Crudeoil Intradday Trades based on GANN Square 9 Strategy

[gkpc]

Hello Umesh Mandal, Are yoy trading today! Please share your trades after the same are over. Trust thats allowed.

 

[umeshmandal]

I am here and trading also.
Went long above 3095 , high of 18:15 bar, the 18:20 and 18:25 bars were within the range of 18:20 hence did not take a chance ! Target of 9 points was done. Though trade went upto 3158 ! But as told by Rh, My destination was Vadodara so why travel upto Mumbai ! :lol: But truth is feel strongly devicing some mechanism to trail the SL after a level ! Its not an easy task to remain cool when you exit a trade at 9 points and that touches >60 points!

Short below 19:20 at 3133, and was whipped big when ESL of 20 points was taken out by a single bar at 19:35 which moved by 25 points in a zip.
!
Gave a PM to RH who suggested to move to 15 min TF hence went short again below 19:45 low at 3130 and covered it at 3113, at 17 points gain out of panic as prices started to move up. All in all apart from profit, discipline was also lacking. And to add insult to injury, this trade also moved by 37 points.
Just watching chart not trading. Made approx 5 points profit for the day!

 

[ankur07090]

I took short below 7:00 PM candle and hit SL of 15 points
after that did not trade and 20:15 candle high give target but missed that.

 

[Dax Devil]

I took short below 7:00 PM candle and hit SL of 15 points
after that did not trade and 20:15 candle high give target but missed that.

I had put 3134 sell yesterday for positional. Didn't hit till close. Today I sold at the same. just covered at 3083. The damn thing is getting too volatile between 70-90. No trade anymore. Will see at the close what crude is upto.

 

[ankur07090]

I had put 3134 sell yesterday for positional. Didn't hit till close. Today I sold at the same. just covered at 3083. The damn thing is getting too volatile between 70-90. No trade anymore. Will see at the close what crude is upto.

Hi,
can u tell us, what strategy r u using. If BB then on which time frame...?
thanks

 

[Dax Devil]

Hi,
can u tell us, what strategy r u using. If BB then on which time frame...?
thanks

No strategy, no BB or TB etc. either. Simple visual highs and lows. TF, depends on the momentum and volatility but never on minutes TFs.

 

[rh6996]

GKPC, sent a PM asking for my trades yesterday ! Well, I never trade on a day where there is only half day trading. This helps in reducing the compulsive urge to trade!
And please do not refer to my PM advise in your posts, may invite some action from mods! Let us avoid confrontation with them.

 

[ashu1234]

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

Setting targets depends, I choose PA here, if i feel trade is not going to work i exit, so no sure shot methods for 10-15 points target, just follow the movement. I mostly use support and resistance placed on my chart.

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

Yes, first define what is the market type, uptrending or downtrending, or sideways. Like from Tuesday to Wednesday it was uptrending, so price bounced back from every 100 moving average retracement or say nearby touch. After rally price usually cool off like yesterday, so yesterday evening I marked the day as rangebound. Hardest part is identifying rangebound days, which cant be marked easily as it takes out both support and resistance zone and still stays in range, usually this happens after rally ends, these days first sign is that moving average stays flat(watch yesterdays green and black MA). Most traders loose here, as half are in the notion that price will continue its previous trend and attempt to buy at wrong place, and half will bet against the trend, I mean mostly day traders here.

image ru

BB method is nothing but stand deviation drawn on a particular moving average, so its sd of price drawn from 20 period moving average, so band will cover prices say 20-20 points on both downside and upside depending on volatility. when bands are flat, it can be used to trade rangebound market as moving average will give you no clue.

 

[rpsvinod]

No strategy, no BB or TB etc. either. Simple visual highs and lows. TF, depends on the momentum and volatility but never on minutes TFs.

Hi DD,

finally i got above these points. But it takes 5 +years to understand this concept..So strongly believe volume only drive the price.
More Volume - More momentum
Less Volume - Less momentum
If u r n right side of the market..u 'll be exit with right reward.. as per traders personality.

Is it rigt?
RPS. VINOD

 

[umeshmandal]

After waiting since morning, did take a long trade above 12:40 high at 3056 and now trailing SL and exit at 3060 on a trial basis. Has already done a high of 3074