Then pick a significant high, draw Gann fan angles and wait for the 1/1 line to break upward.
The best timeframe working here is of 1 day.
Wait for a break above the 2/1 Gann angle before buying at the market.
Apply again the Gann Fan Indicator on the Swing low Prior to the Breakout above 2/1 Gann Fan Angle.
Place your protective stop loss below the most recent swing low, which should align with the point from which you form the second set of Gann fan angles.
Take Profit Once we break below the 1/1 line and close. We need to close below the 1/1 line by at least 20 points to be considered a valid breakout.
Use Trailing Stop Loss to capture the maximum trend for profit booking.
I make such threads every week. Follow for regular updates.
Telling my 8 years of experience in 5 min. A thread on how to find out high and lows of stock market.
We have seen two types of solar dates; Static(Stable) and dynamic solar dates. As per gann, the year is supposed to begin with 21st March, not 1st January.
In the calculation of seasonal time periods, we do not start calculating time from Jan 1 but calculate the time periods from the date when the Spring season starts on March 21st.
My 8 years of experience in 5 min.
A thread on vwap trading strategy .
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VWAP stands for Volume Weighted Average Price. VWAP is used by institutional traders to identify good entry and exit points. Conversely, when a professional trader has to get rid of a large position, they try to sell at the VWAP or higher.
- If VWAP is rising then it shows buyers in control.
- If VWAP is falling it shows sellers in control.
- If VWAP is flat then it indicates no one is controlling the market, the price is in a trading range.
My 8 years of experience in 5 min.
A thread on how to trade the gap up or gap down opening .
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There are three factors to monitor to determine whether the gap is real or trapped. The three factors are volume, opening price, and pullback.
1⃣ Gap and Go Trading Strategy :-
- Price gap above the previous day's high.
- Wait for the completion of the first candle.
- Volume should be high and should be helpful in the direction of gap.
- Mark opening range.
- Entry on breakout of day's high
value must be above vwap.
My 8 years of experience in 5 min.
A thread on Gap trading.
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Gap creates emptiness on the price chart. Price gaps are simply areas on the chart where no trading has taken place.
The gap is the biggest imbalance between demand and supply. The gap widened due to the aggressiveness by the buyers, I mean there are more buy orders in open than the supply available at the closing price of the first day.