SH's 315 Strategy - how to use if effectively

[gb333]

IFCI might be in range bound tomorrow.. or if you want you can wait till tomorrow afternoon.. But you KNow Call value will depreciate ..

I have short IFCI as per 315 strategy as the price touch 15 EMA and 3 ema is below 15 Ema and 100 ema

 

[gb333]

I am new to apply this strategy in MINIFTY. So Kindly clear my doubts from the below chart.

 

[Tradewithhunter]

Booked longs at 5925 (15 EMA touch) and now short.

Cheers
SH

Shorts continue based on 315 ..... moved into small profit today.

Cheers
SH

 

[Tradewithhunter]

I have short IFCI as per 315 strategy as the price touch 15 EMA and 3 ema is below 15 Ema and 100 ema

Yes - IFCI was a short based on 315 since its below 100 EMA as well as 15 EMA.

Nifty all holding shorts.

Cheers
SH

 

[VJAY]

Dear SH,
We are going to book profit @100ema touch and inetiate long there....if eod price close below 100ema then we exit long and go short...am i right?if so are we look anything else uptoEOD?means after long price falling&falling etc...

 

[Tradewithhunter]

Dear SH,
We are going to book profit @100ema touch and inetiate long there....if eod price close below 100ema then we exit long and go short...am i right?if so are we look anything else uptoEOD?means after long price falling&falling etc...

HI Vjay - Good question.

If nifty falls now to 100 EMA this time (which is just 40-50 points away anways) I will not exit shorts and open longs this time.

Reason being that this will be the third time Nifty will test 100 EMA after bulls failed to take markets higher the previous two times. This means possibilities of breaking 100 EMA on downside are much more this time.

This time I am ignoreing 100 EMA and will just trade based on 315 signals.

Cheers
SH

 

[gb333]

SHOULD I GO LONG NOW??

IFCI

 

[vinst]

SHOULD I GO LONG NOW??

IFCI

going long based on what? everything from 315 method is bearish.

 

[columbus]

Since mid-June to mid-Oct ,almost markets moved in ONE direction ,ie, UP.
We had not many cross-overs.But afterwards we had 5 or 6 crossovers.

 

[Tradewithhunter]

Since mid-June to mid-Oct ,almost markets moved in ONE direction ,ie, UP.
We had not many cross-overs.But afterwards we had 5 or 6 crossovers.

Dear Columbus,

Thanks true and it reflects the various cycles markets go through beautifully. We will have a phase when the markets are trending and 315 signals would give 500-1000 points in one go without giving any opposite crossovers...and then after that markets go into a wide range making 315 crossovers more often.

The good news is, after this limbo state of the markets is over...we will again get a nice trending move (hopefully) for 500-1000 points.

Can that trending signal be this one or next or next to next? It's anyone's guess !!

Cheers
SH