SH's 315 Strategy - how to use if effectively

[Sukhi_Aatma]

Hi,

As per spot price today unitech gave short signal,is it short signal in fut chart also?
Arti

Hi,

Looking at my charts, yes unitech-1m did give short signal yesterday.

All Is Well
Sukhi Aatma

 

[Sukhi_Aatma]

A portion of the doji like formation is still above the 3 ema, may be we can wait for tomorrow's close for confirmation. But we get a clear confirmation only from SH bhai.
If tomorrow open is below the todays low of 73.20 can we go short?

Regards
Saivenkat.

Hi Sai,

I see the low of unitech-1m at 72.9 for 18-Mar-10. Pls check and let me know which one is right.

Regarding shorting, the unitech-1m close on 17-Mar-10 was below 15 EMA and on 18-Mar-10 you see a clear crossover of 15EMA by 3EMA from above.

This is a short situation according to SH315.

All Is Well
Sukhi Aatma.

 

[Tradewithhunter]

Posting the trading stance on my 20 stocks futures as per 315 (EOD charts):


1. Nifty - Bullish
2. Bank Nifty - Bullish
3. ACC - Bullish
4. ABAN - Bearish
5. DLF - Bullish
6. Unitech - Bearish
7. ICICI BANK - Bullish
8. IFCI - Bearish
9. IDBI - Bearish
10. JP Associate - Bullish
11. L&T - Bullish
12. RCOM - Bullish
13. Bharti Airtel - Bullish
14. Reliance - Bullish
15. Reliance Capital - Bullish
16. SAIL - Bullish
17. SESAGOA - Bullish
18. SUZLON - Bullish
19. STERLITE - Bullish
20. SBI Bank - Bullish


Cheers
SH

 

[Karanm]

Posting the trading stance on my 20 stocks futures as per 315 (EOD charts):


1. Nifty - Bullish
2. Bank Nifty - Bullish
3. ACC - Bullish
4. ABAN - Bearish
5. DLF - Bullish
6. Unitech - Bearish
7. ICICI BANK - Bullish
8. IFCI - Bearish
9. IDBI - Bearish
10. JP Associate - Bullish
11. L&T - Bullish
12. RCOM - Bullish
13. Bharti Airtel - Bullish
14. Reliance - Bullish
15. Reliance Capital - Bullish
16. SAIL - Bullish
17. SESAGOA - Bullish
18. SUZLON - Bullish
19. STERLITE - Bullish
20. SBI Bank - Bullish


Cheers
SH

Sir, is there any explorer formula for Metastock to search for scrips which have given Buy/Sell Signal as per 315 Statergy.

Regards
Karanm

 

[arti]

When candle is not at all touching 3ema,how much time we should wait to exit,usually how much time u(SH) or others using this strategy wait to exit?
Arti

 

[Tradewithhunter]

When candle is not at all touching 3ema,how much time we should wait to exit,usually how much time u(SH) or others using this strategy wait to exit?
Arti

we exit immediately... right now 3 EMA is touching the candle hence shorts are to be held.

Cheers
SH

 

[arti]

------------------------------------------------------------
What a fool am i saw stock chart and exited my short.

 

[arti]

hi SH,

Suppose 2morrow dlf gives buy signal,which series i should trade?, as expiry after 2 days,so we should trade in april or current mnth only.

Also as i exited unitech,because of my stupidity,2morrow if i see some hike,can i short it again?

One more doubt,suppose when crossover happens and candle is above 3ema,then we should take position or wait for some upmove (downmove for short),or still we should take position as crossover confirmed?

Arti

 

[raj_usb]

Hi,

Looking at my charts, yes unitech-1m did give short signal yesterday.

All Is Well
Sukhi Aatma

Hi,

Short signal was generated on Wed. 17-03-2010(Close price 73.85) for Unitech-1M.

-Raj

 

[Sukhi_Aatma]

------------------------------------------------------------
What a fool am i saw stock chart and exited my short.

Welcome to FOOL's club .

Infact, we all get fooled by something or other in this jungle called "MARKET".

All Is Well.
Sukhi Aatma