SH's 315 Strategy - how to use if effectively

[forestflower]

NF now at 5220 with 3 EMA at 5190.. thats a 30 point difference hence I have booked my NF longs at 5220 now... re-enter only on dips at 3 EMA touch around 5190.

Now as you can see... this is strictly not exiting at the open price but waiting for a sensible level to exit. I wont be able to explain one year down the line why I exited at days highs (if 5220 does become todays highs !).

Longed at 5185 booked at 5220 ... thats at 35 points profit in this trade till now.

Cheers
SH

Nifty facing some resistence at around 5120 . Need to break that with volumes.booked 50% here.

 

[yesfive]

dear SH,

sir, whether it is safe to buy Dec fut or Jan fut? when it
touches 3ema.

 

[forestflower]

Volumes surging ,breach of 5220 looks likely.Will exit rest 50% if this attempt fails.

 

[Tradewithhunter]

dear SH,

sir, whether it is safe to buy Dec fut or Jan fut? when it
touches 3ema.

Dear Yes five,

December series expires today hence no point buying it .. I will be now buying Jan series from here on.

Cheers
SH

 

[forestflower]

Another option would be to sell the 5300 call[jan}.It will provide cushion iif nifty Dips towards 3EMA or slides further down.If nifty surges today or on monday, gains on our side,if it opens flat on monday time value erosion in jan call on our side.But would need to switch to jan nifty

 

[arti]

Today is the gud example,as y'day at 3ema touch we entered long and nifty up.
Am still with down doubt syndrom.
Let say today if nifty would have been down further, would you have carried your position for 2morrow.As i can see you dont wait for the day to be over(after 3:00p.m).Or would have exited with the first opportunity and again entered at lower price.

I know it depends on our presence of mind,but just want to know how u would handle it.

Dear Arti - Under Scenario one, ADD at 15 EMA only if your original position is in good profits even at 15 EMA touch. you dont ADD at the same level as your original entry.

If you follow the rule of adding as above, even if it SARs under scenario 2 .. your losses will be much small.

As RK Karnani has wisely reiterated, we cant do much in such whipsaws.

Cheers
SH

 

[Tradewithhunter]

Today is the gud example,as y'day at 3ema touch we entered long and nifty up.
Am still with down doubt syndrom.
Let say today if nifty would have been down further, would you have carried your position for 2morrow.As i can see you dont wait for the day to be over(after 3:00p.m).Or would have exited with the first opportunity and again entered at lower price.

I know it depends on our presence of mind,but just want to know how u would handle it.

If Nifty had opened down today I would have held my longs until a bearish crossover is visible at 3.25 PM of today or tomorrow or day after .....

Rules are simple.. I am not sure why you are still in doubt?

When you see mkts going against your position based on 315 .. put your hand on your heart and say 'ALL IS WELL' in 3 idiot style.... it really works ! :lol:

Cheers
SH

 

[forestflower]

If Nifty had opened down today I would have held my longs until a bearish crossover is visible at 3.25 PM of today or tomorrow or day after .....

Rules are simple.. I am not sure why you are still in doubt?

When you see mkts going against your position based on 315 .. put your hand on your heart and say 'ALL IS WELL' in 3 idiot style.... it really works ! :lol:

Cheers
SH

It worked even when 2 idiots were around

 

[arti]

Am paper trading this strategy(as mentioned by our well wishers Now the candle is green. You guys exited at around say 5218. Now when will enter,at the touch of 3ema i.e around5205? And if till 3:25 it will touch 3ema will carry forward our positions isnt it.
Sorry for increasing no of posts.2-3 days once will get hang of it will stop.

 

[mysticalrun]

as far as im seeing it nifty fut cmp is 5224 and 3 ema is 5192.90 not 5205,,,,,plz conform in ur side..