Pride's Intra-Day Strategy [Profit Everyday]

[MurAtt]

[Off-Topic] Mock trading on 27/6. Ppl can open terminals and be happy by seeing RIL trade at 4264, Nifty at 9,645, Infosys at 3,265, SBI at 306 with volumes one has never dreamt of ....

 

[ag_fx]

And look at the volume of dat bar....Pride...what shud we do in such WRBs?? I am sure its gonna retrace in next few candles. My trailing SL is 4310 as of now.

Trailing SL 4315 now.

glad that you brought this up, Ankit...

in such situations, it is wise to either square off completely if you are happy with what you are getting, or keep a very tight trailing stoploss...because, as you rightly mentioned, these bars tend to go back very quickly...

nice choice of SL, by the way

Yea dats what..it will retrace very fast.

@Ankit
What broker you are using? Asking this , cause you told u had profit by buying and selling with a profit of 4 points in the First trade. Thanks.

I have reliancemoney and rkglobal.My round trip cost comes under 2 points of nifty per lot.

 

[skgarg]

thanks a lot ankit for ur prompt reply.

 

[.Pride.]

Second trade of the day:

Bought @ 4278

Exit @ 4318

 

[Rajadhiraj]

And look at the volume of dat bar....Pride...what shud we do in such WRBs?? I am sure its gonna retrace in next few candles. My trailing SL is 4310 as of now.

Hi Ankit

If we keep in mind its a scalping method so 40 points is v good, grabbing it on half quantity

 

[ag_fx]

Trade 2.

Long 4278.

Covered 4317 Half lots. half trailing at 4315 and waiting for candle to close.


PS:
Half lots stopped at 4315 before candle close.

 

[regardson]

Ankit thanks for the site....

Dear all Happy traders,

I am here with lots of queries,lagging systems, charts,etc .. May be if we go through all these.. we could increase or even try to close all loop holes.

Please take a look at the following system lagging of tradetiger...

1. When ankit got a buy signal at 4270.. look at these 5min and 30min chart of nifty:

http://img208.imageshack.us/my.php?image=nfty5.jpg
http://img146.imageshack.us/my.php?image=nifty30.jpg

2. This morning i was trading on cash and found that during volitile or swing or non-trendy market timing like morining 9.55 to 10.30 or 11. We might not be getting much if it is not a trendy move. So i guess during that time we should go for Stoch 8,3,3..

chech my chart for Tata steel and Dlf with the setting of 4 & 3...eg..DLF3, Tisco3, Dlf4& Tisco4

http://img208.imageshack.us/my.php?image=dlf3.jpg
http://img146.imageshack.us/my.php?image=dlf4.jpg

http://img510.imageshack.us/my.php?image=tisco3.jpg
http://img134.imageshack.us/my.php?image=tisco4.jpg

3. But when it comes to a trendy market... Check this out Suzlon Cash with both with stoch settings 4 and the other one with 3 and also we should think about the trailing stop. Check this out Suzlon cash

http://img208.imageshack.us/my.php?image=suzlon3.jpg
http://img146.imageshack.us/my.php?image=suzlon4.jpg

4.And Last one, Will this Short be safe to trade... Check this Tata Steel Cash of both 5min and 30 min. as the 30min is not in good favour.

http://img208.imageshack.us/my.php?image=tisco5.jpg
http://img146.imageshack.us/my.php?image=tisco30.jpg


Guys .. I know this is a lot.. but its a part of improvement. I prefer, instead on using one single brain.. may be many can bring some good improvements.

I am also working on amibroker... trying to fix some issues as well working on doing a AFL.. so need a lot of query and answere.. Let see how much it is going to suceed..

 

[ag_fx]

Hi Ankit

If we keep in mind its a scalping method so 40 points is v good, grabbing it on half quantity

Well said friend. The other day we got a +70 point trade. So a good way to cover half and let half run. Thats what i did too.

 

[Rajadhiraj]

Booked the other half with the Stoch cross on 5 Mins...

Nett 45+ points on 2 trades, good for the day :thumb:

Not looking for more trades, but will take them if they come up :lol:

 

[ag_fx]

my long was triggered at 7200 there.

That was BNF. Covered it at 7234.


PS: regardson, I have views on ur charts. Will post them by EOD for sure.