SH's Intraday Strategy - ELH5

[razx5]

3 PM bar high 5807 and EMAH was 5808 .. missed the third short by 1 point and Nifty has fallen 40 points from there

Anyways - we will get more chances.

PLEASE DO NOT TAKE ANY MORE SHORTS FOR TODAY.

Cheers
SH

in this style of trading max profit/loss in a single trade is +/-20 rt?even if nf has fallen 40 points from that 5emah?

 

[nishu900]

Hi SH,
I use Angel broking software and in that 1.45 closing is at 5886.90 and EMAH is at 5885.44.
I dont know even my data is never matched with your data.

How come the points of EMAH and Closing price can be differ. It may be possible for the candles which can't be visible with naked eyes to touch 3EMAH or EMAL but the points can't be wrong.

 

[Tradewithhunter]

in this style of trading max profit/loss in a single trade is +/-20 rt?even if nf has fallen 40 points from that 5emah?

Right now...yes. We will evolve this strategy after some time to maybe ride the entire swing ..... but for the moment.. book at 20 points either ways.

Cheers
SH

 

[amitava82]

So, we have our first buy signal, waiting for pull back.

 

[bhaskar145]

in this style of trading max profit/loss in a single trade is +/-20 rt?even if nf has fallen 40 points from that 5emah?

GM everybody,

Yes Raz u r correct, +/- 20points (+/- slippage).

We have a long triggered now.

 

[VJAY]

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

yes I removed afl from chart... now go visualy...will add 1point to ema so can see close better

 

[Tradewithhunter]

So, we have our first buy signal, waiting for pull back.

Pullback at 5829 .. missed EMAL by 1 point and rallied 30 points from there.... missed the long ....

Cheers
SH

 

[amitava82]

I had taken Small position @5831. Booked at 5860

 

[Tradewithhunter]

I had taken Small position @5831. Booked at 5860

The good thing about this strategy is that it never keeps you against the trend .... something which intraday traders fail to do consistently.

Cheers
SH

 

[aryabhatta]

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?.

for 1 lot nifty 0dha charges 2.7 points including everything, as you increase your lot size it becomes slightly cheaper as brokerage of 20 rs each way is a flat rate.

rkg may be cheaper but only upto 2 lots, once u go higher than 2 lots 0dha is cheaper.