SH's Intraday Strategy - ELH5

[Tradewithhunter]

1 loss & 2 profitable trades 2day..................missed one by one point......:

Yes, 2 profitable trades till now (40 points) and one loss trade (8 points)....

One more shorts entered just now closed with 6 point loss.....

Overall 24 point profit today on intraday excluding brokerage of 4 trades.

In Swing, our shorts have moved into profit, will update about them in the main 315 thread.

Cheers
SH

 

[Tradewithhunter]

Hi SH,
So suppose after we miss the LONG trade(entry) by narrow margin and target is HIT after that(20pts)....then we should not take LONG entry even if we get proper LONG trigger and proper entry immediately after that???

Thanks,
...SS

If we miss a long or short by one point ... we do not take the immediate entry when markets pull back to 5 EMAL.

We wait for a new trigger and then trade that new trigger whenever we get the entry.

Cheers
SH

 

[Tradewithhunter]

SH,

IMHO we can enter with one point filter...i.e. if the price comes as close as one point of the entry EMA ,......we enter..... in last one week this is the 3rd time profitable trade was missed bcos of one point.

Yes - I think we can enter a point above 5 EMAL but still keep 20 point SL and target.

This is the 4th time or 5th time that we have missed a profitable entry becuase the correction missed the EMA by one point.

From next time, we will enter a point earlier and see what happens...

Cheers
SH

 

[bhaskar145]

Sorry guys "Thanks" button missing ......... so can't acknowledge....

 

[Tradewithhunter]

Sorry guys "Thanks" button missing ......... so can't acknowledge....

Bhaskar - go remove your thanks from some of the old other posts .... maybe your thanks button will reappear again ... :lol:

Cheers
SH

 

[bhaskar145]

.......................:!

 

[bhaskar145]

Bhaskar - go remove your thanks from some of the old other posts .... maybe your thanks button will reappear again ... :lol:

Cheers
SH

It Workss......................:!

 

[summasumma]

Dear SummaSumma,


Your chart is incorrect, you have plotted 5 EMA(close) instead of 5 EMA (low).

Therefore all your entries and exit are incorrect. Please correct the indicators and post the new charts.

Cheers
SH

Thanks for correcting me SH...
Can you tell me whether the following marking is correct to make my understanding clear in the system?
http://img703.imageshack.us/img703/1707/nf141210.jpg

...SS

 

[san77s]

S.H,
Today till 10.00 am nifty trade bellow Low EMA. During the day SH mention that consider signal once back to channel. I think this rule look like new... Shall we look for a candle open, close inside the channel of High and Low EMA? before a signal..
Please clarify

Regards,
Saravanan

 

[Tradewithhunter]

S.H,
Today till 10.00 am nifty trade bellow Low EMA. During the day SH mention that consider signal once back to channel. I think this rule look like new... Shall we look for a candle open, close inside the channel of High and Low EMA? before a signal..
Please clarify

Regards,
Saravanan

Dear Saravanan - This is not a new rule....I clarified this on second day itself.

Ideally we need atleast one candle close or candle open in the channel which means that we will have a small candle body within the channel...

Cheers
SH