SH's 315 Strategy - how to use if effectively

[piscine]

@Tradewithhunter Sir,

It was my first day today, and I've lost near about 2500 Rs on Axisbank intraday trading..
I was following the VSA Pattern along with RSI indicator..

as you are popular and well expert member here, Sir, please do Suggest me something, anything, I can use while trading on the intraday.... I'm very much down today..

 

[Punter786]

Hi!

How to apply the second ema(15) on the average NEST based chart? Second one is not getting accepted. Shows some error. Kindly guide.

Thanks

 

[Tradewithhunter]

315 sell being generated today so exited at 6177 (loss of 13 points on last 4 lots) so on these 4 lots loss of Rs 2600

Had booked Rs 10,000 & Rs 18500 due to scaling out earlier so on net basis on this entire trade a profit of Rs 25900. Given the trade was on 8 lots, this comes out to be a profit of 65 points per lot approx. As you would see, scaling out method converted a loss making trade to a profitable trade yet again.

Based on simple crossover method though, this is a lossy trade of 48 points (6225-6177)... given its a 4th whipsaw on simple crossover basis, I have shorted 8 lots again at 6177.

Co-incidentally, NF today not touching 3 EMA on consecutive 2 days so to hedge any upmove due to 3 EMA tomorrow based on my market correction prediction theory, I have hedged by buying some calls which I will exit at 3 EMA touch.

Cheers
SH

Booked calls at open today on 3 EMA touch ... easy money on calls.

Now holding NF shorts only.

Cheers
SH

 

[Tradewithhunter]

@Tradewithhunter Sir,

It was my first day today, and I've lost near about 2500 Rs on Axisbank intraday trading..
I was following the VSA Pattern along with RSI indicator..

as you are popular and well expert member here, Sir, please do Suggest me something, anything, I can use while trading on the intraday.... I'm very much down today..

Sorry I am not the expert with intraday trading...

Cheers
SH

 

[msa5678]

@Tradewithhunter Sir,

It was my first day today, and I've lost near about 2500 Rs on Axisbank intraday trading..
I was following the VSA Pattern along with RSI indicator..

as you are popular and well expert member here, Sir, please do Suggest me something, anything, I can use while trading on the intraday.... I'm very much down today..

Intraday trading is very difficult. Better go for positional trading . Start trading with 50 to 100 rs options in the beginning . Buy call option when 3EMA crosses 15EMA from below and buy put option when 3EMA crosses 15EMA from above.

 

[anilnegi]

SH

You take entry with 1st trade with 1 lot, what happened if it is a bit earlie

 

[anilnegi]

Sh and other experts

Can this will be helpful, if we can match our trade 315 with MACD, i think on positional trade it can be possible, may save some unnecessary trades, i dont have software to check , SH will you help,

anil

 

[Tradewithhunter]

SH

You take entry with 1st trade with 1 lot, what happened if it is a bit earlie

Sorry what is your question?

Today was the day that played out copybook style.. gap up open to kiss 3 EMA which allowed me to book calls and later NF closed at days low ...

Cheers
SH

 

[anilnegi]

SH

i mean to say if your 1st trade would be the 2nd trade than what would be the calculation of profit / loss,

anil

 

[Tradewithhunter]

SH

i mean to say if your 1st trade would be the 2nd trade than what would be the calculation of profit / loss,

anil

Sorry I do not understand what you mean by if your 1st trade will be the second trade?

Mr Governer spoiled the bear party today ... shorts still held.

Cheers
SH