Crudeoil Intradday Trades based on GANN Square 9 Strategy

[ankur07090]

Short below 20:10 bar was not triggered as per my chart as the low is 3009, and short would be at 3006 s 3 points filter was taken but the low made thereafter was 3007 by 20:15 bar! Short below 20:35 did target.

yes umesh, u r taking 3 point filter thats y first call was nt triggered as per ur chart

 

[kbd]

can u specify as LTP is trading very frequent so ATP is fine ?

 

[umeshmandal]

can u specify as LTP is trading very frequent so ATP is fine ?

Welcome to traderji 'kbd'.
Seeing your FIRST post here, shows you are keen in trading Crude or may be interested in Gann!!

Hmm, beyond my capability to reply,as do not understand your query the way it has been posted. Maybe some knowledgable person would understand and reply.

What I have understood is :

LTP= Last traded price
ATP=Average traded price

Are you asking which price to use in Calculating GANN levels??

If thats your query, let me tell you the last few pages of this thread have some Trades posted and they are NOT based on GANN levels.

 

[ashu1234]

can u specify as LTP is trading very frequent so ATP is fine ?

ATP is same as volume weighted average price(VWAP) given these days in NEST stats. ATP is stats of all the days price multiplied with volume, so you need to see if all of the day is passed near atp, coz most of the volume happen in crude after afternoon, and if current price sticks to atp in evening then we can say that market is rangebound and waiting for any news or event to happen. Just view atp in final 4-5 hours as no mans land. If prices are continuously holding below atp then indicates selling pressure, and above indicates buying. You need to see whole picture, i mean previous time period and how long it is staying below and above it.

 

[rpsvinod]

ATP is same as volume weighted average price(VWAP) given these days in NEST stats. ATP is stats of all the days price multiplied with volume, so you need to see if all of the day is passed near atp, coz most of the volume happen in crude after afternoon, and if current price sticks to atp in evening then we can say that market is rangebound and waiting for any news or event to happen. Just view atp in final 4-5 hours as no mans land. If prices are continuously holding below atp then indicates selling pressure, and above indicates buying. You need to see whole picture, i mean previous time period and how long it is staying below and above it.

Hi ashu,

great view. as per ur views, lets consider ATP for Stop..if buy or sell conditions as per our own logic?

RPS.VINOD

 

[ashu1234]

Hi ashu,

great view. as per ur views, lets consider ATP for Stop..if buy or sell conditions as per our own logic?

RPS.VINOD

About stops, I will recommend ATR to use, ATP can also be used but you have to use some own custom made filter of some points or candle close based rule as per your observed time frame and as per market type. That's the only logical way to use it. Other than that falling and rising atp can always be used, and note that its volume based average of price so more volume means more chances of strong trend, one has to look volume figures too in order to use ATP.

 

[umeshmandal]

Two successful trades for 9 points each done! Thanks RH for your suggestion of strategy and a simple one at that!
DO share your trades once in a while. Are you trading 5 min. or 15 min. at present. No issues, you may post after the trade is over so as not to offend the Mods.

 

[umeshmandal]

A LONG trade triggered ! Am long now !

 

[umeshmandal]

2986 is strong resistance it seems!

 

[umeshmandal]

A LONG trade triggered ! Am long now !

Went upto 2085 , a 7 point profit move and then came down to 2975, exited at 2976, with a loss of 2 points.
Its rising again !