Crudeoil Intradday Trades based on GANN Square 9 Strategy

ashu1234

Well-Known Member
Had multiple loosing trades on 5th and 6th Nov. in Crude while trading as per BB touch and reverse strategy! :(:eek::confused:
Crude is in heavy downtrend....I mentioned here earlier, bband are good to trade rangebound market, but when trend is clear this method will give loosing trades. better use trend following systems or breakout system for trending market.
 

Silentshadow

Well-Known Member
What a beautiful thread sad got hijacked and authors are not active these days I believe. I am giving a big shout to [1]

[1] @rpsvinod , arunnairs , umeshmandal, Sammy.Young, madhavareddy1203 --- >> Thanks for all your contribution

and folks if I have missed any please pardon me join hands again having read through the thread you people have shared an amazing journey of yours to masses .. my humble request would be to please continue -- thanks
 

rpsvinod

Well-Known Member
What a beautiful thread sad got hijacked and authors are not active these days I believe. I am giving a big shout to [1]

[1] @rpsvinod , arunnairs , umeshmandal, Sammy.Young, madhavareddy1203 --- >> Thanks for all your contribution

and folks if I have missed any please pardon me join hands again having read through the thread you people have shared an amazing journey of yours to masses .. my humble request would be to please continue -- thanks
No hijack, still i m exist on this market.:D
 

Silentshadow

Well-Known Member
:D Good Good I found this thread gone quite.... Light it up Vinod

I am going to try what rh6996 suggested. Quick synopsis

* Short on red candle when it touches upper bollinger
* When green candle touches upper bollinger go short by keying in the close price of that candle to the GANN chart and see if we can get a an entry at the prescribed price
* Go long on Green candle when it touches the lower bolinger; these days trend seems to be short on rise :/
* Stop loss would be high/low of the previous candle or as per risk .. target 10 points but if we see unfavorable moves in the forthcoming candles will exit

Trust I was able to cover key points ;)

And yeah am still not clear on contra trade.. may be someone can chime in.

Tomorrow if I find time will post my observations on trades basis this strategy and market moves

Pardon my breviaries typing from cell phone

Regards,


No hijack, still i m exist on this market.:D
 

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