SH's Intraday Strategy - ELH5

[pundit]

tks Sh and everyone else, chatroom is almost ready it is very fast and i have set it up with large visible fonts and date and time stamps for every post so we know when posts were made for trades. also it is set up with a log which means even if you log out and log in later you will be able to see all the chat that took place for past few days ..... even.

Only thing that remains is to decide whether to keep it open to everyone or to only members (need to log in) if we keep it open to everyone disadvantage is we may get people who just enter to create trouble or ask very basic questions without bothering to read the the thread but advantage is its accessable to everyone.

if we keep it invite only then disadvantage is members will be few but advantage is we know all the members in the room so no one can come and spam and also only those who are actually seriously trading the strategy will be there.

Also just so that there's no misunderstanding in either case (members only or everyone) it is 100% free forever or as long as people use the strategy and would like to get together for live trading withour beign interuppted or waiting for replies like in forum.

please SH and everyone else interested please give ur opinion

I am also planning to have a few pages which detail the strategy on the chat itself as well as any imp Q&A sessions we have that you guys want posted.

also if any other members will volunteer we can have moderators (just in case someone creates trouble and disturbs everyone) and also assign few members to update the daily results in tabular form.

so in short a complete solution :thumb:

please voice ur opinions also if interest is not much or people prefer the forum we can discontine the idea and use the forum which is not RT but also ok.

tks

It should be better if chat room is for members only, plz don't forget to include me

 

[pumajay]

So even the daily charts update moved to chatroom already ?
Is this thread down for good ???

 

[aryabhatta]

this thread is not at all down it will always be active as long as strategy is being traded or SH closes the thread

chat will be ready for monday morning

 

[jayan12]

this thread is not at all down it will always be active as long as strategy is being traded or SH closes the thread

chat will be ready for monday morning

Please remember to add me.

thanks

 

[knarkhede]

this thread is not at all down it will always be active as long as strategy is being traded or SH closes the thread

chat will be ready for monday morning

Hi,

Please add me to the chat room.

thanks

 

[rkkarnani]

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

Hi, Visited Traderji after a long gap... nice to see that you are continuing with your good work of "sharing" easy and simple strategies!!
Went through the thread and found that this one here also seems to be an easy and effective method for scalping intraday.
Have a question about your above trade (did not see it in the chart as the same is not handy at present) : In The above trade we entered long at 6047, so our ESL was 6027. The price went upto 6063,missing the target by ~4 points. Now second trade was short at 6042 and that did target.

Now my question is that why we closed (exited) the long at 6047 and not at 6042 where we had a "short" trade?

 

[rh6996]

Maybe we move our SL to "cost" once the trade has moved 15 points in our direction!!

 

[VJAY]

Hi, Visited Traderji after a long gap... nice to see that you are continuing with your good work of "sharing" easy and simple strategies!!
Went through the thread and found that this one here also seems to be an easy and effective method for scalping intraday.
Have a question about your above trade (did not see it in the chart as the same is not handy at present) : In The above trade we entered long at 6047, so our ESL was 6027. The price went upto 6063,missing the target by ~4 points. Now second trade was short at 6042 and that did target.

Now my question is that why we closed (exited) the long at 6047 and not at 6042 where we had a "short" trade?

Dear rkkarnani sir,
Welcome back....nice to see you again in TJ.........
about your Q...we exit our trades when we get opposit trigger and exit @ close of that bar.....but entry is always after getting trigger and price touch the opposit emaL/H .....hope I eloberated it correct....

 

[Tradewithhunter]

First trade today (long at 6155 @ 10.20 bar) gave 20 point profit.

Second trade (long at 6173 @ 13.05 bar) running with target 6193 (SL 6153 or sell trigger whichever comes earlier)

Cheers
SH

 

[rh6996]

Dear rkkarnani sir,
Welcome back....nice to see you again in TJ.........
about your Q...we exit our trades when we get opposit trigger and exit @ close of that bar.....but entry is always after getting trigger and price touch the opposit emaL/H .....hope I eloberated it correct....

Thanx VJ, I am writing what I hv understood... the day in question...please confirm if I have understood it correctly....

9:25 and 9:30 AM bars close above 5EMA High.
9:40 bar retraces to 5EMA Lo, we go long ~6046

11:40 and 11:45 AM bars Close below the 5 MA Lo, we exit our long on close of 11:45 AM bar , at ~6051
We now wait for the Short call entry on retracement to 5 EMA high which happens on 12:40 PM bar at ~6041 and this trade does target at 1:40

Now 1:40 and 1:45 bars close below 5 EMA , we wait for retracement to 5 EMA high, and that happens on bar at 2:20 and level is ~6019,(ESL 6039)

Now please read this query carefully... 2:55 and 3:00 PM bars close above 5 EMA,what do we do now.. do we exit our short and go long on 3:05 bar that retraces to 5 EMA Low......