Intraday Trading with Gann

[ocil]

hey frnd
hope u dont mind ans

i would like to ask ur trading style in detail

eg
if as per vamp 4900 is a level to buy and tgt 15/20/25/30/35
as NF it crosses 4900+2 as u said
u will enter the trade
than as soon as it crosses 4913(as u said tgt -2) u will exit

now i hv 2 ques on this scenario

1) after reaching the tgt of 4915 market falls back upto say 4895
and again it climbs to 4902 should we enter the trade or hv to wait for one to break the short level and than when again it breaks buy level should we enter the trade

2) after closing the trade say at 4913 how to find next VALUE OR PRICE WHATEVER to put in the gann cal .

thanks
regards
manish

Dear Manish......Here is my rule for trading.....If I buy nifty 5 lot at 4902....after buying i put the SL order as per Gann...Also i put 1 lot sell order at 4915....If T1 hit i move my TSL to 10 point up......IF T2 hit i move my TSL to CTC & if i feel that nifty is not be able to move above t2 level i move my TSL for all 3 lot to T1.....So if TSL hit my trade is over...then i wait for Gann short level for short.....but if nifty alrady traded lower then Gann short level then i wait for next 5M candle close price...& get the new level.....My target is same as per Gann level no change in that....Only buy with +2 point & sell with -2 point no change in target price.....I hope i have Ans your Q....Good trading Day...

 

[ocil]

Buy above 5112 +2 Target is 5127/45/63/81/99 SL 5094
Sell Below 5094 -2 Target 5079/61/43/25/8 SL 5112

 

[rammmeo]

wht is the vamp tht gave this levels i am getting vamp of 5092

 

[balaj78]

Buy above 5112 +2 Target is 5127/45/63/81/99 SL 5094
Sell Below 5094 -2 Target 5079/61/43/25/8 SL 5112

hi , i think u are use high of the day at 9.30am ,so the high is 5104 ,so they levels are
Buy at / above: 5112.25 Targets: 5127.57 - 5145.48 - 5163.43 - 5181.4
Stoploss : 5094.39
Sell at / below: 5094.39 Targets: 5079.1 - 5061.29 - 5043.52 - 5025.77
Stoploss : 5112.25

am i correct .

 

[rammmeo]

@ balaji

i think so u hv got it right
i would also like to know the answer

 

[ocil]

@ balaji

i think so u hv got it right
i would also like to know the answer

Yes i am no more using Vwap...I am using LTP at 9.30 that time price is 5100...LTP is more accurate then VWAP or ATP price..........So my T1 is hit TSL move to 5102...

 

[malunana]

Why LTP of 9.30? Once tgts reached, will u be reentering using fresh LTP?

 

[rammmeo]

Yes i am no more using Vwap...I am using LTP at 9.30 that time price is 5100...LTP is more accurate then VWAP or ATP price..........So my T1 is hit TSL move to 5102...

now if it hits a SL of 5102 than should we square off all our 4 reaming positions

 

[ocil]

Why LTP of 9.30? Once tgts reached, will u be reentering using fresh LTP?

I am using LTP because at 9.30 nifty is trading above VWAP price....So whenever nifty trade above vwap at 9.30 use LTP price....because in case nifty in bull run you will never get the buying level...Same thing apply to bear market....My TSL hit book the -27 point...

 

[ocil]

now if it hits a SL of 5102 than should we square off all our 4 reaming positions

yes always save your money from SL....