SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

I hope SH has taken short with double quantity.

Yes, 3 consecutive whipsaws and not I am short with double quantity. I will book 50% at 150-200 point profit and hold rest as per 315 rules.

4th whipsaw and we will be in rerest of the rare consolidation period.

Cheers
SH

 

[sanjeevbhatia]

Yes, 3 consecutive whipsaws and not I am short with double quantity. I will book 50% at 150-200 point profit and hold rest as per 315 rules.

4th whipsaw and we will be in rerest of the rare consolidation period.

Cheers
SH

Does this "Rarest of the rare" 4 whipsaws (if it happens) hold true for Stocks as well as Nifty or only Nifty? Does a normal number of whipsaws (2-3) hold for Stocks as well? Pls share your experience.

Sanjeev Bhatia

 

[kittty]

Yes, 3 consecutive whipsaws and not I am short with double quantity. I will book 50% at 150-200 point profit and hold rest as per 315 rules.

4th whipsaw and we will be in rerest of the rare consolidation period.

Cheers
SH

can u pls explain in detail ?

 

[msa5678]

I was also confused crossover on 17th. crossover happend near closing of market and the future price was high.seniors not confirmed reverse so i skipped, shorted on 18th 3.25, i'm not sure its correct as per the strategy

I have read the entire thread from the beginning till end, and my understanding from this is, the crossover has to be considered based on NIFTY SPOT values. Please correct me if I am wrong.

Also If you look at the actual trades done by SH, from 9th January 2009 to 10th November 2009, he is considering spot values there. SH had posted these results somewhere on the forum. If the readers need I can dig aound. However, I have the file with me in Excel format.

Logic also says that you should take NIFTY Spot values, because NIFTY Future values are difficult to take around expiry, and also for backtesting it is not convenient.

Finally, SH sir, and seniors , Please look into the matter and once and for all clarify the doubt , whether to take SPOT values or FUTURE values when looking for crossover.


Regards..:thumb:

 

[pundit]

can u pls explain in detail ?

What to explain by SH here?

 

[pundit]

I have read the entire thread from the beginning till end, and my understanding from this is, the crossover has to be considered based on NIFTY SPOT values. Please correct me if I am wrong.

Also If you look at the actual trades done by SH, from 9th January 2009 to 10th November 2009, he is considering spot values there. SH had posted these results somewhere on the forum. If the readers need I can dig aound. However, I have the file with me in Excel format.

Logic also says that you should take NIFTY Spot values, because NIFTY Future values are difficult to take around expiry, and also for backtesting it is not convenient.

Finally, SH sir, and seniors , Please look into the matter and once and for all clarify the doubt , whether to take SPOT values or FUTURE values when looking for crossover.


Regards..:thumb:

Its NF crossover which should be considered not Nifty Spot , it has been clarified by SH himself manytimes in previous posts.

 

[kittty]

Hi all,
Sorry i'am new to this method please clarfy my doubts,

1.We are now going over 3rd wipsaw.After 2nd whipsaw we enter with 100% qty.Now 3rd whipsaw happend, what should i do? hold existing long position?

2.where to look for a crossover? Nifty future Contracts or Nifty Spot Index ?

 

[looser]

Hi all,
Sorry i'am new to this method please clarfy my doubts,

1.We are now going over 3rd wipsaw.After 2nd whipsaw we enter with 100% qty.Now 3rd whipsaw happend, what should i do? hold existing long position?

2.where to look for a crossover? Nifty future Contracts or Nifty Spot Index ?

Dont worry go ahead this cross over is going to rock, we are on brink of having bearish 315 on monthly charts as well, on weekly charts 15 EMA has crossed 34 EMA to downward side :lol:

 

[linkon7]

I have read the entire thread from the beginning till end, and my understanding from this is, the crossover has to be considered based on NIFTY SPOT values. Please correct me if I am wrong.

Also If you look at the actual trades done by SH, from 9th January 2009 to 10th November 2009, he is considering spot values there. SH had posted these results somewhere on the forum. If the readers need I can dig aound. However, I have the file with me in Excel format.

Logic also says that you should take NIFTY Spot values, because NIFTY Future values are difficult to take around expiry, and also for backtesting it is not convenient.

Finally, SH sir, and seniors , Please look into the matter and once and for all clarify the doubt , whether to take SPOT values or FUTURE values when looking for crossover.


Regards..:thumb:

If you are trading EOD time frame, then you will have to deal with expiry every 20 bars. If one is following nifty futures, then the value for your 3ema and 15 ema will take a beating end of every series.

to me it seems logical to follow spot nifty. If one is following NF, then they have to under go a carry over at least 1 week before the series expiry.

 

[jayan12]

As we are dealing with Nifty futures, it is better to look at futures value (or graph) to confirm the crossover.