Intraday Trading with Gann

[ocil]

thanks buddy
did u check the VAMP levels its totally different


Recommendation:
Buy at / above: 5130.14 Targets: 5145.48 - 5163.43 - 5181.4 - 5199.41
Stoploss : 5112.25
Sell at / below: 5112.25 Targets: 5096.93 - 5079.1 - 5061.29 - 5043.52
Stoploss : 5130.14

now which to consider i really getting confusing

Dear Here is the solution for your confusion..See below
Example1. Say Nifty is trading at Rs 5100 at particular time of a day(9.30) if the high of the day is Rs5150 and low is Rs5080 then the mid point of high to low is (Rs5150+Rs5080)/2= Rs5115. hence the current market price maintains the Rs 15 difference from the mid point and qualifies for the input. this case we use LTP price

Example2. Say Nifty is trading at Rs 5100 at particular time of a day (9.30) if the high of the day is Rs5103 and low is Rs5080 then the mid point of high to low is (Rs5150+Rs5080)/2= Rs5091.5 The difference between the mid point and the current market price is Rs8.50 hence the current market price does not qualify for the input in the calculator. You need to take Rs5091.50 as the input in the calculator.

Hope this will help you. Good day...

 

[rammmeo]

square off at 5124

 

[ocil]

T1 hit Nifty Range bound move TSL to CTC at 5014....because nifty is week below 5120

 

[rammmeo]

Dear Here is the solution for your confusion..See below
Example1. Say Nifty is trading at Rs 5100 at particular time of a day(9.30) if the high of the day is Rs5150 and low is Rs5080 then the mid point of high to low is (Rs5150+Rs5080)/2= Rs5115. hence the current market price maintains the Rs 15 difference from the mid point and qualifies for the input. this case we use LTP price

Example2. Say Nifty is trading at Rs 5100 at particular time of a day (9.30) if the high of the day is Rs5103 and low is Rs5080 then the mid point of high to low is (Rs5150+Rs5080)/2= Rs5091.5 The difference between the mid point and the current market price is Rs8.50 hence the current market price does not qualify for the input in the calculator. You need to take Rs5091.50 as the input in the calculator.

Hope this will help you. Good day...

thanks
how much minimum diff there should be to qualify between the midpoint and current market price

 

[namita_mishra]

Bought at 5112
Sold at 5126 :thumb:

Namita

 

[rammmeo]

Bought at 5112
Sold at 5126 :thumb:

Namita

now how u determine ur next entry

 

[ocil]

Move TSL 5120

 

[namita_mishra]

now how u determine ur next entry

Im waiting to c if the markets tanks from here. If it does show signs of weeknes il short sub 5100 levels. No more long positions for me today.

Namita

 

[ocil]

Im waiting to c if the markets tanks from here. If it does show signs of weeknes il short sub 5100 levels. No more long positions for me today.

Namita

IF TSL hit...then i will use next candle closing price to get the new levels...for the time being if you have no trade...go for walk or have cup of tea.....

 

[namita_mishra]

IF TSL hit...then i will use next candle closing price to get the new levels...for the time being if you have no trade...go for walk or have cup of tea.....

Dear Ocil, I am a total illeterate in terms of studying charts. I have never tried actually.
Oh did i tell you, I squared off my position at 5126. Ideally I would have kept a TSL and traded but a gutt feeling said its not looking too good. So took the money off the table.

and yeah Im sipping on some hot coffee with my music on
its been a good morning till now.
how has it been for you?

Namita