WD GANN Trading concept

fibnocci is better than gann method

Markets move because of the uncertainty of prices. If prices were definite and if everyone could predict the exact highs and lows of the market, then stock markets would not exist!

And regarding the square of nine excel sheets and websites - kindly avoid them. Why?

There is a definite relationship in between the prices and the time. This keeps on changing throughout the day. This is what which cause supports to become resistances / vice versa.

The square of nine calculator commonly found in the internet just considers the last traded price or VWAP. So where do we input the time factors?

Think about it. You will realize the underlying sincerity of this post. Trading is a risky business. Only those who spent their own share of time doing their homework will succeed in this venture. If you are looking for shortcuts to success, then thanks for your money! We need newer batches of fools to enter the markets everyday - it provides the liquidity apart from the usual gimmicks of the FIIs.

@santoshdts Murray is an interesting guy. He proclaims it is not necessary to include time while forecasting prices. Time is the only element which we can forecast accurately. Five minutes from now, I can say it will be 07:18 in India. Can you do that with the EURUSD pair? Or any other tradable commodity? Gann believed in equating time and the price - and then to take trading decisions. Perhaps, it is of no wonder that Murray needs 1000$ monthly subscription fee to support himself.

@nsrajput Gann, Murray, Bayer, (insert anyone's name who is in the business of forecasting the market) - all used Fibonacci series to reinvent the wheel. Heck even camarilla equations are biased on the value 27.5 which is the midpoint of 21 and 34 (two adjacent Fibonacci numbers).

thanx, copy paste and saved

Hi,

Dear all,

I jus want to know about Gann one thing. These websites & calculators are giving levels... they all are intraday trading points or levels. But what if I want to have weekly or monthly levels ? Do u have any idea ? If yes then pls share.

Thanks & Regards

Avinash Raste

Gann calculation is ONLY for INTRADAY.

Can you please explain this in details please for Nifty

Instead of spooling hisorical data for SILVER MIC you need to spool the historical data for NIFTY (3days, 5days & 9days)

Days High Low
3 ab a
5 abc ab
9 abcd aba


Assemble to diagram frm raw data in table. Thn assuming 1st check where the market opened on dealing day fill up the following diagram.

abcd H3
abc H2
ab H1
Market Open
L1 a
L2 ab
L3 aba

H stands for High & L stands for Low

hi,

For positional calls the working is as follows:
Raw data by following:
Days High Low
3 55390 53920
5 55390 53920
9 56340 53586
Example: the above is reference DEALING for 18/6/12
Then assemble the diag.
Assuming 1st check where did the market open on dealing day take decision to Sell if below near L1 & Buy if above H1 put STOP LOSS accordingly.
56340 H3
55390 H2
55390 H1
54500 Market opng Eg: if its above close of 18/6/12
L1 53920
L2 53920
L3 53586

the above is the example for SILVER MIC. I trade by this method by 3 working days the target is hit.

Regards....

Shrividhya S
[email protected]