Set up : Time Frame : 15 TF Oscillator : STS(9,9,24) WMA: 10 EMA : 34 Trade with min 2/3 lots...

Entry rules Long Trade : 1) + Cross over of STS... 2) Bar should be a green bar closed above 10 WMA On few occasions It is been observed that @ time of cross over the bar formed is RED..hence wait for price to retrace to 34 EMA or a green bar to be formed..( This is particular case when we have GAP up opening) ISL : A pivot based on Pivot system of 5 bar. Mind it not 3 bar pivots; strictly pivot formed by 5 bars. Aggressive traders; those who can afford a ISL of more than 30 pts can initiate trades once + cross over is formed in STS. Conservative traders can skip trade, if pivot is too far from pt of entry. Wait for a new pivot to be formed and initiate a long trade In case of Gap up opening ISL will be low of 1st 15 tf bar TSL : once trade is in our favor TSL is to be shifted to new pivot formed. In strong trending mkt we will be riding the entire move rather than booking out @ 30 pts profit Profit Booking / TGT: 1: 50 % to be booked @ a 1st bar closed below 10 wma.. 2: 100% to be booked when a sell is generated by -ve cross over Few times it may be case that we will get one bar closed below 10 WMA and then mkt resumes its up trend..if we get an other bar close below 10 wma entire position is closed and wait for an other signal.. MOST IMPORTANT 1)No trade is to be initiated if bar is red @ time of cross over of sts 2) Bar has to be closed above 10 WMA..

A position can be carried over night if one understands the mkt momentum.

Why to aim only 200 pts per month..just check the results for last expiry... Regards,

JJM

jjm, so nice of u that u mentioned a very logical, effective day trading method. I m sure about its effectiveness as it is from a seasoned and expert trader. But i have a doubt about isl. What is 5 bar pivot method ? I dont know anything about it. Plz explain it if possible with a chart so that i can try this method from tomorrow itself. Many thnx again.[/quote] Dear Sonila, Attached chart for your ready reference.. Also marked 5 bar pivots... It is very simple to identify these pivots and trail Sls Regards, JJM

1. Role of 34 ema is just to take retracement entry(like rejection entry) Yes 2. Since stoch may initiate long from lower lvls..it does not matter whether 10wma is below 34 ema at the time of entry..only thing to see is candleclose above 10wma(with green candle)..& stoch crossover.. Yes, and for conservative traders then can take all long trades only if 10 WMA is above 34 EMA...vice verse for short .. I haven't back tested + cross over of 10 WMA to 34 EMA. Shld not be a problem 3. In case of 50% exit only candle close below 10wma is required(but nt the stoch crossver)..& candle close & stoch crossover happening next to that shall act as stop (for balance postn) & reverse..Absolutely right.. treat it as SAR Is my understanding on above clear on above points??