SH's Intraday Strategy - ELH5

[Tradewithhunter]

hi Vjay,

RYM what if i'm getting into a fresh position?

Fresh position then Yes.

But if already holding longs .. no need to open another long.

Cheers
SH

 

[Tradewithhunter]

look at days 1st trade, which triggered @10.55 bar.

Yeah - I missed that one it gave 20 points profit !!!

 

[VJAY]

Sorry guys for any wrong figures from my end......Am following minifty.there only 1 trade @6013..still holds

 

[Tradewithhunter]

Then how can we define stop for these scrips?

This is something you will have to define based on your risk appetite.... 0.5% of CMP can be used for 5 minutes TF.

By the way ... this strategy should not only work on all stocks, it should work on all time frames as well. :lol:

But we will stick to 5 minutes timeframe for time being.

Cheers
SH

 

[pundit]

Hi,
anyone using investbulls for charting?

not able to get ema(high) ema (low), plz reply

 

[Tradewithhunter]

Todays first trade : 11.35 AM and 11.40 AM bars closed above 5 EMAH so BUY TRIGGER confirmed.

11.55 bar retraced to 5 EMAL so long at 6013 SL 5993 target 6033

Lets see what happens.

Cheers
SH

Booked at 3 PM bar now at 6033 .. 20 points profit :thumb:

Cheers
SH

 

[VJAY]

Booked at 3 PM bar now at 6033 .. 20 points profit :thumb:

Cheers
SH

In minifty 2 trades and both are in loss.......

 

[Tradewithhunter]

In minifty 2 trades and both are in loss.......

Loss ?? Based on this strategy we had 2 trades and both gave profits? Are you sure you have understood this strategy... :lol:

Cheers
SH

 

[bhaskar145]

Booked at 3 PM bar now at 6033 .. 20 points profit :thumb:

Cheers
SH

Hi SH,

Around 14:00 2 consecutive bars closed below 5 EMAL !!!!! what about stop?

 

[Tradewithhunter]

Hi SH,

Around 14:00 2 consecutive bars closed below 5 EMAL !!!!! what about stop?

Please check charts again .... we never had 2 candles closing below 5 EMAL ... we never got a sell trigger today. 2 PM bar was between EMAH and EMAL ....

2.10 bar did close below EMAL , but the next bar closed right at EMAL and not below it .... please check carefully !

Cheers
SH