SH's 315 Strategy - how to use if effectively

[kishornp]

Hallo,
all friends,
listen......carefully....do only one thing...use 21 tma....
Buy above 21 tma...sell below 21 tma....(baas itnahi karo baki kuch dekhna nahi)
try...u will...happy...
Best luck,
kishor patil.

 

[vinst]

Hallo,
all friends,
listen......carefully....do only one thing...use 21 tma....
Buy above 21 tma...sell below 21 tma....(baas itnahi karo baki kuch dekhna nahi)
try...u will...happy...
Best luck,
kishor patil.

Ye tma kya hai?
Is it triple ema?

vin

 

[raj_usb]

Hi,

What is 'tma'?? Is it triangular ma or time series ma?

 

[Tradewithhunter]

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 ?

If you follow 315, you should never buy when 3 EMA is below 15 EMA .. the only trade you want to do is 'Sell'.

If you traded based on 3 EMA touch, you need to continue to buy as Nifty keeps on sliding and then Exit as soon as Nifty reverses and you get good profit. For eg today at 4929 was a good opporutnity to exit...

Cheers
SH

 

[Tradewithhunter]

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

Dear observer,

Good obseration. This week's candle will close tomorrow hence if at EOD tomorrow weekly still shows bearish crossover.. its time to exit from investments .. and go positional short ... until we get a bullish crossover.

Cheers
SH

 

[Tradewithhunter]

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

Sorry Vjay - I could not understand your question. Please can you rephrase it and probably put a chart?

Cheers
SH

 

[vssoma]

Dear tradewithhunter,
i am posting a chart for tata steel. please apply the 315 formula and explain me what should be our strategy in this situation.

thank you,

 

[rkkarnani]

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 ?

While considering 3 EMA touch, please do not consider that Price will jump to do it!!! It can be other way round : The 3 EMA plunges to touch the price!!! So on third day instead of Price jumping up Nifty plunged and we now have the Price touching 3EMA!!
Moreover here as 3 EMA was below 15 EMA we needed exit when 3EMA was NOT touching Price and re-enter "SHORT" when it again touches 3 EMA!!! This as per rules of trading this setup!!

 

[rkkarnani]

Dear tradewithhunter,
i am posting a chart for tata steel. please apply the 315 formula and explain me what should be our strategy in this situation.

thank you,

Trying to Post my view, and request TH to kindly correct the same in case of some minor errors!!! (Hopefully there shall not be any major ones)

I have Tata Steel Futures Data(a nd we trade only futures) so as per that chart 3 EMA crossed below 15 EMA on 22nd Jan 2010, so we went short at close at ~620/- It gave us an opportunity upto Rs.553.00. In case we did not exit 27th Jan on close at around 558.00 we were still short when market opened today!!! (Now why do I write that if we did not exit, as per rules we are to remain in Trade always but feel there are certain special circumstances as now : Tata Steel results were expected and derivative close was there).
So we were still Short today morning, the Price opens away from 3 EMA and we exit on Open, and reenter the Short at close at 3 EMA touch, though in EOD charts of Tata Steel Futures the price is still 27 paise away from 3 EMA!!! So maybe we are out of trade!!!

 

[vijaim]

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

Hi,

I have this silly question. To trade on future contract using 315 strategy, which chart i should look for entry and exit. Is future contract chart or underlying stock (equity) chart.

today morning , i enter short 1lot of unitech at 71.35rs by looking future contract RT chart using 315.. but price went up...eod i was in loss..

I think , im using wrong chart to enter trade.

Please correct me... thanks in advance for ur time and help

Vijai