Pride's Intra-Day Strategy [Profit Everyday]

[RDutt]

Present scenario at 2.. seems to be perfect for short, as per strategy... views pls

 

[bpradipkumar]

thanks a lot realy sir .

 

[RDutt]

Thanx to Pride Sir for sharing this strategy.
Great Soul. :clapping:

 

[bpradipkumar]

thanks sir . i got ur mail sir. is it free or pay sir ? i opened it put one place free user and other place premium user what should i click there

 

[ag_fx]

Sorry for this dealyed posts guys...Somehow wasnt able to login to TJ.

Anyways,
I took that 13:00 trade too. Shorted at 4299 some seconds before the 1300 bar closed and covered at 4304 at 12:25.Waited for Stochs to clearly cross back.

That was trade 2.

Took trade 3 as well.
Short 4299. Still running with CMP at 4260.
Lets see.

 

[RDutt]

No views, about nifty short @ 4299 (as per stratagey), now 4265 ! :annoyed:

 

[ag_fx]

Sorry for this dealyed posts guys...Somehow wasnt able to login to TJ.

Anyways,
I took that 13:00 trade too. Shorted at 4299 some seconds before the 1300 bar closed and covered at 4304 at 12:25.Waited for Stochs to clearly cross back.

That was trade 2.

Took trade 3 as well.
Short 4299. Still running with CMP at 4260.
Lets see.

Covered at closed to 14:30 at 4260.

Thus:
Trade 1: +22 points
trade 2:-5 points
Trade3: +39 points
Total so far: +56 points

 

[MurAtt]

Missed out on the second trade -- i.e. had shorted at 4298 -- 2 Lots NF. Then power cut. Called broker and sq off position at 4296. 5 mins later -- bang 4260

 

[bpradipkumar]

sir can u tell me how can i come to desicion from 30 mins chart ? if the candle bar is white can we come to conculsion for long ? i mean in the early morning i cant get the ema . i mean till 11.30 for small script or even nifty . i can use it 5 mins ema . but realy hard to get 13 mins ema till 11 or below . so pls tell me how can we do that ? i jus try investbulls .com . but i cant get seprate stock from there .

 

[ag_fx]

yes, sold @ 4301 and squared off @ 4307 as ema and stoch both crossed back...

choppy day...with news, expiry etc...

this was a loss making trade after a long streak of positive ones...atleast we are still green for the day

my advice would be to end the day now, as EMA crossovers don't work too well on days like this.

Long streak will be an understatement Pride....In my observance of 5 days of trading this method, this was the first loss after 14 consecutive winner trades. The winners have been of magnitude +15 to +70, with quite a few above 20-25 levels. This loss was just so minor.
Rather, I am happy that this system generated a loosing trade. I am now much more comfortable with it
This was the only reason that I took the 3rd trade too, even though you mentioned against it. I was ready to loose the entire profit of the day on that trade, just because of the amazing winning streak and practically very small SLes.
I guess we should take all trades that a system generates and shouldnt try to be subjective about it. IMHO, we never know which trade will turn into a winner and which not. We just need to play with probability.
And when, the probability of winning trades is so high, I didnt wanna miss on any trade.

Thanks again Pride for sharing this system with us.

Happy Trading