SH's 315 Strategy - how to use if effectively

[trader_boy]

Actually this crossover is q:thumb:uite similar to the Sep 21 crossover. So, unless we have a :thumb:serious gap up day tomorrow, there will be buying opportunities later, IMO.

Yea! Just hoping for a big trend now :thumb:

 

[narengreddy]

Canara bank futures given 8th whipsaw on 315 in just a little more than month's time and today buy signal is coming just check out

 

[sibumajumdar]

Today we might get a buy on 315 (4th whipsaw). This is the second time in the last 10 years ....also second time in last 6 months.

Markets are oversold on weekly charts (only second time in last 10 years, first time was in 2008 bottom) and seems markets are consolidating which are creating these whipsaws.

Any breakout or breakdown from these levels can be ferocious hence traders require conviction and descipline to stick to 315.

Cheers
SH

Dear SHji,

I dedicate my 1st trade that too with gain of 1100.00+ for 1 lot of MNF - oct to your Health & Happiness. I read ur thread 5 times & watched regularly for last 4 months. Felt confident & longed at y'day close at 4980. AND HERE THE RESULT. My exit was now at 5040. Though i have no access to any SW but watched Spot Nifty EOD & plunged. Full credit to U & YOU only.

God Bless U & ALL....Happy trading....SLMuncle

 

[sibumajumdar]

Dear SHji,

I dedicate my 1st trade that too with gain of 1100.00+ for 1 lot of MNF - oct to your Health & Happiness. I read ur thread 5 times & watched regularly for last 4 months. Felt confident & longed at y'day close at 4980. AND HERE THE RESULT. My exit was now at 5040. Though i have no access to any SW but watched Spot Nifty EOD & plunged. Full credit to U & YOU only.

God Bless U & ALL....Happy trading....SLMuncle

Mr SH,

Iam aware that we are to exit only retouch of 3ema from top or price away from 3ema. But as i trade with only 20K, i did some day trading & again entered long at 5018 as per ur strategy & carrying for tomorrow.
Thanks for ur wonderful strategy...........SLMuncle

 

[TradeJoker]

@sibumajumdar

Sir, is it 1100 point or 110 point ??

 

[Tradewithhunter]

Today we might get a buy on 315 (4th whipsaw). This is the second time in the last 10 years ....also second time in last 6 months.

Markets are oversold on weekly charts (only second time in last 10 years, first time was in 2008 bottom) and seems markets are consolidating which are creating these whipsaws.

Any breakout or breakdown from these levels can be ferocious hence traders require conviction and descipline to stick to 315.

Cheers
SH

Yesterdays longs should be in good 132 points profit now ... before day end 3 EMA got touched so longs are being carried.

If someone booked longs in the morning when 3 EMA was not touched..they should have got an entry again around 5070

Cheers
SH

 

[Tradewithhunter]

Canara bank futures given 8th whipsaw on 315 in just a little more than month's time and today buy signal is coming just check out

Dear Reddy - 315 doesnt work well on all stocks specially the one's which are not volatile.

I have not seen Canara bank charts but if you are saying 8th Whipsaw in a month then Canara bank must be in extreme congestion period and is not tradeable.

cheers
SH

 

[ayush2020]

Yesterdays longs should be in good 132 points profit now ... before day end 3 EMA got touched so longs are being carried.

If someone booked longs in the morning when 3 EMA was not touched..they should have got an entry again around 5070

Cheers
SH

yes ....... thanx

 

[trader_boy]

today when the mkt opened candle wasnt touching the 3ema...but eventually the nifty went bullish and pulled up the 3ema with it to touch todays eod candle and hence long position is to be maintained going strong with profit 128 since todays close was 5113.Reversal point for tomorrow is 4859.CHEERS!

 

[Visualize]

Watch for 34 ema, soon nifty will slide big on either of its side.