Intraday Trading Using Gann Calculator

[razx5]

nf has broken 5967.75 but spot lagging behind..wait for spot ot go above 5967.75 and take coreesponding position in nifty futures

nifty futures bought at 5978 when index broke 5967.75..trgt1 5987.15..stoploss 5948.40

 

[razx5]

nifty futures bought at 5978 when index broke 5967.75..trgt1 5987.15..stoploss 5948.40

exit below 5958.85 spot or futures 5967..market is volatile..trgt1 has achieved eventhough jus 8 points(5987.15)..even if v exit at 5967 v ul b jus losing brokerage as loss

 

[razx5]

exit below 5958.85 spot or futures 5967..market is volatile..trgt1 has achieved eventhough jus 8 points(5987.15)..even if v exit at 5967 v ul b jus losing brokerage as loss

market is behaving xctly like monday..where it touched day low of 5904 and rose sharply and broke day high of 5948..achieved trgt 1 of 5967..then fell sharply,did not trigger stop of 5927..made low of 5933 and ended at day high..today also same..made day low of 5938 at 9.49 a.m..then rose sharply broke day high of 5963.10 and achieved 1st tgt of 5987..has come down till 5967..so keep a tight stoploss of 5948.40(not 5967 as i have mentioned in mky earlier post) as index yet to achieve 5987..so according to index the stop is 5948.40..lets wait and hope market behaves exctly like monday

 

[razx5]

market is behaving xctly like monday..where it touched day low of 5904 and rose sharply and broke day high of 5948..achieved trgt 1 of 5967..then fell sharply,did not trigger stop of 5927..made low of 5933 and ended at day high..today also same..made day low of 5938 at 9.49 a.m..then rose sharply broke day high of 5963.10 and achieved 1st tgt of 5987..has come down till 5967..so keep a tight stoploss of 5948.40(not 5967 as i have mentioned in mky earlier post) as index yet to achieve 5987..so according to index the stop is 5948.40..lets wait and hope market behaves exctly like monday

stoploss triggered at 5948 guys..loss of 19 points..now go short below 5929

 

[razx5]

stoploss triggered at 5948 guys..loss of 19 points..now go short below 5929

hope evry1 made money today..v got sel below 5929 at 2.10 p.m when spot also broke below that level..covered 1/2 at 5909..2nd trgt 5890..trailins stop to 5909..3rd trgt 5871..trailing stop to 5890..4th tfgt 5852..trailing stop to 5871..triggered at 3.20 p.m..profit of 39 points in this trade

 

[razx5]

i still have to finetune regarding the stoploss..so far entry is perfect..i m practisin trading thru gann since 1 mnth..it is giving returns as far as trending market is concerned..still have to c how it works during volatile days or sideways movemets..didnt njoy the first part of trade on monday and today as stoploss triggered..end of day made profit bcoz market had either free fsall or free up breaking all levels comfortably..but everyday wont b like last few days..yest v had korea crisis..today v had fake housuing loan scams..what i mean to say..according to gann trades v set a trgt of level and even stoploss 1 level below..so our risk reward ratio becomes 1 to 1..deducting brokerage and stt..it almost becomes 1 to 2..means..one stoploss ul wipe out 2 profit trades..m still finding some ways to exit in min loss so that our risk reward ratio bcomes atleast 2 to 1..means..1 winning trade will recover 2 stoplosses..i ul def come up with some techniques in coming posts..

 

[bhaskar145]

i still have to finetune regarding the stoploss..so far entry is perfect..i m practisin trading thru gann since 1 mnth..it is giving returns as far as trending market is concerned..still have to c how it works during volatile days or sideways movemets..didnt njoy the first part of trade on monday and today as stoploss triggered..end of day made profit bcoz market had either free fsall or free up breaking all levels comfortably..but everyday wont b like last few days..yest v had korea crisis..today v had fake housuing loan scams..what i mean to say..according to gann trades v set a trgt of level and even stoploss 1 level below..so our risk reward ratio becomes 1 to 1..deducting brokerage and stt..it almost becomes 1 to 2..means..one stoploss ul wipe out 2 profit trades..m still finding some ways to exit in min loss so that our risk reward ratio bcomes atleast 2 to 1..means..1 winning trade will recover 2 stoplosses..i ul def come up with some techniques in coming posts..

Hi Raz,

Truely said, though entry looks ok now, RRR is d problem of this system. 1st target is around 16/17 points whereas SL is 20 points away frm entry, then there is brokerage+taxes. All together we need more than 66% provitable trade to brk even. Lowering SL leads to whipsaw.

Anyway there is no learning experience in days like today. Any brk out / brk dwn system will make money in these days.

 

[razx5]

Hi Raz,

Truely said, though entry looks ok now, RRR is d problem of this system. 1st target is around 16/17 points whereas SL is 20 points away frm entry, then there is brokerage+taxes. All together we need more than 66% provitable trade to brk even. Lowering SL leads to whipsaw.

Anyway there is no learning experience in days like today. Any brk out / brk dwn system will make money in these days.

correct..as far as todays day is concerned..its xpiry and v avoid trading on the current mnth contract and take december contract...opening low for spot is 5878.40 and for contract is 5900..so sell below 5871.65 spot and futures 5890.75..spot broke below 5878.40 and made low of 5858.20..but our december contract sell did not trigger ..made low of 5890.25(always keep atlest 1 point below/above)..next short only below 5852.20 spot and nifty futures still sell below 5890.75..v go long on nifty futures at 5929 when spot goes above 5909.90

 

[razx5]

correct..as far as todays day is concerned..its xpiry and v avoid trading on the current mnth contract and take december contract...opening low for spot is 5878.40 and for contract is 5900..so sell below 5871.65 spot and futures 5890.75..spot broke below 5878.40 and made low of 5858.20..but our december contract sell did not trigger ..made low of 5890.25(always keep atlest 1 point below/above)..next short only below 5852.20 spot and nifty futures still sell below 5890.75..v go long on nifty futures at 5929 when spot goes above 5909.90

no trade till now as market is very volatile ahead of xpiry..v r long above 5909.90 spot and short below 5852.50..do even think of trading between these levels..u ul get chopped off like meat

 

[razx5]

no trade till now as market is very volatile ahead of xpiry..v r long above 5909.90 spot and short below 5852.50..do even think of trading between these levels..u ul get chopped off like meat

v r short on dec futures at 5877 when spot went below 5852.50..stoploss is 5871.50 spot