Crudeoil Intradday Trades based on GANN Square 9 Strategy
- Thread starter rpsvinod
- Start date
Trades as per chart. Trades already over, so these may please not be taken as any Trading calls :
Morning first bar was ouside BB bottom, I would take a long above the high had the bar closed up, but it closed down! For going long on such opening bar I use extra filter to be sure of the move.
The 10:15 bar move inside BB and closed up, but long was not triggered as the level was 2974 I was also wary of a long first trade today due to anomaly in the High of the day level. Chart was not showing what Terminal was showing.
12:20 bar touched the upper BB and its low was 2968, took a short at 2965 and target of 10 points was done.
13:25 bar high plus filter was next trade a long at 2953+3=2956 Target done
15:00 bar low less filter was short at 2967, moved till 2960 and 15:20 bar closed below the MA(20)! This is how I use MA, to try to save a failing move!: Move had already done 7 points but was reversing as 15:25 bar closed above MA with a high of 2964, I exited the short at 2964+3 at 2967! Now had this level resulted in a loss of more than 3 points, I would reverse the trade to long at 2967 just for the target equal to the loss !
No bar moved near the BB high, say within 1 point, I am trading bars that are 'nearly' touching the bands and my criteria is that it should be within 1 point !
No BB touch till 17:10 but the next trade came at 17:30
17:30 Long above high 2959, did 2962 and reversed, did not even touch the MA. I reversed below the 17:30 bar at 2952 (booked a loss of 10 points) and this short did a low of only 9 points thus could not cover it in time and exited at close of the next bar 18:05 at 2948 thus recovering 4 points out of 10 point loss!
18:05 plus filter went long at 2953 , this did a high of 2960. Though the bar crossed MA but failed to close above it. I exited at 18:25 bar low less flter at 2953, a NPNL trade!
Normally I would but I did not take this trade : A short below 18:05 low as previous long above this candle did not close above MA, that would have given 10 points. I would discourage you all to trade it too till you are comfortable with the set up and at the time of taking this trade you are in some profit!
Next long above 19:25 at 2930 target done. (I stopped trading here)
I now find that the next valid trade since 19:25 has come only at 21:10 , long at 2915 and has done target !
Morning first bar was ouside BB bottom, I would take a long above the high had the bar closed up, but it closed down! For going long on such opening bar I use extra filter to be sure of the move.
The 10:15 bar move inside BB and closed up, but long was not triggered as the level was 2974 I was also wary of a long first trade today due to anomaly in the High of the day level. Chart was not showing what Terminal was showing.
12:20 bar touched the upper BB and its low was 2968, took a short at 2965 and target of 10 points was done.
13:25 bar high plus filter was next trade a long at 2953+3=2956 Target done
15:00 bar low less filter was short at 2967, moved till 2960 and 15:20 bar closed below the MA(20)! This is how I use MA, to try to save a failing move!: Move had already done 7 points but was reversing as 15:25 bar closed above MA with a high of 2964, I exited the short at 2964+3 at 2967! Now had this level resulted in a loss of more than 3 points, I would reverse the trade to long at 2967 just for the target equal to the loss !
No bar moved near the BB high, say within 1 point, I am trading bars that are 'nearly' touching the bands and my criteria is that it should be within 1 point !
No BB touch till 17:10 but the next trade came at 17:30
17:30 Long above high 2959, did 2962 and reversed, did not even touch the MA. I reversed below the 17:30 bar at 2952 (booked a loss of 10 points) and this short did a low of only 9 points thus could not cover it in time and exited at close of the next bar 18:05 at 2948 thus recovering 4 points out of 10 point loss!
18:05 plus filter went long at 2953 , this did a high of 2960. Though the bar crossed MA but failed to close above it. I exited at 18:25 bar low less flter at 2953, a NPNL trade!
Normally I would but I did not take this trade : A short below 18:05 low as previous long above this candle did not close above MA, that would have given 10 points. I would discourage you all to trade it too till you are comfortable with the set up and at the time of taking this trade you are in some profit!
Next long above 19:25 at 2930 target done. (I stopped trading here)
I now find that the next valid trade since 19:25 has come only at 21:10 , long at 2915 and has done target !
For ankur,
image ru
See red arrows, Trading bias is down for the crude as its down in most of the time frames, above is chart of 5 minutes, ma - 20,50,100. Black MA is 100 which gives a bias for trade which is short, we wait price to touch 50 and 100 for short and set sl of 20-30 cents(international crude I use that), so if initial bias is correct price most of the time turns from longer MA's and when it catches momentum even 20 moving average gives resistance.
image ru
See red arrows, Trading bias is down for the crude as its down in most of the time frames, above is chart of 5 minutes, ma - 20,50,100. Black MA is 100 which gives a bias for trade which is short, we wait price to touch 50 and 100 for short and set sl of 20-30 cents(international crude I use that), so if initial bias is correct price most of the time turns from longer MA's and when it catches momentum even 20 moving average gives resistance.
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