SH's Intraday Strategy - ELH5

[summasumma]

Hi,

I have query in the above image... can anyone clarify?
We have marked TRIGGER for 2 candle closing above 5EMAH, which is fine...

At the same time, if you see the previous 2 candles, they also closed above 5EMAH (eventhough one of them is BLACK candle, still it closed above 5EMAH).

Whether that is also valid TRIGGER? Or we need only WHITE candles to close above 5EMAH?

Thanks,
...summasumma

 

[jayan12]

I guess that we need to have two white candles to cross the 5emaH and two black candles to cross in the 5emaL

white(or green) candle ... is known as bullish candle
black (or red) candle to known as bearish candle.

Hope this helps.

 

[jayan12]

Hi,

I have query in the above image... can anyone clarify?
We have marked TRIGGER for 2 candle closing above 5EMAH, which is fine...

At the same time, if you see the previous 2 candles, they also closed above 5EMAH (eventhough one of them is BLACK candle, still it closed above 5EMAH).

Whether that is also valid TRIGGER? Or we need only WHITE candles to close above 5EMAH?

Thanks,
...summasumma

I guess that we need to have two white candles to cross in the 5emaH and two black candles to cross in the 5emaL

white(or green) candle ... is known as bullish candle
black (or red) candle to known as bearish candle.

Hope this helps.

 

[bhaskar145]

Hi,

I have query in the above image... can anyone clarify?
We have marked TRIGGER for 2 candle closing above 5EMAH, which is fine...

At the same time, if you see the previous 2 candles, they also closed above 5EMAH (eventhough one of them is BLACK candle, still it closed above 5EMAH).

Whether that is also valid TRIGGER? Or we need only WHITE candles to close above 5EMAH?

Thanks,
...summasumma

Answering one of the previous enquiry SH clearly mentioned that color of candle is not important. close shd be above/below EMA's.

 

[aryabhatta]

Hi,

I have query in the above image... can anyone clarify?
We have marked TRIGGER for 2 candle closing above 5EMAH, which is fine...

At the same time, if you see the previous 2 candles, they also closed above 5EMAH (eventhough one of them is BLACK candle, still it closed above 5EMAH).

Whether that is also valid TRIGGER? Or we need only WHITE candles to close above 5EMAH?

Thanks,
...summasumma

I believe as per SH's rules the color of the candle doesnt matter. also if you use a charting service other than icharts make sure its reliable.

you may get a few trades which disagree with icharts but if the charting service is realiable those differences will even out over time and should not will not dramatically change the net result by much difference.

 

[gb333]

Hi Tradewithhunter.
Nice work

 

[vikas2659]

no one active today in thread.???

 

[amitava82]

Still waiting for signal...

 

[bhaskar145]

Still waiting for signal...

may be 1030 bar wll bring it............

 

[VJAY]

no one active today in thread.???

all of us here & active vikas....but market not active