SH's 315 Strategy - how to use if effectively

[rkkarnani]

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

Seems a typo... 315 did a bearish cross yesterday close!!

 

[rishete]

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!!

I am referring today's EOD candle, yesterday we short at 5155 and , few times back, EOD candle touch 15 EMA, hence whether do we have to short additional lot

 

[rkkarnani]

I am referring today's EOD candle, yesterday we short at 5155 and , few times back, EOD candle touch 15 EMA, hence whether do we have to short additional lot

Todays EOD!! EOD=End of Day!! You probably mean Daily candle... no we do not add as yet!!! Our current position needs to be in profit for any adds!!

 

[achopraa]

Seems a typo... 315 did a bearish cross yesterday close!!

Yes, based on the Bearish Crossover, what I meant was y'day was an opportunity to Go Short (and cover the Longs, if Any). See the note below.

Sell signal today and shorts entered at 5155

Cheers
SH

Is my understanding correct?

 

[rh6996]

Originally Posted by 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.

Today morning when Nifty opened with a gap down, I exited my Puts at 67.45 and am waiting for the of opening low ~5131 to be breached by a filter , to go short in Nifty Futures!!
RKK, my question is do I also go short at higher levels at close or stay out of trade!!! Apologies for posting here again... not getting to send you PM!!
Please respond here or through mail!!

 

[rh6996]

Yes, based on the Bearish Crossover, what I meant was y'day was an opportunity to Go Short (and cover the Longs, if Any). See the note below.



Is my understanding correct?

Yes as per 315 strategy you are correct! Why did you mentioned "add to shorts" that seems wrong!!

 

[rkkarnani]

Today morning when Nifty opened with a gap down, I exited my Puts at 67.45 and am waiting for the of opening low ~5131 to be breached by a filter , to go short in Nifty Futures!!
RKK, my question is do I also go short at higher levels at close or stay out of trade!!! Apologies for posting here again... not getting to send you PM!!
Please respond here or through mail!!

rh, u will mess up this thread, hence I told you not to post your queries here!! You may short at higher levels but the 3 and 15 EMA are precariously placed and at much higher levels may give a Long crossover!! You did well in exiting the Puts... if not comfy with Futures you can always reenter the Puts at lower levels!! 5100 Puts did a low of ~ 51 today!!
Have some important messages pending to be replied hence cannot clear my inbox now!

 

[NTrader42]

rh, u will mess up this thread, hence I told you not to post your queries here!! You may short at higher levels but the 3 and 15 EMA are precariously placed and at much higher levels may give a Long crossover!! You did well in exiting the Puts... if not comfy with Futures you can always reenter the Puts at lower levels!! 5100 Puts did a low of ~ 51 today!!
Have some important messages pending to be replied hence cannot clear my inbox now!

Hello

Is there a document (doc, pdf anything) that covers all the rules mentioned on first page of this thread and also including various scenarios covered on different posts on this thread?

In short if I have to back-test this system, will i have to first read through this entire thread with 4000+ posts?

Thanks

 

[rkkarnani]

Hello

Is there a document (doc, pdf anything) that covers all the rules mentioned on first page of this thread and also including various scenarios covered on different posts on this thread?

In short if I have to back-test this system, will i have to first read through this entire thread with 4000+ posts?

Thanks

Search the thread, and read only the posts by Tradewithhunter : the initiator of this strategy and the thread!!
Regret no one has compiled the rules in any separate document!! Most of the rules are there in the initial posts...

 

[NTrader42]

Search the thread, and read only the posts by Tradewithhunter : the initiator of this strategy and the thread!!
Regret no one has compiled the rules in any separate document!! Most of the rules are there in the initial posts...

Thanks for the quick response RKK

I am reading all the posts that have been linked on the first post, will consider reading all the posts by TwH after that.

Thanks