SH's 315 Strategy - how to use if effectively

[FanaticTrader]

- Suzlon is still intact with approx 5% gains
- Though Reliance had a bad day yesterday but is still holding on to the setup
- DLF made good gains in the day but later gave it away, however the setup is still in place for DLF
- I did close my position on Silver as price has moved away from 3 EMA. Waiting for it dip back to 3 EMA and then re-enter the trade.
- Nifty (F) is also still in longs and reaping good gains so far.

Update on the current holdings

- Suzlon currently holds on...first signs of weakness (Doji formation right at resistance of 23-24 :annoyed: )
- DLF also holds on despite yesterday's session
- Reversed position in Reliance...A whipsaw trade ... Now created shorts in Reliance at 718
- Created shorts in Silver (F) at 52300
- Still holding longs in Nifty (F)

 

[Tradewithhunter]

Nifty futures at 4962 now...

Nifty longs at 4755 on 4th January booked now at 4762 with 205 points profit.

Bought 5000 CE for this month for 45 ... so locked in 160 points profit in this trade.

If nifty continues to go up this month, the 5000 calls will make money. If Nifty doesnt go up, I would have still made 160 points in this long.

Tomorrow we might have a situation where Nifty is not touching 3 EMA.

Cheers
SH

 

[msri]

I caught in the whipsaw in the case of Reliance. What to do?

 

[FanaticTrader]

I caught in the whipsaw in the case of Reliance. What to do?

Exit

Even I am on short trade and it has given a whipsaw again

Hope should not be first resort..If it a loss , I feel one should accept it and move on...after all "Kuch pane ke liye kuch khone padta hai"

 

[trader_boy]

Nifty futures at 4962 now...

Nifty longs at 4755 on 4th January booked now at 4762 with 205 points profit.

Bought 5000 CE for this month for 45 ... so locked in 160 points profit in this trade.

If nifty continues to go up this month, the 5000 calls will make money. If Nifty doesnt go up, I would have still made 160 points in this long.

Tomorrow we might have a situation where Nifty is not touching 3 EMA.

Cheers
SH

Dear Sh
say if the trend continues further then do we reenter into futures ? ...for example say tomorrow theres a gap up and then the candle touches around close then are we supposed to square off the shorts and buy futures ???? pl guide

 

[timepass]

Dear Sh
say if the trend continues further then do we reenter into futures ? ...for example say tomorrow theres a gap up and then the candle touches around close then are we supposed to square off the shorts and buy futures ???? pl guide

I guess you buy if EMA3 is >= previous session's EMA3.

 

[FanaticTrader]

Update on the current holdings

- Suzlon currently holds on...first signs of weakness (Doji formation right at resistance of 23-24 :annoyed: )
- DLF also holds on despite yesterday's session
- Reversed position in Reliance...A whipsaw trade ... Now created shorts in Reliance at 718
- Created shorts in Silver (F) at 52300
- Still holding longs in Nifty (F)

- Suzlon continues to make me happy :clap: Whooping move from 19.70 until 22.95...Though there are signs of exhaustion there is no exit trigger yet :clapping:
- DLF is reaping in good benefit :cheers:
- I just feel like killing Reliance :gun2:... Another whipsaw
- Silver made me poorer by few thousand rupees Now longs in Silver
- Nifty is solid as rock :thumb: Continue to remain longs as of now...(However NF has retraced from fools zone in 30 M TF so could see levels of 4950 before resuming upmove)

 

[rkkarnani]

NiftyF opened at almost yesterdays high away from 3EMA!!!

 

[Tradewithhunter]

Nifty futures at 4962 now...

Nifty longs at 4755 on 4th January booked now at 4762 with 205 points profit.

Bought 5000 CE for this month for 45 ... so locked in 160 points profit in this trade.

If nifty continues to go up this month, the 5000 calls will make money. If Nifty doesnt go up, I would have still made 160 points in this long.

Tomorrow we might have a situation where Nifty is not touching 3 EMA.

Cheers
SH

As expected Nifty not touching 3 EMA at open price and has fallen quickly to touch 3 EMA. Alomost 50 points fall from open price.

I continue to hold the calls. Will be tempted to add futures around 15 EMA touch (only if we havent had two 3 EMA down days)

Cheers
SH

 

[RAJESHROHRA]

As expected Nifty not touching 3 EMA at open price and has fallen quickly to touch 3 EMA. Alomost 50 points fall from open price.

I continue to hold the calls. Will be tempted to add futures around 15 EMA touch (only if we havent had two 3 EMA down days)

Cheers
SH

sir what is the 15 EMA for today!!11