Pride's Intra-Day Strategy [Profit Everyday]

[lazytrader]

I feel like crying now !!!!!!!

All my efforts gone in vain.

I'm quoting your reply when I tried to warn you about the chart. All my efforts to warn you also went in vain. No one in this forums profits from anyone's loss. Everyone is here to help other traders.

No pain no gain. You can't earn in the stock market without risking money. Get decent charts from your broker which wont cost you extra. Set it up and follow Prides rules. Anyone can make decent returns povided you don't take it lightly and follow the rules.

even then I have to warn you - the markets will test you time and again and when you have a string of losses what will you do? If you would quit then better not to get into the market. Markets reward patience you have to hold on even in hard times.

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.

I think we can live with that difference which u have pointed out.

I appreciate ur effort of this deep study.

I cant do anything to this because, i directly use the yahoo chart, i dont generate my own chart.

For me, i think we can live with this difference.

Also, i am attaching the image of the similarity between the two charts.
http://i26.tinypic.com/15fk476.png

 

[Nanda]

dear Pride,

thank you for this useful post

 

[radha55]

I'm quoting your reply when I tried to warn you about the chart. All my efforts to warn you also went in vain. No one in this forums profits from anyone's loss. Everyone is here to help other traders.

No pain no gain. You can't earn in the stock market without risking money. Get decent charts from your broker which wont cost you extra. Set it up and follow Prides rules. Anyone can make decent returns povided you don't take it lightly and follow the rules.

even then I have to warn you - the markets will test you time and again and when you have a string of losses what will you do? If you would quit then better not to get into the market. Markets reward patience you have to hold on even in hard times.

You took what i wrote in wrong way.
I was unhappy not becuase i used my free charts and lost money.

I was unhappy becuase, i took leave from my office, carefully watching the graph. I observed something. This observation was a mere conindicence which generated profit of 170 points.

When i compared this observations with previous charts of same free yahoo site, they were not following those observations.

I was unhappy because the time and effort i spent in identifying that observations was wasted.

I am still proud that i have made something for free and that will help many people.

Thanks for your suggestion.
I will now enter market only after some months.
In the last 3 days i lost 85% of capital. (i was blindly buying and selling without any analysis)

 

[skr]

Hello,
Since long nobody has posted Pride's trades with InvestBulls charts.
Is there anybody trading with Pride system?
I will be thankful if somebody post trades along with charts to guide new comers.
SKR

 

[radha55]

aggressive long triggered at 12.15 bar high, profit booked now...

I want to know how.

Please post the charts with whatever method you followed.

I would be more than thankful.

 

[Mangafreakz]

@Radha55
You can signup at Investbulls for getting free realtime charts of Nifty Futures. If you are loosing money because of delayed data of yahoo charts which gives 15 mins delayed data of all equities , you can get 1 month subsciption from Investbulls @350/-

 

[radha55]

@Radha55
You can signup at Investbulls for getting free realtime charts of Nifty Futures. If you are loosing money because of delayed data of yahoo charts which gives 15 mins delayed data of all equities , you can get 1 month subsciption from Investbulls @350/-

Thanks for suggestion.

When did i told that i am loosing money beacuse of delayed chart.

The chart which i are refer are not at all delayed.

I do not trade based on charts.

I am trying to learn the chart trading.

I lost money becuase of some blind trading.

As of now, i am not following any trading system in real.

I am however trading many systems on paper to make sure i come with some good trading system.

And i know 350rs is very low.
But i dont want to pay that now, as i am just learning the charts. Once i get 110% assurance that charts trading works perfect i may start subscription.

Free charts will help people do some paper trading and learning.

 

[skr]

Yesterday's Chart

 

[Nanda]

Dear SKR,

Thank you for sharing your yesterday trade with us. I have a doubt in amibroker, ie.how to plot stochastic value in for this method in amibroker.


Thank You

 

[skr]

Hello Nanda,
I am using following code.

_SECTION_BEGIN("Stochastic %K");
_N(Title = StrFormat(" {{DATE}} {{VALUES}}" ));

SK = StochK( 8 , 3);
SD = StochD(8 , 3, 4 );

Colour = IIf(SK < SD, colorRed,IIf(SK > SD, colorGreen,colorYellow));

Plot(SK , "%K", colour, ParamStyle("Style") );
Plot(SD , "%D", colorBlue, ParamStyle("Style") );

PlotShapes(Cross(SK,SD)*401,colorBrightGreen,0,SK);
PlotShapes(Cross(SD,SK)*400,colorRed,0,SD);
_SECTION_END();

SKR