SH's 315 Strategy - how to use if effectively

[galrani]

Hi Rkkarnani
Also, since the last Buy crossover signal was a failure, should we increase our positions in this signal (provided NF gives a sell signal at todays close)

Cheers
Shiva

Hi Tanewbie, Many are still very new here so I feel if we can mention like this :

NF : A "Close" below 5506.8 will be 315 sell cmp 5510,
(one has to wait till 3:27 to enter or reverse as per Strategy)!!

Thanks for your effort!!

 

[ba8910]

I believe NO... since this will be the is 1st whipsaw... we should not double our trade...

 

[rh6996]

NF below 5506.8 will be 315 sell cmp 5510

BNF below 10742.7 will be 315 sell cmp 10750

Hi TA Newbie, Better tell about a Close below!!!!! We do not "Sell" on breach of 5506.80 or whatever is the level!! We "wait" till end for a confirmation of SELL!!

 

[rh6996]

NF in intraday EOD chart shows a negative crossover ny Nifty!! We need to wait till "close" to take any action.

Would love to hear from rkkarnani, how he handles this situation!! He had talked about switching to lower Timeframe etc. etc.

 

[summasumma]

NF in intraday EOD chart shows a negative crossover ny Nifty!! We need to wait till "close" to take any action.

Would love to hear from rkkarnani, how he handles this situation!! He had talked about switching to lower Timeframe etc. etc.

Negative crossover already happened 3EMA and 15EMA in the 60MIN timeframe..

SH used to use this to exit little early...
But its better to wait till EOD as we dont know wat might happen @ tat time

 

[tanewbie]

NF 315 bearish crossover has haapened @5506 buy confirmation awaited .

Probably NF will close below 5500 there will be a rush to short @15.25

 

[ba8910]

My 1st trade following 315 strategy.
NIFTY short @ 5483

 

[summasumma]

long @ 5555
CMP 5522
MTM:33 pts Loss...
3EMA over 15EMA...

Previous Position:
----------------
long @ 5555
3EMA made bearish crossover with 15EMA...
Position Closed@5485 today
LOSS = 70 points
Since this was the entry taken after good downtrend, only 50% of position is taken... Which in my case is MINI-NIFTY. so Loss=70*20 = 1400.

Current Position:
----------------
short @ 5485
CMP: 5483
MTM: 2+
3EMA below 15EMA...


As per the following 315 rule, again only 50% of trade is taken( so mininifty in mycase again ):

After a good trending move is over (a move exceeding 5% and above excursion in favour of the 315 trade):

1. Take 50% of normal trade size on the next crossover .. there is a 'high' chance that this crossover will be a fake. A conservative trader can also decide to skip this crossover completely or take an small positions in options.

2. Take 50% of normal trade size in futures if the above crossover fails. This means that we are back in the bigger trend and hence the chances of a whip are relatively moderate.

3. Take normal trade size if the above crossover also fails. This means that markets have gone into some sort of range and a new trend is about to begin.

4. Take 200% of normal trade size as in rare scenarios, the 3rd crossover also might fail. This happened with us once recently. This means the markets have gone into a prolonged range and hence the start of a new trend is imminent.

 

[summasumma]

This PAGE is a interesting page in this "SH's 315 Strategy" Thread.

The current page number of this thread is also 315 now :clap: :clapping:

Great work by SH and lets keep going :thumb:

 

[sandeep.kala]

Cheers.......... :cheers: :cheers: :cheers:

:clap::clap: