SH's 315 Strategy - how to use if effectively

[HITULSHINGALA]

I want some software for indian share market. Pl provide me if you have

 

[rrmhatre72]

Huge sell generated today, 2nd consecutive whipsaw which, as i said earlier, was expected.

I am short now (normal quantity). If this sell signal also whips, my next buy will be double quantity.

Cheers
SH

Hi SH,

Is Buy Signal generated today?
Are you going with double qty in case buy signal is generated?

 

[Tradewithhunter]

Hi SH,

Is Buy Signal generated today?
Are you going with double qty in case buy signal is generated?

Yes - 3 consecutive whipsaws now .. so bought double quantity. This will be an eventful week and markets will be volatile .. both up and down .. hence hedging my longs with buying equal numbers of 6100 puts.

Cheers
SH

 

[kinguncle]

SH Sir,
I have gone through the excel sheet where u had compiled the trades from Jan 2009. must say thats a great effort on your part.:clapping:

All parts of the strategy are very very clear to me and seems like the same is true for most of the regulars here. The only point where the trades vary are wher you book profits.
In almost all the places where you had booked, the prices were not touching 3ema line. However if we see the converse, we didnt book profits on all days where prices didnt touch 3ema (on opening or till end of day).

My question is, how do you differentiate when to book and when not to book. The recent long trade (which ran a great distance before the current range), you hadnt booked your longs on the way.

Please give us the Guru Mantra about this aspect. Thanks a lot for your great help.

King Uncle

 

[hills_5000]

dude ...so ur delta neutral ...might as well stay out ... except hedge funds who have tonnes of money ... i still dont think that a retailer has the balls to be delta neutral...

regards...

Yes - 3 consecutive whipsaws now .. so bought double quantity. This will be an eventful week and markets will be volatile .. both up and down .. hence hedging my longs with buying equal numbers of 6100 puts.

Cheers
SH

 

[Tradewithhunter]

dude ...so ur delta neutral ...might as well stay out ... except hedge funds who have tonnes of money ... i still dont think that a retailer has the balls to be delta neutral...

regards...

Hi Hills - Yes i am delta neutral and my max risk is the amount of premium i have paid for the 6100 puts. I could have simply bought 6100 calls ( and still kept the same risk) however I dont like to carry naked options...

I dont think its only for hedge funds or market makers.. even retailers can try and do it.

Cheers
SH

 

[rahuld2976]

Hi Hills - Yes i am delta neutral and my max risk is the amount of premium i have paid for the 6100 puts. I could have simply bought 6100 calls ( and still kept the same risk) however I dont like to carry naked options...

I dont think its only for hedge funds or market makers.. even retailers can try and do it.

Cheers
SH

Thats it........:clapping:

 

[hills_5000]

Good if uve done that..but i don't think most retail are "DELTA NEUTRAL" ... buying puts to cover a downside for their longs....

example ... ur long on nifty with one lot ... and u buy one ATM put... and the Nifty moves down by 100 points.... are you delta neutral ...?

Hi Hills - Yes i am delta neutral and my max risk is the amount of premium i have paid for the 6100 puts. I could have simply bought 6100 calls ( and still kept the same risk) however I dont like to carry naked options...

I dont think its only for hedge funds or market makers.. even retailers can try and do it.

Cheers
SH

 

[prabit]

Good if uve done that..but i don't think most retail are "DELTA NEUTRAL" ... buying puts to cover a downside for their longs....

example ... ur long on nifty with one lot ... and u buy one ATM put... and the Nifty moves down by 100 points.... are you delta neutral ...?

Hi Hills, will you please "delta neutral".

 

[Tradewithhunter]

Yes - 3 consecutive whipsaws now .. so bought double quantity. This will be an eventful week and markets will be volatile .. both up and down .. hence hedging my longs with buying equal numbers of 6100 puts.

Cheers
SH

Booked half the quantity today at 6235 since 3 EMA not touching todays candle at 3 EMA ... difference between 3 EMA and CMP was more that 40 points. Remember my original position was double the quantity so I am still holding my normal trade size longs.

Will add back these 50% at around 6210 ...

Cheers
SH