Trading MCX Crude intraday based on RH6996 system modified

#31
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.


Please tell how do you decide your trade.
 

umeshmandal

Well-Known Member
#32
While GKPC responds to your request, you can see the initial details in post by rh6996 whose system has been modified by gkpc.
There is a thread under Commodities/energy about trading crude as per gann, rh6996 post is in that thread.
A few others are also using the same in their own way. Me too ! :D
 

marimuthu13

Well-Known Member
#33
What TF do you track the charts?
Do you trade intraday or positional or both.

Please share some insight of your trades and your experience trading crude?
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...........
 

gkpc

Well-Known Member
#34
Please tell how do you decide your trade.
Umesh sir had already posted what I might also have said. My additional rules are posted in this thread.
Its basically based on BB as suggested by rh6996 and I added Supertrend to it.
Trade taken when price reaches any top or botton bollinger band and moves towards the MA, we trade in that direction for a small target of 9/10 points and stay with the trend till it reverses.
Just price bars,BB and ST is needed on a 5 min. chart.
 

gkpc

Well-Known Member
#35
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...........
Any update on FINE TUNING !! ??? :p:D:)
 
#36
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...........
Hi,

As mostly said stay away from inventory as its too volatile at that time. how can u manage trade at that time...?:)
 

gkpc

Well-Known Member
#37


01. Bar 1 : Long above ST only 1 lot.
02. Exit was saved as Bar2 was an IDNR4
03. Bar4 was a Short, but went short below low of Bar3 as inside bar on BB.
04. Added qty below Bar5 , below ST
05. Long above Bar 6 , but used high of bar7 as level, as Inside bar on BB.
06. Exited below Bar 8

Overall a No profit no loss day ! The first trade saved the day otherwise would be a losing one.
 

marimuthu13

Well-Known Member
#39
Hi,

As mostly said stay away from inventory as its too volatile at that time. how can u manage trade at that time...?:)
hi
I wont trade for inventory result...

I wait 3 min after inventory result , till 8.03 pm then take trade ...

P.s:
trade on 30th Sep is loss of 15 points+ 1 points brokerage...

I aim for 1000 points per year , as of now 766 points (after deducting brokerage etc) earned from 19th Feb'15. lets see what is there in rest of this year...
 

pav

Active Member
#40
hi
I wont trade for inventory result...

I wait 3 min after inventory result , till 8.03 pm then take trade ...

P.s:
trade on 30th Sep is loss of 15 points+ 1 points brokerage...

I aim for 1000 points per year , as of now 766 points (after deducting brokerage etc) earned from 19th Feb'15. lets see what is there in rest of this year...

marimuthu sir,
plese enlightened us more about your trading strategy on inventory result day that how you take the trade after the 3 min of inventory result.


Regards
Pav
 

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