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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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Post: #46  Posted: Fri Dec 02, 2011 2:45 pm Post subject: |
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| sonila wrote: | | umesh1, today gann levels u mentioned rocked. Have u put nf avg value as 4946 into gann calculator??? |
Hi sonila
fortunately today it gave a tonn,but everyday even in narrow range it gives 15 points ,morning avg of 5 mins rate is input data and valid for full day purely intraday i mean
happy niftying |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #47 Posted: Fri Dec 02, 2011 3:44 pm Post subject: |
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| Does gann work well with options? |
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nsk1371
White Belt
Joined: 01 Sep 2009
Posts: 226
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| Post: #48 Posted: Fri Dec 02, 2011 3:48 pm Post subject: |
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| seniors,. i entered long in mini as per the level and booked at 1st first level.. but for clarification i'm asking this question, can i reenter abvoe the resistence levels ( indicated in the gann table attached in the earlier thread of sherbaazji).in case i enter what shd b the sl t1 or the earlier sl.... please take some pain to clarify. |
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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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| Post: #49 Posted: Fri Dec 02, 2011 3:58 pm Post subject: |
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| vinay28 wrote: | | Does gann work well with options? |
havent tried yet, |
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zircon
White Belt
Joined: 08 Apr 2010
Posts: 15
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| Post: #50 Posted: Fri Dec 02, 2011 7:37 pm Post subject: |
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hi umesh, sonila and all Gann fans
I am using Gann levels from past few months, it gives good results.. today's NF buying level was 4952 and selling level was 4935.. use ATP of 9.20am.. Today buy triggered and NF went more than 100 points upward....
here you guys are using some incorrect calculator which gives you buy at 4955 .. just google search for "Gann Square of 9 calculator" and choose 1st link.. |
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zircon
White Belt
Joined: 08 Apr 2010
Posts: 15
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| Post: #51 Posted: Fri Dec 02, 2011 7:40 pm Post subject: |
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| sonila wrote: | | umesh1, today gann levels u mentioned rocked. Have u put nf avg value as 4946 into gann calculator??? |
yes sonila today's ATP was at around 4946
and levels was 4952 for LONG and 4935 for SHORT |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #52 Posted: Fri Dec 02, 2011 8:49 pm Post subject: |
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| dear zircon,how mny lots do u carry coz the rule is booking at the specified targets.and in todays market one would hv to buy several lots to book at regular intervals.also when market whipsaws then how to trade coz then stops r hit anf then it goes again in the desired direction |
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zircon
White Belt
Joined: 08 Apr 2010
Posts: 15
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| Post: #53 Posted: Fri Dec 02, 2011 10:46 pm Post subject: |
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| ragarwal wrote: | | dear zircon,how mny lots do u carry coz the rule is booking at the specified targets.and in todays market one would hv to buy several lots to book at regular intervals.also when market whipsaws then how to trade coz then stops r hit anf then it goes again in the desired direction |
In my view quantity should be fixed.. you can use Trailing of stop loss technique..
This system does not give more whipsaws.. if you strictly follow the system, you will be in a profit.. start with mini nifty 1 LOT.. do only 1 trade every day, whatever the result.. either you book profit at T1 or your SL get triggered.. do it consistently for 20 trading days at least.. prepare excel sheet of your trades.. and check the results.. I am sure, you will be in a profit.. |
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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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| Post: #54 Posted: Fri Dec 02, 2011 11:08 pm Post subject: |
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| zircon wrote: | | ragarwal wrote: | | dear zircon,how mny lots do u carry coz the rule is booking at the specified targets.and in todays market one would hv to buy several lots to book at regular intervals.also when market whipsaws then how to trade coz then stops r hit anf then it goes again in the desired direction |
In my view quantity should be fixed.. you can use Trailing of stop loss technique..
This system does not give more whipsaws.. if you strictly follow the system, you will be in a profit.. start with mini nifty 1 LOT.. do only 1 trade every day, whatever the result.. either you book profit at T1 or your SL get triggered.. do it consistently for 20 trading days at least.. prepare excel sheet of your trades.. and check the results.. I am sure, you will be in a profit.. |
Very well explained zircon,if u elaborate In a month out of 22 days of trading,if you hit 6 stoploss,then also you are net gainer on 10 days.if u r hitting stoploss for 3 consecutive days then better change your strategy and tune your entry levels,just mere kissing entry levels is not valid entry point ,it has to maintain entry points with volumes.try it and taste it,
Happy Niftying |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #55 Posted: Sat Dec 03, 2011 10:38 am Post subject: |
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| thnks umesk n zircon,ill do just one mini nifty evryday n c wat the results r after a month,coz the mantra fr success is consistenr profits and guess fr that our stops must be in place |
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