Pride's Intra-Day Strategy [Profit Everyday]

Your third trade was not according to the core system. At 1430, 5 min stoch was overbought.....EMAs were wide spread....There was no way a trade coming...
First trade also fall under the aggressive category and not under the core system. The emas hadnt touched even, just came close enuff to take aggressive trade.
Trade 2 was the one which was according to the system from these three trade. I too took that trade and ended with 2 points loss.

I will be posting charts soon.

I cant open this file...CUd u send a txt version of the same? you already have my email address...of else if someone can post a txt file here,it wud be really helpful...

I dont know wats wrong with my MSword

Also, I was trying to set up Amibroker free version and realise it doesnt have a 30 min chart option!!!!!!! Any ideas on the same plz?

Hi

Thanks for the advice. can you please guide me from where these indications can be found in this format(Chart in this format) on the net.

Sanjay

For you -- Ankit

Trades for the day.

The jagged text in above pic is:

"because EMAs were flat. Sunil sir took this trade though"

Thanks SM
Btw how do I see 30 min chart in Ami? I am using a free trial version and cant figure out.

Tools -- Preferences --- Intraday

In the custom time intervals, change the timing to whichever custom tfs u want to see.
I've set to 3, 10, 30, 120, 240

hi ankit,

I think that we should not expect this system in a nifty trade fr more then 25 points as except some big bars 5min stoc crosses and the trade ends with marginal profit or loss.so we should book profit as soon as it gives us 25 points as beyond that is rare......waiting fr ur feedback.....

Nice .................

I will say something that I said earlier too..I am in favour of closing half lots only at +25/+15 or watever levels....

I have a suggestion here for all the fellow traders...Lets all start monitoring the "maximum favourable excursion" in our live/paper and backtested trades.

Maximum Favourable Excursion(MFE) is the maximum number of points a particular position went in our favour before our exit signal. Thus, for a short it is the difference between our entry price and Low made and for a Long it is our entry price and High made.
But, this shud be taken "Before the exit signal" arrives.Trailing SL is differnt from MFE.

For whatever stock/futures you are following this method, lets do this activity. This will help us deciding the profit booking levels for that particular scrip.

Do let me know what you all think of this and then we can take it forward.


Happy Trading