Pride's Intra-Day Strategy [Profit Everyday]
- Thread starter .Pride.
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Hey Radha,
As being a newbie i m also confused reagarding with the settimg of EMA and Stochastics.
If u hav done and using this system plz reply me regarding with the setting. Even i hav seen yur attachment of snapshot of ichart posted in yur 17Jun's2009 post.
Plz reply me how to set these indicator's on icharts?
Thanks
Hey Radha,
As being a newbie i m also confused reagarding with the settimg of EMA and Stochastics.
If u hav done and using this system plz reply me regarding with the setting. Even i hav seen yur attachment of snapshot of ichart posted in yur 17Jun's2009 post.
Plz reply me how to set these indicator's on icharts?
Thanks
In response to many queries I have received on this system ....
I've been getting many queries wrt Pride's strategy BUT honestly speaking ...
1. Since I'm more of buy and hold type I was uncomfy with the system ... BUT my interest to know various systems/types at that time pushed me into participating in the thread as well as trading BUT just for a small time period. Add to that unavailability of real time data dues to which I could not truly and properly experiment on it.
2. Yes it did work out well for many members BUT whether they have continued or not, I am unawares now.
3. Many members have had tweaks done on it ... so it could be better (or worse
) for them
4. Markets change and therefore the same systems do not work at all times.
Try it out on paper first. Once you are comfortable with it, seen the nuances then proceed with small quantities ... and as and when you are confident then proceed.
Time & Effort both has to be given to any system ... just bcoz someone from previous time frame says this works just does not ensure proper working. It also depends on the person executing the system trades, his psychology, money management .... the works.
Happy & Safer Trading.
1. Since I'm more of buy and hold type I was uncomfy with the system ... BUT my interest to know various systems/types at that time pushed me into participating in the thread as well as trading BUT just for a small time period. Add to that unavailability of real time data dues to which I could not truly and properly experiment on it.
2. Yes it did work out well for many members BUT whether they have continued or not, I am unawares now.
3. Many members have had tweaks done on it ... so it could be better (or worse
) for them4. Markets change and therefore the same systems do not work at all times.
Try it out on paper first. Once you are comfortable with it, seen the nuances then proceed with small quantities ... and as and when you are confident then proceed.
Time & Effort both has to be given to any system ... just bcoz someone from previous time frame says this works just does not ensure proper working. It also depends on the person executing the system trades, his psychology, money management .... the works.
Happy & Safer Trading.
All right with all the load of work around me for past few days I missed on updating this thread. The idea was to try and revisit this wonderful setup and see if it still holds good. I'll try and pick up one counter each day from F&O counters and follow it up till next day as how it is performing based on conditions laid out in this trade set up
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PTC will be counter which I would be would be watching for trade tomorrow i.e. 18th November 2010.
a. In 30 min chart the Fast stochastics line has crossed slow stochastics line.
b. In 05 min chart Fast stochastic line should has crossed over the slow line and is moving upwards.
c. The 5 Period EMA has crossed over the 13 Period EMA from below and moving upwards.
Entry would be made at 133.65 which is the closing point in 5 min chart.The SL for the trade would be low of immediate candle on the left i.e. 132.84. Will keep a tight watch on exit parameters.
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PTC will be counter which I would be would be watching for trade tomorrow i.e. 18th November 2010.
a. In 30 min chart the Fast stochastics line has crossed slow stochastics line.
b. In 05 min chart Fast stochastic line should has crossed over the slow line and is moving upwards.
c. The 5 Period EMA has crossed over the 13 Period EMA from below and moving upwards.
Entry would be made at 133.65 which is the closing point in 5 min chart.The SL for the trade would be low of immediate candle on the left i.e. 132.84. Will keep a tight watch on exit parameters.
- Status
| Thread starter | Similar threads | Forum | Replies | Date |
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| N | Pride's Strategy on other Time Frames | Advanced Trading Strategies | 22 | |
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| S | Reopen: Pride's Intraday Strategy [Profit Everyday] | Day Trading | 29 | |
| S | pride's streategy | Introductions | 0 |
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