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Gann Channels |
Thaavo
White Belt
Joined: 23 Apr 2011
Posts: 18
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Post: #16  Posted: Sat Sep 24, 2011 9:28 am Post subject: |
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| opportunist wrote: | | udit101 wrote: | umesh ji
i am trying my luck from last 2 years in nifty but not yet in profit. Tried ema's also. I want to learn from u how u trade. No indicator is true everytime so that create confusions . |
Udit,
If you are "trying your luck" better go to a casino. At least you will be assured of more entertainment for losing money  . Please understand that share market is not a casino. Either you know how to trade or you don't.
Since you have survived for two years it means that you have the economic backing as well inclination for this field. My advise is that you should buy/download some good books on Technical Analysis (TA) and trading and learn TA well. After learning you may try some paper trading first and then real trading till you are confident of using Technical Analysis.
My only submission is that if you do not know how you are going to make money and are relying solely on the whims and fancies of the market then it is just gambling and you will soon be left with nothing to bet with.
Regarding EMA method try this simple rule: use 3 EMA and 15 EMA on 5 minute chart. When 3 EMA crosses 15 EMA from below, buy and when it crosses from above, sell.
Exit target: For long position exit when Stochastic crosses 80 (Safer would be 78 ) For short position exit when Stochastic crosses 20 (Safer would be 18 )
Regards,
Oppo |
nice advice opo sir  |
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GHAISAS
White Belt
Joined: 01 Feb 2010
Posts: 349
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| Post: #17 Posted: Sat Sep 24, 2011 11:18 am Post subject: |
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| dear opportunist, just simply put, specific and point blank. thanks. somebody started gann somewhere and went nowhere. you need a large heart to teach and explain, looking forward eagerly. once again thanks for the education. Ghaisas. |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #18 Posted: Sat Sep 24, 2011 11:52 am Post subject: |
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| GHAISAS wrote: | | dear opportunist, just simply put, specific and point blank. thanks. somebody started gann somewhere and went nowhere. you need a large heart to teach and explain, looking forward eagerly. once again thanks for the education. Ghaisas. |
Ok you find levels based on the following method:
First find a regional top/bottom (something which is clearly the highest peak or valley in the visible screen)
If peak then take peak value (H of OHLC candle). Say it is 101.
Then Level n = ((square root of 101)-x)^2; x = 0.25,0.5.0.75,1,1.25,1.5,1.75,2 and so on where n=1,2,3,4,5,6, etc.
Example Level 1 = (sqrt (101)-0.25)^2 = 96.03. So 96.03 would be the next level. Similarly calculate level 2, 3 and so on and draw on the chart.
Now vertical lines. The peak candle is the first vertical. The next vertical is simply x candles away from this vertical where x=sqrt(peak).
Example x= sqrt(101) = 10.05. Round it off to 10. (If it was 10.5 or above I generally take 11)
Draw horizontal levels as explained and vertical lines (all 10 candles apart) to get the basic grid.
Now join the diagonals of each rectangle so formed. The result will start dancing before your eyes.
Works beautifully in 5 TF to weekly TF.
However sometimes the value of the scrip is high (like nifty near 5000) which results in vertical spacing of 70 candles ... solution to this I am finding . Temporary solution I take 15 min TF for nifty instead of trying daily TF.
Hope this helps. Expect more and more people to come forward with their work on other scrips.
Regards,
Oppo
PS: for moves from valley upwards will talk in next post |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #19 Posted: Sat Sep 24, 2011 2:09 pm Post subject: |
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| opportunist wrote: | | GHAISAS wrote: | | dear opportunist, just simply put, specific and point blank. thanks. somebody started gann somewhere and went nowhere. you need a large heart to teach and explain, looking forward eagerly. once again thanks for the education. Ghaisas. |
Ok you find levels based on the following method:
First find a regional top/bottom (something which is clearly the highest peak or valley in the visible screen)
If peak then take peak value (H of OHLC candle). Say it is 101.
Then Level n = ((square root of 101)-x)^2; x = 0.25,0.5.0.75,1,1.25,1.5,1.75,2 and so on where n=1,2,3,4,5,6, etc.
