SH's 315 Strategy - how to use if effectively
- Thread starter Tradewithhunter
- Start date
One can consider taking initial position in Options and then move on to futures to minimise "fear" and "losses"!!! I do not trade this system but another MA crossover system there I follow this, at times it really helps, helps mainly to remain in trade, though I always say Discipline is the key but at times forget it myself!!! 
would you please explain your point of taking initial position in Options and then moving on to futures? I am studying Options (seems too difficult) and such examples would not only help me understand Options better, but also give an insight into a new way of using options in an EMA crossover system. However, I feel that instead of posting it here, it would be better to start a new thread as the discussion around 315 wouldnt get deviated.
Please consider my request.
Regards
Krist.
Think I posted it in the past, anyways, my strategy has nothing to do with Options except that it has lower risk. When I get a Signal in 315 , I do not take a position in Futures but Buy ITM Calls or a Puts. When the high or low of the crossover bar is breached by a Filter I use, I am them ready to enter the Futures. Not always 'profitable' but lately did prove very good. The best part is that if on the next day price moves contra to my position the loss in Option values is lesser compared to Futures. (Yes, my profits are also a bit lesser) and also (this is my personal mind set) I do not hesitate in taking a postion in Options. I used to hesitate in the past when taking position in Futures and at times missed good enties, but not any more!! Its more of a persoanl thing rather than any thing to do with the strategy of SH!!
Think I posted it in the past, anyways, my strategy has nothing to do with Options except that it has lower risk. When I get a Signal in 315 , I do not take a position in Futures but Buy ITM Calls or a Puts. When the high or low of the crossover bar is breached by a Filter I use, I am them ready to enter the Futures. Not always 'profitable' but lately did prove very good. The best part is that if on the next day price moves contra to my position the loss in Option values is lesser compared to Futures. (Yes, my profits are also a bit lesser) and also (this is my personal mind set) I do not hesitate in taking a postion in Options. I used to hesitate in the past when taking position in Futures and at times missed good enties, but not any more!! Its more of a persoanl thing rather than any thing to do with the strategy of SH!!
My reply to people asking to start a New thread for 315 with options :
Dont think it is required... its not a strategy at all, its more of an individuals mind set!!
All i am doing is entering a position in Options when crossover happens, as I am "afraid" that the trend may not continue in 315 direction, so take the less risky route of entering an Option..
And to Piuvbn, asking me about the filter I use : Well this may confuse the issues , as on the day after crossover, I switch to hourly charts and based on the "time" of the breach of the High or Low of the trigger bar my filter is decided. If the level is breached by the opening bar(10 AM bar, now a days its 45 minutes bar) , i do not consider that as a breach and wait for the level set by the opening bar to be breached. Similarly if levels are not breached till 3 PM, then extra filter is used taking a position in futures. Normal filter is 11 and for 10 AM bar and after 3 PM bar it is 16 . This is for NF as this is the only Contract I trade with 315.
Dont think it is required... its not a strategy at all, its more of an individuals mind set!!
All i am doing is entering a position in Options when crossover happens, as I am "afraid" that the trend may not continue in 315 direction, so take the less risky route of entering an Option..
And to Piuvbn, asking me about the filter I use : Well this may confuse the issues , as on the day after crossover, I switch to hourly charts and based on the "time" of the breach of the High or Low of the trigger bar my filter is decided. If the level is breached by the opening bar(10 AM bar, now a days its 45 minutes bar) , i do not consider that as a breach and wait for the level set by the opening bar to be breached. Similarly if levels are not breached till 3 PM, then extra filter is used taking a position in futures. Normal filter is 11 and for 10 AM bar and after 3 PM bar it is 16 . This is for NF as this is the only Contract I trade with 315.
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