Trading Nifty by Levels

[shivangi77]

4793.16 is GANN's first buy target!

Gann's levels are so accurate, that the price will stretch sometimes to touch
that level and then will resume its course..

For profit booking, it's advised to take only 99.97% of the targetted level.

please tell the post where this 99.97% strategy is written, as I am unaware of this philosophy of booking targets before targets given by Gann.

 

[murthyavr]

please tell the post where this 99.97% strategy is written, as I am unaware of this philosophy of booking targets before targets given by Gann.

I don't think I understood your post.

What is 'booking targets'? One books profits, or books losses.

 

[shivangi77]

Why??

The first buy signal (Nifty Fut) triggered at 09.55 made it to 4791.80 (First target
is 4793.16 and 99.97% of it comes to 4791.72). StopLoss was not hit in between.

The second signal - a Sell this time - triggered during 02.15 and made it to 4740.40,
whereas the first target is only 4746.14. StopLoss was not hit in this case too.

Of course, you should trail your Stop Loss in the direction of the trade to lock
your profits.

also if high is of 4791.85 and our bid is of 4791.72 and suppose we have 50 lots then are we done with the trade? Means to say, can we be so precise?

 

[shivangi77]

I don't think I understood your post.

What is 'booking targets'? One books profits, or books losses.

I mean to say where its said that profits, while trading through Gann, can be booked at 99.97% of original target?

 

[s011y]

I mean to say where its said that profits, while trading through Gann, can be booked at 99.97% of original target?

They are self made rules. Likes OICL made one rule where he enter the trade with +2 point of whatever level is specified (in case of buy and vice versa of sell).

 

[murthyavr]

I mean to say where its said that profits, while trading through Gann, can be booked at 99.97% of original target?

It's your choice.. you can wait till 100% target is achieved!

 

[vaishraju71]

hi shivangi
how maintain the midpoint trade during volatile mkt. bcas sometimes sudden reverses many times in the midpoint

 

[shivangi77]

It's your choice.. you can wait till 100% target is achieved!

Ya sir, that I am saying
Its our individual choice when to book targets,I wrote that Stoploss of long triggered & its true as per Gann theory because gann target not achieved,so far individual trades are concerned we can use targets of even 10 points.

 

[murthyavr]

also if high is of 4791.85 and our bid is of 4791.72 and suppose we have 50 lots then are we done with the trade? Means to say, can we be so precise?

Exactly..

Since we can not be so precise in catching the exact highs and exact lows,
a precaution is set at 99.97%

If you are good in technical analysis, read the price chart very well with particular
reference to price-action, you will have a choice to decide between exiting
at 99.97% or waiting beyond 100%. In that case, levels don't matter at all.

 

[shivangi77]

hi shivangi
how maintain the midpoint trade during volatile mkt. bcas sometimes sudden reverses many times in the midpoint

I keep Stoploss of 3-4 points only then reverse, also get out once I am in profit