Pride's Intra-Day Strategy [Profit Everyday]

[kainiteh]

I find with Prides system Stoch 7-10-4 (LBR) better compared to Stoch 8-3-4. Former filters weak trades.

Stochastics is momentum indicator,which react to "rate of change" in price.
we could change stochastics parameter so that it indicate change in price within one or two bar reversal

i am using 8,5,4 for selected volatile scrip for 15 min data
so make your comfortable setting,but pride setup stochastics
is one of best for nitfty and minifty

Have safe trade!

 

[kainiteh]

Yes but we should follow strict stop loss rule of pride.:annoyed:

Hello,
wise trader put stoploss to save captial and also fear!
I always practicing TR-1B for stoploss and for money management
i put trailing stop where pride setup exits to maximize my profit by
riskng some points on profit,hence i'm newbie,learning and small trader!

What about your stoploss and money management strategy?

 

[watcher]

THERE WERE TWO SHORT TRADES INITIATED TODAY THE FIRT BEING AT 4977. AFTER DEDUCTION OF BROKERAGE AND OTHER TAXES I AM IN THE RED TODAY, THOUGH VERY NOMINALLY. BUT I FEEL THAT THE HYPOTHESIS THAT THERE WILL BE NO RED DAY, IS NOT CORRECT. I WOULD LIKE TO STAND CORRECTED.

 

[Sunil]

thanks a lot sir...
it seems u use trade tiger for these charts.
i also use trade tiger
but theres a problem when i try to get the 30 min chart stoch line disappers

Same problem here...

I hope you have selected the time-period of the chart as "3day" or "5day" instead of just the current trading session.

 

[Sunil]

THERE WERE TWO SHORT TRADES INITIATED TODAY THE FIRT BEING AT 4977. AFTER DEDUCTION OF BROKERAGE AND OTHER TAXES I AM IN THE RED TODAY, THOUGH VERY NOMINALLY. BUT I FEEL THAT THE HYPOTHESIS THAT THERE WILL BE NO RED DAY, IS NOT CORRECT. I WOULD LIKE TO STAND CORRECTED.

If the method is followed strictly, as mentioned in the first post, then it is prone to many whipsaws (from NF's perspective)

But the stochs parameters & the EMAs are very good settings, and they have been adopted by some traders to suit their style & observations.
:thumb: to Pride.

Refer these:
1

2



This is as per Smart_trade's recommendation:

 

[watcher]

hI,
Could not open the image, tired copying the address and opening seperately but to no avail. Could you pl resend the charts. Also I have seen you postings in other forums as well. Do you think this (Pride's method) could give us decent earnings per month (say 500 nifty points after deducting taxes and brokerage). Also could you point to some other strategy that is worth following.
Thanks and regards

 

[watcher]

If the method is followed strictly, as mentioned in the first post, then it is prone to many whipsaws (from NF's perspective)

But the stochs parameters & the EMAs are very good settings, and they have been adopted by some traders to suit their style & observations.
:thumb: to Pride.

Refer these:
1

2

This is as per Smart_trade's recommendation:

hi sunil
Could not open the chart of TT, tired copying the address and opening seperately but to no avail. Could you pl resend the charts. Also I have seen you postings in other forums as well. Do you think this (Pride's method) could give us decent earnings per month (say 500 nifty points after deducting taxes and brokerage). Also could you point to some other strategy that is worth following.

Also went thru the links provided by you. could u point out where i went wrong.
Thanks and regards

 

[veluri1967]

I plot Pivot, Resistances, Supports on the chart to see whether the signal is very near to them or not.

I take MAs crossover, stoch crossovers as guiding principles but not as a strict parameters.

However, the market will surely find its way to follow 30 min stoch at one time or the other. Thatz why I keep visiting 30 min stoch to guage the market direction and to pin point entry and exists.

Observe the following trade.

30 min stock bullish. Price is hovering between Pivot Point and Support 1. 5 min stock just turned bullish. MAs bullish crossover happended sometime back. I think we can go with the trade instead of waiting for MAs crossover because MA crossover had already done.

Through some light friends.

 

[madhukar]

High frequency trading

Dear users

how do i get info about High Frequency Trading and Algorithm Trading ?i

 

[watcher]

No trades initiated as per this strategy today. There should be some means to tap these huge one side rallies