SH's 315 Strategy - how to use if effectively

[tmnkin]

F&O Crossover as on 22-Nov-2010

Entry date Scrip Action Reason Entry Price Stop Loss
22-Nov-2010 BHARTIARTL BUY 315 +Cross 335.90 327.50
22-Nov-2010 STER SELL 534 -Cross 175.70 180.09

 

[tmnkin]

EOD real time charts for NF are available as paid on certain websites like icharts. It is also available of Trade Tiger of Sharekhan.

TMNKIN also posts real time crossovers just before days close here on the thread.

One can wait for an opening next day and take a position at 9.15 AM next day if they dont have access to real time EOD charts.

Cheers
SH

sure i will do my best to post @ 3.25 PM, meanwhile

1 )i noticed on most occasions 534 -ve crossover mostly marks the end of down trend but 534 +ve cross yield good returns.

2) Enter trade as early in crossover day is bit risky, but i will prefer entering next day, but i trending market entering early gives us some advantage, but in ranging market it creates lots of whipsaws

 

[rangarajan]

5 ema and 34 ema on daily chart , part of SH strategy.

Pundit,
Pl tell what is SAR stands for? Is it reversible s/l

 

[nac]

Pundit,
Pl tell what is SAR stands for? Is it reversible s/l

Yes, its Stop And Reversal

 

[pundit]

Pundit,
Pl tell what is SAR stands for? Is it reversible s/l

its Stop and reverse.

Trade is reversed if stop gets hit.

 

[Tradewithhunter]

Booked 50% shorts at 5870 levels ..... holding rest for Monday. This is cool 225 points profit per lot till now.

Cheers
SH :thumb:

100 EMA touched today .. this can mark the end of correction.

I have booked all my shorts at 5845 today. Fresh shorts only at 15 EMA retest now. Another 250 points profit in shorts. :thumb:

Cheers
SH

 

[Prashant Patel]

100 EMA touched today .. this can mark the end of correction.

I have booked all my shorts at 5845 today. Fresh shorts only at 15 EMA retest now. Another 250 points profit in shorts. :thumb:

Cheers
SH

Can we go long from hereon NIFTY?

 

[Tradewithhunter]

Can we go long from hereon NIFTY?

Yes - I am long now ... but didnt mention it here since it is not based on 315 strategy. I will exit longs on 100 EMA break or 15 EMA retest.

Will open fresh shorts either below 100 EMA or whenever 15 EMA is retested.

Cheers
SH

 

[hello_betu]

100 EMA touched today .. this can mark the end of correction.

I have booked all my shorts at 5845 today. Fresh shorts only at 15 EMA retest now. Another 250 points profit in shorts. :thumb:

Cheers
SH

On daily charts, SBIN broke 100 EMA, fell below it but then price settled to close above 100EMA.
So, may we have similar opinion on SBIN, like you mentioned above for Nifty?

 

[absolute.zero]

100 EMA touched today .. this can mark the end of correction.

I have booked all my shorts at 5845 today. Fresh shorts only at 15 EMA retest now. Another 250 points profit in shorts. :thumb:

Cheers
SH

Accordingly, may we assume that 100 EMA acts as a strong support?
I am wondering whether we may apply any such EMA on intraday chart (1min, 5min, 10min, 30min etc) to catch reversals ?
Any views??