I am trying to understand while drawing a gann angles, what is the starting point. If I am drawing on a day candles chart, do i need to take the lowest point or lowest close, etc for a bullish and highest close / highest point for a bearish ?
Dear,Gann analysis coding in beta stage and I am busy in coding of simple time forecasting indicator.In recent future i will post coding for intraday gann trading.Till then keep tune to http://niftyintune.blogspot.in/ ,comment and stay connected.
Thanks for your prompt reply.I am a retired person and looking for trading opportunity in nifty trading exclusively.I am an intraday trader.I put the price of 9.30 closing price and level I get has a good success although opening price has also good success.My target and sl are of 20 points only which Gann provides.Some peoples take the closing price of yesterday but this baffles me when gap up/gap down opening next day.Pl guide what is the best way to trade Gann as it seems that u are having a good experience,
I am a student of this number games and Game of Probability.I was following the same strategy in my early stage in 2011-2012 and stopped thinking for 2 years and recently i have coded nearly 20-30 number of Gann indicators.But i am not using all. All right i want to guide you to some extent,Please tell me your no of trade per day and your money management strategy.
I trade maximum 2-3 trades of one lot each time.sometimes profit some times loss.Overall in loss up till now because i was taking too many trades.
Now I want a good probability trade.Did many back testing,Bar replay in amibroker which has guided me to keep myself away from unnecessary trades.I have capital of 2 lots.