Trading MCX Crude intraday based on RH6996 system modified

gkpc

Well-Known Member
#1
Have started trading from past Thursday in MCX crude as per suggestion posted by rh6996 in the thread here :
http://www.traderji.com/energy/97400-crudeoil-intradday-trades-based-gann-square-9-strategy.html
I have made some changes and shall post my chart every week with trades.

I have started trading intraday with Zerodha with just Rs.5000 as margine hence shall trade in Crude mini which requires ~Rs.1700/- per lot for intraday. So am trading 2 mini lots only for the time being.

Past 1 week has been tremendous and shall try to post trades of each day. Taking cue from Nitin , Umesh, Ashu, RH shall try to post the candle time for trades !
 

marimuthu13

Well-Known Member
#2
Have started trading from past Thursday in MCX crude as per suggestion posted by rh6996 in the thread here :
http://www.traderji.com/energy/97400-crudeoil-intradday-trades-based-gann-square-9-strategy.html
I have made some changes and shall post my chart every week with trades.

I have started trading intraday with Zerodha with just Rs.5000 as margine hence shall trade in Crude mini which requires ~Rs.1700/- per lot for intraday. So am trading 2 mini lots only for the time being.

Past 1 week has been tremendous and shall try to post trades of each day. Taking cue from Nitin , Umesh, Ashu, RH shall try to post the candle time for trades !
hi
if possible plz post modified rules before you start posting actual trade with charts marking..
 

gkpc

Well-Known Member
#3
hi
if possible plz post modified rules before you start posting actual trade with charts marking..
Biggest change is : Using ST also
Extra rules : Multiple lots, exiting partialy at Tgt1 and carrying partially till exit or reversal.
Shall reverse on close above MA and back down and vise versa. Say I am long , price moves above MA , does not reach T1 and a bar closes above and then before BBtop is reached a bar closes below the Ma, I will reverse below the low of the bar closing below MA for recovering the loss !
If price continues to walk the BB borders, shall we wary to take a contra trade.
Shall respect Inside bars if not big and IDNR4 formation.
and
.
 
Last edited:

gkpc

Well-Known Member
#4
17 Sep 15 trades:

18:00 Sell below 3095, covered one at 3086 and reversed to long at 3091 : 9+4=13

18:20 Buy above 3091 , added 1 more lot at 3015, above ST as the earlier entry is in profit.
covered one at 3099 and second at 3041(50 points), and reversed third at 3136, below 19:25 ! SL was 3158 on closing basis or 3159 on hit, was saved. Trade did a high of 3155 befre reversing ! :8+50+45=103

19:25 Sell below 3136, covered 1 at 3127, exited 2nd and reversed to long at 3129 : 9+7=16

20:20 Buy 3129, exited 1 at 3138, and reversed at 3120 to recover the loss of 9 points. 20:45 bar closed above MA, we were long, and then the bar closes below the MA, we reverse below the low less filter to recover the points lost in the long trade. The sell at 3120 gave 9 points and actually moved much more lower.: 9,-9,+9=9

21:10 : Close below the ST, sell below the low less filter, Sell at 3089. ST moves up when 21:15 bar is formed, we have our SAR above the high of the 21:15 barplus filter till the low of the 21:15 bar is not breached on closing or nearby basis. Trades as per ST only we take just 9 points profit and exit both lots. We could get 9 points and the trade was reversed to long above 21:55 at 3095 : 2x9=18

21:55 Buy 3095 : exit 1 at 9 points and exited second below 22:55 at 3099 ! We do not reverse as we donot take trades beyond 22:30
: 9+4=13

Total 13+103+16+9+18+13 = 172 less expenses.


