Pride's Intra-Day Strategy [Profit Everyday]

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Hello

I would be extremely thankful if someone takes the pain to resolve this querry of mine.

On 25th June, at 1:05, a short signal was triggered, however this trade happened to be the first loss making trade and at 1:15 bar, the trade was over. This was marked trade 2 in the earlier posts.

Now at 1:30 pm, 30 min stoch turned bullish so till 2 pm, we were to look for long trades. At 1:35 pm, 5 min stoch turned bullish and at 1:40 pm, EMA crossover took place indicating long signal.

However this trade wasnt there in earlier posts. Though fortunately, at 1:50 pm, the stoch crossed back and would have caused a loss.

Can someone plzzz see and clarify this one abt the events of that day.
Hi Sk,
If you could attach a chart, may be we could help you.
 
Algorithm

Algorithm as I have understood (Things that i have still not understood in red, also what I have understood might be wrong,I wud be thankful if someone clarifies)

1) Do not trade till 10:30 am.

2) At 10:30, check 30 min stoch if it is bullish or bearish. Crossover might have taken before, that doesnt matter.

Do we see OB/OS levels in 30 min TF?

2) Now till 11:00 drop down to 5 min TF and see 5 min stoch. Lets say step 2 gave us bullish. So now we see if 5 min stoch is bullish or not. However it should not be overbought. Again we check for only bullish or bearish like in point 2 and not for actual crossover. The crossover might have taken back earlier.

1)Can a oversold bearish 5 min stoch be taken as a bullish signal ?

3) As long as point 1 & 2 are satisfied, we look for EMA crossover. Here we look for actual crossover. What this means is that suppose 30 min stoch is bullish but 5 min stoch at that time is bearish and during this time EMA crosses up. Now sometime later, 5 min stoch turns bullish and the EMA is still up, so we DON'T enter the trade, we wait till EMA crosses back down and then crosses back up(and at that time both 5 min & 30 min stoch are bullish). Its then when we enter the trade.
In short, 5 & 30 min stoch are neccessary pre-requisites & EMA crossover is the entry point. If the entry point is missed, we do not enter till we get another entry point.

4) Stoploss is the low of previous bar of entry or the low of the last to last bar whichever is lower.

5) One exits when 5 min stoch changes from bullish to bearish.

Do we exit if EMA crosses back or 30 min stoch changes from bullish to bearish or at anyother combination?
 
1. HDFC cash = 25
2. Jpassoc cash = 4

3.Nifty short @ 4418
covered @ 4393 = 25 pts

4.Minifty short @ 4416
covered @ 4394 = 22 pts

Need to cautious about 30 min overbrougt and oversold stoch.. should look for a sharp reverse.. on then need to take a trade.
Covered 4376

Trade 1: +1 point
Trade 2: +16 points
Trade 3: +39 points

Total points for the day: +56

Will post chart a lil later
Well done Regardson,Ankit.:clapping::clapping::clapping:
 
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