iCharts Discussions

[Just Trade]

ONGC Long @ 326.90...

JT

[masa]

dear rameshraja

could it possible to convert gann angle ratio into percentage?
means, how much 45* ( degree ) in percent?

[rameshraja]

INDUS IND BANK blasted after result.

[rameshraja]

thats why one day before result we need to closeout position and stay on sidelines..

[baldewa]

[rameshraja]

baldewa

You have to stick to SL. I advice you as also others, before taking position, understand if you can afford the risk .. then only initiate trade.

After taking position, don't live in tenstion.. Allow the market to do its work.

[Balach77]

ONGC 337....

[rameshraja]

Mr Masa

If I am not wrong, degree divided by 360 multiplied by 100. Then you will get the % of that degree.

For 45 degree angle its as follow:

45 / 360 = 0.125

Mulitply 0.125*100 = 12.5%

Therefore, 45 degree = 12.5%

I think I am right.. if not let others correct me.

C T RAMESH RAJA

[masa]

[rameshraja]

Mr Vinay

To your query on 17th April, 2013, my reply is as follows:

In technical anlaysis, when a Buy a signal is generated, then subsequent bar/s should cross the High of that Buy signal bar.. This is to ensure that Buy signal is not a false one or its a Whipsaw to existing trend.

Example:

Suppose if PNB generates Buy signal on close above 735 with Stop at 719 EOD close , and its OHLC of that day happens to be 712.35 744.90 711.00 736.00 . Now it has closed above 735. As per technicals that this buy signal is valid, one should ensure that in subsequent day/s, it should cross the high of 744.90. This is called validation of Buy signal. Once that is done, you can always wait for stock to pullback to buy entry level of 735 to initiate trade or if you are conservative in taking risk you can buy at midpoint between 735 of your entry and SL level of 719, which is around 727. This is what I mean in all my posts.

To your next question:

when we follow Gann Price and Time methodology, change in trend direction happens when both time and price get squared. When that happens market gets balanced and while change in trend direction happens, we initiate the trade and ride the entire new trend till targets are achieved. To trail the stop as per this method, I am not quite sure if we can adopt different methods like Fibonacci or by Gann ranges. Thats why I said, we might have to wait till new change in trend happens, which could be again by price and Time getting squarred off without diluting the method.

The great disappointment we may have to encounter when Targets are missed and when we don't pull the profit when stock moves substantially in favour of our trade. Thats where, it puzzles us. To my understanding of reading Mr W D Gann's trades, he successfully captured big moves when Price and Time met, but nowhere its mentioned how he trailed his trades.

Trust my reply meets your requirement.

Best Wishes

C T RAMESH RAJA



[/u]

[vinay28]

[falcon]

[rameshraja]

Mr Falcon

We can buy Kotak if it pullsback around 630 with Stop at 619 EOD close for target of 690 - 745. Don't buy here as market is expected to correct soon.

I am expecting Spot Nifty to correct either from 5860 or from 5900.. Correction can lead to 5725 and 5550 level.. Lets not be in hurry to buy stocks.

Best Wishes

C T RAMESH RAJA

[falcon]

Sir,

Please find attached the updated Excel sheet of the recommendations you made.

[rameshraja]

As market is moving on momentum, keep Stop for SUNTV and Zee in intraday basis than in closing level. What I mean is, if the above stock breaches the Stop level in intraday, exit the trade.