SH's Intraday Strategy - ELH5

[tamcoo]

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.
..........................................................................................................................................................................................................................................
Cheers! SH rOcks...

Thanks Umeshji/Amitji !!!
Jab aap log itna hi kar rahe ho to, plz Std Brokerage bhi effect me le lo

 

[amit yadav]

Hi..!! Tamcooji,
yOu should thank vikas for it....please gO to page 75, post #745 and use thanks...!!
And by the way dont forget to thank SH, add stars to this thread for his great efforts...:clapping:
As far as Brokerage is cOncerned, well brOther yOu are alsO supposed to do sOmething....isnt it?....
Thanks!

 

[jtrader]

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)

To add to Vikas's Trade Log above. Today was -36 points loss ( Please amend if this is not correct). It was very volatile day today. Stopped trading as per the rules ( 2 consecutive losses and stop trading for the day).

So total so far:

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)
January 10, 2010 -36 +67 (2 trades)

Please Note: Above points are without the tax/brokerage..

 

[vikas2659]

Thanx for others taking intitiative to update trade log..due to family urgency i cud nt trade today bt from chatroom archive i cud read today loss of 36 pts..never mind..hum honge kamyaab mahine mein zyada din..Cheers..:thumb:

 

[umeshmandal]

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.
..........................................................................................................................................................................................................................................
Cheers! SH rOcks...

Thanx........ shud have understood earlier...

 

[sumosanammain]

To add to Vikas's Trade Log above. Today was -36 points loss ( Please amend if this is not correct). It was very volatile day today. Stopped trading as per the rules ( 2 consecutive losses and stop trading for the day).

So total so far:

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)
January 10, 2010 -36 +67 (2 trades)

Please Note: Above points are without the tax/brokerage..

So, technically, accounting for brokerage, we are in a small negligible loss. Right?

One question. If we have a short, and the price penetrates the MA band on the upside and closes beyond it for 2 consecutive bars, we close the short at the closing of the second bar, right?

Also, is consecutive bars required?

 

[tamcoo]

Hi..!! Tamcooji,
yOu should thank vikas for it....please gO to page 75, post #745 and use thanks...!!
And by the way dont forget to thank SH, add stars to this thread for his great efforts...:clapping:
As far as Brokerage is cOncerned, well brOther yOu are alsO supposed to do sOmething....isnt it?....
Thanks!

Amitji !!! Many Many Thanks to you also alongwith SHji & Vikashji.

However, We are already thanking by heart to them - specially to SH:clapping:. Especial thanks goes to SH - not for this wonderful stragegy but to Share this amazing stragegy with all of us. Not-all-in-this-world behaves such!

As far as mine is concerned, i am not as good in TA as you peoples are. However will try my best for any post.

 

[jtrader]

So, technically, accounting for brokerage, we are in a small negligible loss. Right?

One question. If we have a short, and the price penetrates the MA band on the upside and closes beyond it for 2 consecutive bars, we close the short at the closing of the second bar, right?

Also, is consecutive bars required?

Yes, if we are short and price closes above the upper EMA for 2 consecutive bars then we close the open short trade if it has not reached the stop loss.

As far as I know from the rules consecutive bars are required.

 

[makintosh]

Yes tamcoo ji! u r absolutely right... Not-all-in-this-world behaves such... like SH! Thanks a lot SHji...

 

[kamalkishoreit]

From today onwards, I'll post a link for nifty future charts.

http://img12.imageshack.us/f/nf11jan2010.png/