SH's 315 Strategy - how to use if effectively

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?
Yes - SBIN is a big buy right now with SL 100 EMA break.

Please note that by 100 EMA break i mean a closing below 100 EMA and not just an intraday dip below 100 EMA.

Happy trading.
SH
 
Hi SH,
I am thinking of subscribing to icharts for the eod charts.
But, I have a question about it.
Since I dont know which scrip is going to give a buy or sell signal , how do I decide which one to watch.
And I think the eod chart will be updated with every tick, so isn't it very easy to miss the buy or sell signal?

I have been reading this thread daily and have read about a hundred pages till now.
And just now I have realised that your strategy is mainly for futures trade.
Now I am quite a beginner at this and have never traded before.
And while reading this thread I noticed that you were recommending newbies to start trading with nifty or was it mini nifty(not sure)?
Could you clear this up for me.

By the way, what is the symbol for mini nifty?

And as for the charts , do you think that sites like investbulls or icharts show real time eod charts for nifty or mini nifty futures?

Anything else that I should know about?
If any other forum member knows the answer to these questions, then please respond.


Silentarrow
 
Last edited:

columbus

Well-Known Member
Hi SH,
I am thinking of subscribing to icharts for the eod charts.
But, I have a question about it.
Since I dont know which scrip is going to give a buy or sell signal , how do I decide which one to watch.
And I think the eod chart will be updated with every tick, so isn't it very easy to miss the buy or sell signal?

I have been reading this thread daily and have read about a hundred pages till now.
And just now I have realised that your strategy is mainly for futures trade.
Now I am quite a beginner at this and have never traded before.
And while reading this thread I noticed that you were recommending newbies to start trading with nifty or was it mini nifty(not sure)?
Could you clear this up for me.

By the way, what is the symbol for mini nifty?

And as for the charts , do you think that sites like investbulls or icharts show real time eod charts for nifty or mini nifty futures?

Anything else that I should know about?
If any other forum member knows the answer to these questions, then please respond.


Silentarrow
I do not track all scrips. You can earn enough if you track only a limited number of scrips. In any ways, you wont be able to have multiple positions being a newbie.

To start with, just monitor Mini Nifty ... you dont need to monitor many scrips unless your trading capital is 10 lakh or above. Start small, become big! If you are watching only mini nifty .. you wont miss any signal.

Yes Icharts premium shows real time EOD candle.

Cheers
SH
 
Okay, Thanks for replying.
I think I will also concentrate on just mini nifty or maybe nifty and maybe one or two others like icici bank or reliance.
And I will go ahead and subscribe to icharts.

just one more question.
Since I would be trading in futures, then I am supposed to watch the futures charts, right?
for example if I want to trade in nifty futures or maybe relieance futures, then I should watch the futures eod charts(real time) and not the stock charts, right?

And when I am supposed to go long, then I buy futures, and when I am supposed to go short then i sell futures, right?

Sorry, for these questions, but I am quite new to this and wanted to clear up my confusions, before I made a mistake and lost money. IT would be dumb to ask these questions after I lost money and therefore, i thought it better to ask first.

Thank you so much.

Regards,
Silentarrow
 

rrmhatre72

Well-Known Member
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
Hi tmkin,

No posting since 22nd Nov.
Is there no signal? or some other issue with software?
Your signal really helps in taking positions.
Now a days.... First day itself gives handsome return.. I got good results on LT, IFCI & IDBI...
Keep posting
 
Okay, Thanks for replying.
I think I will also concentrate on just mini nifty or maybe nifty and maybe one or two others like icici bank or reliance.
And I will go ahead and subscribe to icharts.

just one more question.
Since I would be trading in futures, then I am supposed to watch the futures charts, right?
for example if I want to trade in nifty futures or maybe relieance futures, then I should watch the futures eod charts(real time) and not the stock charts, right?

And when I am supposed to go long, then I buy futures, and when I am supposed to go short then i sell futures, right?

Sorry, for these questions, but I am quite new to this and wanted to clear up my confusions, before I made a mistake and lost money. IT would be dumb to ask these questions after I lost money and therefore, i thought it better to ask first.

Thank you so much.

Regards,
Silentarrow
Yes please watch and trade futures only.

Cheers
SH
 

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