SH's Intraday Strategy - ELH5

[VJAY]

1 Long in the morning at 6047 missed the 20 point target by 4 points .... and closed at 6047 itself.

Second trade was short at 6042 and that has hit our 20 point profit target at 6023.

Now again short at 6020 and holding....

Cheers
SH

Dear SH,
1st trade taken due to 1st bar opened inside range?

 

[mmca2006]

1 Long in the morning at 6047 missed the 20 point target by 4 points .... and closed at 6047 itself.

Second trade was short at 6042 and that has hit our 20 point profit target at 6023.

Now again short at 6020 and holding....

Cheers
SH

Thanks SH for your ELH5,:thumb: I think this strategy is also applicable for banknifty future, reliance, icici, dlf etc. both in cash and future. I am interested to know what should be SL and Target price For banknifty future
( for bank nifty ,I apply 40 POINTS ,is it correct?) and other stocks mentioned above.

 

[aryabhatta]

zerodha is best for all u guys..20 per order irrsepective of number of lots

tks Razx 0dha is definitely one of the cheap brokerages but even with 0dha for 1 lot nifty brokerage comes to 2.74 (almost 3 point) on 20 point sl / tp its around 1.4% of profit or loss which goes in brokerage.

 

[pundit]

Assume 2 trades a day at a minimum because of the two loss stop trading rule so we have 18*2= 36 trades

Now many days have also given 3 trades so lets assume have the total number of trading days had three trades so we have half of 18 which is 9 so, 9 days had three trades so add 9 to the above which gives us 9+36=45 trades

Now brokerage per trade can safely be assumed at 3 points per trade so total brokerage is (45*3)= 135 points paid in brokerage

So that leave s us with = 343-135 = 208 points .

some people will have a slightly different result so lets assume 200 points.

If brokerage can be reduced as i have said earlier it will dramatically change the profitability of the results.

with say 25k a/c which should be the minimum to trade 1 lot (we need to have soem margin for fluctuations and emergencies even though intraday margin is only 12k) we gain 10k a month which is around a 40% gain per month which is really outstanding. In 3-5 years you would have a very large a/c.

thks SH

note: if anyone knows a broker who gives brokerage of 1.5 or 2.0 points per lot please let us know. As i said earlier brokerage makes a huge difference

Go with Zerodha... either 0.01 % per trade or Rs 20 per trade ( lot size doesn't matter) choice is urs.

Services are very good..

recently shifted to Zerodha from Indiabulls even my brokerage with Indiabulls was 0.1 and 0.01 respectively for delivery and interday.

 

[pundit]

tks Razx 0dha is definitely one of the cheap brokerages but even with 0dha for 1 lot nifty brokerage comes to 2.74 (almost 3 point) on 20 point sl / tp its around 1.4% of profit or loss which goes in brokerage.

but here if you trade with 1 or 10 lots at once brokerage will be Rs 20 only..

 

[razx5]

tks Razx 0dha is definitely one of the cheap brokerages but even with 0dha for 1 lot nifty brokerage comes to 2.74 (almost 3 point) on 20 point sl / tp its around 1.4% of profit or loss which goes in brokerage.

trade atleast 3 or more lots

 

[jayan12]

trade atleast 3 or more lots

Do all brokers charge the same CLEARANCE CHARGE? or it changes from broker to broker?

 

[aryabhatta]

with SH's permission and if we have any interest i was thinking we could start a chat room only for this strategy

 

[krist]

with SH's permission and if we have any interest i was thinking we could start a chat room only for this strategy

Count me In!

 

[razx5]

Do all brokers charge the same CLEARANCE CHARGE? or it changes from broker to broker?

no idea..i jus know u require 5% margin for trading intraday and 10% for carryforward..zerodha cuts all ur intrady marginn positions by 3.10 p.m..biggest disadvantage