SH's Intraday Strategy - ELH5

[amitava82]

What's the link to access the chat?

 

[msrajendran]

please Add Me too.....
xxxxxxxxxxxx

 

[VJAY]

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......

Thanks RH, u wrote almost what I had in mind... almost identical.. VJAY, pls take the trouble of answering this query...

Dear RK sir &rh,
this is how I traded that day....only as per my understand of this concept..SH will give better answer to this......

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[sach007]

@Aryabhatta please add me to chatxxxxxxxxxxx

 

[Tradewithhunter]

I am not able to open the chat window from my office so wont be able to post comments once I am in office. Will have to stick to TJ forum.

First short trade today has given 20 points profit ( 6173 to 6153).

Second shorts entered at 6161 now target 6141

Cheers
SH

 

[aryabhatta]

I am not able to open the chat window from my office so wont be able to post comments once I am in office. Will have to stick to TJ forum.

First short trade today has given 20 points profit ( 6173 to 6153).

Second shorts entered at 6161 now target 6141

Cheers
SH

SH is it because of firewall?

 

[VJAY]

I am not able to open the chat window from my office so wont be able to post comments once I am in office. Will have to stick to TJ forum.

First short trade today has given 20 points profit ( 6173 to 6153).

Second shorts entered at 6161 now target 6141

Cheers
SH

Dear SH,
2nd trade not hit s/l(6165)...?now am long @6161....

 

[amitava82]

SH, can you open this link?
http://webchat.freenode.net?channels=ELH5
We will mode chat to irc if you can.

 

[rkkarnani]

Dear RK sir &rh,
this is how I traded that day....only as per my understand of this concept..SH will give better answer to this......

[/URL] Uploaded with ImageShack.us[/IMG]

Thanks Vjay, I agree its a good way to treat a close by giving it some "room"... Thanks again for the time taken to attend to this query.

 

[rkkarnani]

A suggestion: May be of use to many here if the "CHAT" for the day in the Chat-Room is posted here for all others. May be done post closing. Thanks.