SH's MArket Correction Prediction Strategy

[Tradewithhunter]

Hi SH,

NS could not cross 100EMA(5876). Today's high was 5873.
How do you analyse this?
Does it indicate bears are still in charge? & this was just relief ralley?
how are you positioned now?

rrmhatre - Yes intermediate trend is still down ... though I was able to exit shorts today at 5750 levels ...actually entered a swing long trade at 5728 SL 5690 which I booked at 5840. Got 40 points based on EHL5 as well.

I am empty handed today completely in cash ....I will open fresh positions tomorrow. They might be in line with 315 or against it .. totally depends on ho markets behave after opening tomorrow.

People who are following 315 religieously as well as 100 EMA break strategy, should still be holding SHORTS.

Cheers
SH

 

[rrmhatre72]

rrmhatre - Yes intermediate trend is still down ... though I was able to exit shorts today at 5750 levels ...actually entered a swing long trade at 5728 SL 5690 which I booked at 5840. Got 40 points based on EHL5 as well.

I am empty handed today completely in cash ....I will open fresh positions tomorrow. They might be in line with 315 or against it .. totally depends on ho markets behave after opening tomorrow.

People who are following 315 religieously as well as 100 EMA break strategy, should still be holding SHORTS.

Cheers
SH

Thanks SH,

Any specific reason for not taking stradle position.
Previously you use to take it at the end of day.
Just want to understand your logic.

 

[Tradewithhunter]

Thanks SH,

Any specific reason for not taking stradle position.
Previously you use to take it at the end of day.
Just want to understand your logic.

Straddle to be taken only when 100 EMA is touched.. today we have not touched 100 EMA....

Cheers
SH

 

[rrmhatre72]

Straddle to be taken only when 100 EMA is touched.. today we have not touched 100 EMA....

Cheers
SH

Hi SH,

I exited my 5900CE +5800PE position @166 (Buy was @150).... 10% gain...
Just used your logic that market does not like to stay near 100EMA. It moves away from it in either direction. It proved again.... even though entry was not exactly as per your rule.

 

[DiwaliCrackers]

exited my Straddle with 20% gain in 7 days....Thanks SH Sir Jee

 

[jayan12]

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This is 315 chart of siemans... candle is not touching the 3 ema line and it is far off..Is it the opportunity to short?

 

[Visualize]

^ Try not to go against the trend for small profits. According to 315 the stock is bullish.

 

[kiranjakka]

dont understand why there are no posts in this active thread please post some strategies

 

[vinst]

dont understand why there are no posts in this active thread please post some strategies

Kiran,
This thread is for a unique strategy posted by SH for nifty. He makes different thread if another strategy is to be posted. In this thread we may not expect another strategy.

regards
vin

 

[milind2754]

Tradehunter
for 315 strategy we use ema3 and ema15 on daily timeframe . for hourly chart which ema we should use ?