SH's 315 Strategy - how to use if effectively

[raj_usb]

Hi SH,

Can we apply SH315 to Commodity market? If not can you suggest some modified strategy for Commodities?

Waiting 4 ur reply.

Thanks in advance.

 

[Tradewithhunter]

Hi SH,

Can we apply SH315 to Commodity market? If not can you suggest some modified strategy for Commodities?

Waiting 4 ur reply?

Thanks in advance.

Yes you can use 315 for commodities as well.

Cheers
SH

 

[raj_usb]

Hi SH,

I think commodities are more volatile than stocks. If we apply 315 to commodities like Crudeoil it's not effective as when it is applied to stocks. I believe still there is scope for improvement in case of commodities. I am working on the ways to improve 315 for commodities. If I get something I will definitely share in this forum. If you have any other more effective strategy for commodities pls let us know. Meantime we can go ahead with 315.

Thank you.

 

[VJAY]

Dear TWH,
I have one doubt....now NF in short as per 315...suppose we bought it back on 22/1/2010...bcaz of not toching 3ema....now close on friday 3 ema @5084 so we can sell NF again if it comes on 25 th...but morning 3 ema @5048....then it gone to 5070+...but afternoon it came down again as per Eod it @5038 so bar had toched....then how can we manage it to short again in NF @ eod? Please give some guidance how you handle it when in live trading......

 

[kkr555]

Never seen Nifty providing an opportunity to buy like this in recent times. 3 EMA is 4980 and Nifty hasnt touched 3 EMA for the 3rd straight day now. According to 315, Nifty (@4890 rite now) is a buy for a quick trade.

 

[PitBull]

The 3EMA is below the 15EMA. The trend is negative and it doesn't look like its turning.
According to 315 strategy, you should still be short.

 

[Tradewithhunter]

NIfty closed at 5085 yesterday, 315 bearish signal was confirmed and I have reversed to shorts in Nifty at 5083 levels.

Longs were at 5262 levels hence this gave a loss of 199 points ! Got saved by ICICI shorts ... (have also been holding IFCI & Unitech & shorts in my portfolio and SAIL still long)

So 5 positions in my portfolio now are:

IFCI shorts
Unitech Shorts
NIfty Shorts
ICICIBank Shorts
SAIL Longs

Cheers
SH

IFCI, Unitech, Nifty, ICICI Bank all shorts rocking!!!!! whoever still has doubt on 315 should come and see this !!!! :rofl:

Super January for me !!! :cheers:

Cheers
SH

 

[kkr555]

Tradewithhunter,

Was I right in buying Nifty @4890 for a short term trade ?

Today is the 3rd day that Nifty has not touched the 3 day EMA. So a short term bounce to the the 3 day EMA (4940-50) is possible. You did not indicate buying Nifty for this trade. Hence I am concerned if I was making the rite trade or not.

I now realized looking at the chart that because Nifty closed near 4840, thereby ensuring that 3 EMA (at 4940-50) now touches the day high of 4960+.

I got trapped here ! What do I do now ?

IFCI, Unitech, Nifty, ICICI Bank all shorts rocking!!!!! whoever still has doubt on 315 should come and see this !!!! :rofl:

Super January for me !!! :cheers:

Cheers
SH

 

[observer]

SH, Nifty is showing downside ema crossover on weekly charts. Is it good to short nifty EOW?

 

[VJAY]

Dear Tradewith hunter,
Can you please answer to my querry.....

Dear TWH,
I have one doubt....now NF in short as per 315...suppose we bought it back on 22/1/2010...bcaz of not toching 3ema....now close on friday 3 ema @5084 so we can sell NF again if it comes on 25 th...but morning 3 ema @5048....then it gone to 5070+...but afternoon it came down again as per Eod it @5038 so bar had toched....then how can we manage it to short again in NF @ eod? Please give some guidance how you handle it when in live trading......