Crudeoil Intradday Trades based on GANN Square 9 Strategy
- Thread starter rpsvinod
- Start date
Umesh one question here,
I morning session BB band so squeezed and i had seen prices feel support and resistance at MA between band. so some times i put target only at MA line may be due to fear
so ur target always fixed and how u handle this as prices sometime reverses after touching MA.
I morning session BB band so squeezed and i had seen prices feel support and resistance at MA between band. so some times i put target only at MA line may be due to fear
so ur target always fixed and how u handle this as prices sometime reverses after touching MA.
When the BB squeezed between 11:45 and 12:35 the width of BB was just between 6 & 11 points. In such situations, I would prefer to take a long when a candle closes above the MA with filter added to its high! This is based on a large number of charts I observed in last one week.
Ankur its a simple MA system, but i'm not trading the crossover, I just follow longer term moving average on 5 minute time frame, coz its slope or bend takes time to form and when it turns up or down I take moving average resistance of longer term for trades. 20-50-100 moving averages are plotted on chart. I tried to explain here:
http://www.traderji.com/energy/99752-simple-scalping-crude.html
http://www.traderji.com/energy/99752-simple-scalping-crude.html
At circled places price did move and even closed below Black MA. How do you handle those! Does this not indicate 2 shorts in entire Long day?
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