i guess this calculator has been designed to work with US markets....how do u use it for Indian markets?
do u personally trade using this calculator? if yes, u trade only NF or stocks as well?
plz provide ne write up for the calculator if available as its not all clear from the info given on the website.
do u personally trade using this calculator? if yes, u trade only NF or stocks as well?
plz provide ne write up for the calculator if available as its not all clear from the info given on the website.
Hmm...regarding my trading strategy ..
There was a time when I blindly used to rely on the above-mentioned gann calculator. After all, the values predicted seemed too accurate. However, within a few days of using it...I began to realize something. When the gann sheet says "buy", the market will rally up to the so-called "buy" point and then falter.
For instance, the sheet will state buy at 3249. I noticed that the price will race up to 3249. And then the selling pressure will increase and the price will revert back to 3234 (the sell value i.e. if bought at 3249). This put me at a huge disadvantage. I would buy at 3249 and wait for the price to rise high. Ahh..stupidity at its best!
What if I had the prior knowledge that the market would falter at 3249? I began to think on those lines. Gann's calculations and the values listed in the excel sheet are very accurate. But, we always tend to join the rally at the wrong position.
There is a particular strategy called the Murrey Math. Try to find more about it. I am using it for my day trading. The thing about Murrey math is simple. We use gann values to predict when to buy and sell. Needless to state, the system strangely works. Now, I do not know whether I have found the holy grail or something like that - but, this particular strategy is helping me to pay my bills, even on these days when our markets are highly volatile.
And mind you - I am a strict mechanical trader. I hate the entire idea of immersing myself with thousands of so-called indicators in fancy charting software suites (no offense to the gurus over here). And please bear in mind that I am a total novice in the niche. I started learning just a few months back. Experimented with a whole lot of mechanical trading systems such as gann calculator, camarilla equations, fibonacci pivots, floor pivots etc etc before settling in on Murrey Math. Trust me when i say this - with the right strategy, day trading equities can be a fun filled activity.
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