How to execute trade based on this system.
To trade using this system in intraday you need to take the LTP of index or stock after 9:05 am in morning.
Ideally you should take the Weighted Average Price of any stock or scrip between 9:05 am - 9:15 am.
However, after 9:30 am, you should only take LTP of stock or index.
Idea is in early few minutes there is lot of volatility in market, so to decide fair price we should take Weighted Average.
Many times it is not possible for many to start trading from 9:00 am. In that case, those who start trading after 9:30 am, can take LTP.
Now lets say you get the price as 5152.
You enter the price in
Gann Calculator
You will get the square that looks like below
5152 falls between 5166 and 5148.
So we should buy above 5166 and sell below 5148.
Targets are next levels in the calculator.
Hope this is clear.
Now lets say 1st target is achieved.(5181)
Then we we watch whether price is able to sustain above 5181 for more than 5 min.
If it sustains, we continue our long position. If not, we square off.