Intraday Trading Using Gann Calculator

[razx5]

todays trading went like this..nf low of 5933 gave sell bleow 5929..triggered at 9.39 a.m..trgt1 of 5909 achieved..trailing stop to 5929..triggered at 10.48a.,,profit of 5points avg..next spot high is 5941.75 and nf high was 5951(jus 3 points above 2/8 level)..so buy above when spot breaches 5948.40..nf went above day high of 5951 but spot did not cross..next sell below 5890.75 spot as day low is 5895 and nf should go down below as 5890.75 as day low is 5905..spot went down but nf made low of 5892.40..next sell bleow spot 5871.65 as day low is 5886.25 and nf should go below 5890.75..m sure nifty future will go below 5890.75 as it s jus 2 points away from its sell level but spot has to cross 15 points..as nf trading jus at 8 points premium its difficult v get entry..good if v dont get entry as market is really choppy and range bound

as xpected no trades were there..good v didnt get any entry..anysenseful trader doesn want to enter todays kind of market..nf broke 5890.75 but spot did not breach..by the time spot breached 5871.65 nf had made low of 5886..so sell below only 5871..it made only low of 5872.85..

 

[razx5]

todays trade went like this..no trades till 1p.m..day low of 5882 gave us sell bleow 5871.65..triggered at 1p.m..stoploss was 5878.30 as it was the high formed after amking low of 5863.10..triggered..loss of 13 points..then next day high of 5921.80 gave buy above 5929..entered long at 2.22 p.mmtrgt 1 5948.40 achieved..trailing stop was triggered at close of the day at 5963..so profit of 22 points..alrogethr profit of 9 points today

 

[yashpalraghav]

sir this was very informed article and useful, from somewhere i got excel of gann and i was using without any knowledge of its working but levels were amazing and it was very useful,
thanks for providing such a good details...

 

[razx5]

sir this was very informed article and useful, from somewhere i got excel of gann and i was using without any knowledge of its working but levels were amazing and it was very useful,
thanks for providing such a good details...

thanx man..any doubt regarding gannstuff trdae..u post it here..i ul answer back..u also read my post http://www.traderji.com/day-trading/47739-golden-rules-trading-thru-gannstuff.html

 

[razx5]

todays trading--opening high of 5987.70 itself is a 3/8 gann level..so buy above 5987.15..triggered..1st trgt is 6006.50..trailing stop to cost..broke 6006.50 and made high of 6017.90..trailing stop of cost did not triggr..finallyu at 1.38 p.m after almost 3hrs..it broke 6017.90..but cld not sustain above that level ..so v exit full at 6015 levels..profit of 19 points avg..

 

[praveenpious]

Dear,

Can the same be done with excel 2003 format.

Thanks in Advance,

BALMAL

I am not sure about that. I tried to save the listed excel document in the 2003 format and it was showing some errors..

 

[extremist]

todays trading--opening high of 5987.70 itself is a 3/8 gann level..so buy above 5987.15..triggered..1st trgt is 6006.50..trailing stop to cost..broke 6006.50 and made high of 6017.90..trailing stop of cost did not triggr..finallyu at 1.38 p.m after almost 3hrs..it broke 6017.90..but cld not sustain above that level ..so v exit full at 6015 levels..profit of 19 points avg..

first of all thanx to radha sir and razx5 sir.
i've one query.
what if i want to apply gann square to get weeky levels.?
i mean how to take LTP or WAP in this case.
iwould be very greatfull to u if u could explain it to me.


thanking u in advance....!

 

[extremist]

Lets Do some practical trade based on Gann Calculator.

This is tarde for HDFC on 26th Mar 2010.

During 9:05-9:15 am, the WAP (Weighetd Average Price) of HDFC in NSE was 2607

By entering this value in Gann Calculator, you get the Gann square similar to below one.

.

As per this we should buy above 2613 and short below 2601.

If you look, the price didnt went below 2601 after 9:15 am.

But price went above 2613. So we enetered in long at 2613.

Our Target 1 2625 got achieved soon.
The price was not able to sustain above 2625 for more than 5 min.
Infact the HDFC touched 2625 and started moving in rang 2618-2623. So there is possiblity for HDFC to move in downward direction.
So we square off at CMP ( 2620 )(approx price).
We ended up in profit of 2620 - 2613 = 7rs.

Now we take 2620 as our reference price. and put it in Gann Calculator.
We get the below recommendations

Recommendation:
Buy at / above: 2626.56 Targets: 2638.07 - 2650.92 - 2663.8 - 2676.72

Sell at / below: 2613.76 Targets: 2602.3 - 2589.55 - 2576.85 - 2564.17

So we buy only if price moves above 2627.

After 1-2 hrs, HDFC started moving up and it confirmed its uptrend by crossing the price 2627.

So we eneterd long again at 2627.

Our target 2638 just got touched and again price started falling indicating pressure at 2638.

So try to square off at price near to 2638.

And if look at the intraday graph of HDFC we see the HDFC was seeing resistance at 2625 and then at 2638. (see the image below)

first of all thank you very much radha sir for the usefull post.
i've one query.
what if i want to apply gann square to get weeky levels.?
i mean how to take LTP or WAP in this case.
iwould be very greatfull to u if u could explain it to me.


thanking u in advance....!

 

[razx5]

first of all thank you very much radha sir for the usefull post.
i've one query.
what if i want to apply gann square to get weeky levels.?
i mean how to take LTP or WAP in this case.
iwould be very greatfull to u if u could explain it to me.


thanking u in advance....!

better put up this query to mr.radha..no idea..as i m a strict day trader

 

[radha55]

first of all thank you very much radha sir for the usefull post.
i've one query.
what if i want to apply gann square to get weeky levels.?
i mean how to take LTP or WAP in this case.
iwould be very greatfull to u if u could explain it to me.


thanking u in advance....!

Thanks to All for participating in this thread

To answer, extremist.

This is purely intraday calculator.

Dont use it for swing trading. or weekly calculation.

You can use Gann Positional and Swing Calculator for positional and swing trading.

You can find that calculator xxxxxxxxxxxxxxxxxxx