Crude oil trading using GANN square

Can we do day trading as a profession only with crude oil?

  • Yes

    Votes: 26 83.9%

  • No

    Votes: 5 16.1%
  • Total voters
    31
P

prakaash.22282

Active Member
#48
#48
jagankris said:
Are you sure that this Gann Square 9 works especially with Risk:Reward of 2:1 ?
What is your hit rate and past performance ?
Click to expand...
It is not like 2:1 ratio, we can work on actual GANN levels, but success ratio was high if we go with 10 points profit. It is around 70-80% successful as per my analysis. But i did not check this consistently.
 
J

jagankris

Well-Known Member
#50
#50
prakaash.22282 said:
It is not like 2:1 ratio, we can work on actual GANN levels, but success ratio was high if we go with 10 points profit. It is around 70-80% successful as per my analysis. But i did not check this consistently.
Click to expand...
What I observed is Your stoploss is atleast 15 points risk for 10 points reward.
So for 10 trades if success ratio is 7 Profit is 15 points.7*10 - 3*15 = 25 - 10 points for Brokerage + taxes.
Below 7 it is a loss.
If you are happy with this then all the best.
 
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