(Please read the Risk disclosure, Disclaimer, Non-disclosure and conditions of use given below before proceeding any further)
By now you must have witnessed that Gann levels are followed by all markets irrespective of the time frame. Last week also it gave 3 successful trades and one stop loss hit. Gann followeres never worry about stop losses as they are very small and reward is superb . This is the power of RRR( risk reward ratio) trades. Follow the trade setup given below and never bargain with stop loss levels.
TRADE SETUP :
Trades given in blue colours are very powerful bullish trade and in red colours are strong bearish trades. Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit( partial/full) booking levels . Trend following and maximising profit is an ART which is taught to all Gann students at ART OF TRADING.
1) Buy if trades near 10620 keep 20 points trading stop loss below 10620.
2) Go long if trades closer to 10560 and keep stop loss below 10530 on closing basis.
3) Buy if trades closer to 10420 and keep closing stop loss below 10400.
4)Go short if trades near 10760 and keep closing stop loss above 10800.
5) Go short if nifty trades near 10930. Keep 20 points closing stop loss above 10930.
6) Go long if nifty closes above 10800 and keep closing stop loss below 10760.
Once again a superb profit in Bank nifty in both long and short trade. Only one stop loss was hit. Never mind as risk is so small if you compare with the profit amount. Long trade near 26050 was a super successful trade as it gave almost 1000 points profit by settlement day. Just one very important technical obsevation I must share with you. If you see the chart above it will look like as if it went below 26000 but it was a FALSE RATE at the opening bell as it could not sustain below 26000 even for 5 minutes(can verify from intraday chart). So no stop loss was hit and a superb profit was earned. Also the short trade taken near 27000 gave good profit. Enjoy the profit and follow the trade setup given below.
TRADE SETUP :
Trades given in blue colours are very powerful bullish trade and in red colours are strong bearish trades. Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit( partial/full) booking levels .Trend following and maximising profit is an ART which is taught to all Gann students at ART OF TRADING.
1) Buy if trades near 26650 and keep trading stop loss below 26600.
2) Go long if it trades near 26400 . Keep stop loss below 26350 on closing basis.
3) Buy if trades near 26000 and keep closing stop loss below 25950.
4) Buy if trades closer to 25650 and keep closing stop loss below 25600.
5) Go short if trades near 27000 . Closing stop loss above 27050.
6) Go short if trades near 27650 and keep 50 points closing stop loss above this level.
Short trade near 1310 gave good profit last week .No change in Gold levels or strategies.
TRADE SETUP :
Trades given in blue colours are very powerful bullish trade and in red colours are strong bearish trades. Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit( partial/full) booking levels . Trend following and maximising profit is an ART which is taught to all Gann students at ART OF TRADING.
1) Buy if trades near 1280 and keep closing stop loss 10 points below 1280.
2) Buy if trades closer to 1250 and keep closing stop loss below 1230.
3) Go short if it trades near 1310 . Keep 10 points trading stop loss.
4) Go short near 1325 and kee 10 points closing stop loss above 1325.
5) Go short if trades near 1336 and keep 10 points trading stop loss.
6) Go short in the zone of 1365-1380 and keep 10 points closing stop loss above this zone.
IMPORTANT TRADING RULES::
PLAN YOUR TRADE THEN TRADE YOUR PLAN.
ALWAYS TRADE NEAR GANN LEVELS TO MINIMIZE RISK.
NEVER BE RIGID IF SUPPORT & RESISTANCE LEVELS ARE BROKEN.
NEVER TRADE WITHOUT STOP LOSS.
PUT STOP LOSS IN THE SYSTEM NOT IN MIND.
Art Of Trading(AOT)/ RRR PROFIT is an educational organization and its founder Shyamal Ranjan Sinha intends to educate you on techniques and/or analysis and/or hypothetical trading strategies associated with W.D.GANN principle and other forms of market analysis. You have a unique opportunity to learn from the experiences and techniques taught by Shyamal Ranjan Sinha. However, the News Letter/ tutorials do not, and should not be implied to, provide that any level of success or profits shall be attained or realized as a direct result. This is an information service only
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