Pride's Intra-Day Strategy [Profit Everyday]

[radha55]

Hello Radha55,
From whigh sight you are taking this chart?
SKR

i am using

http: // rtcharts.110mb . com

 

[radha55]

yes no long position atleast till 12, strictly as per method....
Pride has left this thread it seems....

You are right.

It seems no crossover is going to take place for another half hour

 

[skr]

Short @ 4238.50
Exit @ 4246.30
Loss = 10.8 pts including Brokerage
??????
How to upload charts?

 

[skr]

Hello Radha55,
Chart you are using is chart of Cash Nifty & not Future.
You will find difference in values of both.

SKR

 

[skr]

Pl Check this chart

 

[skr]

no long trades when stoch is overbought and no short trades when stoch is oversold. doesn't matter whether it's 5min or 30min.

This is opinion of expert
No short trade

 

[radha55]

buy about to generate.

 

[radha55]

there is heavy fall. so i think again half hour no crossover for buy.

 

[Mangafreakz]

Pl Check this chart

What Chart/Broker service u using ?

 

[radha55]

I have small suggestion on this theory.

I think we should buy or sell on 5EMA crossover to 13EMA.

But we should not square off based on stochastic.

We should wait for two conditions (if anyone get satisfied we may squareoff our position)

Condition 1: If we have sold, then wait for 5EMA to move back over 13EMA and vice versa for buy.

Condition 2 : If we have sold, then wait for Fast Stochastic both line to enter in OB zone (above 75-80) and vice versa for buy.

With this less call will be generated but will give long profit. (as it is happening in today's market)

I will paper trade with these for some more days.