| View previous topic :: View next topic |
| Author |
GANN levels for the day |
UMESH0909
White Belt
Joined: 02 Jul 2013
Posts: 139
|
Post: #4681  Posted: Mon Feb 17, 2014 2:29 pm Post subject: |
 |
|
dear marimuthu13,
Have you seen this kind of back to back stoploss for continuous days before this time. |
|
| Back to top |
|
 |
|
|
|
marimuthu13
White Belt
Joined: 30 Aug 2011
Posts: 212
|
| Post: #4682 Posted: Mon Feb 17, 2014 2:38 pm Post subject: |
|
|
| UMESH0909 wrote: | dear marimuthu13,
Have you seen this kind of back to back stoploss for continuous days before this time. |
yes ..it happenens when there is no volume and there is a news affecting market like WPI data, GDP data etc etc etc |
|
| Back to top |
|
|
ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
|
| Post: #4683 Posted: Mon Feb 17, 2014 5:59 pm Post subject: |
|
|
| marimuthu13 wrote: | | UMESH0909 wrote: | dear marimuthu13,
Have you seen this kind of back to back stoploss for continuous days before this time. |
yes ..it happenens when there is no volume and there is a news affecting market like WPI data, GDP data etc etc etc |
if it happened next 3 to 4 times. then we can loose more money. what should i do sir. should i trade continuously or break for some time. how to get sucess by this method. please guide. |
|
| Back to top |
|
|
Raynor
White Belt
Joined: 21 Mar 2013
Posts: 108
|
| Post: #4684 Posted: Mon Feb 17, 2014 8:33 pm Post subject: Hey Guys |
|
|
| Hey guys, According to a research middledays of the week is providing more volatility( i.e. for forex and i guess it applies to stocks also). In my observation also it is better to avoid monday for nifty day trading. Then, avoid daytrading in friday if there is a huge volatility in Thursday. Apart from that Avoid Taking early positions during event days( today is budget day). |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #4685 Posted: Mon Feb 17, 2014 8:35 pm Post subject: |
|
|
Ajit: No system will give results on days when market is sideways, volume is low, not much up/ down movements.
Also avoid on days when 5 min ATP at 0920 is near buy or sell level generated as the trade often leads to SL trig
The originator, Umesh1, also avoids if positional buy is at daily sell or vice versa (= indecision in market)
On the other hand if positional buy/ sell = same as daily buy/sell then very good chances of making targets
But be assured that over a period of time Gann will give you good returns (if apply strict SL and trailing SL to limit losses)
Why, there are days when 10 targets are achieve-able if you are that patient to stay invested (eg 200 pts NF, counting both long and short)
Cheers, Prakash Holla |
|
| Back to top |
|
|
Raynor
White Belt
Joined: 21 Mar 2013
Posts: 108
|
| Post: #4686 Posted: Mon Feb 17, 2014 8:40 pm Post subject: |
|
|
| Hey guys Try to Apply NR7, NRID4 and Hook Days concept to Nifty. Thoughts are welcome on above concepts.... |
|
| Back to top |
|
|
ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
|
| Post: #4687 Posted: Mon Feb 17, 2014 9:12 pm Post subject: |
|
|
| pkholla wrote: | Ajit: No system will give results on days when market is sideways, volume is low, not much up/ down movements.
Also avoid on days when 5 min ATP at 0920 is near buy or sell level generated as the trade often leads to SL trig
The originator, Umesh1, also avoids if positional buy is at daily sell or vice versa (= indecision in market)
On the other hand if positional buy/ sell = same as daily buy/sell then very good chances of making targets
But be assured that over a period of time Gann will give you good returns (if apply strict SL and trailing SL to limit losses)
Why, there are days when 10 targets are achieve-able if you are that patient to stay invested (eg 200 pts NF, counting both long and short)
Cheers, Prakash Holla |
thanks sir to build up my confidence about gann. |
|
| Back to top |
|
|
UMESH0909
White Belt
Joined: 02 Jul 2013
Posts: 139
|
| Post: #4688 Posted: Mon Feb 17, 2014 9:46 pm Post subject: |
|
|
Dear pkholla ,
I searched the whole 300 pages of this forum.
But I did not find how to calculate positional buy and sell levels, I might have missed where it was mentioned.
Could you please guide me how to calculate positional buy and sell levels.
Thanks in advance,will be waiting for your reply. |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #4689 Posted: Mon Feb 17, 2014 10:06 pm Post subject: |
|
|
| Mr PKHolla maybe mentioning of the MA filter (don't recall which MA was considered there) mentioned in Umesh1 post for Gaan trading.??? |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #4690 Posted: Mon Feb 17, 2014 10:12 pm Post subject: Re: Hey Guys |
|
|
| Raynor wrote: | | Hey guys, According to a research middledays of the week is providing more volatility( i.e. for forex and i guess it applies to stocks also). In my observation also it is better to avoid monday for nifty day trading. Then, avoid daytrading in friday if there is a huge volatility in Thursday. Apart from that Avoid Taking early positions during event days( today is budget day). |
Excellant thoughts...I recall a research by a US trading champion who says buying DOW every week on a particular day for last 30-40 years would be successful (and going fwd as well..) Don't recall exact research...
But concepts like this based on practical experience as serious things to look at..shall follow this and see the results (including opportunities missed as negative profit) |
|
| Back to top |
|
|
Raynor
White Belt
Joined: 21 Mar 2013
Posts: 108
|
| Post: #4691 Posted: Mon Feb 17, 2014 11:02 pm Post subject: Re: Hey Guys |
|
|
| amitagg wrote: |
Excellant thoughts...I recall a research by a US trading champion who says buying DOW every week on a particular day for last 30-40 years would be successful (and going fwd as well..) Don't recall exact research...
But concepts like this based on practical experience as serious things to look at..shall follow this and see the results (including opportunities missed as negative profit) |
Amit donot forget to share ur research results... |
|
| Back to top |
|
|
Rebel
White Belt
Joined: 04 Sep 2013
Posts: 387
|
| Post: #4692 Posted: Mon Feb 17, 2014 11:26 pm Post subject: Re: Hey Guys |
|
|
| Raynor wrote: | | amitagg wrote: |
Excellant thoughts...I recall a research by a US trading champion who says buying DOW every week on a particular day for last 30-40 years would be successful (and going fwd as well..) Don't recall exact research...
But concepts like this based on practical experience as serious things to look at..shall follow this and see the results (including opportunities missed as negative profit) |
Amit donot forget to share ur research results... |
i have also read somewhere in internet,that they buy on some calender days specific stocks to make high returns in US...  |
|
| Back to top |
|
|
marimuthu13
White Belt
Joined: 30 Aug 2011
Posts: 212
|
| Post: #4693 Posted: Tue Feb 18, 2014 9:19 am Post subject: |
|
|
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 |
|
| Back to top |
|
|
ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
|
| Post: #4694 Posted: Tue Feb 18, 2014 9:30 am Post subject: |
|
|
| 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 |
short triggered |
|
| Back to top |
|
|
marimuthu13
White Belt
Joined: 30 Aug 2011
Posts: 212
|
| Post: #4695 Posted: Tue Feb 18, 2014 9:32 am Post subject: |
|
|
@ All,
be patience when you are getting SL back to back..actually yesderday sell hit 1st target...but within very few seconds after SELL entry,,so we couldn't book it..
and no system is perfect (100% sucess).. we need to tackle this by having strict MM..if u r risking more than 5% per trade,,and something goes wrong then u will be panic always..(risk per trade should be less than 2%)..
regarding filter, if u keep adding it like MA,NR7, trading days etc etc..it will loose its simplicity |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
