Pride's Intra-Day Strategy [Profit Everyday]

[Satyen]

How?? Why ??

Looks like some confusion about EMA cross over even i was thinking a cross at completion of 11.05 bar

regards
Satya

 

[Satyen]

How come the shorts were triggered???? !!!!
As rightly said by Satya,:



and look what happened at end:

Sunil Bhai relatively new to cross over trading and in live action geting some confusion look at 11.05 am bar it must have confused some of us

Regards
Satya

 

[ag_fx]

Short 2/3 lots again..4323.1

Early pulling of triggger proved harmful. Stopped out badly.
Lesson learnt the hard way yet again.

 

[skgarg]

I am using Rmoney and RKGlobal.I find their brokerages as least. In case you know any other broer with lower costs, do let us all know.

what is their brokerages and charges and service and other issues if any. Wat is the cut-off time in the afternoon.

 

[Rajadhiraj]

It would be better ............. if we can use limit order instead market order any views how to do it ??

Regards
Satya

Hello Satyen

In the above case we can have a sell stop order in place around 4316/15, that would be below the low of previous candle (4317),

But inspite of that it can always trigger and turn back before the close :lol:

So as for the system goes waiting for close should be the written rule

 

[Smart_trade]

It is always better to wait till the current bar which we feel will trigger buy/sell completes...in our eagerness to catch the trade early,we will get some false starts which could prove costly.

ST

 

[anshulrai]

Some info on the Indicators used in this system and Time Period involved

In our case the period used for stoch is 8

Stoch = (Close - Lowest Low value of last 8 bars) / (8 bars HHV - LLV)

so delay of 5 x 8 = 40 minutes

% K uses avg of 3, so another delay of 10 mins = 50 Mins

% D uses avg of 4, so another delay of 15 Minutes = 65 Mins

Similarly EMA 13, also take 65 Mins to get rid of yesterdays effect.

So after 11 am, there will be no impact of yesterdays price on 5 Mins TF

Where as for 30 Mins TF it will always carry info of price data (or lag) for last 13 bars ~ cummulative effect of 1 day on rolling basis.

Thanks

thanx Raja.......nice insight into the system......

 

[Satyen]

Hello Satyen

In the above case we can have a sell stop order in place around 4316/15, that would be below the low of previous candle (4317),

But inspite of that it can always trigger and turn back before the close :lol:

So as for the system goes waiting for close should be the written rule

Thanks

Satya

 

[seshareddyvv]

I have taken RIL short position little early before EMSs crossed (expecting a cross over). A false position. So closed the position with loss of 5 points.

Sesha

 

[Smart_trade]

It is always better to wait till the current bar which we feel will trigger buy/sell completes...in our eagerness to catch the trade early,we will get some false starts which could prove costly.

ST

I have been checking the trades levels EOD for last 2-3 days and have a feeling that some of us take early positions before the bar completes....nothing wrong in taking aggressive positions but then be fast enough to get out of it if at the end of the bar ,trade does not trigger.....

ST