Example Level 1 = (sqrt (101)-0.25)^2 = 96.03. So 96.03 would be the next level. Similarly calculate level 2, 3 and so on and draw on the chart.
Now vertical lines. The peak candle is the first vertical. The next vertical is simply x candles away from this vertical where x=sqrt(peak).
Example x= sqrt(101) = 10.05. Round it off to 10. (If it was 10.5 or above I generally take 11)
Draw horizontal levels as explained and vertical lines (all 10 candles apart) to get the basic grid.
Now join the diagonals of each rectangle so formed. The result will start dancing before your eyes.
Works beautifully in 5 TF to weekly TF.
However sometimes the value of the scrip is high (like nifty near 5000) which results in vertical spacing of 70 candles ... solution to this I am finding . Temporary solution I take 15 min TF for nifty instead of trying daily TF.
Hope this helps. Expect more and more people to come forward with their work on other scrips.
Regards,
Oppo
PS: for moves from valley upwards will talk in next post |
Oppo,
for high priced scrips like price 5000, divide the price by 10. you get 500.
then use your procedure. in then end multiply by 10.
e.g. for Horizontal lines 10*[ sq root of 500 - 0.5 ]^2 = 4778.9
0.25 wouldn't be of much use here.
for vertical lines, multiplying by 10 need not be used. |
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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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| Post: #20 Posted: Sat Sep 24, 2011 4:59 pm Post subject: |
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| GHAISAS wrote: | | dear opportunist, just simply put, specific and point blank. thanks. somebody started gann somewhere and went nowhere. you need a large heart to teach and explain, looking forward eagerly. once again thanks for the education. Ghaisas. |
"If I have noticed anything anywhere over these 60 years on Wall Street,it is that people do not succeed in forecasting what's going to happen to the stock market coz first of all they need to have a mind set of trader or investor,and I am sure how much ever my friend opportunist tries to explain it will go bouncer to 99.99% of you all ,coz you all are parasites who are in search of gurus and short cut methods and feel gann should be specific and blank just like 2 minutes noodles any one can cook it and have it.thats specific and blank.so its better opportunist just give the levels as spoon feed and use your time in some useful way rather than waste
Regards |
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #21 Posted: Sat Sep 24, 2011 5:34 pm Post subject: |
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| umesh1 wrote: | | GHAISAS wrote: | | dear opportunist, just simply put, specific and point blank. thanks. somebody started gann somewhere and went nowhere. you need a large heart to teach and explain, looking forward eagerly. once again thanks for the education. Ghaisas. |
"If I have noticed anything anywhere over these 60 years on Wall Street,it is that people do not succeed in forecasting what's going to happen to the stock market coz first of all they need to have a mind set of trader or investor,and I am sure how much ever my friend opportunist tries to explain it will go bouncer to 99.99% of you all ,coz you all are parasites who are in search of gurus and short cut methods and feel gann should be specific and blank just like 2 minutes noodles any one can cook it and have it.thats specific and blank.so its better opportunist just give the levels as spoon feed and use your time in some useful way rather than waste
Regards |
umesh1,
u think we all are parasites. how do u see urself. 
rgds
ravee |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #22 Posted: Sat Sep 24, 2011 5:44 pm Post subject: |
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| umesh1 wrote: | | GHAISAS wrote: | | dear opportunist, just simply put, specific and point blank. thanks. somebody started gann somewhere and went nowhere. you need a large heart to teach and explain, looking forward eagerly. once again thanks for the education. Ghaisas. |
"If I have noticed anything anywhere over these 60 years on Wall Street,it is that people do not succeed in forecasting what's going to happen to the stock market coz first of all they need to have a mind set of trader or investor,and I am sure how much ever my friend opportunist tries to explain it will go bouncer to 99.99% of you all ,coz you all are parasites who are in search of gurus and short cut methods and feel gann should be specific and blank just like 2 minutes noodles any one can cook it and have it.thats specific and blank.so its better opportunist just give the levels as spoon feed and use your time in some useful way rather than waste
Regards |
whom u r calling parasites?
it is the same audience for whom u wrote in ur thread, now they are getting some better inputs from opper and they became parasites for u??
