|
|
| View previous topic :: View next topic |
| Author |
GANN levels for the day |
umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
|
Post: #4771  Posted: Thu Nov 27, 2014 9:34 pm Post subject: |
 |
|
| amitagg wrote: | | umesh1 wrote: | | rishveer wrote: | | umesh1 wrote: | | rishveer wrote: | Todays levels:
ATP:8488
Buy at/above 8510.0625 Targets: 8528.874055 8551.971875 8575.10093 8598.261219 8621.452742
Sell at/below: 8487.015625 Targets: 8468.232 8445.236133 8422.271531 8399.338195 8376.436125
Seniors pls correct if any.. |
rishiji all are pros here
Its buy above 8487 and sell below 8464
regards |
So Umesh Sir short activated below 8464? |
you have the gann calci which is also available free on app store can download on your cell ,you have the guidelines to use.if you need more on how to use gann.theres a workshop this Saturday in Mumbai.i cant post much details
regards |
I have attended his seminar outside Mumbai . What is still missing in my repository is various degrees based gann calculator in column so that scrips can be tracked as to which angle they prefer taking ..... During that day he could decisively give examples of a "single day "where many many scrips hit standard gann levels at bottom of the day from top or vice versa.
But at least 3 days course would make some difference to trading .... |
Very true there are various levels of courses wrt gann.
this is the most simple strategy for a beginner to get used to a systematic trading one can always hone their trading skills.
cheers |
|
| Back to top |
|
 |
|
| |
rishveer
White Belt
Joined: 15 Mar 2012
Posts: 105
|
| Post: #4772 Posted: Fri Nov 28, 2014 11:38 am Post subject: |
|
|
| umesh1 wrote: | | rishveer wrote: | | umesh1 wrote: | | rishveer wrote: | Todays levels:
ATP:8488
Buy at/above 8510.0625 Targets: 8528.874055 8551.971875 8575.10093 8598.261219 8621.452742
Sell at/below: 8487.015625 Targets: 8468.232 8445.236133 8422.271531 8399.338195 8376.436125
Seniors pls correct if any.. |
rishiji all are pros here
Its buy above 8487 and sell below 8464
regards |
So Umesh Sir short activated below 8464? |
you have the gann calci which is also available free on app store can download on your cell ,you have the guidelines to use.if you need more on how to use gann.theres a workshop this Saturday in Mumbai.i cant post much details
regards |
Thank you Sir for providing details;will do my trades and update |
|
| Back to top |
|
|
ragendth
White Belt
Joined: 29 Aug 2014
Posts: 6
|
| Post: #4773 Posted: Fri Nov 28, 2014 3:04 pm Post subject: Re: ATP |
|
|
| pkholla wrote: | | ragendth wrote: | | ohh ATP..but my broker has no ATP..only LTP. And the doc says 5min candle..so it means i cannt switch to any other TF like 10min or 15min and use this strategy.. |
Compromise: Keep NSE website also open for 5 minutes. Switch to webpage of Nifty Future. This page shows Volume Weighted Average Price somewhere in the middle of the trading statistics. At 0920, read and note down the VWAP and use it in Umesh's calc. |
Hi pkholla,
I had a doubt..if were are trading futures then taking ATP is ok. But if we are trading options then how can we take ATP bcos options values are dependent on spot value rt. So if ATP is say 8610(which would be future value) then the spot value might be say 8590 or 8595..so taking ATP will work for calculating gann values for options also? |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #4774 Posted: Fri Nov 28, 2014 6:55 pm Post subject: Re: ATP |
|
|
| ragendth wrote: | | Hi pkholla, I had a doubt..if were are trading futures then taking ATP is ok. But if we are trading options then how can we take ATP bcos options values are dependent on spot value rt. So if ATP is say 8610(which would be future value) then the spot value might be say 8590 or 8595..so taking ATP will work for calculating gann values for options also? |
Very good doubt. Work out the ATP for Nifty future and proceed as instructed by Umesh to get Fut values
How I solve this problem is to have 2 pages of IC open in the same computer (u can even keep 3 open as long as they are on same computer, otherwise admin will think 2 people are using same log in)
One page for IC JCP and one page for JC Opt = 1/2 screen each, side by side. The two charts will be similar looking, so you can work out the EQUIVALENT value in the options chart. Use these values for your sell, stop loss sell etc for trading
Prakash Holla
PS A more complicated procedure which is not needed, as above is very simple, is to get an option value calculator (Black- Sholes method) and obtain the option values equivt to future values predicted by Umesh's Gann calc |
|
| Back to top |
|
|
ragendth
White Belt
Joined: 29 Aug 2014
Posts: 6
|
| Post: #4775 Posted: Fri Nov 28, 2014 7:49 pm Post subject: Re: ATP |
|
|
| pkholla wrote: | | ragendth wrote: | | Hi pkholla, I had a doubt..if were are trading futures then taking ATP is ok. But if we are trading options then how can we take ATP bcos options values are dependent on spot value rt. So if ATP is say 8610(which would be future value) then the spot value might be say 8590 or 8595..so taking ATP will work for calculating gann values for options also? |
Very good doubt. Work out the ATP for Nifty future and proceed as instructed by Umesh to get Fut values
How I solve this problem is to have 2 pages of IC open in the same computer (u can even keep 3 open as long as they are on same computer, otherwise admin will think 2 people are using same log in)
One page for IC JCP and one page for JC Opt = 1/2 screen each, side by side. The two charts will be similar looking, so you can work out the EQUIVALENT value in the options chart. Use these values for your sell, stop loss sell etc for trading
Prakash Holla
PS A more complicated procedure which is not needed, as above is very simple, is to get an option value calculator (Black- Sholes method) and obtain the option values equivt to future values predicted by Umesh's Gann calc |
Thanks prakash..will check it out..I am opting for options bcos i dont have that amount to invest in futures even 1 lot  |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #4776 Posted: Fri Nov 28, 2014 8:26 pm Post subject: Re: ATP |
|
|
| ragendth wrote: | | Thanks prakash..will check it out..I am opting for options bcos i dont have that amount to invest in futures even 1 lot |
