SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

Thanks
So it is not EOD decision, the ADD is at around the price touching the 15ema.

Yes ADD is not based on EOD but the price levels...

 

[Tradewithhunter]

NF now at 5008 , todays candle not touching 3 EMA hence i have booked my shorts at 5008 for the time being (profit 32 points). Will re-enter shorts at 3 EMA touch at around 5040 again .... or will short lower as the case may be.

Cheers
SH

And entered back into shorts now at 5040.. though 3 EMA is still not touching the candle ...

32 points earned out of nowhere ! :cheers:

SH

 

[sureshciyer]

Thanks SH for elaborating. I think I have a fair idea of this system now. I also think I have asked enough questions will now step into testing phase. I plan to start with paper trade and jot down my observations about a set of selected stocks and share with you all to ensure I have got the hang of this system.

6L capital was a surprise for me. As you suggested, I think I should start with nifty before I get into this high capital trading. I thought I should just invest some 3k or 5k and taste real trading...now considering kind of capital involved, I have changed my mind and will first do paper trading before testing the waters. Thanks once again SH for your timely and patient response to my questions. Thank you one and all.

 

[[email protected]]

sir,
i m a regular visitor of your thread.
I have a query..how do you locate these intraday charts....candle not touching 3 ema and 3 ema touch around 5040...any website....

Thanx..

regards,

jk

You go to the rediff.com website, and select" money" you will find intraday charts, and all details about the stock name, daily basis, weekly basis, 6 month and one year. Pl.check up, whether itiwill be useful to u.

R.Kumaraswamy

 

[jkm10]

Dear sh,

what would be the strategy today.if closing above 5070,whether closing of shorts and openigs of longs is recommended....????
What would be your strategy...????

Thanx..
regards,

jk

 

[Tradewithhunter]

Dear sh,

what would be the strategy today.if closing above 5070,whether closing of shorts and openigs of longs is recommended....????
What would be your strategy...????

Thanx..
regards,

jk

Holding NF shorts opened at 5040. As per 315, no exit until bullish crossover is confirmed.

Cheers
SH

 

[Tradewithhunter]

Holding NF shorts opened at 5040. As per 315, no exit until bullish crossover is confirmed.

Cheers
SH

NF closed around 4985 today .. good day for my shorts in NF and other shorts.

Still holding for more....

A few pointers to scare the weak bulls:

- 315 is bearish on EOD currently
- MACD gave a sell signal on daily charts a few days back.
- Above coupled with the fact that MACD on weekly charts are in sell mode for a long time now - deadly combo!
- Negative diveregences on Weekly timeframes and on daily too clearly visible.

A few pointers to bring back smiles to strong bulls/investors:

- Long term chart setup is still bullish meaning a new highs can still come in coming months.
- 315 on weekly is still bullish so long term investors - no need to panic



Cheers
SH

 

[jkm10]

NF closed around 4985 today .. good day for my shorts in NF and other shorts.

Still holding for more....

A few pointers to scare the weak bulls:

- 315 is bearish on EOD currently
- MACD gave a sell signal on daily charts a few days back.
- Above coupled with the fact that MACD on weekly charts are in sell mode for a long time now - deadly combo!
- Negative diveregences on Weekly timeframes and on daily too clearly visible.

A few pointers to bring back smiles to strong bulls/investors:

- Long term chart setup is still bullish meaning a new highs can still come in coming months.
- 315 on weekly is still bullish so long term investors - no need to panic



Cheers
SH

DEAR SH...

THATS GREAT...YOUR SELL CALL AT 5040...:clapping:
I M SHORT AT 5035...EARNING GOOD PROFIT AS OF DATE.
THANX TO YOU AND YOUR GREAT 315 STRATEGY..
I HAVE STUDIED YOUR THEORY IN DETAIL AND HAD DONE PAPER TRADES AND HAVE FOUND CORRECT....THIS WAS MY 1ST ACTUAL TRADE AS PER UR THEORY AND WAS SUCCESSFUL.

NOW ONLY PROBLEM I FACE IS EXIT WHEN CANDLE IS NOT TOUCHING 3EMA.
RIGHT NOW I HAVE NOT SUBSCRIBED TO NIFTY PREMIUM SERVICES.
SIR ANY OTHER MANUAL/OTHER METHOD TO LOCATE EXIT SITUATION WHEN CANDLE IS NOT TOUCHING 3 EMA.IT WOULD BE GREAT IF U CAN GIVE ANY SOLUTION.

ANOTHER POINT I NOTICED IS YOUR SELL CALL AT 5040.IT WAS THE 1ST DAY CANDLE APPEARING BELOW 15 DAY EMA.

AS SUCH,YESTERDAY,IF CLOSING WAS ABOVE 5070,(ALTHOUGH ITS NOT ABOVE),UR OPINION WAS NOT TO CLOSE SHORTS AND GO LONG I.E ON OPENING OF 1ST CANDLE ABOVE 15 DAY EMA.

JUST TRYING TO UNDERSTAND THE ENTRY POINTS.DONT TAKE IT EITHER WAY
ENTRY SHOULD BE ON CROSSOVER OF 15 DAY EMA,OR ON OPENING OF 2ND CANDLE AFTER CROSSOVER.

THANX.
AND CHEERS FOR THE SHORT CALL:thumb:

REGARDS,

JK

 

[karthik_sri]

Dear SH,
I have started doing my paper trades from 11.12.09. I have attached my excel template which i use to track my position daily. Thanks a lot for giving such a simple strategy on entry, exit & sl for positional trading. Your 315 is the best method to identify the trend and to ride with the trend. Though the capital deployment is more i have invested around 15lacs (in paper trade only) and the results were awesome:thumb: I started watching the market everyday to realign my portfolio according to the 315 rule. I will continue to do so till 31.12.09 to gain confidence on what i am doing. I planned to do real trade from 01.01.2010 with Minifty/Nify and later on increase my capital level gradually to trade other stock futures.

Please do have a look on the template when u r free and give me your feedback!!!

Again thanks a lot for sharing such a wonderful setup. Though we have gained knowledge but we have not yet mastered with this strategy and look for your support as usual.

Cheers,
Karthik

 

[rkkarnani]

NF closed around 4985 today .. good day for my shorts in NF and other shorts.

Still holding for more....

A few pointers to scare the weak bulls:

- 315 is bearish on EOD currently
- MACD gave a sell signal on daily charts a few days back.
- Above coupled with the fact that MACD on weekly charts are in sell mode for a long time now - deadly combo!
- Negative diveregences on Weekly timeframes and on daily too clearly visible.

A few pointers to bring back smiles to strong bulls/investors:

- Long term chart setup is still bullish meaning a new highs can still come in coming months.
- 315 on weekly is still bullish so long term investors - no need to panic


Cheers
SH

SH,Though the 315 set up in Weekly chart is still Bullish but just saw that the previous weeks Bar had the smallest range since mid October and the low of the same has been decisivly broken by the week ending today and on closing basis too!!! Seems bulls still have a lot of pain still left to be endured!!