SH's Intraday Strategy - ELH5

[bhaskar145]

Buy trigerred @ 10:20 bar

 

[Tradewithhunter]

SHorted at 6022 (EMAH) SL 6042 target 6002.

Cheers
SH

BUY trigger at 6031 .... closed shorts with 9 point loss and now waiting for long ENTRY at EMAL.

Cheers
SH

 

[bhaskar145]

Hi SH,

Can u pls explain the logic behind this system as u did for your 315 system?

 

[Tradewithhunter]

BUY trigger at 6031 .... closed shorts with 9 point loss and now waiting for long ENTRY at EMAL.

Cheers
SH

Got long entry at 6023. SL 6003 now target 6043

Cheers
SH

 

[amitava82]

Looks like another short signal coming up. 2 loss trade back 2 back :|

 

[bhaskar145]

Hi SH,

2nd bar closed below 5EMAL? What abt your chart?

 

[aryabhatta]

Looks like another short signal coming up. 2 loss trade back 2 back :|

two loss is part of the game also since its small loss its no problem if a strategy has a slight edge and we take many trades then its sure we will come out ahead in the long run.

only problem i am facing is i get different signals because my charting service is inter-bank the spread skews the plotted ema's. yesterday i got 2 sell signals instead of buy.

 

[Tradewithhunter]

Got long entry at 6023. SL 6003 now target 6043

Cheers
SH

Yes - another SELL trigger.... exited at 6018 - another 5 point loss.

Total loss 14 points which is not that bad!

2 consecutive fails mean we are in a tight range ... this being a momentum strategy will fail in such tight range. No more intraday trades for me today. Will try again tomorrow.

CYA guys !

Cheers
SH

 

[biyasc]

one must consider the brokareges also. its almost 5 points brokerages per trade we pay.

 

[VJAY]

Yes - another SELL trigger.... exited at 6018 - another 5 point loss.

Total loss 14 points which is not that bad!

2 consecutive fails mean we are in a tight range ... this being a momentum strategy will fail in such tight range. No more intraday trades for me today. Will try again tomorrow.

CYA guys !

Cheers
SH

Dear sh,
Is it based any MM rule or consecutive loss in 2 trades?