 15 EMA touch only.

Cheers
SH

 

[tmnkin]

hi sh,

sorry to disturb you, i know this questions is out of context

i heard when trading strategies shared with more people means, sooner or later strategy may not perform well,

dhiraj mentioned in this new post that once strategy shared in tradeji forum, they found its not performing as before, also given examples like pride intraday and saint flow method

is that true???

 

[Best of Luck]

I think so.When too many people follow it becomes diluted and loses its virility.
Most of high level traders may keep one or two extra strategies for themselves
as insurance or they will invent one more and move one step ahead.
I do not consider it as wrong because we should not
look upon him to spoon feed us.
We should learn to move forward and invent something new ourselves even though this age oldstrategy of MA crossovers is profitable.
I think it was Tennyson who said

"The old order changeth, yielding place to new,
And God fulfills himself in many ways,
Lest one good custom should corrupt the world.

 

[Tradewithhunter]

hi sh,

sorry to disturb you, i know this questions is out of context

i heard when trading strategies shared with more people means, sooner or later strategy may not perform well,

dhiraj mentioned in this new post that once strategy shared in tradeji forum, they found its not performing as before, also given examples like pride intraday and saint flow method

is that true???

TMNKIN - unless the markets stop trending, the trend following systems will never fail.

EMA crossovers have worked well always ... only the MA values change .... we will also change if 315 doesnt work for us.

Secondly, how many traders do you think would follow any strategy posted here? a few thousand max?? We have 80 lakh participants who trade daily on NSE ... do you think the market makers would target these few thousands just becuase they are profitable? I dont think so ....

Cheers
SH

 

[tmnkin]

hi

since tueday not able to post crossover, nse modified their site,not able to get live price, will try my best to crack within today, i am almost done from next week onwards i will post regularly

 

[VJAY]

Dear tmnkin,
Can you have excell formula/excell sheet for 315...If so please share it if you don't mind....