Pride's Intra-Day Strategy [Profit Everyday]

First Trade of the day:
Sold @ 4245 on ema crossover with bearish 30min and 5min stoch

Squared off @ 4228 as 5min stoch crossed back

ankit, your exit at 4233 on the 10:55 bar is perfectly valid, but I was waiting for it to crossover just a little, so I exited at 11:08 when stoch reversed again and crossed.

Pride

I think you should have waited for your exit as there was not a perfect crossover for stoch.

Regards
Ravi

Is it an entry @4240 ?

ravi, I exited when there was a slight crossover. and just after my exit, stoch went shooting up and price increased by nearly 10 points. so I think my exit was ok and according to the rules.
and for your chart, try using ema instead of sma and stoch settings of 8,3,4

biswa, no long trades as 30min stoch is still bearish.

Another short trade in making? It wud be better to wait for the close of 5 min candle..right?

yup...always wait for a clear ema crossover...like in this case, going short before bar completion would have proved costly...

Hello Pride

I am unable to see the settings. Can u also please tell which broker u are using...that would be very thankful of u.

these settings are for http://www.investbulls.com/jCharts/rt.php

Is this the time to short again? 12:51 P.M :thumb:

No buddy..Did you check 30 min stoch? Its bullish now. So no short trades now.