Pride's Intra-Day Strategy [Profit Everyday]

[watcher]

2 shorts initiated since morning and in both cases sl triggered. net loss so far.
thanks and regards

 

[watcher]

Third stop loss triggered. God bless
Thanks and regards

 

[watcher]

In the green at last. God did bless.

 

[dt1778]

Third stop loss triggered. God bless
Thanks and regards

hitting stop loss is a part of the game.

 

[kainiteh]

i think last long trade might cover your loss
please post you trade details with chart!

i am using three time frame 5min,30 min,3 hours
for scrips! I am trading in Minifty.

 

[watcher]

I will post the charts by late evening. Tell me are u making profits out of this strategy. If it had not been for those long green candles in the second session, I am sure it would have been another red day for me. I am trading only in nifty. I will definitely post the charts alomg with the trades

Thanks and regards

 

[mercyman007]

Third stop loss triggered. God bless
Thanks and regards

Helloo watcher,
Thanks for ur post but i m little confused coz i got only two short signals n both SL triggerd. not three. as follows...
1st short at 11.04 @ 5152 SL triggered around 11.15
2nd short at 12.30 @5158 SL triggered in same candle


pls watcher if i m wrong pls suggest me corrections .
can u pls load the chart where u got three short signals. i use tradetiger.

Regards
Dr. Dev ( mercyman007)

 

[linuxguy]

i think last long trade might cover your loss
please post you trade details with chart!

i am using three time frame 5min,30 min,3 hours
for scrips! I am trading in Minifty.

The 2.30 candle closed at 5186. According to Pride's strategy, you need to wait until the close of the candle to confirm crossover. So after 5186, how far did NF move?
Highest point reached after 2.30 candle was 5209.95
Are you talking about this long, or did you choose not to wait for candle to close to confirm crossover?

 

[surya_sun]

INTRADAYGUIDE for Indian Equity Market


http://www.4shared.com/file/180001886/876eb606/intradayguide.html

Guys this attachment has got virus"Ardamax"... I just downloaded and got..
DO NOT DOWNLOAD THIS FILE
MonitoringTool:Win32/Ardamax

Encyclopedia entry
Updated: May 08, 2008 | Published: Apr 28, 2008

Aliases


Win-Trojan/Ardamax.404480 (AhnLab) W32/Ardamax.G (Authentium (Command))
Potentially Harmful program Ardamax.MN (AVG)
Win32/KeyLogger.Ardamax (ESET)
not-a-virus:Monitor.Win32.Ardamax.w (other)
Ardamax.Keylogger (Sunbelt Software)
Spyware.Ardakey (Symantec)
RiskWare.Ardamaxview.A (VirusBuster

 

[watcher]

Hi Linuxguy,
U r absolutely correct. I am trading with this system for the last 4 days. Experience is pathetic, to put it plain. Yes what you say is correct but after having couple of SLs triggered and having missed yesterdays rally from the sidelines i intentionally overlooked the 30 min chart. Had I followed the rules strictly this would have been another red day for me. Have you made money out of this strategy during the last fortnight? When the mkts were trending this strategy, like most strategies gave some returns to traders but now I think for this kind of mkt the strategy is redundant.
Consider this, even if you are playing with 1 lot of nifty and you SL is 5 points and it gets triggered, it tantamounts to a loss of Rs. 500 inclusive of the brokerage and taxes. In days like yesterday, when the mkt moves one sided u do not get any trade signal.
having seen many posts when this thread was initiated, I got very optimistic with the strategy but now i am pretty convinced that the mkt is supreme. Strategies like these would come and go, threads would become live and subsequently get discarded but the mkt will move on the way it feels. Just because a strategy works for a specific time frame (when mkt is behaving in a specific pattern, it does not ensure that it will work throughout the year.
The best part is that people like pride are actually taking the pains to develop something which will benefit us all. The effort is important along with the genuineness rest we all know depends on the mkt. Like Robert Browning had said:

For men may come and men may go but I(read the mkt) go on for ever.