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GANN levels for the day |
UMESH0909 White Belt
Joined: 02 Jul 2013 Posts: 139
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Post: #4561 Posted: Thu Jan 30, 2014 12:23 pm Post subject: |
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dear marimuthu13,
Thanks for clarification.
So if once we got sell signal in the morning and we have taken it then our 1st target achieved. Then again price came to short level and TSL hit. Then again it is again reached to the first short level, Then should we again short or just leave it??
another point once TSL hit and then again price came the long level, should we take entry for buy or just leave it for the day.
Thanks |
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4562 Posted: Thu Jan 30, 2014 12:43 pm Post subject: |
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UMESH0909 wrote: | dear marimuthu13,
Thanks for clarification.
So if once we got sell signal in the morning and we have taken it then our 1st target achieved. Then again price came to short level and TSL hit. Then again it is again reached to the first short level, Then should we again short or just leave it??
another point once TSL hit and then again price came the long level, should we take entry for buy or just leave it for the day.
Thanks |
Hi..
As per me..if we are in sell..tgt1 hit and after some time TSL at short entry level is also hit... that means no more sell for that day..
but if its going above buy level,then enter buy if its before 3 pm..
no fixed rules actually.. you just define it for your own trading and follow it rigoursly.. |
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UMESH0909 White Belt
Joined: 02 Jul 2013 Posts: 139
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Post: #4563 Posted: Thu Jan 30, 2014 12:48 pm Post subject: |
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thanks marimuthu13, it will at least guide in refining the personal strategy.
Initially i will trade what you just said. And monitor the market behavior for other things.
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UMESH0909 White Belt
Joined: 02 Jul 2013 Posts: 139
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Post: #4564 Posted: Thu Jan 30, 2014 12:52 pm Post subject: |
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dear marimuthu13,
One more doubt,
consider that we are in sell from morning and 1st target hit, we have TSL at cost. But upto 2pm neither the TSL is hit nor 2nd target is achieved then what should we do for rest of positions.
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4565 Posted: Thu Jan 30, 2014 12:57 pm Post subject: |
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UMESH0909 wrote: | dear marimuthu13,
One more doubt,
consider that we are in sell from morning and 1st target hit, we have TSL at cost. But upto 2pm neither the TSL is hit nor 2nd target is achieved then what should we do for rest of positions.
Thanks |
sir..
if no TSL or Target hit,,
then i close my position at 3.25 PM
and if your is Intraday positon,let ur broker close it around 3.10t to 3.15 pm |
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4566 Posted: Thu Jan 30, 2014 2:57 pm Post subject: |
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marimuthu13 wrote: | 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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as usaual tgt 2 also achived.. |
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4567 Posted: Fri Jan 31, 2014 9:21 am Post subject: |
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For 31st Jan'14
Recommendation:
Buy at / above: 6123.06 Targets: 6139.56 - 6159.16 - 6178.79 - 6198.46
Stoploss : 6103.51
Sell at / below: 6103.51 Targets: 6087.04 - 6067.54 - 6048.08 - 6028.65
Stoploss : 6123.06
need to very careful as ATP is close to SELL level |
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4568 Posted: Fri Jan 31, 2014 9:48 am Post subject: |
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marimuthu13 wrote: | For 31st Jan'14
Recommendation:
Buy at / above: 6123.06 Targets: 6139.56 - 6159.16 - 6178.79 - 6198.46
Stoploss : 6103.51
Sell at / below: 6103.51 Targets: 6087.04 - 6067.54 - 6048.08 - 6028.65
Stoploss : 6123.06
need to very careful as ATP is close to SELL level |
against my thought of ATP near sell level..buy got triggered..
Now in buy at 6124 with SL of 6103 |
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4569 Posted: Fri Jan 31, 2014 11:06 am Post subject: |
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marimuthu13 wrote: | marimuthu13 wrote: | For 31st Jan'14
Recommendation:
Buy at / above: 6123.06 Targets: 6139.56 - 6159.16 - 6178.79 - 6198.46
Stoploss : 6103.51
Sell at / below: 6103.51 Targets: 6087.04 - 6067.54 - 6048.08 - 6028.65
Stoploss : 6123.06
need to very careful as ATP is close to SELL level |
against my thought of ATP near sell level..buy got triggered..
Now in buy at 6124 with SL of 6103 | \
well ..SL triggered ..now in Sell... |
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UMESH0909 White Belt
Joined: 02 Jul 2013 Posts: 139
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Post: #4570 Posted: Fri Jan 31, 2014 11:08 am Post subject: |
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Yes sell triggered, for me buy was not trigered as one candle was not closed above the level. |
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ninjadude White Belt
Joined: 29 Jan 2013 Posts: 128
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Post: #4571 Posted: Fri Jan 31, 2014 11:48 am Post subject: experience |
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experience with this system is that its important to identify the trend,blindly putting buy/sell orders will reduce confidence as this a trend following system |
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4572 Posted: Fri Jan 31, 2014 12:02 pm Post subject: |
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UMESH0909 wrote: | Yes sell triggered, for me buy was not trigered as one candle was not closed above the level. | ..
very goood filter u used ...good..keep it up ..
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4573 Posted: Fri Jan 31, 2014 12:05 pm Post subject: Re: experience |
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ninjadude wrote: | experience with this system is that its important to identify the trend,blindly putting buy/sell orders will reduce confidence as this a trend following system |
hi..you are rightly said..
its simple mechanical system..so results also very less (either profit or loss)
when coming to your point of identifying trend and then trading..its not so easy for everyone..if you are the one..cheers and enjoy your trading... |
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UMESH0909 White Belt
Joined: 02 Jul 2013 Posts: 139
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Post: #4574 Posted: Fri Jan 31, 2014 12:07 pm Post subject: |
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Dear marimuthu13,
This is not my filter, This filter the originator of this suggested.
So I am following that.
For 1 month I have back tested and found out that sometime not always it eliminate the wrong entry.
But the 223 EMA what was suggested in the strategy does not work in the morning but work after 12PM.
What is your experience on it? |
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4575 Posted: Fri Jan 31, 2014 12:14 pm Post subject: |
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UMESH0909 wrote: | Dear marimuthu13,
This is not my filter, This filter the originator of this suggested.
So I am following that.
For 1 month I have back tested and found out that sometime not always it eliminate the wrong entry.
But the 223 EMA what was suggested in the strategy does not work in the morning but work after 12PM.
What is your experience on it? |
Hi..
I dont use any of filters as i dont have time to moniter charts.
i dont expect much profits also ... |
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