Intraday Trading Using Gann Calculator

[razx5]

Since I'm still testing the system, i'm trading mainly one lot MN so that d real money forces me to be in frnt of d screen all d time. I go for 2 lot when confidence increases, i.e. sorting on 12th. My main moto now is to check if gann works or not. Once I get confidence that it works more than 50% of time I'll start elaborating on d other areas.

but keep writing the profit/losses everyday n the book(2 lots of mnfty)..so that end of month u get atleast 150-200 points

 

[razx5]

Since I'm still testing the system, i'm trading mainly one lot MN so that d real money forces me to be in frnt of d screen all d time. I go for 2 lot when confidence increases, i.e. sorting on 12th. My main moto now is to check if gann works or not. Once I get confidence that it works more than 50% of time I'll start elaborating on d other areas.

one more thing..do some modifications for entry..have a look at index chart too for entry confirmation..that means say for today v got sell below 6103.65 bcoz the opening bar low was 6116.30..at that time index was 6088..next important level is 6084(6064-6084-6103-6123 r the gann levels)..so take position only if index also broke some imp level..that level is 6084..but index didnt breeak..so our call did not trigger..short call triggered at 11.15 a.m as index broke 6084..at that time nifty futures was 6095..same way v would have been long if nifty futures broke 6142.90 as opening bar high was 6134..but index opening high was 6144 thta would have given us buy above 6162.90..who knows..our stoploss might have triggered if v were bought without index breaking 6162.90..i have seen past 5 days intrady graph..i could have avoided 3 stoplosses if i have followed index charts..even yesterday my first trade long above 6103 failed after making high of 6113..but according to index high was 6085..so buy only above 6103..index made only high of 6090..so our buy call did not trigger..anywayz from tomoro v ul trade accordingly..

 

[bhaskar145]

Hi Raz,

Thanx fr ur adv......we'll try it out 2morrow. This is little critical while trading purely price based system, nothing else(charts,indicators etc) for confirmation......needs a very good MM sys to avoid large drawdowns.

One clarification, if for exmpl NF riches Gann lng/shrt lvl but NS doesn't,we wait fr NS to arive it's lvl........ then NS comes to it's lng/shrt lvl & by that time NF is away frm it's lvl in our direction then we enter at present NF price...right?

 

[razx5]

Hi Raz,

Thanx fr ur adv......we'll try it out 2morrow. This is little critical while trading purely price based system, nothing else(charts,indicators etc) for confirmation......needs a very good MM sys to avoid large drawdowns.

One clarification, if for exmpl NF riches Gann lng/shrt lvl but NS doesn't,we wait fr NS to arive it's lvl........ then NS comes to it's lng/shrt lvl & by that time NF is away frm it's lvl in our direction then we enter at present NF price...right?

rt..today index high is 6076..nf high is 6039.50..rt now bf is trading at 15 point premium...so buy only above nf 6045 and wait index also break some level..levels r 6006.50-6025.90-6045.25..short below 6006.50 when index break as low for both r same

 

[bhaskar145]

rt..today index high is 6076..nf high is 6039.50..rt now bf is trading at 15 point premium...so buy only above nf 6045 and wait index also break some level..levels r 6006.50-6025.90-6045.25..short below 6006.50 when index break as low for both r same

Gd Mrng,

As per ur theory Corresponding nifty spot buy level shd be 6084(gann buy lvl fr high of6076), pls clarify.

 

[razx5]

Gd Mrng,

As per ur theory Corresponding nifty spot buy level shd be 6084(gann buy lvl fr high of6076), pls clarify.

actually correct..me bhaskar..but my stoploss trriggered..as i took nifty futures above 6042.90 even index broke imp level of 6025.90 at that time..if i followed ur method (long only above 6084 spot) i could have avoided loss..anywayz i covered as i was short below 6000 and covered full at 5929..but still v need to fine tune our entry..may b few points below i ul mention..
enter only when spot as well as contract both break a near levels.. for eg.today spot high is 6076.20 and contract high is 6039.50..which is nowhere near..so buy only above 6084 spot..had if the spot high was 6041 levels..that long entry of mine uld have clicked..same way spot opening low was 6013.55..so sell below 6006.50 which was triggered at 9.24 a.m....but contract did not break below 6006.50(as low ofr both spot and contract same)..perfect entry was when spot broke below 5987(as low was 6001.95) and futures went below 6006.50..10.15 a.m

 

[razx5]

next sell when spot below 5890 and nf below 5909..both should be below this zone..no question of goin long today

 

[razx5]

how about long above 6064.65 contract and 6045.25 spot mr.bhaskar as day high for nifty futures is 6049 and the corresponding positions for spot should b the level below 6064.65 that is 6045.25?

 

[razx5]

short below 5967.75 spot as opening low is 5978.05..nifty futures already broke the level of 5987.15 as its opening low is 5995.60..so wait for the spot to go below 5967.75

 

[razx5]

short below 5967.75 spot as opening low is 5978.05..nifty futures already broke the level of 5987.15 as its opening low is 5995.60..so wait for the spot to go below 5967.75

v r short now on nifty futures at 5980 as index has broke below 5967.75..trgt1 5948.40 spot..stoploss is 5987.15 spot or 6006.50 contraxct whichever is higher