SH's Intraday Strategy - ELH5
- Thread starter Tradewithhunter
- Start date
my target not hit on mnf
...
Dear sh,ru move our buy limit order @emaL (if we had buy trigger) if it fluctuates with market/every bar?please guide how you manage it?
...Dear sh,ru move our buy limit order @emaL (if we had buy trigger) if it fluctuates with market/every bar?please guide how you manage it?
If you are 2-3 points away from your target ...you can exit now ...
I usually wait for 3 EMAL to touch and buy immediately .. sometimes I punch in a limit buy order at 5 EMAL and keep changing it with every candle...
Cheers
SH
Hi Friends,
Many fellow traders have asked me to share an intraday strategy which can generate some consistent returns.
Though I do not trade intraday, however I would like to share a strategy which I call ELH5. This is a momentum based strategy and I have seen it working pretty effectively. As usual, like my other strategies, its a simple strategy which requires no complex indicators.
Please note : At this stage, this is just a strategy and not a system. This is an attempt to develop it as a system hence all feedback is welcome.
I will explain the basics of this strategy in my next post. As a teaser, I am posting the charts based on which this strategy works. This is a Nifty Futures 5 minutes charts for last 3 days with 2 EMAs plotted. I would like to know if anyone can spot some recurring patterns on this chart which can be exploited for trading... Cmon guys .. get your thinking cap on and post what you see on charts!
Cheers
SH
Many fellow traders have asked me to share an intraday strategy which can generate some consistent returns.
Though I do not trade intraday, however I would like to share a strategy which I call ELH5. This is a momentum based strategy and I have seen it working pretty effectively. As usual, like my other strategies, its a simple strategy which requires no complex indicators.
Please note : At this stage, this is just a strategy and not a system. This is an attempt to develop it as a system hence all feedback is welcome.
I will explain the basics of this strategy in my next post. As a teaser, I am posting the charts based on which this strategy works. This is a Nifty Futures 5 minutes charts for last 3 days with 2 EMAs plotted. I would like to know if anyone can spot some recurring patterns on this chart which can be exploited for trading... Cmon guys .. get your thinking cap on and post what you see on charts!
Cheers
SH
stumbled upon this thread very late!!.Great to see that such simple systems not only brings in discipline in newbies ,also builds confidence which is the key to punch next order!!.
People with greed will be caught very soon in the market.But people who catch small gains consistently can go long way. Exa: Elephant tries to loot entire paddy fields and get caught soon whereas ants pick grain by grain and live happily without being caught.
hope for the great success to this strategy.
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