SH's Intraday Strategy - ELH5

[VJAY]

Hit target.... and got another sell signal

 

[amitava82]

Target done. Waiting for 5EMAH touch for short again.

 

[amitava82]

Dear SH,
In minifty...this strategy given loss from 1st dec....yes it in profit in Nf...how we manage it?

I trade MINIFTY but I watch NIFTY_F1 chart

 

[bhaskar145]

Dear SH,
In minifty...this strategy given loss from 1st dec....yes it in profit in Nf...how we manage it?

Hi VJAY,

Consult NF chart & trade MN........shd be ok

 

[Tradewithhunter]

Dear SH,
In minifty...this strategy given loss from 1st dec....yes it in profit in Nf...how we manage it?

Watch NF charts and trade mini nifty if that helps!

Cheers
SH

 

[vikas2659]

I buked my first trade in profit today @ 5978..thanx SH..

 

[vikas2659]

one small query..if opposite signal is triggred then we shall exit at candle close..or we shall wait for the hi/low of that trigger candle to exit..(& that too wd sum filter or without filter).

 

[sramrutia]

OK guys - maybe imageshack is where I will upload the charts and post the links here.

Coming back to intraday strategy, the AIM of this strategy is to

1. Get 2-10 trades per day
2. Profit target is 20 points and stop loss is also 20 points per trade (1:1 risk reward ratio)
3. To have 70% success ratio i.e if we get 100 trades per month ... 70 successful trades giving 1400 points profit and 30 losing trades giving 600 points loss ... Net profit of 800 points per month.

Above is the aim of this strategy - lets see if we are able to achieve it over the next one month or not .....

What do we need on our charts

1. We need 5 minutes Nifty futures real time charts
2. We need to plot 5 EMA (high) and 5 EMA (low) on these charts.

Thats it !!!

Entry rules

Wait for the trigger - The trigger is when we have 2 consecutive candle closes above 5 EMA (high) for BUY or 2 consecutive candle closes below 5 EMA (low) for SELL

Actual Entry - When we get one of the above triggers.... we wait for a small pullback and then jump in ... in case of BUY trigger, we enter longs when the price falls and gets close to 5 EMA (low)... in case of a SELL trigger, we enter shorts when prices rises and gets close to 5 EMA (high).

Exit rules

Simple ... 20 point profit and we exit ... similarly 20 point SL.

I am attaching yesterdays 5 mins charts with triggers... entries and exits.

Please check the same and post any queries. WE got 3 winning trades yesterday and one losing trade with only 5-10 point loss. Overall 40-50 points profits.

http://img340.imageshack.us/img340/4528/screenhunter01dec010947.gif

Enjoy!

Cheers
SH

SIR,
1:1 risk reward is not a good strategy, also 20 point profit imechanicaly is also not a good one. pl modify the system so that 1.number of trades should be less.2. better exit signal.

 

[amitava82]

SIR,
1:1 risk reward is not a good strategy, also 20 point profit imechanicaly is also not a good one. pl modify the system so that 1.number of trades should be less.2. better exit signal.

It would be nice if you can share your strategies or add something valuable to this strategy (i.e, if you got any).

 

[bhaskar145]

SIR,
1:1 risk reward is not a good strategy, also 20 point profit imechanicaly is also not a good one. pl modify the system so that 1.number of trades should be less.2. better exit signal.

As I see most of the time stopped out price is much lower than 20 points..... as opposite signal is already generated B4 price goes 20 point in opposite direction. And I'm sure SH will come out with some system(if any) to avoid fixed point profit target that will allow us to ride the profit wave................