SH's 315 Strategy - how to use if effectively

[rkkarnani]

Good Morning rkkarnani

If you dont mind.. can you please share that excel file with me as I am unable to find it after searching many pages.. I found some links which shows file already deleted.
(9kapilp at gmail.com)
Thanks
Kapil

Kapil, It should be there on my system... will look for it and mail it to you first thing nest year!!! 2012!! You will have to fill in the Closing price to get the EMA values!! Please bear with me.
Cheers.

 

[Tradewithhunter]

Current Leg Positions

1. Initiated Shorts with 1 Lot of NF at 4885 - MA Crossover
2. Booked Profits at 4620 - (EOD candle not touching 3 EMA) Total Profit in trade = 265 * 50 = 13250
3. Entered again at 4555 with 1 Lot of NF - Price again touching 3 EMA
4. Added another lot of NF at 4725 - Price touching 15 EMA and low of 3 EMA breached previous low. Average holding price is 4640 with 2 lots now.

Current P/L = 10500

Notes : I haven't deducted the brokerage and slippage charges.

I have also started to trade some high beta counters based on this strategy such as ICICI, Reliance etc. I would be posting the current P/L for each of these counters soon.

Hi Fanatic - my trades in this leg has been as follows.

shorts from 4887 booked at 4750 - 13th Dec (137 points profit)
Re-entered shorts at 4835 - 13th Dec
Booked shorts at 4585 - 19th Dec (50 [250 points profit)
Re-entered shorts at 4635 - 20th Dec
Booked at 4563 - 20th Dec .. bought 4500 put at 55 (72 points profit in NF)
Re-entered shorts at 4710 - 28th Dec... puts expired worthless (55 point loss in puts)

NF shorts rolled over to Jan series at the rate of 4735

So until now total profit booked is 137+250+72-55 = 404 points or Rs 20L per lot (I made 18K only becuase I bought option twice the amount hence lost an additional 55 points)

Nifty is trading at 4680 currently so Jan series shorts in 55 points profits right now which are M2M

Cheers
SH

 

[FanaticTrader]

Hi Fanatic - my trades in this leg has been as follows.

shorts from 4887 booked at 4750 - 13th Dec (137 points profit)
Re-entered shorts at 4835 - 13th Dec
Booked shorts at 4585 - 19th Dec (50 [250 points profit)
Re-entered shorts at 4635 - 20th Dec
Booked at 4563 - 20th Dec .. bought 4500 put at 55 (72 points profit in NF)
Re-entered shorts at 4710 - 28th Dec... puts expired worthless (55 point loss in puts)

NF shorts rolled over to Jan series at the rate of 4735

So until now total profit booked is 137+250+72-55 = 404 points or Rs 20L per lot (I made 18K only becuase I bought option twice the amount hence lost an additional 55 points)

Nifty is trading at 4680 currently so Jan series shorts in 55 points profits right now which are M2M

Cheers
SH

Wow :clap:

I was just tempted to follow this simple yet effective method and I am still on learning curve . I have been trading NF and few other counters based on rules laid out. Of course I was not able to leverage all the opportunities which system provided (was not sure about exit rules ) Hopefully I would be able to stick more religiously to it. Also I am planning to take a dig at Commodity (esp Gold and Silver) based on this method. Let's see if I am able to apply rules to the same and then play accordingly. :thumb:

 

[naragaur]

Dear SH,

firstly thank you for such a nice strategy. Few questions related to your current trades:-
1). "shorts from 4887 booked at 4750 - 13th Dec (137 points profit)" - what prompted you to exit as neither it was closing time when NF touch 4750 so we did not know closing 3EMA. Maybe you getting 100 points on NF was the reason or some other technical signal?

2)."Re-entered shorts at 4635 - 20th Dec
Booked at 4563 - 20th Dec" - again I mising something or maybe I have overlooked a thread. Why exit?

GN

 

[trader_boy]

pls guide ...in the excel sheet what do we put for yesterdays close ? dec future settled price right?

 

[Tradewithhunter]

Dear SH,

firstly thank you for such a nice strategy. Few questions related to your current trades:-
1). "shorts from 4887 booked at 4750 - 13th Dec (137 points profit)" - what prompted you to exit as neither it was closing time when NF touch 4750 so we did not know closing 3EMA. Maybe you getting 100 points on NF was the reason or some other technical signal?

2)."Re-entered shorts at 4635 - 20th Dec
Booked at 4563 - 20th Dec" - again I mising something or maybe I have overlooked a thread. Why exit?

GN

Please search my posts on 13th Dec and 20th Dec under this thread.. you will get your answers.

Cheers
SH

 

[Tradewithhunter]

Hi Fanatic - my trades in this leg has been as follows.

shorts from 4887 booked at 4750 - 13th Dec (137 points profit)
Re-entered shorts at 4835 - 13th Dec
Booked shorts at 4585 - 19th Dec (50 [250 points profit)
Re-entered shorts at 4635 - 20th Dec
Booked at 4563 - 20th Dec .. bought 4500 put at 55 (72 points profit in NF)
Re-entered shorts at 4710 - 28th Dec... puts expired worthless (55 point loss in puts)

NF shorts rolled over to Jan series at the rate of 4735

So until now total profit booked is 137+250+72-55 = 404 points or Rs 20L per lot (I made 18K only becuase I bought option twice the amount hence lost an additional 55 points)

Nifty is trading at 4680 currently so Jan series shorts in 55 points profits right now which are M2M

Cheers
SH

Nifty has crashed to 4622 ... thats 113 points profit again. I have booked my shorts in futures and bought 4600 put for 120.

This means I have locked in all profits now in this short. Puts will make money if it falls further.

Cheers
SH

 

[trade4joisar]

Nifty has crashed to 4622 ... thats 113 points profit again. I have booked my shorts in futures and bought 4600 put for 120.

This means I have locked in all profits now in this short. Puts will make money if it falls further.

Cheers
SH

This time because it falls too fast OR year end ?

As SMA17 envelope is still much down than what is there today

 

[Tradewithhunter]

This time because it falls too fast OR year end ?

As SMA17 envelope is still much down than what is there today

SMA 17 envelope on 15 mins TF (just telling it since you asked, nothing to do with 315 strategy).

Another reason is year end so wanna enjoy profits and party

Cheers
SH

 

[trade4joisar]

SMA 17 envelope on 15 mins TF (just telling it since you asked, nothing to do with 315 strategy).

Another reason is year end so wanna enjoy profits and party

Cheers
SH

Thanks for your repsonse.

Can you put 15 TF chart ?, i just want to check settings.