SH's Intraday Strategy - ELH5

[alroyraj]

Can you please mark on the chart to which short you are reffering to.

THunter said this "Oh yes - that was a short at 6064 which was exited at 6068"
But it did not appear in mt chart. He said it was discretionary means strictly not according to the rules. Will see if I can mark it and repost. It is the short after the 2 closes at around 1:40.
Dont worry it is not so relevant first 2 trades were in profit as per the chart.

 

[alroyraj]

xxxxxxj@gmail. com

 

[razx5]

guys request u to please not use anon name in the chat, please use ur traderji id, there are to many anons in the room.

i have added everyone who pm'd me or wrote a post in the thread

trade well , 3 cheers to SH :thumb:

how to join the chat?add me if u can..id is xxxxx

 

[rrmhatre72]

please add me in chat room my gmail id is xxxxxxxxx

pls add me in chat room my id xxxxxxxxxxxxx

 

[vikas2659]

hi everyone, today we had first trade as profitable trade= 20 pts...second one resulted in loss of approx 4 pts & third trade 20 pt loss...so after 2 consective SL...trading was stopped..net summary as on date is..

Date Profit/Loss Total
January 03, 2010 -10 -10 ( 2 trades)
January 04, 2010 +70 +60 ( 6 trades)
January 05, 2010 +6 +67 ( 3 trades)
January 06, 2010 +40 +107 ( 2 trades)
January 07, 2010 -4 +103 ( 3 trades)

 

[aryabhatta]

hi arya,

I am not able to connect live trading chat.Do i need change any settings? I am connecting from office.

no need for any settings, maybe u have a firewall in ur office, all added except razx5 (only gmail site doesn't accept yahoo)

guys .... please ..... the thread is being filled up by posts with email for entry requests into live chat trading room, someone pointed out in chat this maybe against traderji rules also its slowing down SH's thread.

From this point on I'm forced not to entertain requests for entry to live trading room which are posted in the thread. Please pm them so as not to disrupt flow of thread and inconvenience any member following the thread.

thx for understanding.

 

[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

 

[Tradewithhunter]

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

entry happens as soon as EMAH or EMAL is touched.... no need to wait for candle close in this case.

Cheers
SH

 

[umeshmandal]

hi everyone, today we had first trade as profitable trade= 20 pts...second one resulted in loss of approx 4 pts & third trade 20 pt loss...so after 2 consective SL...trading was stopped..net summary as on date is..

Date Profit/Loss Total
January 03, 2010 -10 -10 ( 2 trades)
January 04, 2010 +70 +60 ( 6 trades)
January 05, 2010 +6 +67 ( 3 trades)
January 06, 2010 +40 +107 ( 2 trades)
January 07, 2010 -4 +103 ( 3 trades)

Seems I have missed something in the rules.. I was under the impression that we exit our trades at 20 point Profit... but ,say as on jan6, we had 2 trades resulting in a profit of +40 and + 107... does it mean we continue the trade till it is reversed or SL is hit??? Thanks for your patience.

 

[amit yadav]

Hi..!! Umesh, yOu dint miss anything in rules but it seems like you are cOnfused by calculation, plzzz...try to understand it like this:
Date...................Profit/Loss.........Total
January 03, 2010 -10 ( 2 trades) = -10
January 04, 2010 +70 ( 6 trades) = +60
January 05, 2010 +6 ( 3 trades) = +67
January 06, 2010 +40 ( 2 trades) = +107
January 07, 2010 -4 ( 3 trades) = +103

On 6th jan its 2 trades of +20, +20 resulting +40 points for the day.
And +107 is total points earned from jan 3 to jan 6, hope you got it this way.
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Cheers! SH rOcks...