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Swing Trading by Gann Methodology |
rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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Post: #466  Posted: Wed Apr 10, 2013 10:08 am Post subject: |
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Mr Apka
1. BOI didn't validate the Buy signal and if someone bought on emotions, he would have been trapped.
2. TCS didn't do validation for Sell signal and if anyone shorted on emotion, he will be living in tension in this trade.
3. When SUNTV bounced to midpoint of entry and SL after proper validation, many would have missed the short trade as it was bouncing sharply and on fear they would have missed the good risk to reward trade.. Whereas Mr JT utilised the bounce opportunity to his advantage.
4. Important message: Trading by Gann method is not Holy Grail.. which is demonstrated by ICICI Bank trade by 30MTF. It whipsawed and finally succumbed to bigger down trend.
5. Though ICICI 30MTF sell signal only whipsawed whereas trade as per EOD for short still continues. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #467 Posted: Wed Apr 10, 2013 10:19 am Post subject: |
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| rameshraja wrote: | | BOI didn't validate the Buy signal and if someone bought, he would have been trapped. |
I bought BoI, I am NOT blaming you for my transaction. Holding it as positional stock. Please update us on BoI when you get signal from Gann analysis
Thank you in advance, Prakash Holla |
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biznet
White Belt
Joined: 04 Feb 2013
Posts: 46
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| Post: #468 Posted: Wed Apr 10, 2013 10:25 am Post subject: |
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RR Sir,
Your Bank Nifty call is also a good example of perfect stop loss. Bank Nifty bounced near to stop loss and crashed back which gave a good profit to people if they stick to the call keeping their fear aside.
Once again thank you very much for your calls and helpful instructions.
Biznet |
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rameshraja
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Joined: 24 Nov 2006
Posts: 1121
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| Post: #469 Posted: Wed Apr 10, 2013 10:30 am Post subject: |
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JUBL FOOD Stock murdered  |
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itc
White Belt
Joined: 20 Aug 2011
Posts: 7
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| Post: #470 Posted: Wed Apr 10, 2013 10:33 am Post subject: Asian Paint |
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Dear RR Sir
Whats ur view on Asian Paint as per Gann?
Regards
Deepak |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #471 Posted: Wed Apr 10, 2013 10:48 am Post subject: |
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ITC
I don't track Asian paints. |
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #472 Posted: Wed Apr 10, 2013 11:00 am Post subject: |
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| SBIN tgt of 1985 achd.. |
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deepakms
White Belt
Joined: 13 Aug 2009
Posts: 194
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| Post: #473 Posted: Wed Apr 10, 2013 11:28 am Post subject: |
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Smartcancerian,
Hi the SBI tgt was acieved y'day................next tgt II is 1915.
Rgds
Deepak |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #474 Posted: Wed Apr 10, 2013 11:32 am Post subject: |
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| SBI trailing stop moved to 2033 in 30MTF close. |
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kingkrunal
White Belt
Joined: 22 Jun 2012
Posts: 498
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| Post: #475 Posted: Wed Apr 10, 2013 11:59 am Post subject: |
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| rameshraja wrote: | kingkrunal
It should break yesterday's low for validation of signal. You can enter either on bounce at entry level or when it bounces to midpoint of entry and SL around211 after validation is done. |
rr sir... zeel still waiting for the validation as the low of 200.4 is not broken... am i correct?  |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #476 Posted: Wed Apr 10, 2013 12:11 pm Post subject: |
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Mr kingkrunal
ZeeL future need to break the low of 08.04.2013 and once thats done, you can wait for pullback to entry or midpoint between entry and Stop to initiate trade.
Please note, the lot size of ZEE is big and stop is on closing basis as per EOD. Market seldom closes exactly at SL level incase if it takesout. Understand the risk and do it. Please analyse yourself, if you have risk capacity for this trade and don't live in tension after initiating the trade. |
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kingkrunal
White Belt
Joined: 22 Jun 2012
Posts: 498
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| Post: #477 Posted: Wed Apr 10, 2013 12:12 pm Post subject: |
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| rameshraja wrote: | Mr kingkrunal
ZeeL future need to break the low of 08.04.2013 low and once thats done, you can wait for pullback to entry or midpoint between entry and Stop to initiate trade.
Please note, the lot size of ZEE is big and stop is on closing basis as per EOD. Market seldom closes exactly at SL level incase if it takesout. Understand the risk and do it. Please analyse yourself, if you have risk capacity for this trade and don't live in tension after initiating the trade. |
Yes RR sir... got it ... will surely do that accordingly... Thanks a lot  |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #478 Posted: Wed Apr 10, 2013 12:19 pm Post subject: |
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| What a fall in Century Textiles from 285 to 268.85 !!!!!! |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #479 Posted: Wed Apr 10, 2013 12:23 pm Post subject: |
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As per Gann Chart of 5 years, LT support level is around 1312 and it should not close below 1240.
Its just an information for the followers of this thread and not for initiating the trade. |
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baldewa
White Belt
Joined: 07 Nov 2010
Posts: 96
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| Post: #480 Posted: Wed Apr 10, 2013 12:30 pm Post subject: |
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| SIR, WHEN YOU say eod close it mean adjusted close or chart close? |
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