SH's MArket Correction Prediction Strategy

[columbus]

Taking such a position now will be sheer over smartness since capital will be blocked. At present if I see it correctly nifty is trying to breach 6200 level but keeps reverting back.So either a breakout followed by a retracement to 6000 is more like it. When the 6000 level is due next week,why enter prematurely,you may think that it ought to revert to 6000 before 13 Oct but on Oct 05th to enter such a position is utter madness especially looking at the bullishness. Shorting at every 50 increase is like averaging a hopeful situation . Ideally we should never have had such a large upmove all the way without the correction everyone expected in the charts.

Hi alroyraj,

The much needed CORRECTION is eluding for the last 3 months.

 

[Apurv7164]

Dear SH,

I surely do not want to sound offensive, neither I want to doubt ur strategy... also I have not read entire thread which i will do over the weekend... however, identifying symmetry generally works but needs utter caution and conscious care in money management. Coz when it fails it ruins one's account....

you can take a recent example of Nifty before this upmove... every single symmetry trader was expecting 4900 including me... Almost entire swing portfolio of mine was stopped out on one fine day. I have also posted on other thread that it was stop loss day for me and feared that hope NF does not marches up... however, i was saved coz all were trailing stops..

just my premature opinion... kindly do not take it otherwise...

Bests,
Apurv

 

[Tradewithhunter]

Thank you Aloyraj & Apurv for your thoughts.

Cheers
SH

 

[Tradewithhunter]

Shorts to be exited when 15 EMA is tested.

NF falling since yesterday and closed at 6175 today :thumb:

Cheers
SH

OK - NF at 6145 now which is a 100 point correction from my shorting point ....

holding with trailing SL for target 15 EMA at 6065 now.

Cheers
SH

 

[Tradewithhunter]

OK - NF at 6145 now which is a 100 point correction from my shorting point ....

holding with trailing SL for target 15 EMA at 6065 now.

Cheers
SH

NF now at 6100 .. thats 145 points correction already ... booking all shorts since on Monday 15 EMA will inch up to 6070-6075 and no point carrying risk over the weekend for just 20-30 points .... that too against the main trend.

Trade closed with 145 point profit ... :thumb:

Cheers
SH

 

[rrmhatre72]

NF now at 6100 .. thats 145 points correction already ... booking all shorts since on Monday 15 EMA will inch up to 6070-6075 and no point carrying risk over the weekend for just 20-30 points .... that too against the main trend.

Trade closed with 145 point profit ... :thumb:

Cheers
SH

Hats off to you SH.....
Too good....
Most important thing I like about you is keeping your cool....
There were some negative comments about taking this position....
But you keep your cool... & Just replied thanks to them.... & Allowed time to answer on your stance.....
This shows how much confidence you have in your system & how religiously you follow it....

 

[Tradewithhunter]

NF is trading at 6245 ..... as per the reversal theory of 15 EMA ..... NF should ideally revert to 15 EMA this week or next... i.e which makes the target of around 6000 for NIfty by next week.....

Would anyone want to take the chance and short NF now at 6245 and keep shorting at every 50 point rise for targets 6000 in coming weeks?

Or buy 6200 puts now trading at 113 and keep accumulating?

I will definitely !!!

Cheers
SH

NF tanked yesterday to make a low of 6083 and pulled up with 15 EMA closing at around 6080. I will count that as 15 EMA retest... time reversal theory holds good in even insane markets (or atleast till now has held good) :thumb:


Cheers
SH

 

[VJAY]

NF tanked yesterday to make a low of 6083 and pulled up with 15 EMA closing at around 6080. I will count that as 15 EMA retest... time reversal theory holds good in even insane markets (or atleast till now has held good) :thumb:


Cheers
SH

Dear SH,
So hope you entered long in 315...

 

[Tradewithhunter]

Dear SH,
So hope you entered long in 315...

VJAY - yes i am long now after booking the shorts yesterday.

Cheers
SH

 

[sanjay_arora]

Hello SH

How much does this hold true against other futures or shares? with other timelines maybe?

How to find out?

With regards.
Sanjay.