SH's 315 Strategy - how to use if effectively

[gmt900]

I use Icharts for real time data.

Cheers
SH

Dear SH,
ichart site says "This domain may be for sale". I am keen to follow 315 strategy but am not able to do so because I am not able to access RT nifty spot or futures data.
I have to use an option of taking position of taking position next day or use a paid site. Please let me know if I can use some other site.
Regards.
gmt

 

[a1b1trader]

Hi gmt

What web address you are logging into
Icharts website is working fine

It is www.icharts.in
BTW RT data from icharts is not for free.

There are a few websites that provide nifty spot RT chart, for free, (though all are delayed by few minutes). For Nifty future you can pull data from your trading terminal to amibroker or other charting softwares.

 

[VJAY]

Dear SH,
You applying profit booking @envelops ....or are you still following envelop?
Are you exit position when ema closing contineously for 2 days against our pos?which you made tweek long ago.....

Thanks

 

[trade4putuval]

Dear SH,
ichart site says "This domain may be for sale". I am keen to follow 315 strategy but am not able to do so because I am not able to access RT nifty spot or futures data.
I have to use an option of taking position of taking position next day or use a paid site. Please let me know if I can use some other site.
Regards.
gmt

Don't give us an attack :lol:. When I read this message, I rushed to open another browser and check if it is a fact. Luckily today is not April Fool, else you would have got the first prize. :thumb:

 

[gmt900]

Hi gmt

What web address you are logging into
Icharts website is working fine

It is www.icharts.in
BTW RT data from icharts is not for free.

There are a few websites that provide nifty spot RT chart, for free, (though all are delayed by few minutes). For Nifty future you can pull data from your trading terminal to amibroker or other charting softwares.

Thanks!
Got it. I was looking at the wrong address.

I am not techsavvy and am not able to use amibroker, although I tried using it.

I have been thinking that I will follow nifty spot charts and take position in nifty futures.

I don't mind paying for the software but am not sure I will be able to make use of them. Hence, looking for a free RT chart software.

 

[gmt900]

Don't give us an attack :lol:. When I read this message, I rushed to open another browser and check if it is a fact. Luckily today is not April Fool, else you would have got the first prize. :thumb:

SORRY !

I was a fool to look at the wrong site !

 

[jain.er]

Bhaiyaa aaj subah is paisaa bharaaa hai icharts waalo ko aur tum site for sale karwa rahe koi mazak hai kyaa....

 

[Tradewithhunter]

Dear SH,
You applying profit booking @envelops ....or are you still following envelop?
Are you exit position when ema closing contineously for 2 days against our pos?which you made tweek long ago.....

Thanks

Hi Vjay - yes I still look at envelopes however currently sticking to only 100/200/300/400 levels to book profits.

cheers
SH

 

[Tradewithhunter]

NF re-entry around 6375 today ...booked at 6410 yesterday so around 35 points profit.. in a way our entry price now becomes 6190 (6225 - 35 points).

Coming back to SH scaling out method

For example in this current trade we had 3 whipsaws so 4th trade was 8 lots at 6225. Had booked 2 lots at 6325 (100 points profit) on 5/12/2013 and carried 6 even though 3 EMA was not touching ..this is because 3 EMA was close.

Then yesterday gap up meant booked all 6 lots at 6410 based on 3 EMA rule...couldnt book at 6425 (200 points mark) as was late to login....

Now today entered longs again with only 4 lots as 200 points mark missed yesterday so I am content to book 2 lots with 185 points. So in a way have already booked Rs 10K profit at 100 point mark & Rs 18500 at 200 point mark.

Now remaining 4 lots, will book 2 lots at 6525 marks it it comes, and rest 2 lots at 6625 mark if it comes. Otherwise if market reverses and gives a sell, I will initiate sell with just 2 lots assuming the reversal point is above 6225 (i.e profitable trade).

Hope it makes sense...

Cheers
SH

Market seems to be reversing again due to Fed tapering fears, Higher inflations and fears of RBI raising rates.

NF closed at 6258 which means M2M profit is down to only 68 points on the 4 lots left.

If the market continues to fall and we get 315 sell in next two days, the scaling out at 100 points and 185 points levels each will make even this lossy trade profitable.

This year has been a story of small trending moves and quick reversals hence scaling out method has worked very well this year.

Cheers
SH

 

[anilnegi]

Hi Vjay - yes I still look at envelopes however currently sticking to only 100/200/300/400 levels to book profits.

cheers
SH

SH

Envelope exit look interesting, kindly elaborate

anil negi