how many ppls around here hv the time to learn all the things and then trade?? some one who is not good in t.a or trading must be good in some thing else.... otherwise how they are leading their lives?
u want to gain respect of others by means of insulting others? u think here peoples are fools?? do u have any idea of ichart users??
in the light of what happened to SB and now what is happening in the forum, i guess u r just not suitable for any serious discussion or attention |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #23 Posted: Sat Sep 24, 2011 5:45 pm Post subject: |
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| umesh1 wrote: | | GHAISAS wrote: | | dear opportunist, just simply put, specific and point blank. thanks. somebody started gann somewhere and went nowhere. you need a large heart to teach and explain, looking forward eagerly. once again thanks for the education. Ghaisas. |
"If I have noticed anything anywhere over these 60 years on Wall Street,it is that people do not succeed in forecasting what's going to happen to the stock market coz first of all they need to have a mind set of trader or investor,and I am sure how much ever my friend opportunist tries to explain it will go bouncer to 99.99% of you all ,coz you all are parasites who are in search of gurus and short cut methods and feel gann should be specific and blank just like 2 minutes noodles any one can cook it and have it.thats specific and blank.so its better opportunist just give the levels as spoon feed and use your time in some useful way rather than waste
Regards |
Umesh, I am sorry to say that your words were not at all acceptable. Whatever be your views about Ichartians you cannot generally abuse people on this forum like this without any basis calling them 'parasites' etc. You are definitely not sponsoring their trading activities and it is none of your business to judge their methods and teach them what you feel is the right approach.
I heard about your bad manners on SB and now on witnessing the same, I must regret to say that you seriously need to take some lessons in basic courtesy and email etiquette. Please desist from posting such inflammatory messages or else people may take personal umbrage which might land you into serious trouble.
Coming to your "60 years on Wall street" (wow you are so senior !!) I must say that your views are most welcome if you can share your insights on the forum. Please contribute positively and avoid making negative statements which helps nobody in learning anything new.
Regards,
Oppo |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #24 Posted: Sat Sep 24, 2011 5:53 pm Post subject: |
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| vinst wrote: | | opportunist wrote: | | GHAISAS wrote: | | dear opportunist, just simply put, specific and point blank. thanks. somebody started gann somewhere and went nowhere. you need a large heart to teach and explain, looking forward eagerly. once again thanks for the education. Ghaisas. |
Ok you find levels based on the following method:
First find a regional top/bottom (something which is clearly the highest peak or valley in the visible screen)
If peak then take peak value (H of OHLC candle). Say it is 101.
Then Level n = ((square root of 101)-x)^2; x = 0.25,0.5.0.75,1,1.25,1.5,1.75,2 and so on where n=1,2,3,4,5,6, etc.
Example Level 1 = (sqrt (101)-0.25)^2 = 96.03. So 96.03 would be the next level. Similarly calculate level 2, 3 and so on and draw on the chart.
Now vertical lines. The peak candle is the first vertical. The next vertical is simply x candles away from this vertical where x=sqrt(peak).
Example x= sqrt(101) = 10.05. Round it off to 10. (If it was 10.5 or above I generally take 11)
Draw horizontal levels as explained and vertical lines (all 10 candles apart) to get the basic grid.
Now join the diagonals of each rectangle so formed. The result will start dancing before your eyes.
Works beautifully in 5 TF to weekly TF.
However sometimes the value of the scrip is high (like nifty near 5000) which results in vertical spacing of 70 candles ... solution to this I am finding . Temporary solution I take 15 min TF for nifty instead of trying daily TF.
Hope this helps. Expect more and more people to come forward with their work on other scrips.
Regards,
Oppo
PS: for moves from valley upwards will talk in next post |
Oppo,
for high priced scrips like price 5000, divide the price by 10. you get 500.
then use your procedure. in then end multiply by 10.
e.g. for Horizontal lines 10*[ sq root of 500 - 0.5 ]^2 = 4778.9
0.25 wouldn't be of much use here.
for vertical lines, multiplying by 10 need not be used. |
Vinst, tried it. It doesnt work that way. Square root of 5000 is 70.7 and square root of 500 is 22.36 . Multiplying 22.36 with 10 again gives me 223.6 which has no relation with the levels based on 5000. Anyway will give another try.
