@Sekhar.
Never mind. It is just: When I see threads which start with a title like: Best of what ever, and then read some thing like this: 15Min time frame with 5 EMA & 20 EMA system is best trading strategy for Intraday, then I really get a bit wild. And this specially when the recommendation then ends with the words: It works out best in Range Bound market also , then I really explode. :lol:
Sorry, but who the hell could write such nonsense in a trading forum under such a title, instead being normal and ask if it makes sense to use those and those EMAs under those and those circumstances and pleases other to share there thoughts?
Now anyway, some have posted some ideas in your thread and that is fine the way they did it. Hope you learned some thing through there post. One way to fine tune any trading system or trading style is to work at the same time with three open charts on your screen. Any normal trading platform will give you that possibility. As you mentioned intraday, on one chart you use f.e the 5 min tf, on the other chart you use the 15 min tf and on the third chart you use the 180 min tf. You chose what ever time frame you like, as there is no best or what so ever. It all depends on your experience and the results you did or will have over the time the way you used it. At begin you have to play around with it and you even can start with the tf given here.
As you now see in front of you those charts, you will have a better overall look at what is going on in the market you trade. Now you use f.e your EMAs on the 15 min tf and and on the other tf you use some different MAs or what ever indicator you like. No sense for me to write down now every detail of that or how I do it, as there are endless combination you can use. What works for me not necessary works with you. Also here: Play around with it and you will find out what you understand and will use. I also had and did most of it in that way, as the final choice and best for me to use not was presented on a silver tablet.
To come to an end: On the smallest tf you time your entries, on the middle tf you define actual day trends, which will allow you to see if the market moves sideways, and the biggest tf is used to see at all the time the whole picture of your market.
Now I wish you good luck and many good trades
DanPickUp