Crudeoil Intradday Trades based on GANN Square 9 Strategy

[Sammy.Young]

My observation: once gann level is penetrated, we should wait for it to move 4-5 points and enter in pullback. This protects us from immediate reversal.

 

[rh6996]

I tried that too in trade tiger but i think 30 min candle is good.
sometimes SL hit and may be that type of filtration has been done in AFL.

I use 15 min. chart ! I have been using it since 1st Dec 2014 ! I have averaged 10 points per lot per trade till date. I never had a loosing week! Fact is I cannot recollect a loosing day bigger than -15 points !

My trading is based on Gann and Price action. No AFL is required. I have 15 min candles with 20, 2 Bollinger!
All I look at is where the candle is vis a vis BB! I need a candle touching the Upper BB to take a SHORT trade and a candle touching the Lower BB to take a Long trade! The closing price of the candle touching the Band if it is of contra direction is fed into Gann calculator to get entry levels. SL are swing lows. Tgt1 is 10, exit partly, move SL to -5 points ! All these rules are flexible as per the Traders Comfortable Zone ! I mentioned what are for me. Now a days I am taking even discretionary trades.
I strongly suggest the more knowledgable traders of TA here should see the charts as I said in the post and find ways to increase the target as I find so much times the price keeps going in trade side although I exited at 10/15 or 20 points! Braint traders can further modify to get >1000 points per month per lot !

 

[rh6996]

1st Arrow UP : Long , this Long was not triggered as per Gann Level, but for explanation sake, assume it was a Long triggered but Target not achieved.
2nd Arrow (Angular) : We reverse the Long trade below the low of our Signal bar just for a target of the SL we incurred or 8 points whichever is less!
3rd Arrow : UP : Long trade, Long above 3895, did a high of 3920
4th Arrow : Down : Short trade , Short below 3878 , did a low of 3856
5th Arrow : UP: Long above 3882 , Did a high of 3905
6th Arrow : UP : Long above 3861, did a high of 3871 !!! Just Tgt1 was done. Qty in which profit was not booked would suffer a SL of ~5 points!
7th Arrow : Down : Short below 3858, did a Low of 3835
8th Arrow : Up : Long bove 3854, did a high of 3872

 

[Sammy.Young]

Hi rh6996,

Pl explain this line once again --> "The closing price of the candle touching the Band if it is of contra direction is fed into Gann calculator to get entry levels".
So, except this condition, GANN is not required....isn't it?
For entry, we can enter above high or below low of BB touching candle...right?

Pl also confirm following:

If only a green candle touching & closing above lower BB, then only we need to BUY above this candle?
Vice-versa for SELL (RED candle touching & closing lower lower BB) ?

Rgds

 

[rpsvinod]

I use 15 min. chart ! I have been using it since 1st Dec 2014 ! I have averaged 10 points per lot per trade till date. I never had a loosing week! Fact is I cannot recollect a loosing day bigger than -15 points !

My trading is based on Gann and Price action. No AFL is required. I have 15 min candles with 20, 2 Bollinger!
All I look at is where the candle is vis a vis BB! I need a candle touching the Upper BB to take a SHORT trade and a candle touching the Lower BB to take a Long trade! The closing price of the candle touching the Band if it is of contra direction is fed into Gann calculator to get entry levels. SL are swing lows. Tgt1 is 10, exit partly, move SL to -5 points ! All these rules are flexible as per the Traders Comfortable Zone ! I mentioned what are for me. Now a days I am taking even discretionary trades.
I strongly suggest the more knowledgable traders of TA here should see the charts as I said in the post and find ways to increase the target as I find so much times the price keeps going in trade side although I exited at 10/15 or 20 points! Braint traders can further modify to get >1000 points per month per lot !

great explanation. rh6996 :clapping::clapping: happy to see professional crude traders here.

RPS.VINOD

 

[ankur07090]

Buy 2704 and sell 2691
Is the levels are correct

 

[Sammy.Young]

yes Ankur...levels are fine ...all the best

 

[rh6996]

Hi rh6996,

Pl explain this line once again --> "The closing price of the candle touching the Band if it is of contra direction is fed into Gann calculator to get entry levels".
So, except this condition, GANN is not required....isn't it?
For entry, we can enter above high or below low of BB touching candle...right?

Pl also confirm following:

If only a green candle touching & closing above lower BB, then only we need to BUY above this candle?
Vice-versa for SELL (RED candle touching & closing lower lower BB) ?

Rgds
Amit

Amit, When I am looking at a Candle touching BB top, I want it to be facing Down : Close is lower than open : Down close candle, I use its level only if both the conditions are fulfilled, i.e. it is touching BB top and its close is lower than open, then only I use its level to generate trigger level as per Gann!

Similarly, if a candle is touching BB bottom, the candle must be an UP candle, Close is higher than open !

These are basic rules and fine tuning should be, must be done by individual trader!

 

[rh6996]

great explanation. rh6996 :clapping::clapping: happy to see professional crude traders here.

RPS.VINOD

Vinod sir, I am no where near a professional trader. I have learnt whatever about Trading is here on TJ from Senior members like uashish, ST,Saint, ccmb, rkkarnani, Savant, etc etc etc... there are a lot of names missing.

 

[gkpc]

RH6996, Can you post an approx Profit in terms of point per lot in crude in June and July and also the number of trades done. Thanks. Also what brokerage firm do you trade with.