SH's 315 Strategy - how to use if effectively

[krishna324]

yahoo data seems corrupt..............

Thanks Ravi.

 

[krishna324]

yahoo data seems corrupt..............

even in NSE website, it is showing like yahoo finance..can you pls advice which source to be followed?

 

[rh6996]

rkkarnani, Posting here as you have not responded to my PM's!! Now the PM's being sent are bouncing.. please make space by delting old ones!!
As advised by you I had been taking position on breach of high or lo of the crossover bar and also using your indicator for 'early' reversal! Accordingly, I reveresed my position below the low of 28th October ~5340 less filter.. it did move lower then jumped to ~5360 and started drifitng down!! Out of fear I exited my Short in Nifty and as suggested moved to Options!! I am, in place of 5X50 Nifty Future short am now holding 500 (10X50) Nifty November PE 5100 ~avg. 34.65!! (It closed ~46/- on Tuesday).
Guide me or reconfirm if my action is correct!! I did try to contact Shravan (ccmb) but he did not reply to my mails!!
Thanks to TWH for 315 and shravan and you for the extra inputs this run has given enough profits but still a word in responce would be helpful. My total exposure is in Options and even if it turns Zero I will not loose from my pocket, will still be in Profit but to maintain discipline I need a word from you! Sorry rkk but inspite of my best efforts I could not still gather confidence to go it ll alone though all parameters to trade mechanically are in place. Please help me for some more time. Please !!!!!

rkk, PM bouncing again.. please clear your inbox for freshmessages to get delivered. As advised I am still holding Puts and will convert to future short on breach of todays low with filter. Is this action correct? Shravan is out of India and not tracking Indian Mkts at present.

 

[vikrit]

Sell signal today and shorts entered at 5155

Cheers
SH

why enter short today? as per rules (below). should enter on next candle. have seen one chart explaination by you. are we breaking rule just for today or entry rule changed? plz SH if possible clear this confusion.

thanks

Coming back to my rules... I will talk about Entries, position sizing, pyramiding and Exits (yes, its not always in a trade method) !!

Coming to rules....

Entries

Entries are simple, you wait for a candle to close above 15 EMA, next candle to open and see if 3 EMA is above 15 EMA or not. If the answer is 'Yes' you go long. For shorts you need an exact opposite setup.


NF Chart in next post below.

Cheers
SH:thumb:

 

[sgr]

why closing price is different from yahoo finance? any idea..am i missing something?

you are referring nifty SPOT(underlying) prices while SH-315 system uses nifty FUTURE values.

http://www.freeimagehosting.net/93ea0

 

[achopraa]

why enter short today? as per rules (below). should enter on next candle. have seen one chart explaination by you. are we breaking rule just for today or entry rule changed? plz SH if possible clear this confusion.

thanks

Refer to this post

http://www.traderji.com/technical-a...tegy-how-use-if-effectively-2.html#post333563


2. on entry day, we wait till last min to see if we have clear cross over and take the position. alternatively we can wait for next day open but gap up/down will cause issues. so better to take today itself. is that right ?

2. Yes better not to wait for next day but to take position today itself before market closes.

 

[TraderRavi]

even in NSE website, it is showing like yahoo finance..can you pls advice which source to be followed?

315 uses nifty future price not nifty spot.................

 

[rishete]

EOD Candle touch 15 EMA, should we short additional lot?...SH please help on this

 

[achopraa]

EOD Candle touch 15 EMA, should we short additional lot?...SH please help on this

Are you referring to Y'Days EOD Candle? If so, then Y'day was an opportunity to add shorts (Currently also the price is hovering in same range).

Right now as I see, it is touching the 3EMA, so no action.

Wait and Watch

 

[rkkarnani]

EOD Candle touch 15 EMA, should we short additional lot?...SH please help on this

Are u refering to yesterdays Candle??? That candle opened above 15 EMA and closed below it.
Moreover adds are done when the current position is in some "profit"... at present as per 315 strategy we are not even in profit...Nifty Future is trading above yesterdays close... No extra position as yet!!