SH's 315 Strategy - how to use if effectively

[angrish99]

Short on NIFTY

 

[rh6996]

Short on NIFTY

Not in my charts : RT charts converted to EOD!!
Values : 3 EMA 5365 15 EMA 5361

 

[aayush_123]

Not in my charts : RT charts converted to EOD!!
Values : 3 EMA 5365 15 EMA 5361

we can take a long entry here actually. wat say?

 

[taruj]

we can take a long entry here actually. wat say?

seems like an idea. talking about Ideas, any idea which futures should never be traded using 315?
i dont want to 'cherrypick' the scrips but would like to get ideas.

 

[rh6996]

we can take a long entry here actually. wat say?

It is more like "adding" position to longs as system is already long ! Though as per rules of this thread 'add' happened yesterday as NF retraced to 15EMA, at this point any fresh entry may have higher risk of getting whipped as EMAs are on the verge of crossing over. Long was signalled > ~5247 on 31st JJuly....Had this been the initial crossover this entry would have meant a small risk to reward but not now!
My observation is that its okay to "add" on retracement to 15EMA when we are in profit, but it also pays to exit below the low if on retracement the bar closes 'below' 15 EMA... accordingly had I been trading this system I would exit below 27th Aug low as the bar that day not only touched 15EMA but closed below it..so my Long would have exited yesterday ~5358 less filter and on "paper" I have seen this strategy to have paid off!!

 

[taruj]

looking at nifty it seems that we can now short Nifty. EOD Chart. Also the 5 Min chart generated a signal some time back.

 

[taruj]

using 315. (Paper Trades Only)

Reliance-1M Futures Lot size - 500
Entered at 730 30-july (one lot)
Added at 740 3-aug (one lot)
Exit at 813 16-Aug (both lots)

Avg cost price- 735

Can someone explain what would have happened on a day on day basis. i.e. for the MTM thing.

Details would be awesome! an excel sheet to do this or a guidance on this would be gravy!

rgds.

 

[rh6996]

using 315. (Paper Trades Only)

Reliance-1M Futures Lot size - 500
Entered at 730 30-july (one lot)
Added at 740 3-aug (one lot)
Exit at 813 16-Aug (both lots)

Avg cost price- 735

Can someone explain what would have happened on a day on day basis. i.e. for the MTM thing.

Details would be awesome! an excel sheet to do this or a guidance on this would be gravy!

rgds.

Please do some work yourself... post an excel sheet with closing price on each day from 30th July to 16th Aug and then request someone for what you need!! Contribute something in the "awesome' and "gravy" you are looking forward to!

 

[taruj]

Please do some work yourself... post an excel sheet with closing price on each day from 30th July to 16th Aug and then request someone for what you need!! Contribute something in the "awesome' and "gravy" you are looking forward to!

Thanks RH Sir,

See, if I wouldn't have got your comments I wouldn't have got to know that there is a close price and a settlement price.

please let me know if excel sheets can be uploaded. Please let me know if other details should be posted.

Date Close Settle Price
30-Jul-12 732.95 732.95 Enter Long at 730 500 365000
31-Jul-12 745.8 745.8
1-Aug-12 750.15 750.15
2-Aug-12 744.05 744.05
3-Aug-12 748.3 748.3 Add 740 500 370000
6-Aug-12 788.8 788.8
7-Aug-12 786.15 786.15
8-Aug-12 792.4 792.4
9-Aug-12 785.4 785.4
10-Aug-12 787.05 787.05
13-Aug-12 792.35 792.35
14-Aug-12 803.65 803.65
16-Aug-12 816.75 816.75 Exit 813 1000 813000



Hope the post looks okay!




Best regards,

 

[taruj]

Please do some work yourself... post an excel sheet with closing price on each day from 30th July to 16th Aug and then request someone for what you need!! Contribute something in the "awesome' and "gravy" you are looking forward to!

RH Sir, will you be able to help?

regards,