SH's 315 Strategy - how to use if effectively

[Mangafreakz]

@rkkarnani
http://www. tradewithhunter. com/knowledge-base
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[kkr555]

"Yesterday Exit candle given at 5062 and today entry again at 5025."

Is that 5025 a Typo or do you refer to SPOT Nifty ? Nifty Nov Futures traded between 5082 and 5035 on Nov 18.

Managafreakz - NF gave a buy as per 315 on 10/11/09 at around closing price of 4875. Yesterday Exit candle given at 5062 and today entry again at 5025.

Trading is going very well, the wins in the stock markets motivate me to right in forums like these. 315 is only one of my strategies that I use for swing trading. There are many other strategies that I use for trading.

By god's grace, people associated with me who trade with me are also enjoying profits with me everyday.

Cheers
SH

 

[Tradewithhunter]

@ KKR

This post was posted on 17th Nov by me and on that day Nifty futures low was 5006.

Cheers
SH

 

[gkpc]

As we have exited our long taken on 10th Nov. exited on bar leaving 3 EMA and reentered long at price back to EMA3, now do we ADD at 15 EMA (~4950 levels)????

 

[rkkarnani]

TH, I t was a typical scenario about which Shravan was talking!!! Do we ADD as price approacjes the 15 EMA!! If yes, at what level!!! If we add only on breach or touch of current 15 EMA then the matter is clear. Doubts arose becoz it was mentioned that we add when the price comes to 15 EMA or near it!!! Today it came within 10 points of 15EMA an went up!! Do reply per your convenience and oblige!!!

 

[Tradewithhunter]

Rkkarnani/Sharvan & others - I will stick to ADD only when 15 EMA is visually tested .. i.e on 4950 levels....

By the way I exited NF at 5000 (i posted my SL levels) so longs from 4874 levels closed at 5000. I will re-enter longs tomorrow at 15 EMA touch and use this 125 points profit as the cushion against any whipsaws.

Cheers
SH

 

[Tradewithhunter]

Nifty entered longs at 4950 and now at 5050 .. that was a nice move ! :lol:

Happy trading!

Cheers
SH

 

[rkkarnani]

Nifty entered longs at 4950 and now at 5050 .. that was a nice move ! :lol:

Happy trading!

Cheers
SH

:clapping::clap::lol:
Great going!!!

 

[Tradewithhunter]

It was important for Nifty to close above 4930 levels today.. had it closed below 4930 today I would have exited all my longs and emptied my demat account once again even if 315 was bullish ...

If Nifty closes above 5090 tomorrow bulls can relax for some more time and get ready for a new 2009 highs..

These are my levels based on many strategies that i follow and not based on 315 alone... though 315 lovers can see even 315 working nicely ...:thumb:

Happy trading

Cheers
SH

 

[rkkarnani]

It was important for Nifty to close above 4930 levels today.. had it closed below 4930 today I would have exited all my longs and emptied my demat account once again even if 315 was bullish

If Nifty closes above 5090 tomorrow bulls can relax for some more time and get ready for a new 2009 highs..

These are my levels based on many strategies that i follow and not based on 315 alone... though 315 lovers can see even 315 working nicely

Happy trading

Cheers
SH

Regret having paper traded this entire move!!!

:clap::clapping:

Awaiting to trade small qty. next time and fine tune my psyche to trade the strategy!!! Thanks a million TH!!!