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GANN levels for the day |
marimuthu13
White Belt
Joined: 30 Aug 2011
Posts: 212
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Post: #4546  Posted: Wed Jan 29, 2014 12:49 pm Post subject: |
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| UMESH0909 wrote: | Dear marimuthu13,
Yes acording to gann level it is not achieved. But acording to umesh strategy which I follow ( 15 point 1st target , 15 point stoploss ) its achieved.
Thanks, |
ok sir..congrats |
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marimuthu13
White Belt
Joined: 30 Aug 2011
Posts: 212
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| Post: #4547 Posted: Wed Jan 29, 2014 1:41 pm Post subject: |
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| marimuthu13 wrote: | for 30th Jan'14
Recommendation:
Buy at / above: 6181.89 Targets: 6198.46 - 6218.15 - 6237.87 - 6257.63
Stoploss : 6162.25
Sell at / below: 6162.25 Targets: 6145.71 - 6126.12 - 6106.56 - 6087.04
Stoploss : 6181.89 |
tgt1 is achived |
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marimuthu13
White Belt
Joined: 30 Aug 2011
Posts: 212
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| Post: #4548 Posted: Wed Jan 29, 2014 2:55 pm Post subject: |
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| marimuthu13 wrote: | | marimuthu13 wrote: | for 30th Jan'14
Recommendation:
Buy at / above: 6181.89 Targets: 6198.46 - 6218.15 - 6237.87 - 6257.63
Stoploss : 6162.25
Sell at / below: 6162.25 Targets: 6145.71 - 6126.12 - 6106.56 - 6087.04
Stoploss : 6181.89 |
tgt1 is achived |
tgt 2 also achived..
patience paid off ...  |
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UMESH0909
White Belt
Joined: 02 Jul 2013
Posts: 139
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| Post: #4549 Posted: Wed Jan 29, 2014 3:08 pm Post subject: |
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Dear marimuthu13,
I am trading in options, I took the strike price which has delta value of around 0.6, So my target are after entering based on the gann level in future. +-9 points for first target and stop loss. 18 for 2nd target.
I only traded for 3 days of which for 2 days I achieved 1st target today 2nd target.
Is this the right thing? or there any disadvantages in this?
Thanks |
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marimuthu13
White Belt
Joined: 30 Aug 2011
Posts: 212
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| Post: #4550 Posted: Wed Jan 29, 2014 7:24 pm Post subject: |
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| UMESH0909 wrote: | Dear marimuthu13,
I am trading in options, I took the strike price which has delta value of around 0.6, So my target are after entering based on the gann level in future. +-9 points for first target and stop loss. 18 for 2nd target.
I only traded for 3 days of which for 2 days I achieved 1st target today 2nd target.
Is this the right thing? or there any disadvantages in this?
Thanks |
Sorry boss.. I dont have any idea on this matter..
all the best for ur option trading |
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vaishuu82
White Belt
Joined: 04 Sep 2013
Posts: 155
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| Post: #4551 Posted: Wed Jan 29, 2014 9:36 pm Post subject: option |
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| UMESH0909 wrote: | Dear marimuthu13,
I am trading in options, I took the strike price which has delta value of around 0.6, So my target are after entering based on the gann level in future. +-9 points for first target and stop loss. 18 for 2nd target.
I only traded for 3 days of which for 2 days I achieved 1st target today 2nd target.
Is this the right thing? or there any disadvantages in this?
Thanks |
If possible please share your option trading also will be more helpful for others
vaishuu |
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UMESH0909
White Belt
Joined: 02 Jul 2013
Posts: 139
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| Post: #4552 Posted: Wed Jan 29, 2014 10:09 pm Post subject: Re: option |
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| vaishuu82 wrote: | | UMESH0909 wrote: | Dear marimuthu13,
I am trading in options, I took the strike price which has delta value of around 0.6, So my target are after entering based on the gann level in future. +-9 points for first target and stop loss. 18 for 2nd target.
I only traded for 3 days of which for 2 days I achieved 1st target today 2nd target.
Is this the right thing? or there any disadvantages in this?
Thanks |
If possible please share your option trading also will be more helpful for others
vaishuu |
Dear vaishuu82,
I am very new to trading and might be wrong.
Still what is my thought process will tell you.
Basically based on nifty future gann level suggestion I enter the option trading. When gann level suggest to go short then I buy put and when it suggest to go long I buy call option.
For strike price selection I calculate the delta for the strike price. For getting the rough delta, I put 10% interest rate, volatility as vix value in the morning. the strike price which gives the approximate 0.6 delta value, i choose the strike price.
Since the originator of gann strategy suggested for 15 point, 1st target and 15 point stop loss for future. So, I convert the stoploss and target for options as =15*0.6(delta value)= 9points. So my 1st target is 9 points then 2nd target 18 points, 3rd target 27 point etc, and 1st stop loss is 9 points beloe the buy price.
