Pride's Intra-Day Strategy [Profit Everyday]

While the stoch can't go much lower from oversold levels the price can. Only go long once bullish crossover occurs in 80-20 range.

will keep both of your points in mind, sir

A below average day for me.
Just one trade worth 17 points.

Ankit took another good trade which I've shown in the chart, got another 34 points.
I couldn't trade that one as in my chart EMA did not touch/crossover

Hi pride,
I wasn't able to do much today so nothing to post... But i do have a doubt, What if the 30 Min stoch is above the 80 or below the 20, if it curves before crossing the slow line or even if it crosses the slow but still in oversold or overbrought zone. Do we consider this as a reverse signal and if 5 min ema and stoch agrees with the stratergy, can we go for a trade.

Here is the chart for BNF.

Though the EMAs didnt cross when I took the trade, the Risk/Reward ratio was very fine.

I entered the trade when Stoch on 5 min crossed over. The EMAs were almost very close(and they were bullish already, they were not changing signs).

I entered only half the positions there at close to 7070. The next candle only gave a clearer picture of the stoch crossover and I added rest half positions at 7065. Thus having a full lot at 7067.5.
The stops that I had kept was below 7058 which had proved to be a good support in last 20 mins.
But since stoch was on my back and EMAs were almost there too, I went ahead with the trade.

I squared off the trade at 7120 when Stochs crossed back.

Net points: 52.5 for complete Lots.

Happy Trading

PS: This trade was a little deviation from the system. It is more like trading Pride's system my way.

hi Bandlab2,
You need to take 2 or 3 days charts together and then choose 30min, you will get the accurate reading. Are you using sharekhan, if so i can help you with that.
Iguess you got it... Instead of 1day chart with 30min , take 2D or 3D with 30 min.. and zoom to current day..

As you must have seen so far, Dhiraj and lazytrader have given two views on the same.
I dont think we should be should be pre-empting anything on 30 min TF. However, Pride could let us know, what if the 30 min stoch is oversold and crosses back over bullish sign and vice versa for bearish sign? Do we take the trades then?


My guess is by the time the crossover takes place, the oversold/overbot condition will be over. Lets wait for Pride's reply.

hi ankit,
Did you start trading for real or still you are paper trading..

Still on paper. But I treat every trade as Live. I record the timestamps when i take the trade on paper as well as the Bid/Ask from my broker terminal to ascertain Iam placing orders as close as possible to market price.

I plan to start live by monday only.

Happy Trading

Hi Ankit,

Most Important TFs Are 5,10,15 & 60 Min.

30 Min.....Doesn't Work Too Well In Any Kind Of System, Pride Has A Good Trading Strategy.....& All You Guys Should Do Very Well With Live Trading.

Happy & Safer Trading

SavantGarde