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GANN levels for the day |
UMESH0909 White Belt
Joined: 02 Jul 2013 Posts: 139
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Post: #4606 Posted: Fri Feb 07, 2014 10:25 am Post subject: |
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sell was triggered at 6083 so target will be 15 points lower i.e 6068
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pkholla Black Belt
Joined: 04 Nov 2010 Posts: 2890
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Post: #4607 Posted: Fri Feb 07, 2014 10:32 am Post subject: |
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ajit602 wrote: | please tell when 1 target achieve |
Ajit: why you want to ask others? Umesh1 has posted clear cut rules and calculator? just enter 0920 ATP and do your trades!
Encl: .doc with rules and .xls with calci
Prakash Holla
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Umesh's Gann Rules.doc |
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UmeshGanncalc.xls |
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4608 Posted: Fri Feb 07, 2014 1:15 pm Post subject: |
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marimuthu13 wrote: | Recommendation:
Buy at / above: 6103.51 Targets: 6120 - 6139.56 - 6159.16 - 6178.79
Stoploss : 6084
Sell at / below: 6084 Targets: 6067.54 - 6048.08 - 6028.65 - 6009.25
Stoploss : 6103.51 |
blasted again..GANN is king..
tgt 1 and tgt 2 achived ...
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UMESH0909 White Belt
Joined: 02 Jul 2013 Posts: 139
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Post: #4609 Posted: Fri Feb 07, 2014 2:42 pm Post subject: |
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yes two target achieved, but it was missed for me at the first downward motion but got in second downward.
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UMESH0909 White Belt
Joined: 02 Jul 2013 Posts: 139
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Post: #4610 Posted: Fri Feb 07, 2014 2:48 pm Post subject: |
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dear marimuthu13,
What should be trigger price in SL order in nifty so that that order is not missed?
Thanks,
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4611 Posted: Fri Feb 07, 2014 3:16 pm Post subject: |
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UMESH0909 wrote: | dear marimuthu13,
What should be trigger price in SL order in nifty so that that order is not missed?
Thanks, | ..
SL order for entry? if yes, i followed like this..trigger price 6084 and sell price 6083 ..i got it 6083.15
for profit booking? if yes,i placed limit buy order at 6068, at 6049..
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UMESH0909 White Belt
Joined: 02 Jul 2013 Posts: 139
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Post: #4612 Posted: Fri Feb 07, 2014 3:48 pm Post subject: |
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Dear marimuthu13,
Thanks for the reply.
And similar SL order(i.e 1 point difference) for stoploss buy order when we want to restrict losses am I correct?
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4613 Posted: Fri Feb 07, 2014 3:53 pm Post subject: |
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UMESH0909 wrote: | Dear marimuthu13,
Thanks for the reply.
And similar SL order(i.e 1 point difference) for stoploss buy order when we want to restrict losses am I correct? |
Hi
for entry I use SL limit (thats 1 point difference)
for exit in loss ,,i use SL market ..
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UMESH0909 White Belt
Joined: 02 Jul 2013 Posts: 139
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Post: #4614 Posted: Fri Feb 07, 2014 3:57 pm Post subject: |
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Dear marimuthu13,
is there any advantage in SL market order for stopping loss. Because it may lead to substantial point losses( i m not sure as i dont have any idea).
Thanks,
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4615 Posted: Fri Feb 07, 2014 4:01 pm Post subject: |
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UMESH0909 wrote: | Dear marimuthu13,
is there any advantage in SL market order for stopping loss. Because it may lead to substantial point losses( i m not sure as i dont have any idea).
Thanks, |
Hi
yes.. you are right .its leads to substantial loss..for me its ok..
if i put SL limit (with 1point difference), then market making very wild move about 200-300points (this will happen) against my positon then imagine my position..
so i prefer SL market for SL exit ..
but u can always choose in which you are more comfortable
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UMESH0909 White Belt
Joined: 02 Jul 2013 Posts: 139
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Post: #4616 Posted: Fri Feb 07, 2014 4:18 pm Post subject: |
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Thanks marimuthu13,
What is the point difference on an average and extreme between your order and the execution for loss restriction in market.
This will help in deciding the right thing.
Thanks in advance
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4617 Posted: Fri Feb 07, 2014 4:27 pm Post subject: |
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UMESH0909 wrote: | Thanks marimuthu13,
What is the point difference on an average and extreme between your order and the execution for loss restriction in market.
This will help in deciding the right thing.
Thanks in advance |
avarage would be around 1 to 2 points
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UMESH0909 White Belt
Joined: 02 Jul 2013 Posts: 139
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Post: #4618 Posted: Fri Feb 07, 2014 4:29 pm Post subject: |
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and what was the extreme price you got?
Thanks
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marimuthu13 White Belt
Joined: 30 Aug 2011 Posts: 212
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Post: #4619 Posted: Fri Feb 07, 2014 4:30 pm Post subject: |
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UMESH0909 wrote: | and what was the extreme price you got?
Thanks |
as of now..only 2points
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UMESH0909 White Belt
Joined: 02 Jul 2013 Posts: 139
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Post: #4620 Posted: Fri Feb 07, 2014 4:36 pm Post subject: |
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Thanks that is what I needed. That can be bearable against missing the stop loss and making huge losses.
Thanks again.
I really learnt from you the actual nuance of trading which nobody tells.
One more thing wanted to update that based on your suggestions, I have started to put advance order for booking profit and stop loss. That helps in reducing emotional trading as well properly booking profit.
Thanks
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