Pride's Intra-Day Strategy [Profit Everyday]

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columbus

Well-Known Member
Dear Sir,

I made a paper trading between 10 & 11 a.m.

today with Nifty futures which was bullish and I was able to score 50

solid points over the short trade. I was able to track minute by minute

developments over the intraday candle pattern coupled with Stochastic

oscillators and EMA.
Dear msri,
Today more than 50% gain came between 10-11AM.
 
Hi Sushant,nice chart facility you have got on Google Finance .how are you able to get the 2 minute, 5 min and 30 min charts in Google finance. is it the feed? Please help. :sos:
Hi alroyraj,
thanks for reply!
I am using google finance for long time now...n trust me its really good!
its having live quotes for nse(for bse they are 20 mins late)...
for 2min,5min n 30 min chart their is an option just above the graph(which can be seen in my image) called "Interval:"
and it also has popular indicators like MACD,RSI,STOCH......which u can use everytime u trade......but if you have to save your settings then you have to login from your gmail account....for me its been really good!
i hope that wil solve your problem!
have a good trade!:thumb:
 
Hi Pride, Thanks for ur system but I am not able to understand the overbrought and sold condition with 80 in stochastic. Also, let me knw where to get Nifty future historical data. Could you please check ROLTA NSE of 01-10-09 and let me knw the buy and sell signal......
 

gunavadhi

Well-Known Member
Hi alroyraj,
thanks for reply!
I am using google finance for long time now...n trust me its really good!
its having live quotes for nse(for bse they are 20 mins late)...
for 2min,5min n 30 min chart their is an option just above the graph(which can be seen in my image) called "Interval:"
and it also has popular indicators like MACD,RSI,STOCH......which u can use everytime u trade......but if you have to save your settings then you have to login from your gmail account....for me its been really good!
i hope that wil solve your problem!
have a good trade!:thumb:
in my google finance chart i cant see interval and it is replaced by ZOOM.please help.
 
Hi Pride, Thanks for ur system but I am not able to understand the overbrought and sold condition with 80 in stochastic. Also, let me knw where to get Nifty future historical data. Could you please check ROLTA NSE of 01-10-09 and let me knw the buy and sell signal......
hii vinay
i think you should read posts in this forum...that will really help you!
 
Hi!

I have been following this system for quite some time now, and believe me, have never had a losing day.
The system is very simple and though I cannot guarantee massive profits, you will get consistent returns.
It utilizes Dual time-frame Momentum and EMA Crossovers on a 5 Minute Chart and is best suited to trade Nifty Futures, though any stock can be traded with this system over any time frame.

Coming to the actual system now, the following is required for a long position to be initiated:

Entry Strategy

1. In the 30 Minute Chart, the Stochastic should be bullish.
(That is, the fast stochastic line should have crossed over the slow line. It does not matter how long ago the crossover took place, it should just be above the slow line and should be going upwards).

2. In the 5 Minute Chart, the Stochastic should be bullish as well.
(Fast stochastic line should have crossed over the slow line and should be moving upwards. It should not be in overbought condition yet, that is, it should not have crossed 80 yet).

3. The 5 Period EMA crossed over the 13 Period EMA from below and moves upwards.

When all three conditions are met, we buy, placing stoploss at the low of the last bar or the bar to the left of the last bar, whichever is lower.

Stochastic Setting is 8,3,4 for this system.



Exit Strategy

1. When fast Stochastic reverses from it's upward move, curves downwards and crosses the slow line from above, sell half of the units.

2. If the next bar goes below the low of the previous bar, exit completely, otherwise keep a tight trailing stoploss and enjoy the continuing bull market :)
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The second point of the exit strategy might seem confusing, but it is there as in a trending market, the stochastic might reverse while the market is still going up, so we do not exit completely on stochastic reversal as we do not want to miss out on the rally. But if the next bar goes below the previous bar (where we have exited half), it is confirmed that there might be a reversal, though short term, but we exit with the profits we have.

I tend to avoid taking positions if the crossover is near an important support or resistance level.

For going short, the exact opposite of the above rules is used.

Thats it! I have been following this and making around 50 points everyday.
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These are the trades that I did today with this strategy.




Overall profit of around 50-55 points after removing brokerage and slippage.
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As I am not here to sell anything to you, I will not flood this post with hundreds of examples and charts where this system proved profitable, you can backtest yourself and see how it works out for you.

The main purpose of my sharing this system with you is that we can have a discussion regarding it and see if any tweaks/modifications can make this more profitable.
EMA Crossover Non-believers, please stay away from this thread.:thumb:

I look forward to hear from all of you and your comments and suggestions are most welcome.
Dear Pride,
It is really wonderful attempt you made. I tried to use your strategy. But it is almost impossible for me to meet all your criteria. I don't know where I am failing. Even entering the market itself difficult when all the criteria met the position is reaching over sold position. Kindly refine it. One more thing you have recomended to use 5 period EMA and 13 period EMA. But in your chart it is indicating that you used EMA1 and EMA3. Please explain it.
 
Hi alroyraj,
thanks for reply!
I am using google finance for long time now...n trust me its really good!
its having live quotes for nse(for bse they are 20 mins late)...
for 2min,5min n 30 min chart their is an option just above the graph(which can be seen in my image) called "Interval:"
and it also has popular indicators like MACD,RSI,STOCH......which u can use everytime u trade......but if you have to save your settings then you have to login from your gmail account....for me its been really good!
i hope that wil solve your problem!
have a good trade!:thumb:
i tried to watch http://www.google.com/finance but i could not find charts and othr thing. please give me exait location to find it. Thanks.
 
This was an extremely interesting discussion but now it seems to have drawn to a close.We no longer see .Pride,the originator of this magnificent system,AnkitGarg20 who brought some much clarity into explaining the nuances and Sunil who was developing a system based on this gem.
What has happend?.Have .Pride and AnkitGarg20 lost confidence in the system and do not trade it any more?.Have they lost interest in the thread?.
I have also noticed that most of the entries nowadays,scarce as they are,are for free charting sites.There are other threads for these queries and it is a complete waste of space and effort by those who are active on the thread to entertain people who are not ready to shell out 350/-Rs a month for charting.
.Pride,AnkitGarg20,Sunil some clarityfrom you please.It would be deeply appreciated.
 
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