SH's 315 Strategy - how to use if effectively

[Baloon]

Hi SH,

Hope as per rule still you are in holding Shorts.

Waiting for your reply.

Regards,
Rajeev

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

FYI, SH had mentioned last week that he took profits on NF shorts and bought puts.

 

[trader_boy]

jan month shorts entered on
28dec @4730

29dec diff b/w open and 3ema was 20pts which was not compelling enough for us to cover

30dec diff was hardly a point so we did not cover

02jan open was 4637.8 and 3ema was 4649.64 ...so the diff was around 12 pts, so we did not cover.on this day the NF went to make a low of 4592.4..so covering @open would have allowed us to book 92pts of profit.

and 3jan i.e. today @open NF gapped up around 30pts ..so no chance of booking profits ....so still holding shorts

do you all think there is anyway to improvise the system that would in anyway allow us to book profits ...because on 2jan our position touched around 137pts profit ...and say if tomorrow NF opens above 4747(reversal pt for tomorrow)...so say even if it opens around the same levels as toays close we would then be covering our NF lot bought on 28jan(4730) @4775....around 45pts loss.

so i was just wondering..just a thought whether anything we could have done to take some profits from the 137pts that our position tasted instead of ending up in a loss of 45pts (or say even more in case of a gap up tomorrow).

 

[prst]

Strong bounce by NF but still holding shorts as 3 EMA is still under 15 EMA :thumb:

me too holding minifty puts.

 

[jhaveri_n]

I exited my short position based on 3 EMA's 2 consecutive days movement against our position, was not that the new rule added?

 

[trader_boy]

I exited my short position based on 3 EMA's 2 consecutive days movement against our position, was not that the new rule added?

the rule says that we exit if 3ema moves in opposite direction for *two* consecutive days.And today was the 1st day with opposite 3ema movement.

 

[Baloon]

Just FYI. Most of US, Europe, UK, HK indices has done a bullish cross.

There is a possibility that Nifty might get a bullish cross too.

I would wait for a bullish cross in Nifty to long. Or short only when the 3ma turns down if there is no cross.

Today there is a bullish cross on SGX Nifty which will confirm by EOD but 3ema not touching yet.

 

[bestnifty]

Bullish cross on spot . I donot have data for Future. Did it cross ?

 

[rkkarnani]

Bullish cross on spot . I donot have data for Future. Did it cross ?

Yes, it has crossed in fuuture, with CMP 4755... but all depends on the "Close"!!

 

[rkkarnani]

The crossover is negated at CMP 4744!! Will be helpful if someone has calculated the crossover Level to post the same here for benefit of all!!!

 

[trade4joisar]

The crossover is negated at CMP 4744!! Will be helpful if someone has calculated the crossover Level to post the same here for benefit of all!!!

Yes, it will be negated, but if close around this then as per new rule, we need to exit from shorts