SH's 315 Strategy - how to use if effectively

[gambler]

shorted nifty future at 4932 october series.. 3 wipsaws completed in row..trend na jane kab aayega!

 

[TradeJoker]

success is for who follow the method. No need of any preditions looks like a big move before the expiry

 

[Tradewithhunter]

3 Whipsaws ..not surprised since all global indeces are rangbound for some time.

Short with double quantity now.

Cheers
SH

 

[gambler]

already shorted yesterday, i didnt created any position in first two wipsaws.. In 3rd wipsaw i created long at 5121.. Approximately 200 points loss.. Hope to recover that loss in short sell position that i created yesterday..

3 Whipsaws ..not surprised since all global indeces are rangbound for some time.

Short with double quantity now.

Cheers
SH

 

[jallanankit]

i dont know if i m going wrong or right..

But 3 ma and 15 ma on a 30 min chart is posting gr8 results..

Pls checkout for yourself..!!

See the last two trades, the first long and the second short..

Even with no profit booking and no re entries it is just awesome..!!

 

[abhi_neth]

i dont know if i m going wrong or right..

But 3 ma and 15 ma on a 30 min chart is posting gr8 results..

Pls checkout for yourself..!!

See the last two trades, the first long and the second short..

Even with no profit booking and no re entries it is just awesome..!!

It might give great results on a trending market, but also might give many whipsaws in volatile days. Have to check on it.

 

[gambler]

WEEKLY NIFTY CHART WITH 315 STRATEGY FROM MARCH'08 till 24th SEP'11:-

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[prst]

guys,

do u think nifty might surprise us, by a sharp upmove monday morning?
DOW seems to have recovered a bit yesterday.
Should I cover my short positions first thing on Monday morning ? (i will suffer losses if i do so )

regards
Prashanth

 

[galrani]

guys,

do u think nifty might surprise us, by a sharp upmove monday morning?
DOW seems to have recovered a bit yesterday.
Should I cover my short positions first thing on Monday morning ? (i will suffer losses if i do so )

regards
Prashanth

If you have shorted as per a strategy, would advise to stick to that strategy and do exactly as per the rules laid down.

So, if you have shorted as per 3-15, wait till EOD to see if bullishj Xover has happened and then cover short positions to go long (do remember to increase your long quantities as this would be a 4th whipsaw in a row)

I am already sort double qty and have added more puts yesterday late in the afternoon.

Regarding indian markets following Dow which have closed in green....Indian markets can close in gree, and can also very well go opposite....
Remember next week is the F&O expiry week and this will effect the proceedings much more than anything else in my opinion.

Cheers

 

[gambler]

Expiry Date,NIFTY Index Value,Change in NIFTY value compared to previous close,% change in NIFTY value compared to previous close
30-Sep-10,6029.95,38.65,0.65%
28-Oct-10,5987.7,-24.95,-0.41% CLOSED DOWN by last month
25-Nov-10,5799.75,-66,-1.13% CLOSED DOWN by last month
30-Dec-10,6101.85,41.5,0.68% CLOSED UP then last month
27-Jan-11,5604.3,-83.1,-1.46% CLOSED DOWN
24-Feb-11,5262.7,-174.65,-3.21% CLOSED DOWN
31-Mar-11,5833.75,46.1,0.80% CLOSED UP
28-Apr-11,5785.45,-48.45,-0.83% CLOSED DOWN
26-May-11,5412.35,63.4,1.19% CLOSED DOWN
30-Jun-11,5647.4,46.95,0.84% CLOSED UP
28-Jul-11,5487.75,-59.05,-1.06% CLOSED DOWN
25-Aug-11,4839.60,-49.30,-1.01% CLOSED DOWN
29-SEP-11 ?????????????????????? (??????????)