 

gkpc

Well-Known Member
#6
18 Sep 15 :

12:40 Long 3056, 9 points done, Rev. at 3065 : 9+9=18
13:45 Sell 3065, 9 points done, Rev at 3062 due to ST, 9+3=12
14:15 Long at 3062 exited both at 9 points : 2X9=18
14:40 Sell at 3064, low 3064, SL and rev to recover, go long above 3076 to recover the loss or 9 points whichever is less, so exited at 3085 : -12X2 and +9X2:Total minus 6 points.
15:20 Sell 3085, One at 9 points booked, and added 1 lot below ST at 3065 ! Second lot booked at 50 points, and final lot added 18:15 high at 3013 : 9+50+52:111
18:15 Buy 3013, did a high of only 3017. Rev to short for recovering loss at 3096, a loss of 17X2=34! Recovered 18 points in reversal, Lost 16 !

(I did not trade after this, reason is obvious: Had >150 points gain, which got cut by 16 points loss in last trade! Anyways am posting the trades as I perceive them)

18:35 This bar was a WRB and next two bars were inside this bar's range hence a long was not triggered above 18:40 bar
18:55 Buy at 2988, Tgt of 9 points done, Price did not move above MA, so the SL remained at 2967 or 2968 on closing basis. The second lot was exited and trade reversed to sell below 20:25 at 3009

20:25 Sell at 3009, tgt done 9 points! Added 1 lot below ST at 2975 ! Price remained sideways for over 1 hour, now effort is to exit as close to cost as possible. Difficult to say what trades would be taken now as the "right" side of chart is visible and affects the 'would be' trades! But the worst would be that we exit the remaining 2 at say 2985, i.e. ten points above the last entry below ST ! : There is no Long trade as price did not reach BB Bottom. So this trade we had : +9,+24,-10=23
The next Short coming at 22:40 which is beyond our trade cut off time otherwise it gave a gain of 30+ points! (Maybe rethink on cut off time)

Total : 18+12+18-6+111-16+(23)+(30 not traded due to curfew time)= 160(190) (Only 137 traded)



 

gkpc

Well-Known Member
#9
21 Sep 15 :

10:05 Buy 2972 , 9 points done, Add abve ST 12:15 at 2992, a whip was avoided as 12:20 and 12:25 bars were inside bars. Did a high of 3000. ( A senior member has suggested to exit nearby where there is a round figure like 3000/2900/3100 etc. and reenter a bit above. This was not for Crude but NF and BNF, no idea how it works out in commodities) Exit and reverse at 12:45 low 2991 : 9+19+minus 1=27

12:45 Sell at 2991, did 9 points target, add 1 lot below 13:30 (ST) at 2975. Reversed to long at 2978 ! 9+13-3=19

14:05 Buy 2978 ,9 points done, high 2994, No add as ST close was not exceeded by filter. Reversed at 2984 : 9+6=15

15:00 Sell 2984, low 2974, does 9 point tgt. Second lot exited on close below and then close above MA at 2988. As profit booked did not reverse to recover: 9-4=5

16:35 Sell 2984, low 2982, no profit booking opportunity! Reversed above 16:50 as 16:45 bar closed below MA and 16:50 above MA, long at 2990 and loss of 6 points recovered : 2 trades : -6X2 and +6X2=0

17:35 Short 3009, low 3008. Reversed to long 3025 : Loss 16X2=-32
Long at 3025 did 3032 and exit and short at 3014 : Loss 11X2=-22

18:45 Sell 3014 , low 2994, 9 point tgt done, reversed to long at 3009 : 9+5=14

19:40 Buy 3009 High 3053, exit 3043 ! 9+34=43
Time over
Total : 27+19+15+5+0-32-22+14+43= 69

Not posting a chart, its very boring work to do ! :p
 

Dax Devil

Well-Known Member
#10
Dax bhai say well done both. gkpc alias aka RH6969 ;)
Well, if you say so. To me, id etc don't matter. Nor do the points made. What matters is the style of trading. Look at the timings of entry and exit. Total concentration and in total control. Mark douglas' 'trading in the zone' kind of. Such trading is dream trading. Points, money etc are just secondary, a natural consequence of a job well done. Hats-off thousand times to such trading.
 

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