SH's Intraday Strategy - ELH5

[shivaraja]

3rd trade running now, long 5920.

Stoploss triggered for this trade again....and now two consecutive bars below 5EMAL...looking to short at EMAL at ~5918

 

[Tradewithhunter]

Yes after a 20 point profit, we have got 2 consecutive loss trades .... first one lost 11 points and second one los 12 points ... so total loss of 3 points today (excluding brokerage).

No more intra trades for me today now since we have got 2 consecutive SLs.

Cheers
SH

 

[Tradewithhunter]

Then please open

http://www.hidemyass.com/

Type the web link in the space provided ie where by default google website address is written.
Then you acn see all the images.
This is how I am doing in my office.

regards

even this website is blocked in my office :lol:

Cheers
SH

 

[VJAY]

even this website is blocked in my office :lol:

Cheers
SH

:rofl: :rofl:

 

[sujittalukder]

even this website is blocked in my office :lol:

Cheers
SH

OK, one of my friend has a trick to overcome if this site is blocked.
I will give the details later when I will know about it.
regards

 

[vikas2659]

sum body to post d chart for 2days trade for better understanding of system

 

[razx5]

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

if v have 2 continous bar touching high and then pullback leads to 2 bars touching low then what?go long or wait for short to trigger?for eg..today at 1.44 and 1.49 pm bars touched low..so v wait for the bar to touch high and then go short..instead of touching high it jus penetrated the high bars and contionus 6 bars till 2.24 pm it was above 5ema highs..then waht?did my stoploss trigger?or v didnt enter only?how di u trade?please xplain?

 

[VJAY]

sum body to post d chart for 2days trade for better understanding of system

This one from yesterdays trades...

[/URL] Uploaded with ImageShack.us[/IMG]

 

[jayan12]

sir how to plot 5ema high and low in nseindia tame..there is an option of plotting 5ema..thatz all..no option of plotting it for high and low..even in sharekah ntrade tiger..plz help

You can plot 5EMA(High) and 5EMA(Low) in icharts. icharts charge 699 RS per month.

 

[bhaskar145]

if v have 2 continous bar touching high and then pullback leads to 2 bars touching low then what?go long or wait for short to trigger?for eg..today at 1.44 and 1.49 pm bars touched low..so v wait for the bar to touch high and then go short..instead of touching high it jus penetrated the high bars and contionus 6 bars till 2.24 pm it was above 5ema highs..then waht?did my stoploss trigger?or v didnt enter only?how di u trade?please xplain?

Hi Raz,

Welcome to this thread. As per SH's rule the bars have to close OUTSIDE the EMA channel. Merely touching the EMAs doesn't qualify as trigger. Secondly entry/exit is after close of the EMA touching bar i.e. once the 5 min TF candles that touches or penetrates opposite EMA5 ends we take entry. U can check yesterday's 4th entry to get a clear picture. Entry was made after close of red WRB.