SH's 315 Strategy - how to use if effectively

[rrmhatre72]

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

Hi SH

6210.... NS or NF?

 

[pundit]

Hi SH

6210.... NS or NF?

Definately NF.

 

[bhurasandip]

Hai SH.
I wanted to know that is there any free/low cost software that scans the stocks from BSE/NSE which gives buy/sell signal as per your 3/15 & 5/34 strategy.
I heard of ICHARTS but there we have to scan every scripts manually.
Plz. Help

 

[rrmhatre72]

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

Hi SH,

I think market has not given chance to re-enter on half of the position...
I hope you are holding only half of the position at this moment. Pls confirm.
Also advice what level we should look at to re-eneter for remaining half qty?
(I am posing this query as I feel now there will be new entry point as compare to 6210 posted earlier)

 

[Tradewithhunter]

Hi SH,

I think market has not given chance to re-enter on half of the position...
I hope you are holding only half of the position at this moment. Pls confirm.
Also advice what level we should look at to re-eneter for remaining half qty?
(I am posing this query as I feel now there will be new entry point as compare to 6210 posted earlier)

Hi - Yes markets rallied upto Diwali not ggiving any retracement to 6210.

3 EMA has been touched today at days low of 6291. As per the rules, the half quantity should be added back here.

However, given the markets are still struggling near all time highs.. I have decided not to buy those booked earlier, only holding my 50% longs now (which is my normal trade size anyways). I am still vary of my below post where the mkts are slated to correct to 100 EMA before mid January.

http://www.traderji.com/technical-a...ection-prediction-strategy-23.html#post481252

Cheers
SH

 

[Capricorn]

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 ...?

The money comes with the adjustments made as the trade progresses, not just by having a static delta hedged position to begin with. Cheers.

 

[alroyraj]

So I guess 100 EMA is at 6210...

 

[alroyraj]

The money comes with the adjustments made as the trade progresses, not just by having a static delta hedged position to begin with. Cheers.

Very true. Its like having the presence of mind and being fully prepared. So implementation of the rules shows how our trades fares with that of the guy who invented it...

 

[rrmhatre72]

So I guess 100 EMA is at 6210...

100EMA is at 5741 for NS.

 

[bhurasandip]

Hai SH,
plz. Reply to my querry in the post no. 1733
thanks