Trading through Gann Angles

[amitsh27]

Weekend pressure (5th being saturday)

 

[DPKAUR]

Weekend pressure (5th being saturday)

The effect will be either on 4th or on 7th of Jan if 5th is a non working day. Its +- one day

 

[DPKAUR]

Re: sbin

I suppose it's a spot chart & spot levels?

yes mangup these are spot levels

 

[amitsh27]

The effect will be either on 4th or on 7th of Jan if 5th is a non working day. Its +- one day

Okay.....it made a 52 week high today and so as per your levels, down journey should start now....
lets see the magic of GANN

 

[mangup]

Re: sbin

Dear All,
Get ready for the action in SBIN. As today it has given signals to get ready for initiating short trade in it. A short trade in SBIN should be initiated @ 2480-2484 as it will be completing its 360 degree rotation which is a strong resistance for it. For safer short trade in SBIN , if it touches 2484 and then closes below it then initiate the short trade in it (at 3:20pm). Also there is -ve Wolfe Wave with (-ve divergence in RSI) in SBIN which is also confirming for shorting in this counter. Stop-loss 2500 Target 2400, 2364. Attaching 2 charts of SBIN. :thumb:

Hi DPKAUR,

SBIN closed above 2485. Can v short or wait for close below 2485? What will b the SL?

 

[anup]

Hi DPKAUR,

First off all i would like to congratulate for the beautiful thread on Gann angles,It would be better if you let us know how to draw the gann angles and use of it to identify the buying and selling opportunity

 

[DPKAUR]

Do one thing on this weekend. I am giving you some angles and their values. Take a protector (D), a rubber & a pencil and start draw these angles on a blank graph paper. And then from the top take 6335 (the high of nifty made on 05/11/2010) as the initial value. Now take the nifty spot weekly readings and start drawing the bar chart and see the magic of Gann angles. A Close above or a close below any angle the next angle will act as a resistance or support.
These are 11 Gann angles and their degree values:-
1x16 86.25 degrees
1x8 82.5 degrees
1x4 75 degrees
1x3 71.25 degrees
1x2 63.75 degrees
1x1 45 degrees
2x1 26.25 degrees
3x1 18.75 degrees
4x1 15 degrees
8x1 7.5 degrees
16x1 3.75 degrees
First draw these degree lines and then mark chart reading on it. Attaching a graph of niftyspot for your help. i have drawn this chart upto 17/8/2012. See how nifty is giving respect to Gann angles.

 

[Rish]

Do one thing on this weekend. I am giving you some angles and their values. Take a protector (D), a rubber & a pencil and start draw these angles on a blank graph paper. And then from the top take 6335 (the high of nifty made on 05/11/2010) as the initial value. Now take the nifty spot weekly readings and start drawing the bar chart and see the magic of Gann angles.
These are 11 Gann angles and their degree values:-
1x16 86.25 degrees
1x8 82.5 degrees
1x4 75 degrees
1x3 71.25 degrees
1x2 63.75 degrees
1x1 45 degrees
2x1 26.25 degrees
3x1 18.75 degrees
4x1 15 degrees
8x1 7.5 degrees
16x1 3.75 degrees
First draw these degree lines and then mark chart reading on it. Attaching a graph of niftyspot for your help. i have drawn this chart upto 17/8/2012. See how nifty is giving respect to Gann angles.

:thumb::thumb::thumb::thumb::thumb::thumb::thumb:

 

[mangup]

I think these graphs can be easily & precisely drawn on Auto Cad.
Will all the angle lines carry same significance? Will it be same a fib fan as done in metastock?

 

[anup]

Great Work DP,Can we draw in any of the charting software (ofcourse free software)..thanks for your help in making us learn