SH's 315 Strategy - how to use if effectively

[observer]

SH, IFCI and ICICI made a nasty upmove. What strategy have you thought of for these two?

 

[Tradewithhunter]

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

Trade using futures price and enter into a trade immediately after a crossover. Not after 315 has made a significant move already like unitech.

Cheers
SH

 

[Tradewithhunter]

SH, IFCI and ICICI made a nasty upmove. What strategy have you thought of for these two?

Observer - IFCI and ICICI gapped down on Friday and I had booked as per 3 EMA rule. I had re-entered in shorts at 3 EMA touch at a higher level same day.

None of them has given a bullish crossover yet and hence holding shorts. I still have 5 short positions all profitable. I will start reversing to longs as per the 315 rules.

Cheers
SH

 

[arti]

Unitech is in bearish mode as per this crossover strategy.315crossover happened on 20/10/10.So we have to short as per strategy.Now on 28th it was expiry,so our position is squaredoff.Now on that day 3 was still below 15 so we should open new short position for next month(feb)?

I mean how to handle this scenario of expiry?Also, as per ur correction theory it should go up and touch 15ema in the coming days,so what should be our trade once our current month trade expires?

 

[citrus]

Re: 534 system

SH,
Please explain rules of your '534' strategy for EOD traders also.
Regards
Citrus

 

[vijaim]

Trade using futures price and enter into a trade immediately after a crossover. Not after 315 has made a significant move already like unitech.

Cheers
SH

thanks SH... one more question....which timeframe u use to enter?

 

[rkkarnani]

Re: 534 system

SH,
Please explain rules of your '534' strategy for EOD traders also.
Regards
Citrus

Its all EOD trades only!!! Wud do u good if you go through the thread from the beginning!!
Profit is booked when market opens with a gap in the direction of the trade and price is away from 3 EMA, and then reentry rules apply!! SH has explained and clarified at various places!! Do have a look!!

 

[arti]

SH or someone using this strategy plz reply to my doubt.

Unitech is in bearish mode as per this crossover strategy.315crossover happened on 20/10/10.So we have to short as per strategy.Now on 28th it was expiry,so our position is squaredoff.Now on that day 3 was still below 15 so we should open new short position for next month(feb)?

I mean how to handle this scenario of expiry?Also, as per ur correction theory it should go up and touch 15ema in the coming days,so what should be our trade once our current month trade expires?

 

[citrus]

Re: 534 system

Its all EOD trades only!!! Wud do u good if you go through the thread from the beginning!!
Profit is booked when market opens with a gap in the direction of the trade and price is away from 3 EMA, and then reentry rules apply!! SH has explained and clarified at various places!! Do have a look!!

Thanks rkkarnani for the reply. So I assume same rules apply to '534' strategy as to '315', except that no intraday intervention is required on the part of trader/ investor.
Regards.

 

[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.

I think its better to trade commodities intra-day with SH315. As commodities mkt. is open almost for 14 hrs. all the price moves takes place in single day. All news n events affect prices same day and next day we don't know what will happen. So I think its better and safe to trade commodities intra-day. No need to carry huge future positions for next day.