SH's 315 Strategy - how to use if effectively

[nosterxander]

Dear SH sir,

what is the best strategy for intraday and mention some filters with it.

 

[nishu900]

Dear Sir,
I have recently read the strategies in this forum and really impressed by this strategy. So in order to clarify my doubt i am posting the chart of oreintal bank of commerce so kindly correct me if i am wrong somewhere.

On 20th OCT 315 strategy generates a sell signal but on very next day 3ema cross above the 15ema means stoploss is triggered. so what would be the sl point as soon as the 3ema cross above the 15ema which is at 480 or some other point ?

 

[rrmhatre72]

Hi SH,

Is long cross-over happening in Nifty today?
Do we need to reverse our short position to long?

 

[sujittalukder]

Yes.
Long cross over took place today.
Now at 15:24 hrs and NF at 6140 also touched 3EMA. So as per rule, book loss for short and go long.
regards
Sujit Talukder

 

[tmnkin]

F&O Crossover as on 25-Oct-2010

Entry date Scrip Action Reason Entry Price Stop Loss
25-Oct-2010 LT BUY 315 +Cross 2045.00 1993.88
25-Oct-2010 MINIFTY BUY 315 +Cross 6139.00 5985.53
25-Oct-2010 NIFTY BUY 315 +Cross 6138.80 5985.33

Cash Crossover as on 25-Oct-2010

Entry date Scrip Action Reason Entry Price Stop Loss
25-Oct-2010 SBIN BUY 315 +Cross 3237.85 3156.90

again nifty whipsawed

 

[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

As expected, the sell signal has whipsawed and shorts exited with loss.

Now holding longs (again small quantity). I will be back to normal quantity in case this buy signal also whipsaws.

Cheers
SH

 

[rrmhatre72]

As expected, the sell signal has whipsawed and shorts exited with loss.

Now holding longs (again small quantity). I will be back to normal quantity in case this buy signal also whipsaws.

Cheers
SH

Hi SH,

I could not square off short today. I will have to do it tomorrow.
Suppose tomorrow nifty is opening 50points lower than today's close then what should be my approch?
Do I still need to suare off position in morning? or wait with some SL?
If SL then what should be Ideal number?

--Rahul

 

[Tradewithhunter]

Hi SH,

I could not square off short today. I will have to do it tomorrow.
Suppose tomorrow nifty is opening 50points lower than today's close then what should be my approch?
Do I still need to suare off position in morning? or wait with some SL?
If SL then what should be Ideal number?

--Rahul

Please square off and open longs even if market opens down.

Alternatively, wait for the first 15 minutes candle to complete .. and hold shorts with SL of that candles highs.

Cheers
SH

 

[prabit]

F&O Crossover as on 25-Oct-2010

Entry date Scrip Action Reason Entry Price Stop Loss
25-Oct-2010 LT BUY 315 +Cross 2045.00 1993.88
25-Oct-2010 MINIFTY BUY 315 +Cross 6139.00 5985.53
25-Oct-2010 NIFTY BUY 315 +Cross 6138.80 5985.33

Cash Crossover as on 25-Oct-2010

Entry date Scrip Action Reason Entry Price Stop Loss
25-Oct-2010 SBIN BUY 315 +Cross 3237.85 3156.90

again nifty whipsawed

Hi Timkin,
How you determine the stoploss figure?

 

[rrmhatre72]

Please square off and open longs even if market opens down.

Alternatively, wait for the first 15 minutes candle to complete .. and hold shorts with SL of that candles highs.

Cheers
SH

Hi SH,

I went by SL logic.
My SL did not hit till 2.45pm. but one spike at 2.35 had hit my SL.
Then immeditely I have taken position to the long side in NF nov @6166.
After that market started coming down again.
Now it is 25points lower. Is it again giving crossover to short today?