|
|
| View previous topic :: View next topic |
| Author |
Fibonacci and Gann Numbers |
freedom
White Belt
Joined: 06 Jul 2011
Posts: 126
|
Post: #16  Posted: Tue Feb 14, 2012 6:58 am Post subject: |
 |
|
| [CONTENT REMOVED BY ADMIN]
|
|
| Back to top |
|
 |
|
| |
freedom
White Belt
Joined: 06 Jul 2011
Posts: 126
|
| Post: #17 Posted: Tue Feb 14, 2012 7:31 am Post subject: |
|
|
| [CONTENT REMOVED BY ADMIN]
|
|
| Back to top |
|
|
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #18 Posted: Tue Feb 14, 2012 9:02 am Post subject: Re: Fibonacci and Gann Numbers |
|
|
| codered wrote: |
Anna what would you say about 4558 to 4414, How many people have the Guts to wait till this NUMBER & if CLOSING BASIS, than GOD SAVE THEM.
|
codered,
hello,
for positional trades big sl are normal. sometimes sl are as big as 3-5% of price. positional traders understand this and feel comfortable with it.
Point is when u r trading positional, u shud not be on the wrong side of market.
rgds
ravee
|
|
| Back to top |
|
|
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #19 Posted: Fri Feb 17, 2012 9:14 am Post subject: |
|
|
Mr Ramesh raja,
hello,
Sir, i tried to give an effort to the fibbo table as uploaded by you. Few observations;
1. 2 red numbers in a row are associated with each other with a ratio of .91 approx. eg 555 and 610; 555/ 610 = .91
2. 2 red numbers in a column are associated with each other with a ratio of .618 approx eg 144 and 233; 144/233 = .618
3. between two numbers, the three numbers written in white are 23.6, 38.2 and 61.8 ret between those two red numbers. eg between 42187 and 46368, three white numbers ie 43784, 44771, 45381 are 23.6, 38.2 and 61.8 ret levels for a total length between 42187 and 46368.
I have found these numbers to be pretty accurate. eg. coalindia retraced from 343 twice.
I trade hourly tf and wish to have these kind of numbers for hourly, so that tsl can be trailed. Kindly suggest further how to arrive at numbers for hourly.
Thanks and Regards
Ravee
|
|
| Back to top |
|
|
s.muthuswamy
White Belt
Joined: 15 Jun 2008
Posts: 96
|
| Post: #20 Posted: Fri Feb 17, 2012 7:26 pm Post subject: Gann spiral numbers |
|
|
| singh.ravee wrote: | Mr Ramesh raja,
hello,
Sir, i tried to give an effort to the fibbo table as uploaded by you. Few observations;
1. 2 red numbers in a row are associated with each other with a ratio of .91 approx. eg 555 and 610; 555/ 610 = .91
2. 2 red numbers in a column are associated with each other with a ratio of .618 approx eg 144 and 233; 144/233 = .618
3. between two numbers, the three numbers written in white are 23.6, 38.2 and 61.8 ret between those two red numbers. eg between 42187 and 46368, three white numbers ie 43784, 44771, 45381 are 23.6, 38.2 and 61.8 ret levels for a total length between 42187 and 46368.
I have found these numbers to be pretty accurate. eg. coalindia retraced from 343 twice.
I trade hourly tf and wish to have these kind of numbers for hourly, so that tsl can be trailed. Kindly suggest further how to arrive at numbers for hourly.
Thanks and Regards
Ravee |
Mr. Ravee
Will you please allow me to make a small correction in your observation given above?
In Sl.No.3 above, instead of 23.6 , 38.2, 61.8
you have to read 38.2,61.8,76.3 respectively.
You have done a very good study.
Shall I make one more observation?
The figures in the table given by Mr.RR relate to trading on EOD basis.
To make use of this table for intra day trading on 60tf, make use of the above said three ratios and apply them on any two consecutive nos. in the table as per the following example:
Today SBI opened at 2377 and this no. lies between 2351 and 2440. The difference between these nos. is 89. Calculate the 3 ratios on these and add them to 2351 . Then you will get the sequence
2351, 2385, 2406, 2419, 2440
Similarly make use of the next two nos. 2410 and 2495 of the table and get the sequence 2440,2461,2474,2482,2495. Thus we have the sequence
2351,2385,2406,2419,2440,2461,2474,2482,2495.
SBI opens at 2377 and rises crossing 2385,2406,2419,2440 and closes at 2450 on hourly basis, without reaching the next level 2461.
Now concentrate on the levels 2440 and 2461.
The next hour candle opens at 2450 and goes upto 2470.5 but begins to fall from here crossing the level 2461 and closes at 2431 below the previous level 2440. It indicates that the trend has changed and we have to exit our long here.
(We could have exited at 2461 to avoid reduction in profit)
At the next available chance we can go short at 2440 for the targets 2419, 2406,2385,2351. This fall was upto 2399.
