SH's 315 Strategy - how to use if effectively

[achopraa]

Hi all,

Can somebody help me in calculating the expecting NF price close today which makes it touch the 3EMA? Is it possible to calculate this without taking the help of charts based on cmp of NF and last 3EMA?

Please clarify.

Regards,
...summasumma

Its quite simple and I'll try to teach you how to fish rather than feed a fish, as goes the quote from ST of this forum.

There are 2 possible values at which 3EMA can touch candle today.

First :- This is the 3EMA value of y'days closing price. Try putting this in the Close value of today's candle and see what pops up as today's 3EMA.

Second:- This is rather dynamic and is based upon the highest value of today's Price. See my below post for details.

Actually, you can calculate it "dynamically". 3EMA value is based on the Closing value which during the day is the Last Traded Price.
Anyways, In the morning I had 2 values when 3EMA will kiss the Candle.

--> First was at Price 5090 when Price would be equal to 3 EMA . This was possible if Market Opens Higher than 5090 (Very difficult) or If Market Opens lower than the candle (When we cover the Shorts) and market keeps on Rising to touch 3 EMA (At this time we again Enter Shorts i.e. Booked Profit and continuing our ride on the oscillator).
This is EASY and discussed a lot. This is what exactly we did yesterday.

--> Second was 5010 when Price will be less than 3 EMA(3EMA value will be 5050). This was possible if Market Opens lower than the candle (When we cover the Shorts) and market keeps on Going down so that the 3EMA value starts coming down and touches the point (or a bit below) where Candle Opened. The question was, in this case at what point do you Enter Shorts?

 

[achopraa]

Hi SH,

Was going through one of your previous posts and a doubt popped up.
Its a Bearish Market and I believe we are all Empty handed currently not holding any shorts.
So, what will be the re-enter criteria?
One answer that I have is - Obviously when Candle will touch 3EMA.
But, do we also go SHORT in case of Previous Day's Low's breach?

Thanks.

Hi SH,

Any thoughts about above?
In the meantime, NF has already broken Y'Day's low.

Gap down expected today .... which would mean 2nd candle starting without 3 EMA touch .... it will be worth buying some calls which will be anyways quite cheap due to expiry week and keep buying them if it falls further because a bounce back today or tomorrow is almost guaranteed.

The trick is to keepy buying calls on reach 25 point fall in nifty .... if a bounceback comes... exit calls with whatever profit you get.

Cheers
SH

Apologies, I may sound Naive, but what will you term a bounceback as.
Say you added the Calls at 40,30 & then 20. Now if market is rising and the current value is may be around 32, when will you plan to exit?

 

[rishete]

SH - What is your today's position?

 

[achopraa]

SH - What is your today's position?

Its almost there to touch the 3EMA (just 20 points away).
Not sure what position to take

 

[manoharpillai]

If nifty fut. Hits 4780 today 3ema will touch the candle hence can enter short position

 

[stock72]

If nifty fut. Hits 4780 today 3ema will touch the candle hence can enter short position

seems every resistance gone ... waht will be the exipry?

 

[rajesh pawar]

Keep buying if it falls to 4790 ... it will definitely bounce back. I have started buying 4900 CE at 42 ... will keep buying if it falls to 30 , 20, 10 and averaging ... worst case I will be able to get out at breakeven...

Cheers
SH

With full trust on you and your system already purchased 4900 call at 40, 30 and 20. Now waiting for 10.

Keep updating on the exit. Present average is 30.

This dead cat will definately bounce sometime. :thumb:

 

[manoharpillai]

seems every resistance gone ... waht will be the exipry?

every support broken the final one for the day 4780

 

[rkkarnani]

3EMA kisses price bar!! :annoyed:

 

[achopraa]

With full trust on you and your system already purchased 4900 call at 40, 30 and 20. Now waiting for 10.

Keep updating on the exit. Present average is 30.

This dead cat will definately bounce sometime. :thumb:

Do you still think this is going to work?