SH's Intraday Strategy - ELH5

[krist]

2 SL hit for me..first one for 3-4 pt loss & second one for 20 paise..:lol:...so as per rules...day over..

Hello friends,
pls explain, if the stop loss is 20 points, how come you lost 3-4 points by hitting SL?

 

[krist]

12.45, 12.50 candles close above 5EMAH.
Will we take 2nd tarde?

 

[Tradewithhunter]

Yeah - first trade given 20 points profit....another buy triggered.

Cheers
SH

 

[VJAY]

Hello friends,
pls explain, if the stop loss is 20 points, how come you lost 3-4 points by hitting SL?

Dear krist,
Please look some charts posted in back pages you can understand it.....

 

[VJAY]

again bought @6023

 

[Tradewithhunter]

Hello friends,
pls explain, if the stop loss is 20 points, how come you lost 3-4 points by hitting SL?

Krist - thats because most of the times we get an opposite trigger before the markets have run 20 points to hit our SL .. we exit before our SL actually getting hit...

20 point SL is for the worst case scenario .... on an average I dont think we actually lose more than 8-10 points on losing trades....

Cheers
SH

 

[VJAY]

again bought @6023

closed @6016

 

[nirubagur]

Yeah - first trade given 20 points profit....another buy triggered.

Cheers
SH

Hi SH,

I'm reading the thread from the beginning and trying to understand the strategy. I have a query on today's trade. The candles of 10:00 and 10:05 both have closed above and below EMAH & EMAL. What type of trade you take in such situation ? Long or short ?

 

[VJAY]

Hi SH,

I'm reading the thread from the beginning and trying to understand the strategy. I have a query on today's trade. The candles of 10:00 and 10:05 both have closed above and below EMAH & EMAL. What type of trade you take in such situation ? Long or short ?

Dear nirubagur,
Hope this helps:
gap up would mean some candle closes above EMAH5 ... please dont take it as a trigger.. we need to wait for Nifty to come back in the channel once and then wait for the trigger.
vice versa for gap down or bars out side of channel

Sure you can get better views from SH also...

 

[aryabhatta]

SH/Vijay/Bhaskar or anyone else can u please tell us the updated results of total pips gain since start of thread?