Trading MCX Crude intraday based on RH6996 system modified

[ankur07090]

I barely made small profit yesterday in crude by trading as per modifications. Trading it as per system by rh6996 would be much profitable.
So my conclusion is that to trade limited with small target in mind rh6996's original system is good works also on sideways days whereas the addition of Supertrend does not work good on sideways days but boosts the returns on trending days.

Yes bcoz ST is trend following indicator. In trending days it returns huge profit but in sideways it takes back.

take care

 

[gkpc]

Yes bcoz ST is trend following indicator. In trending days it returns huge profit but in sideways it takes back.

take care

Yes, think you are right, though felt that if I get a signal in ST, it may show the mkt 'may' be is starting to turn to trending mode. Yes need to be careful.

Must add, made a Super dooper trade in Crude today beyond my wildest dreams..... a 100 + POINT RUN ! Still holding 1 lot with SL at ~ 90 points profit!

 

[umeshmandal]

Yes, think you are right, though felt that if I get a signal in ST, it may show the mkt 'may' be is starting to turn to trending mode. Yes need to be careful.

Must add, made a Super dooper trade in Crude today beyond my wildest dreams..... a 100 + POINT RUN ! Still holding 1 lot with SL at ~ 90 points profit!

Do post a chart marking your today's trades please.

 

[ankur07090]

Yes, think you are right, though felt that if I get a signal in ST, it may show the mkt 'may' be is starting to turn to trending mode. Yes need to be careful.

Must add, made a Super dooper trade in Crude today beyond my wildest dreams..... a 100 + POINT RUN ! Still holding 1 lot with SL at ~ 90 points profit!

IMHO...That's why in BB method if a trade is not hit target then reversal of trade work. coz most of d times in ST same is forming a new trade signal BUY/SELL

 

[ankur07090]

Do post a chart marking your today's trades please.

Hi Umesh,

GKPC is mixing both method BB and ST. ST give a buy signal around 6PM and after that it's a bull market and at this time total points after buy is around 110 profit.

 

[gkpc]

Hi Umesh,

GKPC is mixing both method BB and ST. ST give a buy signal around 6PM and after that it's a bull market and at this time total points after buy is around 110 profit.

I exited at 96 points.

Also RH replied to my PM saying the BB did not give good results on 6th Oct. but was excellent on 7th Oct.(yesterday)

 

[mt4trader]

finetuning is going on sir..5th onwards will forward test it for a month...

good record marimuthu.

add order flow to your trading system.
on inventry day time based system explained workswell

pm me i will give more details

 

[umeshmandal]

I mainly trade on inventory day ....bulk trade ....getting result close to 100 points in a month....

below are my actual trades for from 25th Feb to till 23rd Sep/...
Buy Sell Net CUM
3079 3064 -16 -16 25th Feb
3142 3127 -16 -32 4th Mar
3023 3012 -12 -44 11th Mar
3013 3002 -12 -56 25th Mar
3013 3070 56 0
3030 3121 90 90 1st Apr
3192 3267 74 164 8th Apr
3426 3488 61 225 15th Apr
3686 3756 69 294 29th Apr
3896 3951 54 348 6th May
3902 3912 9 357 13th May
3761 3746 -16 341 20th May
3667 3652 -16 325 28th May
3831 3887 55 380 3rd June
3940 3925 -16 364 10th June
3888 3913 24 388
3812 3890 77 465 17th June
3910 3895 -16 449 24th June
3707 3706 -2 447 1st July
3265 3303 37 484 8th July
3338 3331 -8 476 15th July
3302 3331 28 504
3210 3212 1 505 22nd July
3102 3150 47 552 29th July
2888 2956 67 619 5th Aug
2820 2805 -16 603 12th Aug
2830 2815 -16 587
2650 2719 68 655 19th Aug
2621 2617 -5 650 26th Aug
2953 2942 -12 638 2nd Sep
3064 3110 45 683 16th Sep
3000 3100 99 782 23rd Sep


also I scalp for 20 points with SL of 12 points in both 1 min and 5 mins chart .....not fully comfortable to with the system I am following...so fine tuning is going on...........

Waiting eagerly for further posts in continuation of this post. Please include the strategy used ofr trades on Inventory days.

 

[rh6996]

How to know the Date and time of Inventory announcement? Is there a site for it, an official site !?

 

[marimuthu13]

How to know the Date and time of Inventory announcement? Is there a site for it, an official site !?

http://www.investing.com/economic-calendar/