Pride's Intra-Day Strategy [Profit Everyday]

[kainiteh]

First of all I would like to thank Pride and Columbus for developing a wonderful system. I use both there system in different window to confirm the entries and exit.

I am doing paper trade for 2 days on both of there strategies and both are good. I have some doubts in stochastic cross over.

In the below chart (Image 1) (5 Min Intraday chart of Reliance Money supertrade) you can find the some strange crossover in stochastic in Trade Entry 2 ,,, is it advisable to trade during that crossover. or we should wait as like in Trade Entry 1 and 3 ???

I think you should use Stochastic Momentum indicator! i don't know how stochastic Oscillator work!
I have attached nifty chart both nifty and minifty moves alike! please refer
your minfity trade with this chart to find entry and exit!

Note: In Chart "second trade for long was void,hence every thing as per setup shows signal for long but while you go for
entry you should entry one tick above bar which made EMA cross over"

All the Best!

 

[bizcon]

Hi,

The system suggested by Pride is simply beautiful. Now, how do we select the reasonably profitable scrips? Which software platform/broker's trading platform could we accept so that alerts are generated on the basis of these parameters? And if there is none, could any forum members, programmer develop it for us? We should be ready to contribute for his/her efforts.

Any takers?

Sharad Kapadia

 

[dvpatel]

Thanks to all seniors for giving replys of newbe query..

system is superb..but all newbe has same problem about setting of stoch and how to plot higher time frame stoch in same chart in amibroker

request to seniors for writing in details regarding above matter..it will be very helpful to peopel like me

Thanks

 

[now]

Hi!




These are the trades that I did today with this strategy.

Overall profit of around 50-55 points after removing brokerage and slippage.
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I look forward to hear from all of you and your comments and suggestions are most welcome.

i am new to this forum and extremely new to technical analysis , i
have backtested this system with ieod data and it looks great on paper ,

but what i saw that in real time that ema crossovers take place much late than what it looks like in ieod charts ,
like nifty has already moved some points , and sometimes our entry is really late.
could anyone tell what am i doing wrong ,
also during backtesting ieod charts , how can one tell that at what level of nifty ema crossover have actually taken place ,

extremely sorry if i have asked you a stupid question and destroyed the flow of thread.

ps i am a newbie doing paper trading .

thanks in advance

 

[Indopal]

Hi all senior traders,

I am a new member to this forum and it looks great with lots of inputs. I will take your advises as a guide in my trading. Can you pleas let me know which trading brokerage firm has better charts and order entry/exit system.
Also it's how many Rupees per point movement in Nifty & Sensex index?
Hope any of you will answer these basic doubts.
Thanks.

 

[aditya14]

u wont make big money using this system as the entry/exit will be quite late.But its relatively a safe system but still intraday 30 min charts should be used only as an overview as price movement will sweep u off just like the selloff in a number of scripts late in day a lot of times.

And 1 more thing people if u use ema then make sure its not just a 1 day chart that u see the ema.Like in India infoline charting we see only current day charts(historical can be opened separate) ema is usually for a trend reversal spotting and usually for swing trades.

 

[now]

u wont make big money using this system as the entry/exit will be quite late.

sir , i am just paper trading and i am just looking for consistency as you said this system is safe , for me safety and simplicity is more important as i am new to technical analysis.

sir , could you tell me how to see at what place ema crossovers would have taken place in real time while watching ieod charts.
i am using amibroker trial version.

thanks a lot sir.

 

[aditya14]

sir , i am just paper trading and i am just looking for consistency as you said this system is safe , for me safety and simplicity is more important as i am new to technical analysis.

sir , could you tell me how to see at what place ema crossovers would have taken place in real time while watching ieod charts.
i am using amibroker trial version.

thanks a lot sir.

in realtime u shud be using sma crossover with 5minute charts.use variation of sma`s as each stock usually will have its own price moves.Also use stochastics and rsi to spot variances in price and oscillators(price making highs and stoch moving lower etc)....

also u can use BB to time ur entry...

But all this shud be carefully done as intraday trading can screw u in a matter of seconds when breakouts happen and hence the patterns shud be seen on shorter timeframes.
I don`t use amibroker.

 

[now]

in realtime u shud be using sma crossover with 5minute charts.use variation of sma`s as each stock usually will have its own price moves.Also use stochastics and rsi to spot variances in price and oscillators(price making highs and stock moving lower)....

also u can use BB to time ur entry...

But all this shud be carefully done as intraday trading can screw u in a matter of seconds when breakouts happen and hence the patterns shud be seen on shorter timeframes.
I don`t use amibroker.

i asked for water to drink and you gave me a deluge
just learning to swim kahin doob naa jaon.
thanks sir for your reply.

 

[kainiteh]

Hi all senior traders,

I am a new member to this forum and it looks great with lots of inputs. I will take your advises as a guide in my trading. Can you pleas let me know which trading brokerage firm has better charts and order entry/exit system.
Also it's how many Rupees per point movement in Nifty & Sensex index?
Hope any of you will answer these basic doubts.
Thanks.

I am using Indiainfo line! 0.05 paisa for intraday and 50 paisa for delivery in equities! for future they charge 5 point for both side plus tax (it is costly comparing equities) you can find many thread which discuss about brokers and platform!

About nifty, 1 point = 50 rupees,you can trade nifty through future! i used to trade in minifty future where 1 point=20 rupees.i too in learning phase

have a safe trade!