Maximize profit using SH's strategy

[gunsho]

GFZ upper band touched @ open. After RBI news it falls like anything. Bull SAR @ 5101 hit. So one can short with Bear SAR @ 5191 which is around 90 points.

Guess there is a confusion about 5101 being SAR. Since there was not an actual EMA touch happened. Actual SAR is 5046. 5101 is TSL. Anyway the actual SAR 5046 is also broken yesterday So end result is as you have mentioned. Bearish with SAR at 5191. Thanks.

 

[trade4joisar]

Guess there is a confusion about 5101 being SAR. Since there was not an actual EMA touch happened. Actual SAR is 5046. 5101 is TSL. Anyway the actual SAR 5046 is also broken yesterday So end result is as you have mentioned. Bearish with SAR at 5191. Thanks.

I dont remember where & when but SH described somewhere that if 15 ema touched i missed with 1/2 points & then trade setup then it will be considered as normal setup. So 5101 was bull SAR.

 

[trade4joisar]

GFZ

30 mins: 5001 - 5154

Daily: 4703 - 5304 (upper band now > 5300)

SST

Short Mode

Bear SAR 5191
No Trade setup as of now.

30 mins 15 ema = 5091.

Today we again missed 2 points in morning to touch 15 ema but after we had a red candle & next candle broke low of this candle so TSL moved to 5082 which was broke @ 11:30.

Again 12:00 red candle closed below 15 ema & then low was broken with SL @ 5090 but again TSL was broken. So as per SH when hit 2 times just wait & watch. And we also need to keep observation on whether it will hit SAR as TSL is already hit.

But this time its little difficult as GFZ upper band stands @ 5154, But you never know i can strecth to hit SAR @ end

Again we had 2:00 Candle closed below 15 ema but this time low is broken but TSL again hit @ closed.

So now when to take trade

315

Long mode

3 ema = 5098
15 ema = 5038

SMC

We are very near to expiry week & 100 ema stands 5103.

 

[gunsho]

I dont remember where & when but SH described somewhere that if 15 ema touched i missed with 1/2 points & then trade setup then it will be considered as normal setup. So 5101 was bull SAR.

T4J, this is fine for TSL. But for SAR a touch is required. Guess recently we are relaxing the rules little bit, because we don't want to miss the trade/profits Looking at the results, such pivots doesn't seems to be very strong. Yesterday also, same way a trade was taken when bar came close to 15EMA (2 point miss in morning, previously <1 point was the filter, now 2 points is also considered as valid) only to find a proper EMA touch taking SL

 

[gunsho]

So as per SH when hit 2 times just wait & watch.

One question. On such situations, we wait until SAR is taken out or wait for a day or something like that?

So now when to take trade

Yesterday moves have shaken the confidence . As per the rules, we are still bearish and if a sell setup comes, we need to take it. But looking at charts, it is forming HH/HL and twice it has SL'ed short setup.

 

[trade4joisar]

One question. On such situations, we wait until SAR is taken out or wait for a day or something like that?



Yesterday moves have shaken the confidence . As per the rules, we are still bearish and if a sell setup comes, we need to take it. But looking at charts, it is forming HH/HL and twice it has SL'ed short setup.

Today looking @ world market, there are 2 ways of taking trade.

1. Contra trade (as SH explained in GFZ thread)
2. When we are near to SAR very low risk, short there.

 

[trade4joisar]

T4J, this is fine for TSL. But for SAR a touch is required. Guess recently we are relaxing the rules little bit, because we don't want to miss the trade/profits Looking at the results, such pivots doesn't seems to be very strong. Yesterday also, same way a trade was taken when bar came close to 15EMA (2 point miss in morning, previously <1 point was the filter, now 2 points is also considered as valid) only to find a proper EMA touch taking SL

If i am correct, this is nothing to do about relaxing rules, this is part of rule about 15 ema touch & then trade setup.

SH,
Your comments.

 

[gunsho]

If i am correct, this is nothing to do about relaxing rules, this is part of rule about 15 ema touch & then trade setup.

SH,
Your comments.

SH mentioned in chat room that, as per strict rules there were no signals yesterday. The trades were not in line with rules, though everyone has taken the first trade.

 

[sonai_81]

Please ignore this post..

GFZ

30 mins: 5001 - 5154

Daily: 4703 - 5304 (upper band now > 5300)

SST

Short Mode

Bear SAR 5191
No Trade setup as of now.

30 mins 15 ema = 5091.

Today we again missed 2 points in morning to touch 15 ema but after we had a red candle & next candle broke low of this candle so TSL moved to 5082 which was broke @ 11:30.

Again 12:00 red candle closed below 15 ema & then low was broken with SL @ 5090 but again TSL was broken. So as per SH when hit 2 times just wait & watch. And we also need to keep observation on whether it will hit SAR as TSL is already hit.

But this time its little difficult as GFZ upper band stands @ 5154, But you never know i can strecth to hit SAR @ end

Again we had 2:00 Candle closed below 15 ema but this time low is broken but TSL again hit @ closed.

So now when to take trade

315

Long mode

3 ema = 5098
15 ema = 5038

SMC

We are very near to expiry week & 100 ema stands 5103.

 

[gunsho]

Please ignore this post..

Why sonai_81?