iCharts Discussions

[stejasmehta]

RR Sir,

What percentage of Stop Loss you suggest if trade is on intraday basis ?

Kindly Reply

[bharatpatel]

Dear R R Sir,

Why it is called power of 44 and why not "power of table of eleven" ?

If most important is "44" then why we change color of the column starting with 88 and 132 ?

should we believe that in this whole table only 44 88 and 132 columns only are needed ?

pls reply to clear my doubts as i am new to stock markets.

Regards,

Bharat patel

[rameshraja]

Mr Vinst

Now your 5500 PE has hit 165.. See the Table now.. This Option will struggle a lot from here to close above 176 in 30MTF. Just for your info.

[vinst]

[rameshraja]

Mr Vinst

Unless NF level of 5495 is conquered, today we may see lowest close..probably to 5375 - 5345. Above 5495, shorters might be trapped.

[ridinghood]

hi ramesh sir
nf moves above 5495 now!

[vinay28]

dear rameshraja, pl comment on my query

[sherbaaz]

Sir,

Kindly give your inputs. I have bought 5600 PE march contract @ 174 now it has closed above 176 ie at 182.80. I am still carrying it. Should I target 220 with tsl 165-176-187-198-209 as and when the nos come?

Kindly guide.

Regards,

[rameshraja]

Mr Vinay

Please note, I have not taken the Number 11 / 22 / 33 and 44 at random. Its well researched from my end and I have basically taken the input from Gann workings of 64th of the Circle. wherein, he had emphasised angles of 11 1/4 , 22 1/2 , 33 3/4 are very important and the symmetrical movement of these lead to 45 degrees vibration.

I have taken these angles as absolute numbers ( ignoring the fraction ) and tried to build the spiral number based on this. To my surprise, when I was backtesting the large datas of various stocks and indices, I found these spiral numbers were getting honoured at every interval of time.

My failure to pull the profit trigger at right price and time only made me research on this subject. My continuous observation of price stalling at particular level and retracement occuring thereafter, made me to look at Gann studies, as numbers kept repeating quite often.

On intraday also, if you observe that when price closes above a particular number of this table and if its high is takenout in subsequent bar/s, its stop becomes the low of that bar and if its broken, then it keeps falling to all subsequent numbers.

If you feel number 7 and 9 could apply better than this, please enlighten me and I am open to your ideas and willing to learn from you.

Best Wishes

[infinity]

Rameshraja Sir,

Thank you for posting such a nice post. You are distributing fruits of labour you had gone thru' to all of us.

I have checked this strategy for options and working very well. I have an observation which I would like to share. I used to track options with point and figure charts and used to find it difficult to identify box size. To my surprise this system is equivalent to box size 11 with 8 box reversal system. This must be some way connected to angels you are referring to; however I have not studied Gann and hence unable to comment on correlation.

Thank you once again for this post as well as your other posts which are made very simple by you for us to understand.

regards

[rameshraja]

Mr Vinay

See the attached Daily chart of Nifty Future. On 44th day from the bottom, it made the reversal.

[seshareddy]

RR SIR

Excellent post

thanks

seshareddy

[vinay28]

thank you rameshraja. very interesting indeed. number 9 is anyway involved in this as all these angles are divisible by 9 the result being an integer or an exact/terminating decimal

[vinst]

[rameshraja]

Mr Sherbaaz

Please see the attached Xls sheet for Nifty 5600 PE of March, 2012.

If it closes above 220 in EOD, then you can expect 264 - 308.. As of now, 5600 PE is not in BUY mode.