SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

Hi SH,

For this new position what would be the SL and how do you calculate it?

Rgrds,
Amit

Hi - Please read the first few pages of the thread to understand the basics including SL

Cheers
SH

 

[amitraniwala]

Hi - Please read the first few pages of the thread to understand the basics including SL

Cheers
SH

Hi SH,

Thanks for your reply. On page 7 you talk about effective SLs but that is when nifty is in profit of 100 pts then SL should be entry point. What about after taking position if it is not in profit? What should be the SL just after entering a position? I could not find explanation on SL in such case. Could you pls. point out page number on which it is explained. Sorry for the inconvenience caused. I am new to your thread hope get support from you in catching up.

Rgrds,
Amit

 

[Tradewithhunter]

Hi SH,

Thanks for your reply. On page 7 you talk about effective SLs but that is when nifty is in profit of 100 pts then SL should be entry point. What about after taking position if it is not in profit? What should be the SL just after entering a position? I could not find explanation on SL in such case. Could you pls. point out page number on which it is explained. Sorry for the inconvenience caused. I am new to your thread hope get support from you in catching up.

Rgrds,
Amit

Hi,

for initial entry, the SL is the opposite 315 crossover.

Cheers
SH

 

[amitraniwala]

Hi,

for initial entry, the SL is the opposite 315 crossover.

Cheers
SH

Hi SH,

Once again thanks for your reply. For today's new entry 315 crossover is 5426.62 so now this as SL needs to be watched on intraday or on closing basis?

Rgrds,
Amit

 

[amitraniwala]

315 gave a sell signal on EOD today. So positions should be shorts and carrying 1 lot.

The previous bullish 315 swing on NF gave a profit of 500+ points .. enjoy!

Cheers
SH

Hi SH,

Please see attached is Nifty Future chart from amibroker price closed below 15 EMA but 315 crossover not yet took place so should have waited till tomm. close time for taking short position as per 315 rules. Could you please clarify where I am wrong.

NF: 5417.45, 3EMA: 5429.95 & 15EMA: 5428.53

Rgrds,
Amit

 

[shajans]

The 3 EMA has not yet crossed the 15 EMA. 3 EMA is @ 5429.95 and 15 EMA @ 5428.34 on a closing basis. Can be defined as a kiss, and time to add longs if desired. Well ! SH and others pleas confirm. Thanks.

 

[rahuld2976]

The 3 EMA has not yet crossed the 15 EMA. 3 EMA is @ 5429.95 and 15 EMA @ 5428.34 on a closing basis. Can be defined as a kiss, and time to add longs if desired. Well ! SH and others pleas confirm. Thanks.

positions can be added to winning trade whenever candle touches 15 EMA. & last 4 candles are touching 15 EMA.
SH Sir, please correct if I'm wrong.

 

[priyabalan]

315 gave a sell signal on EOD today. So positions should be shorts and carrying 1 lot.

The previous bullish 315 swing on NF gave a profit of 500+ points .. enjoy!

Cheers
SH

Hi SH,

Nifty future did cross over during today's trading hrs but recovered later in the day which ended the futures at 5417.85. The 3 and 15 ema cross over doesn't seem to have happened.3 ema is at 5430.15 & 15 ema is at 5428.58. And also the charts does not show a clear cross over. Hence i have not entered into shorts. Kindly confirm on the cross over. If cross over has happened pls let me know where have i gone wrong. (FYI i use icharts for real time charts).

If cross over has happened can i enter into shorts tomorrow on the touch of 3 ema.

Thanks & regards
Priya

 

[VJAY]

315 gave a sell signal on EOD today. So positions should be shorts and carrying 1 lot.

The previous bullish 315 swing on NF gave a profit of 500+ points .. enjoy!

Cheers
SH

why for me it not triggered to short?
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[Tradewithhunter]

Hi all,

true the recent bearish crossover wasn't visible to the naked eye and I might have jumped into the shorts slightly early.

In any case the bearish crossover has been negated by a bullish crossover yesterday so we are back in longs. However 5500 being a strong resistance, the risk reward ratio in longs at current stage is not very high, therefore buy some puts (sine the IVs are very low right now, options can be bought for very cheap).


Cheers
SH