SH's 315 Strategy - how to use if effectively

T

tmnkin

Active Member
#1,413
#1,413
F&O Crossover as on 13-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
13-Jul-2010 JPASSOCIAT BUY 315 +Cross 131.25 127.97
13-Jul-2010 NTPC BUY 315 +Cross 200.50 195.49
13-Jul-2010 RELIANCE BUY 315 +Cross 1079.40 1052.42
13-Jul-2010 SAIL BUY 315 +Cross 198.85 193.88
13-Jul-2010 SUZLON BUY 534 +Cross 61.95 60.40

Cash Crossover as on 13-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
13-Jul-2010 JPASSOCIAT BUY 315 +Cross 130.25 126.99
13-Jul-2010 RELIANCE BUY 315 +Cross 1073.60 1046.76
13-Jul-2010 SUZLON BUY 534 +Cross 61.50 59.96
 
Tradewithhunter

Tradewithhunter

Banned
#1,414
#1,414
Tradewithhunter said:
Flat opening again today. As I wrote on Monday morning in this thread, the Nifty did breach the previous week low and has stayed in a range of 120 points till now throughout the week.

While most of the global markets have convincingly entered into bearish territories of charting world, Nifty charts have stayed resilient holding into the bullish territory. This has created a big divergence between global indeces and Nifty, and shows the bullish undertone in Indian markets.

The indian markets havent been sold off yet since there is an expectation of results being better this quarter in India, so again, my guess is that the decisive range break will happen when the results starts coming out.

The 'most talked' about head and shoulder on DOW Jones and S&P daily charts saw the neckline break yesterday. For the classical chartists, this should spell doom and a fall of another 20% from current levels. However, with whatever experience I have, I think it can be very well a fake breakdown and the markets reverses back after another 5% fall.

The new highs are still pending in 2010.

Cheers
SH
Click to expand...

So folks ... Nifty had made a new high of 2010 today :thumb:

I wrote the above quoted post when all global markets had made new lows of 2010 and I am glad Nifty did not disappoint the bulls.

What do you think would happen next? I will post my views once everyone have shared their unbiased views here ......

Remember .. everyone should have a view .. no harm in having a view .. but harm is trading a view ... one should always trade charts and can still have views contrary to the trade !

So Cmon guys ... I am waiting to hear your views....

Cheers
SH
 
Best of Luck

Best of Luck

Member
#1,415
#1,415
Free software- fibotrader

Best of Luck said:
I think Fibotrader is a free software.
For Eod data fetching there are many small programs created by Seniors
and available freely at software section of this Forum.
Try Volumedigger dot com.
Happy trading.
Click to expand...
Sorry for digression from the main topic of the forum.
Yes Fibotrader is a free tool and a thread is dedicated in this forum
http://www.traderji.com/metastock/6501-fibotrader-excellent-free-ta-software.html:clapping:
Mr.Joy's utilities in volumedigger.com have both eod and realtime datafetching capabilities (from yahoo of course with few seconds delay).
Happy trading.
 
S

simple_trader

Well-Known Member
#1,416
#1,416
Tradewithhunter said:
So folks ... Nifty had made a new high of 2010 today :thumb:

I wrote the above quoted post when all global markets had made new lows of 2010 and I am glad Nifty did not disappoint the bulls.

What do you think would happen next? I will post my views once everyone have shared their unbiased views here ......

Remember .. everyone should have a view .. no harm in having a view .. but harm is trading a view ... one should always trade charts and can still have views contrary to the trade !

So Cmon guys ... I am waiting to hear your views....

Cheers
SH
Click to expand...
Hi SH,

Looking forward to your views. I have been writing about NF touching 5550 from last correction (below 5000). We are close to it. I think, we will have a down swing after that, which would break previous swing lows. Expecting 4500 around over time.

Happy trading!
 
Best of Luck

Best of Luck

Member
#1,417
#1,417
Nifty direction

Tradewithhunter said:
So folks ... Nifty had made a new high of 2010 today :thumb:

I wrote the above quoted post when all global markets had made new lows of 2010 and I am glad Nifty did not disappoint the bulls.

What do you think would happen next? I will post my views once everyone have shared their unbiased views here ......

Remember .. everyone should have a view .. no harm in having a view .. but harm is trading a view ... one should always trade charts and can still have views contrary to the trade !

So Cmon guys ... I am waiting to hear your views....

Cheers
SH
Click to expand...
Thanks Sir.
I am a layman with simple skills.According to my calculations
Nifty is in 5th wave from the low stating at 4767 in May 25th.
It is very strong.So according to Elliott wave the
first target is 5432-5440 which will be easily achieved by Nifty 90%
tomorrow itself.
The other targets are 5520 / 5574 /5590 and 5668 and
since Gann target also agrees with last target of 5668
I believe that Market will certainly go there.
Again thanks.
P.s but my question on "Nifty futures retouching 3ema on 3rd day"remains
unanswered.Pls see previous posts and enlighten us.
 
Tradewithhunter

Tradewithhunter

Banned
#1,418
#1,418
Re: Nifty direction

Best of Luck said:
Thanks Sir.
I am a layman with simple skills.According to my calculations
Nifty is in 5th wave from the low stating at 4767 in May 25th.
It is very strong.So according to Elliott wave the
first target is 5432-5440 which will be easily achieved by Nifty 90%
tomorrow itself.
The other targets are 5520 / 5574 /5590 and 5668 and
since Gann target also agrees with last target of 5668
I believe that Market will certainly go there.
Again thanks.
P.s but my question on "Nifty futures retouching 3ema on 3rd day"remains
unanswered.Pls see previous posts and enlighten us.
Click to expand...
Dude - you talk about EW & Waves and Gann and then think you are a layman with simple skills ? :lol: Cmon ... you are more educated than me !

Gann and EW to me is like a jockey trying to fly a plane :rofl: believe me I am more layman than you are in that regards !

Jokes aside .. thanks for sharing your views, much appreciated.

You will get your answer for 3 EMA in my other thread which I just updated.

Cheers
SH
 
V

vikas2659

Active Member
#1,419
#1,419
Nt seeing the charts but reading the simple mindset of people...i wud say..most of positional traders were short with 5400 (+ 40 to 50 pts SL)...so dis wud b taken out(5450)..& now the next...market will nt fall immediately unless any major result disappointment...it will make another new high ...& will fall when everybody will become confident & our learned T.analyst will bark(like gujral) abt 6100....In short...it will find a new spot for Bulls to Suicide..Guess wat number it is...ofcourse...it cant b & shud nt b near to 5400-5460..
Take care..

Vikas
 
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