Pride's Intra-Day Strategy [Profit Everyday]

[metushar]

shorted at close of 12.30 bar....

 

[metushar]

closed now...

 

[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.

It is quite possible these approach works in only trending market. To be 100% sure i will check these on volatile days as well.

 

[manojkch]

Yes Radha ji ... I also agree to you. Backtesting needed. Also I think one can try 5 min pivots to exits after entry. In trending days it will give big profits. ( Though in trading range we may get small loss or break even).It will also need backtesting.

But your observation on not to exiting on just a crossover of stoc is acceptable.

Thanks
Manoj

 

[radha55]

if i am right, markets will again fall else crossover ready for buy.

 

[metushar]

Buying will not be as per method, 30 min stoch down...

 

[prabit]

if i am right, markets will again fall else crossover ready for buy.

30m chart yet to give buy trigger

 

[radha55]

hehehe.. I am wrong. Market didnt fell this time, but crossover happened.
So as per suggestion which i told few post back, this is the right time to exit for our short at 11:00 am.

I have also observed one more point in todays market which gives us ealry exit signal for our short at 11:00 am.

I will post that after market hours.

i am a paper trader

 

[manojkch]

Why there is so less participation in this thread. Seniors are also not there to guide / educate ? Why????

 

[radha55]

is new short getting generated.