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,