SH's 315 Strategy - how to use if effectively

[krist]

Hi friends,
thank you all who helped me in sharekhans TT setup for 315. Only one thing remains now is how I zoom for as many days as I want? By default when I select daily candlestick chart, it shows candles since september. How can I zoom and see only as many days candles as I want?

Thank you.

 

[jayan12]

i'm a very new to trading based on technical analysis and will be very much grateful if the way to generate ema3 and ema15 are explained.

http://www.google.com/finance?q=NSE:.NSEI

OPEN this page and click TECHNICALS at the bottom of the page... and you can choose ema of your choice.

 

[columbus]

Hi friends,
thank you all who helped me in sharekhans TT setup for 315. Only one thing remains now is how I zoom for as many days as I want? By default when I select daily candlestick chart, it shows candles since september. How can I zoom and see only as many days candles as I want?

Thank you.

In ZOOM you have zoomin,zoomout,zoombox and zoomreset.You use
ZOOMBOX.

 

[manoharpillai]

BOTH DLF AND YESBANK ARE SHORTING CANDIDATES. AWAY FROM 3EMA Sh'S 315, OUT OF BOLINGER WORM, RSI ABOVE 70 PERFECT TECHNICAL CHART FOR SHORTING. YET TRY AND HEDGE YOUR POSITION PROPERLY.

Hi SH,
I came across one situation for which I am not sure how to go about it.
I am attaching two instances of same situation which happened on 28th of March 2011.

1. DLF SPOT price didnot touch the 3 EMA
2. YESBAN SPOT price didnot touch 3 EMA

In both the above situation as per 315 we should have closed our positions at 3.25 PM on 28th.
But next day the price touches the 3 EMA but surprisingly without correction and shoots up.
So Shall we buy at 3:25 PM on 29th again
or we will wait for the price to come down and touch 15 EMA. Because in most of the cases
once the price didnot touch the 3 EMA either it correct a little or it comes down to touch 15 EMA.

Correct me if I am wrong.

 

[dp33770]

BOTH DLF AND YESBANK ARE SHORTING CANDIDATES. AWAY FROM 3EMA Sh'S 315, OUT OF BOLINGER WORM, RSI ABOVE 70 PERFECT TECHNICAL CHART FOR SHORTING. YET TRY AND HEDGE YOUR POSITION PROPERLY.

HI Manohar,
Thanks for reply.
But as I dont want to mix or confuse 315 with other technicals so jst wanted to know in the scenario mentioned by my what we supposed to do ?

As far as RSI above 70 is considered , I am not sure if you are considering only RSI for the system where you see a SHORTING oppertunity for DLF and YESBANK.

SH's input will be very helpful here.

Thanks,
Deep

 

[manoharpillai]

I think it is useful for a trader to Analise few technical combinations to ascertain the trend. Technical study do fail at times so to prevent lose one have to hedge their position from incurring loses. As for as the stocks we discussed those stocks are over bought and technical indicators are also confirming it. The correction may be mild one or deep one that only time and chart will tell. Trade safely.

 

[manoharpillai]

Trend may reverse between: Level for: yesbank 330-340 support at 285-290 Level For Dlf 275- 280 support at 245-250

 

[columbus]

Trend may reverse between: Level for: yesbank 330-340 support at 285-290 Level For Dlf 275- 280 support at 245-250

As far as technicals go, both YES & DLF are overbought.

 

[Tradewithhunter]

Booked 50% of my double quantity at 5670 (130 point profit) ..reason potential profit booking due to 3 EMA factor ...

Holding rest 50% as normal quanitity.

Reason I said we are in unknown territory is that none of the last 4 crossover gave even a 4% move in the direction of the crossover before whipsawing .. which is rare !

cheers
SH

After giving for whipsaws, nifty is springing like a coiled spring and has been running up without giving any meaningful retracement. We have run up more than 400 points now after the 315 buy was generated.

I have booked 100% longs now, one trend has recoevered all losses caused by the 4 whipsaws. I will re-enter at 15 EMA touch.

Cheers
SH

 

[trade4joisar]

After giving for whipsaws, nifty is springing like a coiled spring and has been running up without giving any meaningful retracement. We have run up more than 400 points now after the 315 buy was generated.

I have booked 100% longs now, one trend has recoevered all losses caused by the 4 whipsaws. I will re-enter at 15 EMA touch.

Cheers
SH

As per 315 rule, if candle left 3 ema for 2 times in a trend then we need to go for opposite direction.

28/03/2011
30/03/2011
01/04/2011

SH,
Your views please !!!