Pride's Intra-Day Strategy [Profit Everyday]

[ag_fx]

Rs9 per one side option, this cannot be true. pl verify again from source

That is true...Check our rkglobal.net and reliancemoney....I have both of them and the brokerages are least from all.

 

[kakaji]

wanted to share my chart .....some call it spam.....some say against forum rules....removing

 

[WOD]

I am updating with IB charts itself since everyone is following the same. (People using other charting software will also see the difference with yahoo)

http://img232.imageshack.us/img232/3055/xver.png

If you look at the attached picture (Nifty Spot in both) you will notice that the red rectangle I have marked show the 5,13 EMA crossover after the second red candle whereas in the yahoo the crossover happed after the first red candle.

I now know the why the difference - notice the shape of the candlesticks. See how difference they are. It is because the yahoo charts is not a 5 min chart but a 4min 17 sec chart! Notice the first 5 min candle in the yahoo chart - there are 2! One is a 23 sec candle and other a 4 min 17 sec candle. So in a yahoo chart you have 14 candles/hr which means the 5 EMA takes into consideration the closing prices of past 21.5 minutes instead of 25 mins in a regular 5min chart. The difference is greater in case of 13 EMA.

200% agree with this....

 

[radha55]

hi radha-ji,

are you following the post 1 entry rules exactly or there are some deviations ? are you checking 30 min stoch before going to take the trade based on 5 min stoch and ema c/o ? if not then its a different system, you must backtest it for more days. putting real money based on 2 days of paper trades is dangerous.

its worth spending 350 rs and see the correct charts !!! one false trade can incur bigger loss.

just my view

ok. advice taken. will so paper trading for few more days.

 

[metushar]

will not be trading this unless 30 min stoch comes out of overbought zone.....its been there since yesterday beginning.....

 

[metushar]

Between I backtested BankNifty.....(20th May to 14th July) total 39 trading days, net profit = 928, maximum in a day =152, maximum negative =-82, avergage =23.9, negative days = 11, no trade = 2

Bank Nifty has very high volatility in tersm of returns....will be working on a little tweak to find out when to go aggressive in this,
One thing more, one need to persist in this system and take every trade even after 3 PM irrespective of losses, rarely i got 4 trades in a day, 12 times i got more than 2 trades out of 39.

 

[AMITBE]

wanted to share my chart .....some call it spam.....some say against forum rules....removing

Hi there kakaji,

If you are not promoting any site, which I didn't think you were doing, don't bother with what they say.

If you believe you have something positive to contribute, do go ahead and start a thread of your own and explain what you are exploring and attempting to do.
It is always a great idea to tell how it could be useful to traders.
Then they will follow you keenly and even make useful inputs.

Please don't feel disheartened.
Looking forward to your charts.

With regards.

 

[Sunil]

30min stochs already -ve
5min stoch -ve
5min EMAs close enough, and may turn -ve

let's see

 

[RIZWAN]

firstly, i would like to thank all the members for the positive response that i have received.
I am quoting some important posts which i have compiled from this thread that will help you better understand this system and trade profitably with it.
---------------------------------------------











a small tweak suggested by rajadhiraj:




backtesting by humble:

hello pride i m new here..
N i m unable to getting u what u have make us understand for profit every day. I couldn't find any private message option in this site....can u help me can u give me ur messenger id..my id is [email protected]

 

[metushar]

God these stochastics have made permanent home above 80..