Trading through Gann Angles

[DPKAUR]

Today nifty has touched the 6080 level (which i posted on 2nd Jan). If spotnifty weekly close above (6080 -6095) this range the possibility is there that it can go upto 6290 levels. So trade with tight stoploss according to their own risk appetite.

 

[a1b1trader]

Hi
You mean closing above 6080 or above 6095
And if not then, or in between 6080-6095 then

 

[DPKAUR]

Hi
You mean closing above 6080 or above 6095
And if not then, or in between 6080-6095 then

Then think of starting a downward journey. Will post the levels in the evening. Bye for now

 

[prashant_trader]

Hi all,
Well Prashant ji first of all I would like to say sorry to you for replying you so late as I was not in the city because of some family functions. And I would also like to thank you for drawing my attention to see the markets from a new angle (described by you). As you rightly said that everyone will remain a student in learning Gann theories. So I am trying to answer your Question No.1 In this way u can square time & price . Draw horizontal lines @ these readings and see the magic. In the same way we can calculate the future dates and the price range from 4531 to 6083 (high on 18th Jan2013) assuming that time & Price has squared with each other. If 6083 is taken out in the forthcoming days the cycle will be changed and we have to calculate once again from 4531 to a new high..

Cycle : Zero Degrees Level 05/11/2010 6338.50(HIGH)

360 Degrees Level 20/12/2011 4531.15(LOW)

PRICE DIFF. : 6338.5 4531.15 = 1807.35

DAYS DIFF . : 410 DAYS.

FALL = 360 DEGREES.

1 DEGREE = 1807.35/360 = 5.02 POINTS APPROX.

TIME UNIT = 410/360 = 1.14 DAYS(APPROX)

PRICE UNITS : TIME UNITS(DATES)

0 DEGREE = 6338.50 (05/11/2010)

45 DEGREE = 6112.60 (26/12/2010)

90 DEGREE = 5886.70 (15/02/2011)

135 DEGREE = 5660.80 (07/04/2011)

180 DEGREE = 5434.90 (28/05/2011)

225 DEGREE = 5209.00 (18/07/2011)

270 DEGREE = 4983.10 (07/09/2011)

315 DEGREE = 4757.20 (28/10/2011)

360 DEGREE = 4531.15 (20/12/2011)
Above calculations are done assuming we have made an important bottom at 4531.15 on 20.12.2011
Hope I have sorted out some part of ur query.

Thanks DP for the answer!
I guess there is some confusion here and the mistake is entirely mine
as I did not mention that I asked those two questions with regards to DRAWING A CORRECTLY SQUARED AND SCALED CHART. I asked you these
questions as you draw your charts by hand, and you definitely came across
this problem, so how did you overcome this problem.
PLEASE ANSWER THESE TWO QUESTIONS VIS A VIS DRAWING A HAND CHART.


see here
1 DEGREE = 1807.35/360 = 5.02 POINTS APPROX.

TIME UNIT = 410/360 = 1.14 DAYS(APPROX)

Problem is how can one plot 1.14 days in a chart it could be either
one day or two days

I AM SORRY FOR BOTHERING YOU

 

[akhill]

Hi,

I want to know how you calculate price step for setting up those angles ?

 

[a1b1trader]

Then think of starting a downward journey. Will post the levels in the evening. Bye for now

Still awaiting!!!

 

[DPKAUR]

Nifty faced resistence exactly @ the Gann angle.Support @ 5965 and next resistence level is 6125

 

[NANDAMAD]

Sorry, a silly question, pl tell me whether these are futures or spot.
regards,

 

[DPKAUR]

Dear Prashant sir,
Practically it is not possible to draw angles in 1.14 days u have to make it to the nearest integer. So there is another way, draw horizontal lines at these readings and see still it is working very fine. And to draw the GAnn angles u need some base either a top or a bottom for calculating the future reference. I am attaching a famous Gann's Bean chart where you can see very clearly that Mr. Gann was using his Gann angles (marked with red circle) either @ the top or @ the bottom for future reference. In this pic there are also other planetary angles which you can point out very well. And one request to you: please l want to learn how to draw/calculate these planetary lines from you please help me in this context......

Horizontal lines drawn @ the Degree readings which were calculated in the earlier post.

 

[justy]

@ Nadamad see @ the top of the chart its showing that the chart is of Nifty spot so the levels given must be of spot...