Secondly please note vertical lines are basically n candles apart where n=sqrt(peak price or valley price) . So it is not 10 candles always.
Regards,
Oppo |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #25 Posted: Sat Sep 24, 2011 7:26 pm Post subject: |
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| opportunist wrote: | | vinst wrote: | | opportunist wrote: | | GHAISAS wrote: | | dear opportunist, just simply put, specific and point blank. thanks. somebody started gann somewhere and went nowhere. you need a large heart to teach and explain, looking forward eagerly. once again thanks for the education. Ghaisas. |
Ok you find levels based on the following method:
First find a regional top/bottom (something which is clearly the highest peak or valley in the visible screen)
If peak then take peak value (H of OHLC candle). Say it is 101.
Then Level n = ((square root of 101)-x)^2; x = 0.25,0.5.0.75,1,1.25,1.5,1.75,2 and so on where n=1,2,3,4,5,6, etc.
Example Level 1 = (sqrt (101)-0.25)^2 = 96.03. So 96.03 would be the next level. Similarly calculate level 2, 3 and so on and draw on the chart.
Now vertical lines. The peak candle is the first vertical. The next vertical is simply x candles away from this vertical where x=sqrt(peak).
Example x= sqrt(101) = 10.05. Round it off to 10. (If it was 10.5 or above I generally take 11)
Draw horizontal levels as explained and vertical lines (all 10 candles apart) to get the basic grid.
Now join the diagonals of each rectangle so formed. The result will start dancing before your eyes.
Works beautifully in 5 TF to weekly TF.
However sometimes the value of the scrip is high (like nifty near 5000) which results in vertical spacing of 70 candles ... solution to this I am finding . Temporary solution I take 15 min TF for nifty instead of trying daily TF.
Hope this helps. Expect more and more people to come forward with their work on other scrips.
Regards,
Oppo
PS: for moves from valley upwards will talk in next post |
Oppo,
for high priced scrips like price 5000, divide the price by 10. you get 500.
then use your procedure. in then end multiply by 10.
e.g. for Horizontal lines 10*[ sq root of 500 - 0.5 ]^2 = 4778.9
0.25 wouldn't be of much use here.
for vertical lines, multiplying by 10 need not be used. |
Vinst, tried it. It doesnt work that way. Square root of 5000 is 70.7 and square root of 500 is 22.36 . Multiplying 22.36 with 10 again gives me 223.6 which has no relation with the levels based on 5000. Anyway will give another try.
Secondly please note vertical lines are basically n candles apart where n=sqrt(peak price or valley price) . So it is not 10 candles always.
Regards,
Oppo |
Oppo,
Price would get related.
1) 5000/10 = 500
2) sq root 500 = 22.36 (No multiplication by 10 here)
3) (22.36-0.5)^2 = 477.89
4) Now we multiply by 10
477.89*10 =4778.9. This is related to 5000.
For time, stop at step (2). So for price of 5000, next time line would be 22 candles away. |
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maneesh007
White Belt
Joined: 08 Feb 2009
Posts: 119
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| Post: #26 Posted: Sat Sep 24, 2011 7:55 pm Post subject: |
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Violence is an admission that one's ideas and goals cannot prevail on their own merits ...
Infact, it require wisdom to understand wisdom...
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #27 Posted: Sat Sep 24, 2011 10:12 pm Post subject: |
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| vinst wrote: | | opportunist wrote: | | vinst wrote: | | opportunist wrote: | | GHAISAS wrote: | | dear opportunist, just simply put, specific and point blank. thanks. somebody started gann somewhere and went nowhere. you need a large heart to teach and explain, looking forward eagerly. once again thanks for the education. Ghaisas. |
Ok you find levels based on the following method:
First find a regional top/bottom (something which is clearly the highest peak or valley in the visible screen)
If peak then take peak value (H of OHLC candle). Say it is 101.
Then Level n = ((square root of 101)-x)^2; x = 0.25,0.5.0.75,1,1.25,1.5,1.75,2 and so on where n=1,2,3,4,5,6, etc.
