SH's 315 Strategy - how to use if effectively

[rajesh pawar]

Anatomy of my Bank Nifty trade..

I shorted yesterday at 8957. Today morning instead of booking profits at ~8830 at the open I kept stoploss at 5 min bar high 8860. Finally booked profit at 8722.

My observation is if we give some room for the trade to play and if it trends in our favour we can gather some more points. Today with all negative news flow it was certain to trend lower. If it doesn't and the stoploss is hit still it's OK to give back something to gain more.

315 is the best and I have full trust on the system. Thanks to SH. This attempt is to make it more better...

 

[rkkarnani]

Is apollo tyre is an ADD candidate.....
Is Bharti Airtel is an ADD candidate.....

Yes as per 315 rules it indeed is... read on:
Appolo tyres went long ~56 levels and on 9th November price opened away from 3EMA~61.5.. did you exit and reenter at around 59.50 levels?
if you have done this you are in decent profit and your holding cost now around ~54.
Add on 15EMA touch came yesterday ~58.85

 

[blackberry]

Yes as per 315 rules it indeed is... read on:
Appolo tyres went long ~56 levels and on 9th November price opened away from 3EMA~61.5.. did you exit and reenter at around 59.50 levels?
if you have done this you are in decent profit and your holding cost now around ~54.
Add on 15EMA touch came yesterday ~58.85

If some one wants to buy first time, can he buy at ADD position ?

 

[rkkarnani]

If some one wants to buy first time, can he buy at ADD position ?

One can buy at an time but entering here for the first time makes you more prone to loss as the price can continue to decline after touching 15EMA and would not be as per Rules of the 315 strategy!! SH had specifically mentioned that ADD is only when we are certain percenatge of profit in the trade!!

 

[rkkarnani]

Covered my 100 of the 200 Nifty shorted again at 5069 at 4919... giving me a total profit of ~250 points in this run in the 100 NF covered!!! Agree 315 rocks!! Thanks the upteenth time SH

Had given a trade to cover balance at 100 at 4819, but turned from 4845, so exited at 4861!!
No position as of now!!

Was itching to short again at 4900 but stayed out as my Net stopped working and wasnt comfy without seeing the charts!! :annoyed:

 

[achopraa]

What are you all thinking?

 

[jhonny.s]

looks like very successful strategy...

did anybody trading this strategy by using excel sheet provided in this thread or every body is using charts to trade this strategy....

I am pretty new to TA and charts and still in learning phase, by looking at excel sheet i was excited to try this strategy...

Thanks.

can some one please comment on this....i am a noob in TA and learning TA.

Thanks.

 

[rkkarnani]

Nifty closing at almost highest level of the day!!!

 

[sadax]

Any updates on today's position ?

 

[Piuvbn]

I have been trying to find a solution to this problem for some time!! Have some vague thing in mind and shall try to share the same as and when I get some extra free time!! Thanks for bringing this up!!

I have an idea,it may rid one from eye strain but engage the ear,i.e.for various anticipated/expected levels of price/3ema values afl can be developed to give particular type of warning sound once the level is hit. Thus alarting the trader to take required action. Partha Roy