SH's Intraday Strategy - ELH5

[Tradewithhunter]

Today 4 trades based on this system

Long at 10.15 AM bar - profit booked 20 points.
Long at 11.50 AM bar - loss booked 20 points
Short at 1.05 PM bar - profit booked 20 points
Short at 2.15 PM bar - profit booked 20 points

Net profit of the day 40 points (excluding brokerage)

Cheers
SH

Charts added for yesterday marked with all trades above. There was a third short entry also possible 2.45 PM bar which I did not take since 5 EMAH was not fully touched.

Small amendment in above, the second long gave only 10 point loss and not 20. So profit from yesterday was again around 50 points.

This means that we are 150+ points in profit in last 5 trading days.:thumb:

Lets see what today brings.

http://img252.imageshack.us/img252/1433/screenhunter01dec070850.gif
Cheers
SH

 

[vikas2659]

u r too genious in making simple strategies that work...

 

[VJAY]

Today 4 trades based on this system

Long at 10.15 AM bar - profit booked 20 points.
Long at 11.50 AM bar - loss booked 20 points
Short at 1.05 PM bar - profit booked 20 points
Short at 2.15 PM bar - profit booked 20 points

Net profit of the day 40 points (excluding brokerage)

Cheers
SH

Dear Sh,
Thanks for your updates....am not in trading yesterday...so missed all actions....

 

[VJAY]

so short @ 9.45 bar (6000)

 

[Tradewithhunter]

so short @ 9.45 bar (6000)

yes ..actually at 5998

Cheers
SH

 

[VJAY]

yes ..actually at 5998

Cheers
SH

Yes data deiference IBC Vs I chart.... here it 5999.74

 

[bhaskar145]

yes data deiference ibc vs i chart.... here it 5999.74

tt ...5999.................

 

[Tradewithhunter]

tt ...5999.................

a couple of point here and there doesnt mean much ..... I actually inputted sell at 5998 when the Sell trigger generated...by the time the pullback happened .. the 5 EMAH moved slightly up to 5999ish... but since my sell order was at 5998 it got filled.

Cheers
SH

 

[pundit]

Live update the software when you start the mt4 and after updating load the nifty chart..

I did not get any option for live update the software.

 

[VJAY]

a couple of point here and there doesnt mean much ..... I actually inputted sell at 5998 when the Sell trigger generated...by the time the pullback happened .. the 5 EMAH moved slightly up to 5999ish... but since my sell order was at 5998 it got filled.

Cheers
SH

Dear SH,
In minifty...this strategy given loss from 1st dec....yes it in profit in Nf...how we manage it?