SH's 315 Strategy - how to use if effectively

[itprodeepak]

ema3  =6097
ema15 =6084

nifty futures ema:

3 ema : 6137.23
15 ema : 6111.44

 

[columbus]

nifty futures ema:

3 ema : 6137.23
15 ema : 6111.44

Hi itprodeepak,

Yes, you may be correct.I have not checked FUTURE's figures.
Figures given by me are NIFTY - SPOT.

 

[GAYANAND]

SHji,
Even BANKINDIA IS A SELL AS THE PRICE IS BELOW 15EMA. ALSO CANDLE NOT TOUCHING 3EMA. HAVE I UNDERSTOOD CORRECT? IF NOT PLEASE CORRECT ME.

 

[Tradewithhunter]

SHji,
Even BANKINDIA IS A SELL AS THE PRICE IS BELOW 15EMA. ALSO CANDLE NOT TOUCHING 3EMA. HAVE I UNDERSTOOD CORRECT? IF NOT PLEASE CORRECT ME.

Bank India futures might generate a sell today as the bearish crossover was not complete until yesterday.

Cheers
SH

 

[tmnkin]

Entry date Scrip Action Reason Entry Price Stop Loss
19-Oct-2010 DLF SELL 315 -Cross 370.45 379.71
19-Oct-2010 HDIL SELL 534 -Cross 270.60 277.37
19-Oct-2010 ICICIBANK SELL 315 -Cross 1121.50 1149.54
19-Oct-2010 IDFC SELL 315 -Cross 202.70 207.77
19-Oct-2010 INFOSYSTCH SELL 315 -Cross 2992.00 3066.80
19-Oct-2010 JPASSOCIAT SELL 315 -Cross 127.85 131.05
19-Oct-2010 MINIFTY SELL 315 -Cross 6045.10 6196.23
19-Oct-2010 NIFTY SELL 315 -Cross 6042.00 6193.05
19-Oct-2010 RCOM SELL 315 -Cross 175.00 179.38
19-Oct-2010 TATASTEEL SELL 315 -Cross 635.00 650.88

now it seems downtrend is confirmed,

 

[dp33770]

Entry date Scrip Action Reason Entry Price Stop Loss
19-Oct-2010 DLF SELL 315 -Cross 370.45 379.71
19-Oct-2010 HDIL SELL 534 -Cross 270.60 277.37
19-Oct-2010 ICICIBANK SELL 315 -Cross 1121.50 1149.54
19-Oct-2010 IDFC SELL 315 -Cross 202.70 207.77
19-Oct-2010 INFOSYSTCH SELL 315 -Cross 2992.00 3066.80
19-Oct-2010 JPASSOCIAT SELL 315 -Cross 127.85 131.05
19-Oct-2010 MINIFTY SELL 315 -Cross 6045.10 6196.23
19-Oct-2010 NIFTY SELL 315 -Cross 6042.00 6193.05
19-Oct-2010 RCOM SELL 315 -Cross 175.00 179.38
19-Oct-2010 TATASTEEL SELL 315 -Cross 635.00 650.88

now it seems downtrend is confirmed,

Hi tmnkin,
Please let me know how you identify all the Sell/Buy Signals.
Do you manually monitor all these scripts or you have some automated formula for this.

Thanks,
Deep

 

[gurwant]

ashok leyland

i have bought ashokleland @74.15
should i hold it and waht should be target as well as stoploss

 

[Tradewithhunter]

Ok Friends,

Nifty 315 bullish swing ended today with EOD generating a sell signal around 6025. I am short on Nifty now.

Please note that markets have a tendency to go through cycles .. first it will trend for a good period ... then it will become rangbound .... then trend again .. then rangebound and so on ......

A trader needs to be concious of these cycles and hence should be smart with position sizing.

For example, the current bullish swing was a nice trending move ... now there is a possibility for nifty to go rangebound i.e we might see one or two (or maybe 3 as well) whipsaws on 315 before the next trending move comes.

Therefore, the position sizing has to be kept small now for this sell signal. If you trade only 1 lot size, then you cant do much anyways in changing position size.

It is also possible that the markets dont whipsaw and this bearish crossover also leads to a nice down swing trend.... but we need to be aware of the cyclical nature of markets.

Cheers
SH

 

[tmnkin]

F&O Crossover : 20-Oct-2010
F&O Crossover as on 20-Oct-2010

Entry date Scrip Action Reason Entry Price Stop Loss
20-Oct-2010 ABAN SELL 534 -Cross 811.00 831.28
20-Oct-2010 CAIRN SELL 315 -Cross 338.80 347.27
20-Oct-2010 HDFC SELL 315 -Cross 702.00 719.55
20-Oct-2010 SAIL SELL 315 -Cross 216.85 222.27
20-Oct-2010 STER SELL 315 -Cross 171.30 175.58
20-Oct-2010 STER SELL 534 -Cross 171.30 175.58
20-Oct-2010 UNITECH SELL 315 -Cross 88.10 90.30

 

[pundit]

Ok Friends,

Nifty 315 bullish swing ended today with EOD generating a sell signal around 6025. I am short on Nifty now.

Please note that markets have a tendency to go through cycles .. first it will trend for a good period ... then it will become rangbound .... then trend again .. then rangebound and so on ......

A trader needs to be concious of these cycles and hence should be smart with position sizing.

For example, the current bullish swing was a nice trending move ... now there is a possibility for nifty to go rangebound i.e we might see one or two (or maybe 3 as well) whipsaws on 315 before the next trending move comes.

Therefore, the position sizing has to be kept small now for this sell signal. If you trade only 1 lot size, then you cant do much anyways in changing position size.

It is also possible that the markets dont whipsaw and this bearish crossover also leads to a nice down swing trend.... but we need to be aware of the cyclical nature of markets.

Cheers
SH

Will short on 534 crossover. Lets c where it goes.