Example Level 1 = (sqrt (101)-0.25)^2 = 96.03. So 96.03 would be the next level. Similarly calculate level 2, 3 and so on and draw on the chart.
Now vertical lines. The peak candle is the first vertical. The next vertical is simply x candles away from this vertical where x=sqrt(peak).
Example x= sqrt(101) = 10.05. Round it off to 10. (If it was 10.5 or above I generally take 11)
Draw horizontal levels as explained and vertical lines (all 10 candles apart) to get the basic grid.
Now join the diagonals of each rectangle so formed. The result will start dancing before your eyes.
Works beautifully in 5 TF to weekly TF.
However sometimes the value of the scrip is high (like nifty near 5000) which results in vertical spacing of 70 candles ... solution to this I am finding . Temporary solution I take 15 min TF for nifty instead of trying daily TF.
Hope this helps. Expect more and more people to come forward with their work on other scrips.
Regards,
Oppo
PS: for moves from valley upwards will talk in next post |
Oppo,
for high priced scrips like price 5000, divide the price by 10. you get 500.
then use your procedure. in then end multiply by 10.
e.g. for Horizontal lines 10*[ sq root of 500 - 0.5 ]^2 = 4778.9
0.25 wouldn't be of much use here.
for vertical lines, multiplying by 10 need not be used. |
Vinst, tried it. It doesnt work that way. Square root of 5000 is 70.7 and square root of 500 is 22.36 . Multiplying 22.36 with 10 again gives me 223.6 which has no relation with the levels based on 5000. Anyway will give another try.
Secondly please note vertical lines are basically n candles apart where n=sqrt(peak price or valley price) . So it is not 10 candles always.
Regards,
Oppo |
Oppo,
Price would get related.
1) 5000/10 = 500
2) sq root 500 = 22.36 (No multiplication by 10 here)
3) (22.36-0.5)^2 = 477.89
4) Now we multiply by 10
477.89*10 =4778.9. This is related to 5000.
For time, stop at step (2). So for price of 5000, next time line would be 22 candles away. |
Sorry to disappoint you but that doesnt work. I will first give the arithmetic display and then algebraic proof.
(sqrt(5000)-0.5)^2 = 4929.54
(sqrt(500)-0.5)^2 = 477.89. multiplied by 10 we get 4778.9
Clearly 4929.4 is not equal to 4778.9
Algebraically things become clearer:
(sqrt(N)-0.5)^2 =N+0.25-sqrt(N) ......Expression 1
(sqrt(N/10)-0.5)^2 = N/10+0.25-sqrt(N/10).....Expression 2. [using formula of (a-b)^2]
Expression2 when multiplied by 10 gives N+2.5 -sqrt(10*N) which is not equal to Expression 1
SO WHAT'S THE SOLUTION ?
My current solution is to break high value scrips like nifty into 5 or 15 min TF...That way it can accomodate large number of candles and give meaningful results |
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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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| Post: #28 Posted: Sat Sep 24, 2011 11:23 pm Post subject: |
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From tomorrow you will get gann levels on nifty and most liquid or traders favorite stocks for those trading in futures,even though levels will be meaant for intraday,all are welcome for any comments or suggestions
people completing full time 5 day course in gann were unable to follow soon until practiced as gann is not only calculated levels there are psychological levels also to be considered,otherwise readymade gann calculators also available which work on 60-70% accuracy.all the best,
Regards
Umesh |
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ProTrader
Site Admin
Joined: 06 Jul 2008
Posts: 433
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| Post: #29 Posted: Sat Sep 24, 2011 11:34 pm Post subject: |
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Dear Umesh:
Sure. Please do that in your thread without demeaning people. And to pass sarcastic comments you can always use yahoo chat rooms. It is your choice if you want to make friends here or not.
By the way I am parasite  .
