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Swing Trading by Gann Methodology |
narasimhan_pai
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Joined: 02 Apr 2007
Posts: 22
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Post: #586  Posted: Tue Apr 16, 2013 10:42 am Post subject: |
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RR Sir,
Thank You very much giving your valuable opinion.
Narasimhan.Pai |
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reachchirag
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Joined: 28 Nov 2012
Posts: 102
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| Post: #587 Posted: Tue Apr 16, 2013 11:41 am Post subject: INDUSIND |
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RR SIR,
Do we need to wait for indusind to come to 417 or can we short at current level with SL 427 |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #588 Posted: Tue Apr 16, 2013 11:44 am Post subject: |
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Mr reachchirag
Its a short below 407 and I have given pullback value at midpoint.. If you can afford risk go ahead. |
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sanju777
White Belt
Joined: 13 Jun 2011
Posts: 87
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| Post: #589 Posted: Tue Apr 16, 2013 11:47 am Post subject: |
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| rameshraja wrote: | IndusIndBK:
Trade as per Gann Ranges:
Short IndusindBK on pullback around 417 with Stop at 427 on closing basis. TGT 365 - 335
Please note, validation for IndusindBk has already been done. |
Chirag ,
Pls read this.........It clearly states that you have to "SHORT AROUND 417"...This means Short upto 417.
Sanjay |
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dhavalparag
White Belt
Joined: 01 Nov 2008
Posts: 28
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| Post: #590 Posted: Tue Apr 16, 2013 2:07 pm Post subject: |
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RR sir,
Around what level do u feel mkt may stop. What ab ICICI and MARUTI for shorting? or any other scripts? |
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sanju777
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Joined: 13 Jun 2011
Posts: 87
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| Post: #591 Posted: Tue Apr 16, 2013 2:17 pm Post subject: |
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| rameshraja wrote: | I feel, this thread idea gets diluted when we takeup trades based on Gann intraday time frame.
I will continue to post high probability positional trades from EOD and weekly chart, which has big TGTs with good Risk to Reward of 1:4 or more.
You can also trade with lot of ease when trades are taken from larger time frame. Smaller time frame trade like 30 minutes, requires constant followup and we need to keep changing the stop and keep rotating trades.
Another important predicament for me that I cannot keep coming to Forum during trading time and keep updating the levels for 30MTF trade, since I also do hectic trading during the day and in the bargain I should not loose my concentration in my personal trades.
Lets shun short term trades and go for swing / positional trades with great risk to reward.
Even if we takeup, three to four trades in a month, it gives huge money like Dr Reddy / Raymonds / SBI / SunTV / Nifty etc..
I also find, many here takingup trades on their own and then asking for Levels as per Gann system. I am fully concentrating on Gann Cycle analysis and whereever time meets the price, I will putup my view here.
Best wishes
C T RAMESH RAJA |
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falcon
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Joined: 17 Nov 2011
Posts: 211
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| Post: #592 Posted: Tue Apr 16, 2013 2:29 pm Post subject: |
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| dhavalparag wrote: | RR sir,
Around what level do u feel mkt may stop. What ab ICICI and MARUTI for shorting? or any other scripts? |
Please see the Excel file I have uploaded in this page itself and choose any scrip you feel like shorting.
falcon |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #593 Posted: Tue Apr 16, 2013 3:00 pm Post subject: |
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ZEEL fell from 207.25 to 200.75 now  |
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falcon
White Belt
Joined: 17 Nov 2011
Posts: 211
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| Post: #594 Posted: Tue Apr 16, 2013 3:07 pm Post subject: |
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| rameshraja wrote: | | ZEEL fell from 207.25 to 200.75 now |
Shorted May futures @ 204.20 a few minutes ago! |
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zameerg
White Belt
Joined: 30 Aug 2012
Posts: 6
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| Post: #595 Posted: Tue Apr 16, 2013 3:25 pm Post subject: |
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tx sir,
Already making 8K on Zee |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #596 Posted: Tue Apr 16, 2013 8:55 pm Post subject: |
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ICICI Bank has triggered stop at 1078 in EOD close. Short need to be closed.
Look Back of Movement in ICICI short:
From Short level of 1046 as also from midpoint level of 1062 ( It bounced to midpoint on 01.04.2013), it fell by Rs.78 to 984 and missed the first TGT of 765.
Having triggered the Stop at 1078 in EOD close, we need to long now in this stock. |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #597 Posted: Tue Apr 16, 2013 9:00 pm Post subject: |
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ICICI Bank:
Buy ICICI Bank Future at 1078 with Stop at 1046 in EOD close. TGT 1155 - 1295
ICICI Bank needs to do validation for buy signal by crossing today's high. Buying can be initiated after validation at Entry level or at midpoint between entry and Stop.
Trade Well !!
C T RAMESH RAJA |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #598 Posted: Tue Apr 16, 2013 9:13 pm Post subject: |
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I need the comments for the following from Mr Vinay / Mr Falcon / Mr Just trade and other members who follow this thread..
Stocks / Index may miss sometime the targets given, but it could have moved substantially from entry level either from short or long.
Take the example of ICICI Bank short.. It fell from short entry level of 1046 and also from midpoint level of 1062 to 984.. So also if you look at Excel sheet of Mr Falcon, he has shown Dr Reddy SL hunted for short initiated at 1810. Whereas, DR reddy fell by Rs.84 from 1810 to 1726 in four days and stock missed to achieve target.
In such a situation like the above, what should a trader do ? Secondly, how Mr Falcon planning to show in Excel sheet of the above movement.
Kindly advise me.
Thanks
C T RAMESH RAJA |
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doctorshah
White Belt
Joined: 24 Jul 2011
Posts: 95
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| Post: #599 Posted: Tue Apr 16, 2013 9:25 pm Post subject: |
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| RR Sir I think trailing stoploss would be the answer |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #600 Posted: Tue Apr 16, 2013 9:35 pm Post subject: |
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Hello Doctorsha
Trailing of stop is not possible until the stock meets time again.
I am more bothered about people who follow this thread and initiate trade based on my writings. As regards my trading is concerned, I do in multiple lots and cover partly when the stock moves on momentum and leave the balance qty to Stop. Sometimes, I take decisions to close completely when I see good profit without waiting for TGT to be achieved and I switch to another stock.
I cannot expect everyone to act like what I do.. I am confused in a situation like this about guiding people.
C T R |
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