SH's 315 Strategy - how to use if effectively

This week, we saw a rally by BULLS and an equally strong PULL by BEARS.
After 2 relatively long rallies, there was first of what we can call as "Whipsaw".
3 EMA below 15 EMA.
Time to SHORT NIFTY.
 
What are these MP??? :confused:
as of closing at 3.25 pm on 8/12 my excel sheet has produced these results because Nifty future closed below 4920 on 9/12 you can see the result of ..
2/12/2011 5093.00 4993.82 4937.61 BUY 4862.67
5/12/2011 5065.00 5029.41 4953.54 BUY 4852.37
7/12/2011 5085.00 5057.21 4969.97 BUY 4853.66
8/12/2011 4948.00 5002.60 4967.22 BUY 4920.05
9/12/2011 4882.00 4942.30 4956.57 SELL 4975.60
 
as of closing at 3.25 pm on 8/12 my excel sheet has produced these results because Nifty future closed below 4920 on 9/12 you can see the result of ..
2/12/2011 5093.00 4993.82 4937.61 BUY 4862.67
5/12/2011 5065.00 5029.41 4953.54 BUY 4852.37
7/12/2011 5085.00 5057.21 4969.97 BUY 4853.66
8/12/2011 4948.00 5002.60 4967.22 BUY 4920.05
9/12/2011 4882.00 4942.30 4956.57 SELL 4975.60
MP,

These seems to me at Nifty Spot values as these are not the Nifty Fut. values.
I hope you are not using these for Trading Futures, or are you?

AC
 
4,882.25
-74.35 -1.50% Prev. Close
4,956.60
Open
4,879.00
High
4,942.65
Low
4,850.10
Close
4885.9
Above are the data (Nifty Future )from NSE web site on close ... at 3.25 pm today ie.9/12/2011 the nifty future traded at 4882 and that was my entry in my excel sheet as i always do every day It is for sure Future levels ... today Nifty spot closed at 4866
 
4,882.25
-74.35 -1.50% Prev. Close
4,956.60
Open
4,879.00
High
4,942.65
Low
4,850.10
Close
4885.9
Above are the data (Nifty Future )from NSE web site on close ... at 3.25 pm today ie.9/12/2011 the nifty future traded at 4882 and that was my entry in my excel sheet as i always do every day It is for sure Future levels ... today Nifty spot closed at 4866
OK, got it. You record the Nifty Value at 3.25PM and other 2 values are 3EMA and 15 EMA.
The Final Nifty close value is usually a bit different from the closing price.
Should that not be used for the strategy for next day?
 

prst

Well-Known Member
OK, got it. You record the Nifty Value at 3.25PM and other 2 values are 3EMA and 15 EMA.
The Final Nifty close value is usually a bit different from the closing price.
Should that not be used for the strategy for next day?
it depends on whether ur an agressive trader or a cautious positional trader..
 

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