SH's 315 Strategy - how to use if effectively

[mysticalrun]

--------------------------------------------------------------------------------

Booked NF at 5170 since 3 EMA is at 5115 and not touching todays candle.

Thats 25 points profit booked. Will re-enter in longs at 5110-115 now.

Cheers
SH




SIR CAN U EXPLAIN HOW COME 3EMA DOWN FROM 5115 TO 5097 ......FROM 10:00 A.M. MORNING,,,,,, IM CONFUSE............

 

[Tradewithhunter]

sir ,,,,,,,,,,,,, plzzz tell where is current 3ema now bcoz i shorted at 5160...................so i"l cover at 3ema and will do long .............plz tell........


thxxxxxxx

3 EMA is at 5115 for NF .. so thats where I will go long.

Cheers
SH

 

[mysticalrun]

Sir thx for reply ,,,,,,,,,,sir one more thing its for nifty future or spot?

And i confuse why prakash had written 5097?

Thxxxxxxx

 

[prakashjack]

Sorry, I made a mistake. 5097 is SMA and not EMA

 

[Tradewithhunter]

Sir thx for reply ,,,,,,,,,,sir one more thing its for nifty future or spot?

And i confuse why prakash had written 5097?

Thxxxxxxx

NF means Nifty Futures.

 

[observer]

As the market moved up, obviously the ema changed and our target re-entry point was missed. SH how do you deal with such an event?

 

[Tradewithhunter]

As the market moved up, obviously the ema changed and our target re-entry point was missed. SH how do you deal with such an event?

I will go empty handed today and buy on any dips on Monday when i see 3 EMA touching Monday's candle.

Cheers
SH

 

[feelbullish]

Still riding profits on this strategy in TATA STEEL.!!!!!!

Longed TATA STEEL ON 16-12-2009 at closing price of around 558 levels as it was giving a close above 15 day EMA.
The crossover took on the next day and .....
Todays price is around 615......Still holding longs.....

 

[feelbullish]

Still riding profits on this strategy in TATA STEEL.!!!!!!

Longed TATA STEEL ON 16-12-2009 at closing price of around 558 levels as it was giving a close above 15 day EMA.
The crossover took on the next day and .....
Todays price is around 615......Still holding longs.....

 

[Tradewithhunter]

Still riding profits on this strategy in TATA STEEL.!!!!!!

Longed TATA STEEL ON 16-12-2009 at closing price of around 558 levels as it was giving a close above 15 day EMA.
The crossover took on the next day and .....
Todays price is around 615......Still holding longs.....

Smokin hot! :gunsmilie: