Crudeoil Intradday Trades based on GANN Square 9 Strategy

[ashu1234]

image ru

Crude broke most of the resistance in one go. Cleared my longs taken on Monday night below 44$.
:clap::clap:

 

[umeshmandal]

Nopes, its not 1 min, its 5M. All charts have Scripname and tf written on top left corner. I posted mcx chart to tell the difference, moving average and price action will be different for mcx and comex.

Okay, I missed the marking on Chart corner.
Ashu, was it intentional that you traded Oct contract of Crude. Sep contract end on 21st Sep.
If yes, then do post, tll when do you think one should trade current Cpntract and when to switch to next month's contract.

 

[ashu1234]

Okay, I missed the marking on Chart corner.
Ashu, was it intentional that you traded Oct contract of Crude. Sep contract end on 21st Sep.
If yes, then do post, tll when do you think one should trade current Cpntract and when to switch to next month's contract.

Thanks for noticing that.
Actually I was trading some positional lots too, which I was expecting to take beyond expiry, I wasnt expecting that crude will give a 5% jump today. That's the reason that my trades were in Next month contract. Sorry for some confusion that I have created when I said I bought in 30's and sold near 60's.

Apart from that no particular reason for trading in next month. For intra one should better trade in current contract, most of the time net change is similar but in high volatility next month contract may lag, so no rules as such, better stick to current month till expiry.

 

[ashu1234]

Ashu,
for MT4 I suggest GLScharts, as I am using for past 16 months without any issue..monthly charges are rs 750 per segment.

Yes, i have firstcharting as well as GLS charting names on list, but will try them in future. Also check treudata.in if anyone can plz and let us know the results. True data is giving multiple platform support like ami, ninja etc. and costs 700. A review will be helpful.:thumb:

 

[Sammy.Young]

Hi Ashu,

Now it's a sell on rise as slope is slanting downward on NYMEX...pl confirm buddy.tks !

rgds

 

[ashu1234]

Hi Ashu,

Now it's a sell on rise as slope is slanting downward on NYMEX...pl confirm buddy.tks !

rgds

Yes, slope is slanting downward on 5 min chart. But right now I'm marking it as sideways, as denoted by the red rectangle. If it breaks this range on downside, I'll again sell on rise.
Reason being it just rallied and might pause for a bit so will watch Price action and the range too. But yes overall sell on rise to the rectangle upper boundry area with small sl or black ma.

image ru

 

[Sammy.Young]

just it moved above 100 MA....
well, Ashu if selling is to be done at upper boundary area of rectangle, then what role this 100MA will play?
as per my understanding till now, it's sell/buy at/near 100 MA...pl clarify

 

[ashu1234]

just it moved above 100 MA....
well, Ashu if selling is to be done at upper boundary area of rectangle, then what role this 100MA will play?
as per my understanding till now, it's sell/buy at/near 100 MA...pl clarify

Yes, for now will try to do sell near 100 ma with strict sl. otherwise will pass today.

 

[Sammy.Young]

Sahi pakda.....fallen atleast 10 points..... CLAP CLAP
How to set targets? 10 points or some way to find bottom?

 

[ankur07090]

Hi Ashu,
As you mentioned if price are moving up the 100 MA then we should concentrate on buy only. correct me if m wrong here.
can we use this in BB method or any suggestion...?

thanks