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Swing Trading by Gann Methodology |
shekharinvest Yellow Belt
Joined: 21 Dec 2007 Posts: 549
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Post: #346 Posted: Mon Apr 08, 2013 8:13 am Post subject: |
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rameshraja wrote: | Gann Monthly Chart for Spot Nifty along with ichimoku clouds
In monthly Chart, Nifty didn't go below clouds since 2003. Most importantly, when Time met the Price , it moved in one direction after technical validation. This time, it made whip and started falling.
Lets hope, Nifty takes support just above Ichimoku cloud.
C T RAMESH RAJA |
RR Sir,
This post of yours, reminds me of an earlier post on the Nifty Direction which you wrote sometime in Feb 2012. Important point is reproduced below and also posting the accompanying chart.
"As per Gann methodology, if it closes above 5712 and when technical validation is completed, its headed to first target of 9320. "
Now, here when you say "it moved in one direction after technical validation. This time, it made whip and started falling" it is with reference to that post/ technical setup. Or was it some different/new setup ?
SHEKHAR |
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rameshraja Expert
Joined: 24 Nov 2006 Posts: 1121
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Post: #347 Posted: Mon Apr 08, 2013 8:44 am Post subject: |
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Mr Shekar
The chart you are referring is the one I posted is long term movement of Nifty whereas what I posted just couple of days back was with reference to short term signal within Monthly chart.
Please also keep in mind, Gann method also can do whipsaw and stops can be hunted as there is no system which is 100% perfect.
Best Wishes
C T R |
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reachchirag White Belt
Joined: 28 Nov 2012 Posts: 102
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Post: #348 Posted: Mon Apr 08, 2013 8:49 am Post subject: |
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You are true Mr. Raja. Iam happy with the levels you are giving. It's excellent. |
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shekharinvest Yellow Belt
Joined: 21 Dec 2007 Posts: 549
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Post: #349 Posted: Mon Apr 08, 2013 9:45 am Post subject: |
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rameshraja wrote: | Mr Shekar
The chart you are referring is the one I posted is long term movement of Nifty whereas what I posted just couple of days back was with reference to short term signal within Monthly chart.
Please also keep in mind, Gann method also can do whipsaw and stops can be hunted as there is no system which is 100% perfect.
Best Wishes
C T R |
RR Sir,
Thanks for the response, every method has whipsaws and as a trader I am quite comfortable with them.
What I really wished to learn here was that - Long term Gann setup and 93xx target for Nifty is still valid or it has been invalidated ? What is the invalidation point ?
SHEKHAR |
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shivan.sn White Belt
Joined: 24 Oct 2011 Posts: 11
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Post: #350 Posted: Mon Apr 08, 2013 10:03 am Post subject: |
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shekharinvest wrote: | rameshraja wrote: | Mr Shekar
The chart you are referring is the one I posted is long term movement of Nifty whereas what I posted just couple of days back was with reference to short term signal within Monthly chart.
Please also keep in mind, Gann method also can do whipsaw and stops can be hunted as there is no system which is 100% perfect.
Best Wishes
C T R |
RR Sir,
Thanks for the response, every method has whipsaws and as a trader I am quite comfortable with them.
What I really wished to learn here was that - Long term Gann setup and 93xx target for Nifty is still valid or it has been invalidated ? What is the invalidation point ?
SHEKHAR |
RR SIR,
watz ur view on bank-nifty and nifty....Technically it broken key supports...All major stocks like ICICI SBIN ,LT formed H&S which clearly Indicating MAJOR downfall in coming days....Except S/W sector all sectors broked key pivots....Its looking like a big decline like 2008 crash coming in next few weeks...IS there any chance of big decline... |
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rameshraja Expert
Joined: 24 Nov 2006 Posts: 1121
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Post: #351 Posted: Mon Apr 08, 2013 10:05 am Post subject: |
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Mr Shekar
You are a smart man in trading. you are asking this question. The level in that chart 4825 should not be takenout on closing basis in Monthly chart. If it does it, then whole uptrend from Oct 2008 is under threat. |
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shekharinvest Yellow Belt
Joined: 21 Dec 2007 Posts: 549
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Post: #352 Posted: Mon Apr 08, 2013 10:51 am Post subject: |
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RR Sir,
Thanks once again.
I am totally ignorant, when it comes to Gann methodoloy.
Whatever, little I have learned in trading is thanks to some of the great peoples in this forum (and outside of it too) including your good self, who have not only shared their teachings and experiences but also took great pain taking us along this journey.
SHEKHAR |
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Just Trade Brown Belt
Joined: 15 Nov 2007 Posts: 2388
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Post: #353 Posted: Mon Apr 08, 2013 10:57 am Post subject: |
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RR Sir,
Jublfood, SunTV, Dr Reddy and Reliance all ROCKING.
Thank you.... Continously booking partial profits
Regards
JT |
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manojkr78 Green Belt
Joined: 07 Mar 2011 Posts: 1014
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Post: #354 Posted: Mon Apr 08, 2013 11:00 am Post subject: |
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RR sir,
Could you please post gann levels for banknifty.
Thaks,
Manoj |
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rameshraja Expert
Joined: 24 Nov 2006 Posts: 1121
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Post: #355 Posted: Mon Apr 08, 2013 11:02 am Post subject: |
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Mr JT
Keep 776.50 SL for RIL which is 2 to 2.30 PM Low of Friday and this happens to be Gann Swing low.. Breaking this you can exit the trade. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #356 Posted: Mon Apr 08, 2013 11:28 am Post subject: |
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rameshraja wrote: | Mr JT
Keep 776.50 SL for RIL which is 2 to 2.30 PM Low of Friday and this happens to be Gann Swing low.. Breaking this you can exit the trade. |
Dear Mr Raja
This 776.50 level break is also on 30tf close basis? |
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rameshraja Expert
Joined: 24 Nov 2006 Posts: 1121
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Post: #357 Posted: Mon Apr 08, 2013 11:31 am Post subject: |
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Mr Vinay
Its a simple breaking of 776.50 in intraday exit the trade. |
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rameshraja Expert
Joined: 24 Nov 2006 Posts: 1121
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Post: #358 Posted: Mon Apr 08, 2013 11:32 am Post subject: |
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manojkr78 wrote: | RR sir,
Could you please post gann levels for banknifty.
Thaks,
Manoj |
Wait.. Wait .. I will post the levels |
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manojkr78 Green Belt
Joined: 07 Mar 2011 Posts: 1014
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Post: #359 Posted: Mon Apr 08, 2013 11:39 am Post subject: |
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thanks.... |
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rameshraja Expert
Joined: 24 Nov 2006 Posts: 1121
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Post: #360 Posted: Mon Apr 08, 2013 11:40 am Post subject: |
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Mr Vinay
see Reliance Gann Swing Chart |
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