Regards,
ProTrader |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #30 Posted: Sun Sep 25, 2011 1:58 pm Post subject: |
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| opportunist wrote: | | vinst wrote: | | opportunist wrote: | | vinst wrote: | | opportunist wrote: | | GHAISAS wrote: | | dear opportunist, just simply put, specific and point blank. thanks. somebody started gann somewhere and went nowhere. you need a large heart to teach and explain, looking forward eagerly. once again thanks for the education. Ghaisas. |
Ok you find levels based on the following method:
First find a regional top/bottom (something which is clearly the highest peak or valley in the visible screen)
If peak then take peak value (H of OHLC candle). Say it is 101.
Then Level n = ((square root of 101)-x)^2; x = 0.25,0.5.0.75,1,1.25,1.5,1.75,2 and so on where n=1,2,3,4,5,6, etc.
Example Level 1 = (sqrt (101)-0.25)^2 = 96.03. So 96.03 would be the next level. Similarly calculate level 2, 3 and so on and draw on the chart.
Now vertical lines. The peak candle is the first vertical. The next vertical is simply x candles away from this vertical where x=sqrt(peak).
Example x= sqrt(101) = 10.05. Round it off to 10. (If it was 10.5 or above I generally take 11)
Draw horizontal levels as explained and vertical lines (all 10 candles apart) to get the basic grid.
Now join the diagonals of each rectangle so formed. The result will start dancing before your eyes.
Works beautifully in 5 TF to weekly TF.
However sometimes the value of the scrip is high (like nifty near 5000) which results in vertical spacing of 70 candles ... solution to this I am finding . Temporary solution I take 15 min TF for nifty instead of trying daily TF.
Hope this helps. Expect more and more people to come forward with their work on other scrips.
Regards,
Oppo
PS: for moves from valley upwards will talk in next post |
Oppo,
for high priced scrips like price 5000, divide the price by 10. you get 500.
then use your procedure. in then end multiply by 10.
e.g. for Horizontal lines 10*[ sq root of 500 - 0.5 ]^2 = 4778.9
0.25 wouldn't be of much use here.
for vertical lines, multiplying by 10 need not be used. |
Vinst, tried it. It doesnt work that way. Square root of 5000 is 70.7 and square root of 500 is 22.36 . Multiplying 22.36 with 10 again gives me 223.6 which has no relation with the levels based on 5000. Anyway will give another try.
Secondly please note vertical lines are basically n candles apart where n=sqrt(peak price or valley price) . So it is not 10 candles always.
Regards,
Oppo |
Oppo,
Price would get related.
1) 5000/10 = 500
2) sq root 500 = 22.36 (No multiplication by 10 here)
3) (22.36-0.5)^2 = 477.89
4) Now we multiply by 10
477.89*10 =4778.9. This is related to 5000.
For time, stop at step (2). So for price of 5000, next time line would be 22 candles away. |
Sorry to disappoint you but that doesnt work. I will first give the arithmetic display and then algebraic proof.
(sqrt(5000)-0.5)^2 = 4929.54
(sqrt(500)-0.5)^2 = 477.89. multiplied by 10 we get 4778.9
Clearly 4929.4 is not equal to 4778.9
Algebraically things become clearer:
(sqrt(N)-0.5)^2 =N+0.25-sqrt(N) ......Expression 1
(sqrt(N/10)-0.5)^2 = N/10+0.25-sqrt(N/10).....Expression 2. [using formula of (a-b)^2]
Expression2 when multiplied by 10 gives N+2.5 -sqrt(10*N) which is not equal to Expression 1
SO WHAT'S THE SOLUTION ?
My current solution is to break high value scrips like nifty into 5 or 15 min TF...That way it can accomodate large number of candles and give meaningful results |
Oppo,
the objective i have taken is not to reproduce 4929.54 by doing some other maths equation. Objective is to use one Gann methodology correctly. gann methods work best on 3 digit numbers. otherwise either the timeframe has to be changed (big problem) to find which timeframe suits for the near future or the scrip prices need to be brought to 3 digits (much smaller problem).
Since you are looking for intraday levels, you can use step-size smaller than 0.5 . e.g., we can use 0.125, 0.0625 etc.
then price levels are 10*{sq rt 500-0.125]^2 = 4944.25
and 10*{sq rt 500-0.0.0625]^2 = 4972.1 and so on.
step-sizes of 0.5 or more work well on daily timeframe. |
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