Intraday Trading with Gann

[Aloakdutt]

@ 13.08 it touched 5041 candle turning back to red with buying pressure @ 5041 came down to 5040, when i put 13:04 price to gann it gave 5041 as sell same as 10:30 and 11:30 price of buy and sell above. It was sideways market lot of wipsaw

 

[Aloakdutt]

Exactly it touched sell 1st target

 

[Aloakdutt]

@ 14:32 nifty broke 5023 on 1tf and went to 5017.

 

[Aloakdutt]

WHEN I PUT 14;35 cp OF 5017 IT GAVE BUY ABOVE / AT 5023 AND REACHED A TOP OF 5045 BEFORE COMING DOWN TO 5035

 

[Aloakdutt]

At thisa jucture it was for sell @ 5005.56

 

[ocil]

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

Dear Amigo...
1) your understanding is correct. This is my trading style. You can do on don't do. its up to traders.
2) Regarding TSL. I follow 20 point system. IF first target hit move TSL to t1-20....T2 hit move TSL to t2-20...But watch Day pivot & day resistance Level also. Do not convert profit trade to loss trade any time. that is my target....Save your Money.

 

[ocil]

At thisa jucture it was for sell @ 5005.56

DO not trade with Gann on this style. You will loose all your money...

 

[Aloakdutt]

i wanted an understanding on it so i updated thanks for saying not to trade on this style. Please provide me how to go about

 

[Aloakdutt]

nifty 09:30 LTP 5070.05 VWAP 5067

buy above 5076 tgt 1 5091.84 TGT 2 5109.69 TGT 35127.57 TGT4 5145.48 TGT 55163.43 SL 5058.76
Sell above 5058.76 TGT 1 5043.52 TGT 2 5025.77 TGT 3 5008.06 TGT 4 4990.38 TGT 5 4972.73
SL 5076.56

Today brought at 5076.80 and sold at 5102.20 mnifty 25 Points. High Made was 5105.55 and market came down to 5095 and moving in range.

Resistance buy - 5094, 5112.25, 5130.14, 5148.06, 5166.05
Sell Resistance - 5041, 5023.26, 5005.56,4987.89, 4970.25

Then all of a sudden electricity switched off and odin does not work on USB so just watched market until my laptop battery gave 12% remaining. had to switch off . god knows when current will come ... oh as i was writing about electricity it came.

 

[ocil]

nifty 09:30 LTP 5070.05 VWAP 5067

buy above 5076 tgt 1 5091.84 TGT 2 5109.69 TGT 35127.57 TGT4 5145.48 TGT 55163.43 SL 5058.76
Sell above 5058.76 TGT 1 5043.52 TGT 2 5025.77 TGT 3 5008.06 TGT 4 4990.38 TGT 5 4972.73
SL 5076.56

Today brought at 5076.80 and sold at 5102.20 mnifty 25 Points. High Made was 5105.55 and market came down to 5095 and moving in range.

Resistance buy - 5094, 5112.25, 5130.14, 5148.06, 5166.05
Sell Resistance - 5041, 5023.26, 5005.56,4987.89, 4970.25

Then all of a sudden electricity switched off and odin does not work on USB so just watched market until my laptop battery gave 12% remaining. had to switch off . god knows when current will come ... oh as i was writing about electricity it came.

Good going...
Now until nifty complete all 4 target on any side then u can use next 5m candle close price to get the new value.