Intraday Trading Using Gann Calculator

Hi,

If we are taking WAP of first 15 mins, do we have to see candle of first 15 mins/ 5 mins or of previous day??? what if we are initiating trade at 12pm which candle to consider at that time?

Regards
 
Dear arunlnakti,

candlestick patterns are like, bullish engulfing, bearish engulping, morning star, evening star patterns. these are important patterns which i have been using. with this patterns, you can easily identify support and resistance lvls. after identifying these lvls, u can club this lvls, with gann calculator generated lvls. will give more accurate results.

Happy trading
Hi,

If we are taking WAP of first 15 mins, do we have to see candle of first 15 mins/ 5 mins or of previous day??? what if we are initiating trade at 12pm which candle to consider at that time?

Regards
 
.

As per this we should buy above 2613 and short below 2601.

If you look, the price didnt went below 2601 after 9:15 am.

But price went above 2613. So we enetered in long at 2613.

Our Target 1 2625 got achieved soon.
The price was not able to sustain above 2625 for more than 5 min.
Infact the HDFC touched 2625 and started moving in rang 2618-2623. So there is possiblity for HDFC to move in downward direction.
So we square off at CMP ( 2620 )(approx price).
We ended up in profit of 2620 - 2613 = 7rs.

Now we take 2620 as our reference price. and put it in Gann Calculator.
We get the below recommendations

Recommendation:
Buy at / above: 2626.56 Targets: 2638.07 - 2650.92 - 2663.8 - 2676.72

Sell at / below: 2613.76 Targets: 2602.3 - 2589.55 - 2576.85 - 2564.17


So we buy only if price moves above 2627.

After 1-2 hrs, HDFC started moving up and it confirmed its uptrend by crossing the price 2627.

So we eneterd long again at 2627.

Our target 2638 just got touched and again price started falling indicating pressure at 2638.

So try to square off at price near to 2638.

And if look at the intraday graph of HDFC we see the HDFC was seeing resistance at 2625 and then at 2638. (see the image below)

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hi i am very new to trading and out of interest when i came across this i read through the gann calculator explanation and it was helpful but i would like to know one thing and it might sound lame but why do you say you buy when the price is high and sell when the price is low isnt it vice versa should we not be buying when the price is low and selling when price is high ??
 

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