SH's Intraday Strategy - ELH5

[vikas2659]

Guys...check the chart by changing the settings to OHLC(open high low close) instead of ordinary candlestick chart & resolve ur confusion on 1.45 & 1.50 pm trade problem..from dat setting u can clearly c dat d close was slightly on/below d emah5..so d lesson..always check dis way in case of confusion...although dis lesson cost me arund 1500/ ( 20 pts profit lost & 8-9 pts loss on short trade).

 

[VJAY]

Hi VJAY,

Please let me know which charting tool u r using to get ur charts...?
It looks like working great for me whenever i apply my 2 consecutive rules strategy(mentioned some posts back in this thread). So i can try that method using ur charting tools in my PC to check it myself...
Also please tell me from where u r getting data for the same?

Thanks,
...summasumma

Dear summasumma,
its amibroker with IBC data feed...(investbulls....com...)

 

[summasumma]

Dear summasumma,
its amibroker with IBC data feed...(investbulls....com...)

Thanks VJAY.
Which trading terminal are you using?
Is IBC data feed to Amibroker in-line with the CMP of NiftyFuture you see in your terminal? in simple terms, is IBC data feed really live, atleast less than 5seconds delay?
Sorry to bother you with questions I havent use real-time feeds before. So just want clarification.

Thanks in advance.

 

[amitava82]

Thanks VJAY.
Which trading terminal are you using?
Is IBC data feed to Amibroker in-line with the CMP of NiftyFuture you see in your terminal? in simple terms, is IBC data feed really live, atleast less than 5seconds delay?
Sorry to bother you with questions I havent use real-time feeds before. So just want clarification.

Thanks in advance.

Yes it is. you can see delay of 2 to 3 seconds. Because these kind of data services (IBC, iCharts etc) extract data from trade terminal and broadcast. That's why data is little delayed.

 

[Tradewithhunter]

Dear sh,
Please share your chart of todays....how your chart missed 1.40,1.45,1.50...bars above emah...?
if this happen in daily basis then need to look other options

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

OK - I see the problem now, the second candle has not closed above 5EMAH conclusively and neither it is visible to naked eye.

The problem with AFL is that it will account for decimal point difference as well and generate your triggers. I just trust my naked eye, if the candle has closed above 5EMAH and I can see it clearly .. then only its a valid trigger. Borderline cases should be ignored.

Cheers
SH

 

[Tradewithhunter]

Guys...check the chart by changing the settings to OHLC(open high low close) instead of ordinary candlestick chart & resolve ur confusion on 1.45 & 1.50 pm trade problem..from dat setting u can clearly c dat d close was slightly on/below d emah5..so d lesson..always check dis way in case of confusion...although dis lesson cost me arund 1500/ ( 20 pts profit lost & 8-9 pts loss on short trade).

Yes - maybe try OHLC charts ... I often use OHLC charts if it looks like a borderline case on candlesticks...specially on 315 strategy where I need to look for EMA crossovers.


Cheers
SH

 

[Tradewithhunter]

Yesterdays charts and trades.

Overall, profits around 275 points now since 30th November.

Uploaded with ImageShack.us

Cheers
SH

 

[VJAY]

Yes - maybe try OHLC charts ... I often use OHLC charts if it looks like a borderline case on candlesticks...specially on 315 strategy where I need to look for EMA crossovers.


Cheers
SH

Dear SH,
OHLC charts are different chart....is it not candle chart....you mean it only bar chart?

 

[Tradewithhunter]

Dear SH,
OHLC charts are different chart....is it not candle chart....you mean it only bar chart?

yeah the one which shows a thin line candle instead of full bodied candle.

Cheers
SH

 

[jayan12]

If you pay 5 point brokerage per trade .. you should not trade this timeframe.

I pay only 2 points brokerage including sell and buy both.

Cheers
SH

my broker charges...two points for buying and selling NIFTY in addition to...

Service Tax: 48.69
Clearing Charges: 41.36
Security Transaction Tax 50.00

How much... do you pay guys?.