SH's Intraday Strategy - ELH5

[Tradewithhunter]

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

Yes second trade gave SL 5 points ......

Third long at 6161 gave 20 points profit at 6181 ...

Cheers
SH

 

[sumosanammain]

Just to see if I have the system correct, did we have 2 small stops yesterday and stop trading?

 

[VJAY]

Just to see if I have the system correct, did we have 2 small stops yesterday and stop trading?

yes.....if we hit consecutive 2 loss trades then no trades for that day....this loss is 20+20 or small....no deference....

4TH TRADE IN PROGRESS BOUGHT @6194

 

[VJAY]

Out @6190....

 

[sumosanammain]

Can someone give any ratios? like no of trades. Wins. Lessons. ?

 

[sumosanammain]

Are we looking to go short around 6185 or so? do we trade so late?

 

[Tradewithhunter]

Yes second trade gave SL 5 points ......

Third long at 6161 gave 20 points profit at 6181 ...

Cheers
SH

4th trade gave 4 point loss, 5th trade gave 20 point profit (6195 to 6175)

Cheers
SH

 

[sumosanammain]

4th trade gave 4 point loss, 5th trade gave 20 point profit (6195 to 6175)

Cheers
SH

Do we enter upto 1:20 away from the ema, or has it adjusted to where it is now, and was at your price when you executed. If so, this system cannot be backtested.

Only forward tested.
True?

 

[VJAY]

4th trade gave 4 point loss, 5th trade gave 20 point profit (6195 to 6175)

Cheers
SH

for me 5th trade not come....not touch of emah....

 

[naveenvadavadagi]

4th trade gave 4 point loss, 5th trade gave 20 point profit (6195 to 6175)

Cheers
SH

Hi,

This one copied from Chat as traded by Varun and does match with SH's trade..

Varunsurat: +20-5+20-4+20=60-9=51..happy ending ..