1 Very wise. I do the same.
2 In the beginning only go for buy option = limited loss = investment, unlimited profit ( sell option = limited profit, loss= unlimited)
3 So for long = buy call
4 For short = buy put
5 Better go for 8500, 8600 etc as not much volume even now in 8550, 8650, 8750 etc
Prakash Holla |
|
| Back to top |
|
|
umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
|
| Post: #4777 Posted: Sat Nov 29, 2014 4:57 pm Post subject: Re: ATP |
|
|
| pkholla wrote: | | ragendth wrote: | | Thanks prakash..will check it out..I am opting for options bcos i dont have that amount to invest in futures even 1 lot |
1 Very wise. I do the same.
2 In the beginning only go for buy option = limited loss = investment, unlimited profit ( sell option = limited profit, loss= unlimited)
3 So for long = buy call
4 For short = buy put
5 Better go for 8500, 8600 etc as not much volume even now in 8550, 8650, 8750 etc
Prakash Holla |
Hi all,
buy options only when entry is triggered,for at the money options targets come to every 7 to 9 points depends on strike,do not increase your size in few days or weeks,first have the fruits then sow the seeds of it.never increase your initial margin,and regularly take payouts however small.
cheers |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #4778 Posted: Sat Nov 29, 2014 7:58 pm Post subject: |
|
|
| in case I have understood the doubt, options also have ATP and appears as a red line on its chart, at least on ODIN. |
|
| Back to top |
|
|
umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
|
| Post: #4779 Posted: Sun Nov 30, 2014 7:46 pm Post subject: |
|
|
| vinay28 wrote: | | in case I have understood the doubt, options also have ATP and appears as a red line on its chart, at least on ODIN. |
I havent taken options atp into consideration ,one can take nifty spot atp if wish to trade only with nifty options intraday
This strategy is for beginners to get into a disciplined system,one should be able to accept sl the same way as with targets unfortunately people start changing /hunting for no stoploss systems if there stoploss hits two or three systems,every system has a draw down.theres no need to take or get confirmation as market/price doesnt wait and the guidelines are clear about entries and exits.for beginners start with one lot for a month.i prefer to write options than buying ,for long write puts for shorts write calls.
cheers regards |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #4780 Posted: Sun Nov 30, 2014 7:53 pm Post subject: |
|
|
| true umesh |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #4781 Posted: Sun Nov 30, 2014 8:23 pm Post subject: |
|
|
| umesh1 wrote: | I havent taken options atp into consideration ,one can take nifty spot atp if wish to trade only with nifty options intraday
This strategy is for beginners to get into a disciplined system,one should be able to accept sl the same way as with targets unfortunately people start changing /hunting for no stoploss systems if there stoploss hits two or three systems,every system has a draw down.theres no need to take or get confirmation as market/price doesnt wait and the guidelines are clear about entries and exits. for beginners start with one lot for a month.i prefer to write options than buying ,for long write puts for shorts write calls. cheers regards |
Very true, Umesh. I repeat something said earlier, every time you post advice, something new (& useful) to learn from you. Thanks, Prakash Holla |
|
| Back to top |
|
|
umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
|
| Post: #4782 Posted: Sun Nov 30, 2014 11:20 pm Post subject: |
|
|
Very true, Umesh. I repeat something said earlier, every time you post advice, something new (& useful) to learn from you. Thanks, Prakash Holla[/quote]
Hi Prakash,
happy trading for tomorrow,just to share have started applying gann angles not gann calci for stocks just to share track SAIL for sell short swing ,trade with your intraday system if metalidx is down if not skip it
cheers |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #4783 Posted: Mon Dec 01, 2014 12:24 pm Post subject: SAIL tip |
|
|
| Umesh: SAIL short: very impressive, nearly Rs 4 drop, R 90.6 > R 86.8 from first candle high. Cheers, Prakash Holla |
|
| Back to top |
|
|
umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
|
| Post: #4784 Posted: Mon Dec 01, 2014 1:09 pm Post subject: Re: SAIL tip |
|
|
| pkholla wrote: | | Umesh: SAIL short: very impressive, nearly Rs 4 drop, R 90.6 > R 86.8 from first candle high. Cheers, Prakash Holla |
cheers prakash |
|
| Back to top |
|
|
umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
|
| Post: #4785 Posted: Sat Dec 06, 2014 1:15 pm Post subject: Trading mantra |
|
|
Trading is an art. Like any other business, it takes long, hard, disciplined effort to become a successful trader. The journey may be long, but the rewards can be great if you persist through. Here are 5 points to keep in mind to remain on track:
1. Maintain a trading diary. Use it to record all your trades (especially your mistakes).
2. Routinely read through your diary. This helps in remaining objective.
3. Share your experience with other traders. This helps you gain perspective.
4. Cut losses early by using a real stop order. Mental stops don’t work!
5. Backtest thoroughly. Trading is a continuous process of discovery and optimisation.
Happy Trading! |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You can attach files in this forum
You can download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
