SH's 315 Strategy - how to use if effectively

[rrmhatre72]

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

Hi SH,

Is today's run generating buy signal?

 

[sujittalukder]

No.
315 Still in sell mode.
regards
Sujit Talukder

 

[tmnkin]

&O Crossover as on 21-Oct-2010

Entry date Scrip Action Reason Entry Price Stop Loss
21-Oct-2010 HDIL BUY 315 +Cross 276.40 269.49
21-Oct-2010 HDIL BUY 534 +Cross 276.40 269.49
21-Oct-2010 LT BUY 315 +Cross 2053.00 2001.68
21-Oct-2010 RCOM BUY 315 +Cross 179.55 175.06
21-Oct-2010 SAIL BUY 315 +Cross 222.10 216.55
21-Oct-2010 SESAGOA SELL 315 -Cross 353.65 362.49

 

[rrmhatre72]

No.
315 Still in sell mode.
regards
Sujit Talukder

What is 3EMA & 15EMA values based on today's close?

 

[Tradewithhunter]

What is 3EMA & 15EMA values based on today's close?

3 EMA 6084 approx
15 EMA 6093 approx

No reversal yet.

Cheers
SH

 

[calmeshenoy]

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,sir today unitech n sail trigred

 

[calmeshenoy]

sir pls tel me hw trade with 315 r 534 crossover,signal generated@last 5mts before closing ex:unitech [email protected], but today it made low f 89 n trigrd as it closes abv ur stp los lvl 90.3

 

[rrmhatre72]

3 EMA 6084 approx
15 EMA 6093 approx

No reversal yet.

Cheers
SH

Thanks SH,

I refer google finance. But EOD graph is updated only next day hence I asked for the info.
Anyway today I checked google graph & it is showing following values.
3EMA :6062
15EMA : 6070.

I am not sure why these numbers are different than your numbers.
Appreciate if you can guide on same.

 

[MindlessTrader]

Thanks SH,

I refer google finance. But EOD graph is updated only next day hence I asked for the info.
Anyway today I checked google graph & it is showing following values.
3EMA :6062
15EMA : 6070.

I am not sure why these numbers are different than your numbers.
Appreciate if you can guide on same.

yours is correct.but its NIFTY SPOT..in my amibroker EOD values are same....higher values are for nifty future...

 

[columbus]

3 EMA 6084 approx
15 EMA 6093 approx

No reversal yet.

Cheers
SH

For Current Month Nifty futures closing at 6087,as per Sharekhan
3-EMA=6089
15-EMA=6095