Intraday Trading with Gann

[DGH]

Hello to all Members...This thread only for nifty intraday trader with Gann Calculator.......this Week I have booked 590 nifty points. Let discuss how we can use this Gann Calculator for good performance & minimize the loss. Pls note with Gann I am also using Daily pivot & Daily support/ Resistance of nifty to minimize the SL.

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Hi,

Pl let me know how do u arrive at the support and resistance.. is this the pivot support and resistance or through some other tool..

Pl advice..

Regards
DGH

 

[kcsusha]

Dear Sir,
Nobody has given answer for how to arrive at tomorrow,s Nifty
levels based on today, EOD data.

 

[ocil]

Dear Sir,
Nobody has given answer for how to arrive at tomorrow,s Nifty
levels based on today, EOD data.

for that u have to use Gann tools.....URS is using Gann wheel for EOD levels.....

 

[Aloakdutt]

for that u have to use Gann tools.....URS is using Gann wheel for EOD levels.....

Dear OCIL

Reequest your assistance , do you have gann tools or how to find one, i have tried a lot to find but could not find one.

Urs

 

[Aloakdutt]

As per Gann Angle for tommorrow


Resistance

1X16 -

1X8

1X4(Buy Price)

1X3(Target-1)

1X2(Target-2)

1X1(Target-3)

2X1(Target-4)

3X1(Target-5)

4X1(Target-6)

8X1(Target-7)

16X1(Target-8)



Price

4781.8809

4784.7626

4790.5287

4793.413

4799.1843

4813.6277

4828.0927

4833.8848

4836.7822

4842.5795

4845.4795



support

16X1

8X1

4X1(sell Price)

3X1(Target-1)

2X1(Target-2)

1X1(Target-3)

1X2(Target-4)

1X3(Target-5)

1X4(Target-6)

1X8(Target-7)

1X16(Target-8)



Price

4776.12

4773.2409

4767.4852

4764.6087

4758.8583

4744.4973

4730.1581

4724.4285

4721.565

4715.8406

4712.9797

 

[Aloakdutt]

Iam going to test the above prices as per gann angle for tommorrow. anybody looking into it please paper trade before you do actual trade.

 

[Debarghya Mukherjee]

Many said this

"Stay away from range bound market. But we trade at the left part of the chart. How can I know this is going to be a range bound market in advance?"

BOTH ARE DOING WELL. IN RANGE BOUND TREND IT IS BEST TO STAY OUT, SORRY FOR THE CAPS.

ONLY THINK IN eod IF YOUR BROKER ALLOWS TO PUT AFTER MARKET HOUR ORDER , YOU MAY BENEFIT ON TOMMORROWS OPENING, IF YOU KNOW WHICH DIRECTION IT MAY OPEN, IF NOT YOU CAN PUT BOTH BUY AND SELL ENTRY WITH SL WHICH EVER GETS TRIGGERED YOU CAN GO WITH IT AND CANCEL THE OTHER ONE.

ALREADY IN INTRADAY IT HAS TOUCHED 1ST TARGET TODAY AND AS PER eod BUY ENTRY HAS NOT YET COME, BUT SELL ENTRY 4855 HAS COME AND CURRENTLY TRADING AT 4833 LOW MADE IS 4831 SO TWO TARGETS MET. SO I WOULD SAY COME OUT OF TRADE FOR TDAY IF YU HAVE PUT TRADE ENTRY AS PER EOD. DONT TRADE AGAIN AND TODAY INTRADAY SELL ENTRY IS 4830.119. IF ONE IS NOT CONFIDENT THEN NOT TO TRADE.

THANKS
ALOK URS

 

[Aloakdutt]

Many said this

"Stay away from range bound market. But we trade at the left part of the chart. How can I know this is going to be a range bound market in advance?"

Dear Debb

There are many indications for range bound market, for eg- SL hitting on both sides but price wil not go beyond it and comes back to mid point price. Pivot levels not crossing previous high or low. as per my observation sofar in range bound there is only one BO can be either sell side or buy side.

Another way i try to find if it is range bound is with EMA they get congested and cross over cannot be seen they move in straight line if you observe price also moves between them.

You may have different ways to check it. Another example is when price gives buy or sell signal it moves 3 or 4 rs and comes back to signal line mostly never crosses 10 points too it will be withing that range for some particular time.

Another thing is when iam doing calculations based on EOD , when it shows price is in congestion mode , i would understand that next day there would be range bound but how long i do not know. ususally tgt 1 will be met early opening trade or somewhere in mid. this is my observation.

Iam still learning how to see see reversal of range bound in intraday. atleast to min of 15 point gain. market is not in our control , usually controlled by govt , big players and FII AND DII's big brokers. Govt hand is in play because even the big players would be getting news of good or bad previous day or mid of trade day, including big company results .. source will always be confidential. most of the time, news are meant for common man to be trapped and money siphoned by big players. more money is with common man.

It is common for layman to say haare yaar , i should have bought or sold today i would have made money during news days. until unless if you have a very good broker who gets authentic news. I have myself seen several times how brokers get news, for eg when i used to work for a big financial industry of india, They all have a network with FII & DII and BIg industry.

Let me know if there is any other way also to check. Eager to learn.

Thanks
Urs

 

[vaishraju71]

for better result take the value of first half an hour midpoint instead of vwap

 

[Aloakdutt]

for better result take the value of first half an hour midpoint instead of vwap

Dear Vaishraju,

is it 09.45 vwap or 10:00 am