SH's 315 Strategy - how to use if effectively

[Kedarnath]

Hi 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 ?????????????????????? (??????????)

Ya but at the same time if it breaks the pattern mentioned above then fall will be worst...its like dam getting broken... but we can survive now coz options is there unlike in b4 1990-2003.

 

[trade4joisar]

2nd day candle left 3 ema

Next Month Future
3 EMA = 4889
CMP = 4817
High = 4872

 

[gambler]

Hi Joisar & others!

Covered short sell position at 4806 OCT series because Candle not touching 3EMA.

Will create again short position once nifty touches 3EMA. Hope I am correct as per strategy. Correct me if i am wrong.

Thanks in advance.

2nd day candle left 3 ema

Next Month Future
3 EMA = 4889
CMP = 4817
High = 4872

 

[krishere]

I believe Nifty will further fall and pull 3EMA down.... but then its just a belief which can go wrong.........

2nd day candle left 3 ema

Next Month Future
3 EMA = 4889
CMP = 4817
High = 4872

 

[gambler]

short created again at 4881.... previous lot was booked at 4806..

Cheers!

 

[sivanmkd]

Ya but at the same time if it breaks the pattern mentioned above then fall will be worst...its like dam getting broken... but we can survive now coz options is there unlike in b4 1990-2003.

in many months the defference is wrong (dec10 to jan 11 )

 

[Harp32Wil]

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iam also waiting eagerly for your guidence

 

[TraderRavi]

what is the reversal point for longs, now..15ema is at 4985 and 3ema is at 4890......?

 

[galrani]

what is the reversal point for longs, now..15ema is at 4985 and 3ema is at 4890......?

Hi Ravi

The reversal point is far away at 5140 for today....

At around 4895-4900 we will have a 3ema touch which should be our signal to add to our shorts...

Cheers

 

[gambler]

For today reversal point for Sep'11 series is 5142.40 and for Oct'11 series is 5136.90

what is the reversal point for longs, now..15ema is at 4985 and 3ema is at 4890......?