If I don't get the 0.6 delta value then I lower the target and stoploss level based on above calculations. I know that nifty future 15 point are not similar to nifty spot 15 points, but I just consider as to be same.
Any suggestion are most welcome, as I am also developing the strategy.
Thanks, |
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marimuthu13
White Belt
Joined: 30 Aug 2011
Posts: 212
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| Post: #4553 Posted: Thu Jan 30, 2014 9:18 am Post subject: |
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For 30th Jan'14
Recommendation:
Buy at / above: 6084 Targets: 6100.46 - 6120 - 6139.56 - 6159.16
Stoploss : 6064.51
Sell at / below: 6064.51 Targets: 6048.08 - 6028.65 - 6009.25 - 5989.88
Stoploss : 6084 |
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vaishuu82
White Belt
Joined: 04 Sep 2013
Posts: 155
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| Post: #4554 Posted: Thu Jan 30, 2014 9:19 am Post subject: Re: option |
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| UMESH0909 wrote: | | vaishuu82 wrote: | | UMESH0909 wrote: | Dear marimuthu13,
I am trading in options, I took the strike price which has delta value of around 0.6, So my target are after entering based on the gann level in future. +-9 points for first target and stop loss. 18 for 2nd target.
I only traded for 3 days of which for 2 days I achieved 1st target today 2nd target.
Is this the right thing? or there any disadvantages in this?
Thanks |
If possible please share your option trading also will be more helpful for others
vaishuu |
Dear vaishuu82,
I am very new to trading and might be wrong.
Still what is my thought process will tell you.
Basically based on nifty future gann level suggestion I enter the option trading. When gann level suggest to go short then I buy put and when it suggest to go long I buy call option.
For strike price selection I calculate the delta for the strike price. For getting the rough delta, I put 10% interest rate, volatility as vix value in the morning. the strike price which gives the approximate 0.6 delta value, i choose the strike price.
Since the originator of gann strategy suggested for 15 point, 1st target and 15 point stop loss for future. So, I convert the stoploss and target for options as =15*0.6(delta value)= 9points. So my 1st target is 9 points then 2nd target 18 points, 3rd target 27 point etc, and 1st stop loss is 9 points beloe the buy price.
If I don't get the 0.6 delta value then I lower the target and stoploss level based on above calculations. I know that nifty future 15 point are not similar to nifty spot 15 points, but I just consider as to be same.
Any suggestion are most welcome, as I am also developing the strategy.
Thanks, |
Thanks for making it clear,will try from today
vaishuu |
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UMESH0909
White Belt
Joined: 02 Jul 2013
Posts: 139
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| Post: #4555 Posted: Thu Jan 30, 2014 10:30 am Post subject: |
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| in sell 1st target achieved |
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marimuthu13
White Belt
Joined: 30 Aug 2011
Posts: 212
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| Post: #4556 Posted: Thu Jan 30, 2014 10:33 am Post subject: |
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| marimuthu13 wrote: | For 30th Jan'14
Recommendation:
Buy at / above: 6084 Targets: 6100.46 - 6120 - 6139.56 - 6159.16
Stoploss : 6064.51
Sell at / below: 6064.51 Targets: 6048.08 - 6028.65 - 6009.25 - 5989.88
Stoploss : 6084 |
1st target achived..rest is with TSL..
GANN rocks as always
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UMESH0909
White Belt
Joined: 02 Jul 2013
Posts: 139
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| Post: #4557 Posted: Thu Jan 30, 2014 10:35 am Post subject: |
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dear marimuthu13,
It has been fourth day for me, and i m lovin it
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marimuthu13
White Belt
Joined: 30 Aug 2011
Posts: 212
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| Post: #4558 Posted: Thu Jan 30, 2014 11:00 am Post subject: |
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| UMESH0909 wrote: | dear marimuthu13,
It has been fourth day for me, and i m lovin it
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Hi..
enjoy ...just trade as per rule and trade all calls genereated by GAAN..then worst case,you will be in NIL profit per month ,,and best case we can get even 200 ++++ ..points.. |
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UMESH0909
White Belt
Joined: 02 Jul 2013
Posts: 139
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| Post: #4559 Posted: Thu Jan 30, 2014 12:14 pm Post subject: |
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dear marimuthu13,
I am not clear of this point we should take all call based on gann level.
What it means whenever the price come for sell then take sell, even if it is reaching from bottom to the sell level.
Please clarify.
Thanks |
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marimuthu13
White Belt
Joined: 30 Aug 2011
Posts: 212
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| Post: #4560 Posted: Thu Jan 30, 2014 12:17 pm Post subject: |
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| UMESH0909 wrote: | dear marimuthu13,
I am not clear of this point we should take all call based on gann level.
What it means whenever the price come for sell then take sell, even if it is reaching from bottom to the sell level.
Please clarify.
Thanks |
no no..trade on daliy basis ..i dont and wont recommend take re-entry at all..
if some times, target achived without coming to entry level then just leave it |
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