Shall I say one more?
For trading on 5min basis , subdivide two consecutive nos. in the above sequence as before and trade as per the levels.
If you go long at one level, the next higher level must be taken as the target. Exit when the scrip falls by one level or according to your risk tolerance.
|
|
| Back to top |
|
|
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #21 Posted: Fri Feb 17, 2012 9:09 pm Post subject: |
|
|
Mr S.Muthuswamy,
Sir, thank u so much for your guidance and explaining with sbin hourly numbers.
Regards
Ravee
|
|
| Back to top |
|
|
gambletrader
White Belt
Joined: 24 Feb 2011
Posts: 27
|
| Post: #22 Posted: Mon Feb 20, 2012 9:05 am Post subject: Gann Numbers |
|
|
Dear Mr.RameshRaja,
Please tell us more about Gan numbers and how they vibrate. It will also help us in understanding your other threads better. ( Ichimoko thread)
Thanks and Regards,
Kishore
|
|
| Back to top |
|
|
rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
|
| Post: #23 Posted: Mon Feb 20, 2012 10:46 am Post subject: |
|
|
Mr Kishore
Before moving on to Gann numbers, one should understand many aspects of Price actions, like Imperfect close / Projected high and low for next day / web levels of spread /Importance of Current day Open price to previous day etc.
As regards the Gann number I mentioned in this thread is not exactly what Mr Gann was mentioning.. I have taken his idea as guidance and I was seeing a few numbers which plays a vital role in trading. I want to tweek these to see, if it supports the Charting Analysis.
Best Wishes
|
|
| Back to top |
|
|
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #24 Posted: Tue Feb 21, 2012 10:35 am Post subject: |
|
|
Mr Rameshraja,
good morning.
Sir, as per the response of Mr S. Muthuswamy, I have tried to do calculation for hourly fibbo levels.
Kindly comment.
Thanks and Regards
Ravee
| Description: |
|
Download |
| Filename: |
Hourly Fibbo Levels.xls |
| Filesize: |
24.5 KB |
| Downloaded: |
746 Time(s) |
|
|
| Back to top |
|
|
jyothi2011
White Belt
Joined: 10 Oct 2011
Posts: 81
|
| Post: #25 Posted: Tue Feb 21, 2012 12:52 pm Post subject: |
|
|
Mr.SINGH AND OTHERS PLS FIND FIBO LEVELS FOR INTRA AND WEEK. HOPE THIS WILL HELP
| Description: |
|
Download |
| Filename: |
FIBONACCI WEEKLY LEVELS.xls |
| Filesize: |
61.5 KB |
| Downloaded: |
834 Time(s) |
| Description: |
|
Download |
| Filename: |
FIBONACCI AT 10 AM 21.02.12.xls |
| Filesize: |
66.5 KB |
| Downloaded: |
742 Time(s) |
|
|
| Back to top |
|
|
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #26 Posted: Tue Feb 21, 2012 3:47 pm Post subject: |
|
|
Mr Rameshraja,
Hello,
Sir, Kindly check the latest updated file and pl provide your valuable comments as to how these numbers can be prepared for hourly tf.
The basic idea to establish relation between numbers using fibbo series was given by "CASPER", our fellow ichart user.
Thanks and Regards
Ravee
| Description: |
|
Download |
| Filename: |
fibtable_417.xls |
| Filesize: |
25.5 KB |
| Downloaded: |
850 Time(s) |
|
|
| Back to top |
|
|
rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
|
| Post: #27 Posted: Tue Feb 21, 2012 3:48 pm Post subject: |
|
|
Mr Singh Ravee,
First, backtest your levels you have broken and see if its getting honoured in intraday.. Use this Fibonacci numbers along with charts.. your focus should be in chart analysis and these numbers should only be kept as an additional tool.
|
|
| Back to top |
|
|
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #28 Posted: Tue Feb 21, 2012 5:20 pm Post subject: |
|
|
Mr Rameshraja,
Sir, Basic idea is to use these fibbo levels as supporting tool along with charting analysis or may be for TSL.
Since I primarily trade hourly tf, so the idea was to tweak those numbers to suit the requirement of hourly tf.
It would be nice on your part, if u may check another uploaded file and comment.
Thanks and Regards
Ravee
|
|
| Back to top |
|
|
rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
|
| Post: #29 Posted: Tue Feb 21, 2012 9:18 pm Post subject: |
|
|
Mr Singh Ravee
Your "N" column numbers = column E.
From E column again fib numbers are added and its given in white colour. Thats why its its Fib spiral.
|
|
| Back to top |
|
|
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #30 Posted: Wed Feb 22, 2012 9:36 am Post subject: |
|
|
Mr RameshRaja,
Good morning,
Sir, Thanks for providing the clue. Now the construction of this table is clear to me.
Kindly share next clue so as to make these fibbo levels for hourly.
Thanks and Regards
Ravee
|
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You can attach files in this forum
You can download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
