SH's Intraday Strategy - ELH5

[Tradewithhunter]

Thanks FAnatic trader for posting the charts .....:thumb:

Cheers
SH

 

[HULK]

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Dear SH / FanatciTrader

Chek again the below Image out of 3 trade 2 Got SL hit as per SH rule after entry in Short trade if candle close above 5 EMAH we should exit (Note:- Time mentioned on chart is Candle close time not the open Time )


And also not that this is not border case from a clear naked eye view we can see that candle close above 5 EMAH

Correct ME if I am wrong?

Also note that as per SH rule if 2 Continues SL hit in day, we should stop trading. In that case as you had mentioned that in 3 trade you gain + 60 Point but as per chart we have to end our day trading @ 12 O’ Clock with 2 Loss trade.

HULK

 

[akrsrivastava]

I believe that we should have two closes above EMAH5 for a SL trigger(and consequently a trigger for a reverse trade). The candle you have marked has closed above EMAH5, but the next one seems to have closed below EMAH.
Amit

Dear SH / FanatciTrader

Chek again the below Image out of 3 trade 2 Got SL hit as per SH rule after entry in Short trade if candle close above 5 EMAH we should exit (Note:- Time mentioned on chart is Candle close time not the open Time )

And also not that this is not border case from a clear naked eye view we can see that candle close above 5 EMAH

Correct ME if I am wrong


HULK

 

[FanaticTrader]

Dear SH / FanatciTrader

Chek again the below Image out of 3 trade 2 Got SL hit as per SH rule after entry in Short trade if candle close above 5 EMAH we should exit (Note:- Time mentioned on chart is Candle close time not the open Time )


And also not that this is not border case from a clear naked eye view we can see that candle close above 5 EMAH

Correct ME if I am wrong?

Also note that as per SH rule if 2 Continues SL hit in day, we should stop trading. In that case as you had mentioned that in 3 trade you gain + 60 Point but as per chart we have to end our day trading @ 12 O Clock with 2 Loss trade.

HULK

Thanks for your post HULK. But I guess if there are two continuous candle close above or below EMAH or EMAL (depending on what trade are you in) only then you should close your positions.

TH - Please correct me if I am wrong my understanding here

 

[jayan12]

Date 31-01-2011

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

 

[jayan12]

Does anyone have January ELH5 net result?

 

[FanaticTrader]

Frnds,

I missed out on posting ELH5 chart for 31st as I was travelling I will post today's chart along with positions from yesterday's session.



So far this strategy looks interesting. Thanks to TH for posting such a simple yet powerful intra-day method to trade.

 

[trade4joisar]

Thanks FAnatic trader for posting the charts .....:thumb:

Cheers
SH

Today's ELH5 min chart .
http://img717.imageshack.us/i/elh5j.jpg/

It was my 1st day with this strategy.

Though my SL triggerd. But i really liked this strategy :clap:

 

[nazimrushda]

Hi friends pls upload chart for feb 1st&2nd.

 

[devadas]

Please sum up the New Rules once again