Nifty Futures Trading Part 2 (Positional)

[orderflow13]

please keep adding your option strategy's like above time to time satda .... god may bless you and czars sleeping profit on his off day

 

[pkamalesh]

Will take this position if nifty < deep maroon line

OR

Will take this position if nifty > deep maroon line

Sat sir...I dint understand this stratergy of urs..plzz explain if u get time..plzzz

 

[parttimetrader]

Is this analysis mechanically correct?

A little knowledge is a dangerous thing, but here I am trying to combine Fibonacci levels using 5300 and 3800 levels, and Gann Fans from the January highs. Using my Fibonacci levels I am above the 23.6% support and my long position continues until we break down on closing.

Using the Gann Fan (my first time using Gann's techniques), prices are currently above the main 1x1 downtrend line. If it goes back down, 3850 is likely to be tested again; but I will stay long as I am above the line.

I haven't used Gann angles before, so let me know if I am drawing/interpreting it correctly. The rise (in Metastock) is at 6357 minus 3790 = 2567 (with -ve sign) and run is 8-Jan minus 16-Jul, or 190.

 

[orderflow13]

Re: Is this analysis mechanically correct?

A little knowledge is a dangerous thing, but here I am trying to combine Fibonacci levels using 5300 and 3800 levels, and Gann Fans from the January highs. Using my Fibonacci levels I am above the 23.6% support and my long position continues until we break down on closing.

Using the Gann Fan (my first time using Gann's techniques), prices are currently above the main 1x1 downtrend line. If it goes back down, 3850 is likely to be tested again; but I will stay long as I am above the line.

I haven't used Gann angles before, so let me know if I am drawing/interpreting it correctly. The rise (in Metastock) is at 6357 minus 3790 = 2567 (with -ve sign) and run is 8-Jan minus 16-Jul, or 190.

hi part time trader
lookin at ur nice chart... though i am having problem to differentiate the gann lines, as 1 * 1 line is imp,( 45 degree),if its metastock i guess u can define the colors of different lines... i cant figure out lines as all are green ..
Alex

 

[learn2trade08]

gap up....
4400

 

[parttimetrader]

Re: Is this analysis mechanically correct?

Alex - The 5th line (from either side) is the 45-degree line - just visually look at the angles, which run from 7.5 degree to 82.5 degree. I don't think you can change the colors of individual lines in Metastock for a single study.

 

[learn2trade08]

Re: Is this analysis mechanically correct?

its been a while since i used ms,but i have a feeling you can....right click on gann lines and edit or something,not sure...satda should know about it since he is into ms...
all the best!

Alex - The 5th line (from either side) is the 45-degree line - just visually look at the angles, which run from 7.5 degree to 82.5 degree. I don't think you can change the colors of individual lines in Metastock for a single study.

 

[mitasatyajit]

Re: Is this analysis mechanically correct?

its been a while since i used ms,but i have a feeling you can....right click on gann lines and edit or something,not sure...satda should know about it since he is into ms...
all the best!

Sorry I could not have found any method to change the colours of different angles in metastock.

P.S. - I am using only linebaba.

 

[mitasatyajit]

gap up....
4400

If so, that is a good resistance point, next maroon line is passing through 4415 in the first hour.

 

[orderflow13]

Re: Is this analysis mechanically correct?

A little knowledge is a dangerous thing, but here I am trying to combine Fibonacci levels using 5300 and 3800 levels, and Gann Fans from the January highs. Using my Fibonacci levels I am above the 23.6% support and my long position continues until we break down on closing.

Using the Gann Fan (my first time using Gann's techniques), prices are currently above the main 1x1 downtrend line. If it goes back down, 3850 is likely to be tested again; but I will stay long as I am above the line.

I haven't used Gann angles before, so let me know if I am drawing/interpreting it correctly. The rise (in Metastock) is at 6357 minus 3790 = 2567 (with -ve sign) and run is 8-Jan minus 16-Jul, or 190.

hi part time trader
lookin at ur nice chart... though i am having problem to differentiate the gann lines, as 1 * 1 line is imp,( 45 degree),if its metastock i guess u can define the colors of different lines... i cant figure out lines as all are green ..
Alex

Alex - The 5th line (from either side) is the 45-degree line - just visually look at the angles, which run from 7.5 degree to 82.5 degree. I don't think you can change the colors of individual lines in Metastock for a single study.

For the sake of knowledge/ experiment/entertainment i draw this chart,which was submitted by partimetrader.I am not expert in gann, i never use gann for my decision to place trade,just thought its interesting so draw some lines and posted the remix chart
D.J. Alex