Best Nifty Strategy-Must Read

[architarora]

Thats what i said...u took LTP.....

Also bro, y are u making things complicated, u are forcing the system to go right...by sometimes entering ATP and sometimes LTP.

At 9.29am, if ders a differens of arnd 16 points Btwn ATP & LTP, surely your enter level is already gone (as per ATP levels). That time you wait for the mkt to come under the buy/sell level range and than wait for the break out.
(like it happened today)

And if the difference is less than 16 points btwn ATP & LTP you will get same levels (no issues with this).

Y we take ATP is its a average traded proces for the first 15 mins and it dosent move that quickly as LTP. So every one will get the same levels and will trade according.

whereas in LTP, it changes every second, and so if der are 10 traders, 8 of them will get different figures. ( the difference would be .10 or .50) sometime this also make a difference.

please refer to the HELP document mentioned in the website(link posted in beginning of the thread). I have not modified anything. the rules are the same and so is the interpretation. first VWAP is to be taken into consideration, thereafter LTP.

I gave you the clarification since this is what has been working for me for more than 6 months...i've also done sufficient back testing to satisfy myself...
Hv a good day

 

[SB2000]

Well after paper trading this for a while and doing actual trades for few months, here are few observations:

1) Gann doesnt work when market volume is low. I think most of the losses in December because the volumes were low on Nifty.

2) Ris Reward ratio - If you observe, the first target of Gann is around 15-17 points and the Stop Loss is around 16-17 points. The RR Ratio is messed up here. What can be done is, put a SL of 10 points instead of 17. This is ONLY for your first trade.

Example: Buy Above 4641 with stop of 4624. However, keep a stop at 4631. Now, if this stop is taken out, just watch what the mkt does, if it goes back to 4641, then again take your long but now with the actual stop at 4624.

Reason: If the Gann call is long and market if not able to sustain at higher levels, you will pretty much get a picture of it from your first two trades. It will also help you to take a confident position in the opposite direction since a trend will emerge.

So, if you calculate, your total stop loss is 27 points instead of 34 points with Gann for two trades. And you will be able to take a third trade (usually we move out after two stop losses). However, if your conservative then either dont take the thrid trade or keep a stop of 10 points. So your effective stop loss is 37 points whereas bnlindly following Gann stop levels will give you a hit of 51 points.

3) Avoid taking positions around the target levels of Gann. Its always wise to take it at the precise levels or 1-2 points above (in long) or below (short).

One last thing is, I only take VWAP at 9.29 and it has worked wonders for me. Dont panic or loose faith in this system by just looking at December because it was a month where I guess nobody made money.

Your feedback and comments would be appreciated.

 

[Nehal_s143]

Level as per 9.30 close 4716

Buy above 4727 Stop loss 4709 target 4741 4759 4776
Sell below 4709 Stop loss 4727 target 4695 4677 4660

 

[mehtaka]

Level as per 9.30 close 4716

Buy above 4727 Stop loss 4709 target 4741 4759 4776
Sell below 4709 Stop loss 4727 target 4695 4677 4660

nehalji can u share your paper trading of the last two months?..
also do u prefer LTP or ATP?

 

[mehtaka]

according to ATP levels are

Buy at/above 4709.390625 Targets: 4724.199219 4741.393742 4758.6195 4775.876492 4793.164719

Sell at/below: 4692.25 Targets: 4677.478195 4660.391531 4643.336133 4626.312 4609.319133

 

[architarora]

Buy at / above: 4709.39 Targets: 4724.19 - 4741.39 - 4758.61 - 4775.87
Stoploss : 4692.25
Sell at / below: 4692.25 Targets: 4677.47 - 4660.39 - 4643.33 - 4626.31
Stoploss : 4709.39

 

[vaishraju71]

Buy at / above: 4709.39 Targets: 4724.19 - 4741.39 - 4758.61 - 4775.87
Stoploss : 4692.25
Sell at / below: 4692.25 Targets: 4677.47 - 4660.39 - 4643.33 - 4626.31
Stoploss : 4709.39

2nd target achieved

 

[Roy-NewTrader]

Frnds,
No stratergy will assure you 100% profit (and if it is der no one will tell you ).
Only a disipline way of trading will take to higher. If a system trading is failing for more than couple days/months its better to avoid live trading and do paper trade, so in this way you will be with the system and once it again strt generating good profit , strt live trading. No system will give you profits for all 12 months.
Talking abt this stratergy (Gann theory), people here are using many ways to get the levels. I have seen people getting the new levels every 30 mins/1hr. Use the system the way it is developed. Some one take LTP...some one take ATP, some one take the valuse btwn 9.15-10am, someone after that also...iin all the cases people will get different levels and will trade according, and if they fail blame it on system.
This system is based on the intraday, so one has to trade like an intra day trader.
We cannot trade on each and every break out, so one has to decide that he/she will make a 2/3/4 etc trades. If you are hit with 2 s/l's in a day stop trading, though u may find a rally after that, but thats part of trading,

Still many things to say ...but time is running out....
Make sure whatever system you follow, follow it 100% and with disipline.

Happy new yr..

Can U plz tell me How to do paper trading and where can i find the simulator tool.I want to do paper trading online...plz provide me with the procedure....

 

[kapilpatil]

Can U plz tell me How to do paper trading and where can i find the simulator tool.I want to do paper trading online...plz provide me with the procedure....

Just take a look.... (you need to register first)
http://www.nseindia.com/NP/nse_paathshaala.htm

 

[mehtaka]

Can U plz tell me How to do paper trading and where can i find the simulator tool.I want to do paper trading online...plz provide me with the procedure....

there are many portal where u can trade virtually..

I used to do it on paper it self, by actually writing all the trades executed on paper---transfer to excel sheet (which will calculate all the expenses incurred)

How u will do it (whether on paper/ or virtual).?
Get the levels at 9.30, and than watch the mkts, once the levels are break enter the position in your paper and moniter it how it goes. this you have to do it entire mkt hrs.
and if you dont want to sit for the entire mkt hrs (during your paper trading) than get the levels at 9.30am and than open the NSE TAME after the mkt hrs and go thru the chart and see how the levels were broke tgts achieved or s/l's were hit.