SH's 315 Strategy - how to use if effectively

[kiranjakka]

Quick update on current 315 trade on Nifty

7th Jan - Short at 5905 (original short at 315 bearish crossover)
25th Jan - ADD Short at 5790 (15 EMA touch)
31st Jan - Book profit at 5475 (3 EMA not touching)
31st Jan - Short both lots again at 5535 (3 EMA touch .. though 3 EMA moved up .. please see previous post)

Nifty is now at 5387 ...

It means first lot in 518 points profit .. and second lot in 403 points profit (both notional as still not booked). So total 920 points profit.....

We have already booked 120 points already (60 points x 2 lots) due to 3 EMA rule.

315 rules !!!!! :thumb:

Cheers
SH

can you kindly post the chart with the trades it will be informative , thanks in advance

 

[jayan12]

SH, So What would be your SL at this point of time according to your strategy?

Here we reverse the position when 3 ema crosses 15 ema. The link for more imformation on STOP LOSS can be found on the first page of this thread. As per this strategy we are always in the trade.

 

[Tradewithhunter]

Quick update on current 315 trade on Nifty

7th Jan - Short at 5905 (original short at 315 bearish crossover)
25th Jan - ADD Short at 5790 (15 EMA touch)
31st Jan - Book profit at 5475 (3 EMA not touching)
31st Jan - Short both lots again at 5535 (3 EMA touch .. though 3 EMA moved up .. please see previous post)

Nifty is now at 5387 ...

It means first lot in 518 points profit .. and second lot in 403 points profit (both notional as still not booked). So total 920 points profit.....

We have already booked 120 points already (60 points x 2 lots) due to 3 EMA rule.

315 rules !!!!! :thumb:

Cheers
SH

Nifty closed at 5320 today ...below major support of 5350 which the entire trader fraternity has been watching.. will it be a fake breakdown and reversal point?? or just some bounce from here then a new leg of selling? we dont know .. we will just folow 315 :lol:

our positions have now moved to 1050 points profit (still not booked hence notional) :thumb:

You can actually buy some 5400 calls here for Feb series and continue to hold shorts (small insurance against any sharp upmove) ...

Cheers
SH:thumb:

 

[merchantp]

Nifty closed at 5320 today ...below major support of 5350 which the entire trader fraternity has been watching.. will it be a fake breakdown and reversal point?? or just some bounce from here then a new leg of selling? we dont know .. we will just folow 315 :lol:

our positions have now moved to 1050 points profit (still not booked hence notional) :thumb:

You can actually buy some 5400 calls here for Feb series and continue to hold shorts (small insurance against any sharp upmove) ...

Cheers
SH:thumb:

Indeed 315 rocks, SH.. shorted Uco Bank yesterday on closing based on 315... holding it till now.

 

[Tradewithhunter]

Just to add ... this is exactly why I advocate swing trading over intraday trading.

With a proper strategy and descipline .. you can earn much more with less trades... this trade itself has given us 1050 points + 60 points with just 3 lots traded in last one month :hap2:

Why to trade intraday and lose hairs, money and time??

Cheers
SH

 

[trade4joisar]

Just to add ... this is exactly why I advocate swing trading over intraday trading.

With a proper strategy and descipline .. you can earn much more with less trades... this trade itself has given us 1050 points + 60 points with just 3 lots traded in last one month :hap2:

Why to trade intraday and lose hairs, money and time??

Cheers
SH

You are 100% right :clap:.
I have already lost money & time , hair is still intact

In ichart candle left 3ema (still 5.30 hours remaining , this is 2nd time from 25th Jan (1st one was on 31st Jan).
As per 315 strategy, does it means now its time to reverse ?

 

[trade4joisar]

You are 100% right :clap:.
I have already lost money & time , hair is still intact

In ichart candle left 3ema (still 5.30 hours remaining , this is 2nd time from 25th Jan (1st one was on 31st Jan).
As per 315 strategy, does it means now its time to reverse ?

Already touched

 

[kiranjakka]

hindalco 315 abt to happen?

 

[Tradewithhunter]

Nifty closed at 5320 today ...below major support of 5350 which the entire trader fraternity has been watching.. will it be a fake breakdown and reversal point?? or just some bounce from here then a new leg of selling? we dont know .. we will just folow 315 :lol:

our positions have now moved to 1050 points profit (still not booked hence notional) :thumb:

You can actually buy some 5400 calls here for Feb series and continue to hold shorts (small insurance against any sharp upmove) ...

Cheers
SH:thumb:

Nifty at 5260 ... notional profit at 1320 points now ......

I have bought some 5300 calls to hedge against any upmove from hereon (basically locking in large profits by paying some insurance money).

Cheers
SH

 

[narengreddy]

I've come across this thread a few days back and today I took leave from office just to read this thread in full from page 1 to 224 and kept the NF chart in Amibroker open to study and after full day of work almost 10 Hrs. I could say only one thing

Hats off to your strategy buddy, :clap::clapping:

From the next swing onwards I will travel with you.