Intraday Trading with Gann

[sirsi2004]

How to get Gann software.
Please help me by sending e-mail to [email protected]
Thanks

 

[ocil]

How to get Gann software.
Please help me by sending e-mail to [email protected]
Thanks

We are using Excel file no software. Also there are website for Gann online calculator with all the info for trade what is your requirement?

 

[ocil]

And also how would you arrive what would be the entry and sl or sell and sl with targets on monday. For eg when i checked LTP was 5087 for nifty futures and VWAP is 5108.61. Spot closed at 5084.25

Awaiting your reply.

Thanks
Alok Urs

Alok we are using Gann Calculator for target & SL. You can use Gann on any day even Nifty open gap up or gap down.We are doing trade only intraday only .We are using 9.30 candle close price to get the levels. you have to check 9.30 closing price to get the levels. Use this website for all the Gann levels for Nifty Future & stocks.
http://gannsquareof9.pivottrading.net/
Cheers

 

[Amigo]

Hi Ocil, i have a few doubts . kindly help me.
#1. When all the targets are done, you use that very 5 minute candle closing point to recalculate your next levels. is my understanding right?
#2. where to keep trailing stop loss.?what i understood till now is that we are supposed to trail stoploss at the previous level once we cross that .Do you use any filter of say 2-3 points?
Thanks
Amigo

 

[Aloakdutt]

Dear Friend,

I have another question, what if all targets are met even if we take 09:30LTP candle.

How would we check if there is any other trade available for the reamining part of the intraday. Or is it that the targets are fixed.

Incase we enter to check market after 09:30 till what time can we take LTP or VWAP for intraday? Till what time can we take for finding intraday trade once target met or is 10:30 last.

Thanks and Regards
Alok Urs

 

[Aloakdutt]

Today LTP of 09:30 was 5039.

BUY at / above 5041 - Target 5056.23 , TGT 2 5074, TGT 3 5091.84, TGT 5 5109.693875 TGT 5 5127.575555.

Sell at / above 5023.26 TGT 1 5008.065 TGT 2 4990.38 TGT 3 4972.73 TGT 4 4955.11 TGT 5 4937.53

Buy triggered at 5041 @ 09:34 in 1 min time frame almost reached first target 5053 @ 09;40 @ 09:41 it came down to 5049

In 5 TF buy triggered @ 09:39 with close 5048 although at 09;34 it broke and closed @ 5046, it was hovering @ 5054 09:44. @ 09;45 hovering @ 5045

 

[Aloakdutt]

@ 09:47 5 tf it touched 5056.24 and in 1 min tf it closed @ 5057 @ 09:46 and @ 09:49 it closed at 5055 and next candle opened 5051.80

alok urs

 

[Aloakdutt]

sINCE it did not sustain above 1st target 5056.24 , the next five TF closed at 5052.10. and when i entered the 5052.10 close price @ 09;54

It gave buy signal above 5058.76 with TGT 1 5074.02, TGT 2 5091.84 TGT 3 5109.69 TGT 4 5127.57 TGT 5 5145.48 SL 5041

Sell signal 5041 TGT 5025.77 TGT 2 5008.065 TGT 3 4990.38 TGT 4 4972.73 TGT 5 4955.11

Resistance were 5076.56, 5094.39, 5112.25,5130.14, 5148.06
Support 5023.26, 5005.56,4987.89, 4970.25,4952.64 SL 5058.76

Can someone tell me if this correct

 

[jallanankit]

sINCE it did not sustain above 1st target 5056.24 , the next five TF closed at 5052.10. and when i entered the 5052.10 close price @ 09;54

It gave buy signal above 5058.76 with TGT 1 5074.02, TGT 2 5091.84 TGT 3 5109.69 TGT 4 5127.57 TGT 5 5145.48 SL 5041

Sell signal 5041 TGT 5025.77 TGT 2 5008.065 TGT 3 4990.38 TGT 4 4972.73 TGT 5 4955.11

Resistance were 5076.56, 5094.39, 5112.25,5130.14, 5148.06
Support 5023.26, 5005.56,4987.89, 4970.25,4952.64 SL 5058.76

Can someone tell me if this correct

I dont think ur way of trading this strategy a good one(my personal view)

The gann levels work for the whole day..(as a beginner, try to get ur hands here first)..next if u keep entering the LTP at different times, u will get different values for BUY and SELL.. but the accuracy of these numbers are not checked as yet..!!

Try backtesting with some prev month's data..!!

 

[Aloakdutt]

AS PER 09;30 CANDLE rESISTANCE IS 5058.76,5076.56,5094.06,5112.25,5130.14 WITH SL 5023.
SUPPORT : 5005.56,4987.89,4970.25,4952.64,4935.06 WITH SL 5041