WEEKLY NEWS LETTER BASED ON W D GANN RULES

(Please read the Risk disclosure, Disclaimer, Non-disclosure and conditions of use given below before proceeding any further)

20 - 24 AUG 2018

EUR/USD: 

  Short term traders should follow sell on rally strategy for the time being. Gann resistance levels are 1.1530 and 1.1630.

Major support levels have been broken convincingly and  the weakness in major trend to continue.Next major Gann support is near 1.1075. Follow the levels given below and create your own trading plan. These levels are only for positional trading and are very important on closing basis.

Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL  can subscribe for it. To subscribe visit the following page  https://www.artoftrading.co.in/newsletters

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::   1.1300/ 1.1240/1.1120/1.1075

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1.1530/ 1.1630/1.1790/1.1860 / 

DOW JONES INDUST:

Last week I clearly wrote that  short term trend is bullish and  the strength of the present uptrend will remain intact till it does not close below 25000.Look at the chart above . Those who have acted accordingly by going long near 25000 support must have made more than 700 points profit by now. Follow the levels given below and create your own trading plan. These levels are very important on closing basis.

Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL  can subscribe for it. To subscribe visit the following page  https://www.artoftrading.co.in/newsletters

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  25100-24850-24550-24000-23500-23350

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 25800-26620

DAX: 

 Short term trend has again become weak as it  closed below 12370 . Now the last hope for the bulls is 12100. any closing below this may trigger bid sell off. So a contra trade near 12100 is  worth the risk as stop loss is very small.Follow the levels given below and create your own trading plan. These levels are very important on closing basis.

Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL  can subscribe for it. To subscribe visit the following page  https://www.artoftrading.co.in/newsletters 

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE  12100-11725

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 12470-12740-12890-13000

NYMEX CRUDE: 

  Gann support near 66.6 was broken convincingly last week and so we witnessed a good sell off below this levels. Trend is now sideways , so both long and short trades can be taken as per the Gann levels. Next major support exists in the zone of 63.5 to 63.8.Follow the levels given below and create your own trading plan. These levels are very important on closing basis.

Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL  can subscribe for it. To subscribe visit the following page  https://www.artoftrading.co.in/newsletters

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  64.2-63.5-61.5-58.66

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 66.8-68.05-70.3--71

GOLD LONDON: 

 

 For the last several weeks we have clearly indicated that Major trend in Gold is  down. So be careful and follow stop loss strictly in all long trades. It broke major support levels and made a low around 1160. No change in view. Sell on rallies is the best strategy for now. Any closing below 1115 will indicate extreme weakness. Follow the Gann levels given below and create your own trading plan.

Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL  can subscribe for it. To subscribe visit the following page  https://www.artoftrading.co.in/newsletters

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  1153-1120-1045

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1190-1228-1245-1266

 

 

• 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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  Risk disclosure, Disclaimer, Non-disclosure and conditions of use
   
  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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