Pride's Intra-Day Strategy [Profit Everyday]

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13:04:40

Long 4260 over the crossover in 5 min stoch as well as EMA.

The only doubt here is the EMA crossed almost 2 candles ago,jumped from getting bearish crossover.
What do u say for this entry pride?
Did u enter?
At 1:00 PM bar close , 30 Min STS is bearish . Hence no Long entry as per the strategy .
5 Min STS cross over happened but 5 min STS never went in to over sold zone ( below 20 ) .and the Buy is Near the range High ( excluse the first 5 min candle and its clear that 4265-75 is resisting much ) .

Not a convincing Long Entry , No Matter what the end result is

Naresh
 

ag_fx

Well-Known Member
At 1:00 PM bar close , 30 Min STS is bearish .

Hence no Long entry as per the strategy .

5 Min STS cross over happened but 5 min STS never went in to over sold zone ( below 20 ) .and the Buy is Near the range High ( excluse the first 5 min candle and its clear that 4265-75 is resisting much ) .

Not a convincing Long Entry , No Matter what the end result is

Naresh
Check again my friend....at clsoe of 1300 bar, 30 min stoch was bullish. I can post the charts showing the same too.

Also, Buy on 5 min stoch was not near High(it was close to 50), and definately not overbot...satisfies our system condition

We dont look for zones or resistances while trading this system...

Entry was as per the system, but yes a bit aggressive. In my charts, EMAs on 5 min had kissed 4 bars ago and thats where the risk was.
As Priide had already said, sometimes you can take trades on your discretion and they do work out well too.
My exp with trading made me go into the longs and I posted the same.

Happy Trading
 
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ag_fx

Well-Known Member
13:04:40

Long 4260 over the crossover in 5 min stoch as well as EMA.

The only doubt here is the EMA crossed almost 2 candles ago,jumped from getting bearish crossover.
What do u say for this entry pride?
Did u enter?
Just covered the Lots at 4299 5 mins back.

PS: Typo error in the enntry post. It was at 4265 as against mentioned 4260. There was another reason for me in pre-emting the candle close( which was solely due to my exp with MAs in the past) and Ideally this entry shud have been clsoe to 4275 only.No doubt, a risky trade for the system.
 
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Check again my friend....at clsoe of 1300 bar, 30 min stoch was bullish. I can post the charts showing the same too.

Also, Buy on 5 min stoch was not near High(it was close to 50), and definately not overbot...satisfies our system condition

We dont look for zones or resistances while trading this system...

Entry was as per the system, but yes a bit aggressive. In my charts, EMAs on 5 min had kissed 4 bars ago and thats where the risk was.
As Priide had already said, sometimes you can take trades on your discretion and they do work out well too.
My exp with trading made me go into the longs and I posted the same.

Happy Trading

May be my charting is wrong ?

Naresh
 

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bandlab2

Well-Known Member
when i am using 30 min chart, my lower panel stochstic is empty. its not showing any lines. when i move to 5 min chart then i can see the stochastic lines. how do i know which is fast and which is slow ? i see blue and yellow lines. also in invest bulls, i cant save the ema2 to 13. is there a save button ?

in tt advance, i can see schostic lines in 30 min chart but they are not showing from 10 am, they are not looking good

i am attaching images here, pl help
 
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lazytrader

Well-Known Member
Hello Pride

You were talking about improvements ... :thumb:

Here's one suggestion

You use the HTF stoch as a filter

You can test the following condition

Take Long trades even when K30 < D30, but both K30 and D30 are less than 20/25 which means the stoch although is bearish but its also showing an oversold condition, so reversal on 5 min stoch can be profitable, also the EMA should keep you on the right side,

The bet is that on the next 30 mins bar the stoch values K30 and D30 should flip.

Opposite for Short trade can use K30 & D30 > 75/80

Hope it helps
Nothing related to the system itself only Stoch: 20 > %K > 80 is no trade zone, meaning you don't get "into" a position based on Stoch alone. If you get a signal from some other indicator when %K is in that range then no probs.
 
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