SH's Intraday Strategy - ELH5

[Tradewithhunter]

yes exactly this was the first trade which gave 20 point profit.

Second trade is short at 6187 which has been taken.

Cheers
SH

Covered at 6067 .. second trade also gave 20 points profit.

Now waiting for fresh trigger.

Cheers
SH

 

[sujittalukder]

Dear SH,
I have one query.
When the entry price happen? immediately a candle touching the 5EMA-Low for after a bullish trigger And vice versa for Sell?
That is to say,

Suppose two candles closed outside 5EMA High and then next some candles renages between the band say next three candles. Then the fourth candle, opened between the band and touched the low and moved up closed closed above the open or anywhere.

My query is: Should we buy immediately on touching the EMA low without waiting for the candle to close or we should wait for the candle to close and then take the position?

regards

 

[sekhar20032000]

Dear Aryabhatta,

Pls add me in the chat room. My gmail id is : xxxxxxxxxxxx

Regards,
Sekhar Babu

 

[Tradewithhunter]

Covered at 6067 .. second trade also gave 20 points profit.

Now waiting for fresh trigger.

Cheers
SH

Third trade long from 6061 ..waiting for 6081 target.

Cheers
SH

 

[vikas2659]

Third trade long from 6061 ..waiting for 6081 target.

Cheers
SH

SH sir...how come??? 2.20 pm candle has nt closed above 5emah...pl check OHLC charts...& pl rectify if i hv been wrong....

 

[Tradewithhunter]

Third trade long from 6061 ..waiting for 6081 target.

Cheers
SH

Booked at 6081 - total 60 points in 3 trades today

Cheers
SH

 

[vikas2659]

rather i took short trade on the basis of 1.45 & 1.50 candles..

 

[Tradewithhunter]

SH sir...how come??? 2.20 pm candle has nt closed above 5emah...pl check OHLC charts...& pl rectify if i hv been wrong....

Vikas - it has closed above 5 EMAH ...borderline case but I took the longs ...

Cheers
SH

 

[Tradewithhunter]

Vikas - it has closed above 5 EMAH ...borderline case but I took the longs ...

Cheers
SH

Oh yes - that was a short at 6064 which was exited at 6068.

3 trades for 60 points and 1 loss trade for 4 point.

Cheers
SH

 

[alroyraj]

Is it me or are there many borderline cases....On my charts the short signal was there but no touch was there to take the position.The final long was there. Anyways practice,practice,practice...The cool part was to start with this system the risk was 20 points and gain 20 points so Risk to Reward was 1:1 now it is 5:20 or 1:4...

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