Pride's Intra-Day Strategy [Profit Everyday]

[prabit]

Yes it is true. 3 whipsaw can take away one decent profit.

 

[Sunil]

If 10:30 rule was not there, a short trade would have been initiated at end of 10am bar

 

[ag_fx]

I am into shorts though...4324.5

 

[ashish1802]

I am into shorts though...4324.5

Even i have shorted @ 4321

 

[Rajadhiraj]

I am into shorts though...4324.5

My View

If there is no gap (15/20 points), its ok to trade straight away :thumb:

 

[skgarg]

Hello Ankit/Pride

Plz tell which broker u are using and wat brokerage u are paying.

 

[hitesh05]

U cudnt have gathered 22 points with the system today in any case from that trade alone. You have to wait for the stoch crossovers and Ema crossovers. If you dont,in longer run you will get hit on the wrong side several times.

But none the less,it is an amazing method to trade. No doubts about it.

Ankit, when I entered the only trade yesterday, it moved 20 points in the money but I couldn't booked it and waited fr the exit signal of stoc, so the trade was closed with a 3-4 points profit.

 

[ag_fx]

Ankit, when I entered the only trade yesterday, it moved 20 points in the money but I couldn't booked it and waited fr the exit signal of stoc, so the trade was closed with a 3-4 points profit.

That is called a maximum favourable excursion. But, what matters to a strategy is the exit signal.The exit signals are the ones which act as yardsticks to a strategy.

 

[ag_fx]

I am into shorts though...4324.5

Covered half at 4308 and half at 4315.9(on the stoch crossover).Avg price out 4312.

 

[ashish1802]

hey ankit the 5 mins sts is giving a buy signal...do we need to book the shorted position?