SH's Intraday Strategy - ELH5

[sibumajumdar]

one doubt. suppose a buy setup generates, then the price comes down n touches the low ema. we take long position. but soon after that it gives 2 closing below the low ema. then what should be our action ?? should we hold our long or when the price touches high ema, we get our of longs n take short position ??
thanks

Its 20P game. After entry SL below 20P & sell order 20P up....this is what direction of SH.

 

[anuragjais]

Its 20P game. After entry SL below 20P & sell order 20P up....this is what direction of SH.

i know that sir, thats not my question. read the question again.
thanks

 

[risharo]

http://www.image-share.com/ipng-651-175.html 12 may 2011 triggers n entries.

anurag i think you will find the answer in todays chart

 

[crusader]

Thanks for bringing this thread alive with some real trades.

Don't we have a rule that after 2 consecutive bad trades, we stop for the day? Can you also share your P/L for today?

 

[manishbaba]

Originally Posted by anuragjais
one doubt. suppose a buy setup generates, then the price comes down n touches the low ema. we take long position. but soon after that it gives 2 closing below the low ema. then what should be our action ?? should we hold our long or when the price touches high ema, we get our of longs n take short position ??
thanks

Anurag
at this case last signal is the most important. as soon as opposite signal is generated
, sq off the position and wt for the price line to touch the upposite emh to take the reverse action.

 

[risharo]

Thanks for bringing this thread alive with some real trades.

Don't we have a rule that after 2 consecutive bad trades, we stop for the day? Can you also share your P/L for today?

yup..thats s strict rule. i traded bcoz at 11 am iip data came. n bcoz of that our first trade gone wrong. bcoz of certian news.

 

[manishbaba]

 

[risharo]

http://www.image-share.com/ipng-653-113.html 13 may 2011 triggers n entries:thumb::thumb:


i didnt trade one trigger at top near abt 5615 so i havent marked that . bcoz i ws nt expecting more up move. n ws satisfied wid today 70 points

 

[linkon7]

http://www.image-share.com/ipng-653-113.html 13 may 2011 triggers n entries:thumb::thumb:


i didnt trade one trigger at top near abt 5615 so i havent marked that . bcoz i ws nt expecting more up move. n ws satisfied wid today 70 points

great going...! keep it up...!

use this site to upload the image....

http://tinypic.com/

 

[risharo]

http://www.image-share.com/ipng-658-27.html 16 may triggers n entries