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Once again the trade setup given below worked accurately. One small stop loss was hit and two profitable trades. Weekly tops and bottoms were made exactly near Gann support and resistance levels. Only Gann traders are capable to buy near bottom and short near the top. Follow the trade setup given below and strictly follow the 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 10710 keep 20 points trading stop loss below 10710.
2) Go long if trades closer to 10560 and keep stop loss below 10530 on closing basis.
3) Buy if trades closer to 10440 and keep closing stop loss below 10415.
4)Go short if trades near 10780 and keep closing stop loss above 10800. Low risk traders can keep trading stop loss above 10820.
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. Smart and disciplined traders can buy on cross over of 10820 with same stop loss.
Two stop loses were hit but both short trade (near 27000) and long trade (near 26000) gave handsome profit. Just 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 26500 and keep trading stop loss below 26450.
2) Go short if trades closer to 26760 and keep trading stop loss above 26810.
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 27150 . Closing stop loss above 27200.
6) Go short if trades near 27650 and keep 50 points closing stop loss above this level.
7) Go long if closing is above 27700 and keep closing stop loss below 27600. Low ris traders can buy July 27800 call if the trade is initiated and keep the same stop loss.
Unfortunately it was a very dull week and Gold moved in just 13 points range. So no trade was generated.Gold levels or strategies remain the same.
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.
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