Intraday Trading with Gann

ocil

Well-Known Member
As per LTP at 9.30 5148

Buy at/above 5148 Targets: 5163/ 5181/ 5199/ 5217/ 5236
Stop loss: 5130
Sell at/below: 5130 Targets: 5115/ 5097/ 5079/ 5061/ 5044
Stop loss: 5148

Resistance: 5166 / 5184/ 5202/ 5220/ 5238
Support: 5112/ 5094/ 507/7 5059/ 5041

T1 hit on buy side.
 
LTP 09:30 5148.85, Open - 5148.75, High -5151.60, Low - 5142.15, clsoe 5148.85 indicating downtrend in market for today only.

BUY above 5166.01, TGT 1 5181.40, TGT 2 5199.41, TGT 3 5217.45, TGT 4 5235.52
SL 5148.05 Resistance - 5184, 5202, 5220, 5238,5256

Sell Below : 5148.06 TGT 1 5132.70, TGT 2 5114.80, TGT 3 5096.93 TGT 4 5079.100
SL 5166.05 Support 5130.140, 5112.25, 5094.39,5076.56,5058.76

Actually sell got triggeted at 10:09 and touched first target of 5132.70 briefly touched 5142 and went down to 5128.88 and again went up 5143 came down to 5134 @ 10:35 and agin went up 5140 @ 10:39 , Let me see as i shorted at 10:24 5136.6 as i had to come from my village and got sturck at traffic first candle opened for me was 09;57.
 

jallanankit

Well-Known Member
As per LTP at 9.30 5148

Buy at/above 5148 Targets: 5163/ 5181/ 5199/ 5217/ 5236
Stop loss: 5130
Sell at/below: 5130 Targets: 5115/ 5097/ 5079/ 5061/ 5044
Stop loss: 5148

Resistance: 5166 / 5184/ 5202/ 5220/ 5238
Support: 5112/ 5094/ 507/7 5059/ 5041

T1 hit on buy side.
OCIL... u missed the decimal while checking the VWAP value today..
because of tht u r getting different values..(one level down)..
Check the next post in this thread.. tht is the correct value...!!
 
Dear Friends,

Incase , SL hits how take new values for calculation. And in case first target and we come out with full order. incase of reentry to be decided and the price hovers around jsut above buy or sell signal and below first target, when and how to enter or decide which side the price would move.

Any help on this?
 

ocil

Well-Known Member
Dear Friends,

Incase , SL hits how take new values for calculation. And in case first target and we come out with full order. incase of reentry to be decided and the price hovers around jsut above buy or sell signal and below first target, when and how to enter or decide which side the price would move.

Any help on this?
In case SL hit, i will not trade that side again. that is my simple rule. Even i miss 100 points. if both the SL hit i am out for that day.
 

ocil

Well-Known Member
OCIL... u missed the decimal while checking the VWAP value today..
because of tht u r getting different values..(one level down)..
Check the next post in this thread.. tht is the correct value...!!
Dear Ankit i am not using VWAP value i am stick to LTP or closing candle price at 9.30.
 
Buy at / above: 5058.76 Targets: 5074.02 - 5091.84 - 5109.69 - 5127.57
Stoploss : 5041
Sell at / below: 5041 Targets: 5025.77 - 5008.06 - 4990.38 - 4972.73
Stoploss : 5058.76
 
Do you take VWAP of 09;15 candle or 09:30 closing candle , i have also seen there are difference in price between 09:30 candle price of different brokers terminal say by 1 to 8 points. For eg when i checked ODIN closing candle it was 5048.3 but when i checked with DTS guys online their candle close was 5054.10 even though they use odin but there data extraction is used by manish rt utility for RT from odin to ami. There should not be a difference of this much , what could be the reason? Also to mention on 21st i made a loss of 22 point but i gained it on 22nd sept again by waiting until it reached the first 20 points. even though market was down.

On 21st it reached a target of 5113 by noon. i had to close the trade as both side buy and sell made a sl hit. hence was not sure. is there anyother way to find out that atleast it will touch first target as per gann. i have seen the first down it goes it bounces back before touching the first target to near sl price again and hovers around it.

Any guidence from Gann seniors and experts on this behaviour of price movements?
 

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