SH's Intraday Strategy - ELH5

[VJAY]

10.30,10.35 Candle closed above 5emah. 10.55 candle hit low ema,
Is this right entry?

There is no trade came if we ignore 1st 2 bars.......IMO

 

[biyasc]

There is no trade came if we ignore 1st 2 bars.......IMO

i think at 10.55 bar, buy triggered @6003, target 6023, stop 5983.

 

[biyasc]

another long entry awaiting............. also chances of moving stop losses at higher place, dont have any clue about adding position. as TWH not yet confirmed this.

 

[twist]

Should we subscribe for jcharts(basic) or jcharts(plus basic) or jcharts (premium) ?

Thanks.

jcharts premium

 

[VJAY]

Dear SH,
If we are long and then again got one more buy signal....can we take it...that time we not hit target of prev holding then what we do there?

 

[biyasc]

at 10.55 bar, buy triggered @6003, target 6023, stop 5983.

this one hit target....:thumb:

 

[biyasc]

another buy triggered @6013.xx, target 6033, stop 5993.

 

[VJAY]

Hi Vijay - the bar which hit the target was 10.50 AM bar .... that bar closed did not close above 5 EMA high however the previous bar did close above 5 EMAH. We need two consecutive candle closes above 5 EMAH for a valid buy trigger... Hence this wasnt a valid trigger therefore no longs at retrace 11.35 bar.

There is no rule of long, short, long .... we take all signals ... on a trending day we might get all long signals only.

Hope this explains.

Cheers
SH

Dear SH,
If that bar closed above ema then can we enter long on retraces...

 

[Tradewithhunter]

Dear SH,
If that bar closed above ema then can we enter long on retraces...

Yes Vjay - we would have then entered on retracement.

Cheers
SH

 

[Tradewithhunter]

Todays first trade : 11.35 AM and 11.40 AM bars closed above 5 EMAH so BUY TRIGGER confirmed.

11.55 bar retraced to 5 EMAL so long at 6013 SL 5993 target 6033

Lets see what happens.

Cheers
SH