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Swing Trading: Swing Trading is the base and the mother of this
calculator. In my words the definition of Swing Trading is “trade in the
direction of the price movement”. Price movement of a stock as
explained by Gann and Elliot follows the harmonic motion. One step
forward I will say that it follows the random Brownian motion. Who
determine this motion? The traders or the investors determine. The
behaviour of a trader or investor is again driven by the fear and
confidence. I will not use the word greed in this context. As a swing
trader you need to find out the price points which generate fear or
confidence. These are the points I can name as swing turning points or
resistance and support points. Though this is a complex job but now a
day it is getting simplified by the use of s/w tools. Gann’s calculator
does the job of calculating these swing turning points which I have
named as the resistances, supports, buy entry, sell entry points.
Cómo usarlo? Horas toma más allá de una oscilación alta y baja como
entrada calculará las resistencias, soportes y resistencia clave y
niveles de soporte claves. Los compra venta entrada precios de
entrada y calculados por el calculador de Gann no son sino los puntos
de resistencia y el apoyo de 2 Swing. En menos volátil día usted puede
encontrar la congestión. Congestión no es más que la entrada de la
compra y vende precios de entrada se colocará muy cerca de uno a
decir con Rs2 a diferencia de Rs 3. Mismo también puede encontrar en
los soportes y resistencias. En este caso cambio el columpio alto y bajo
apunta a una más amplia o hacer la entrada de comprar o vender
entrada por encima o por debajo de la meta 1 punto o comercio entre
los medios de banda entre cualquier dos resistencias, soportes y
puntos de parada de pérdida. Hacer una práctica para cambiar el
swing altos y puntos bajos y otra vez en cada una hora. Si su posición
se ejecuta en beneficio entonces utilizan la técnica de stoploss que se
arrastra para maximizar beneficio.
You can follow any one way for identifying the swing high and low.
1. High and low price in a particular time frame. The minimum time
you must take for the observation is one hour.
2. Take the previous days last hour high and low for next days 1st
hour trade provided global sentiments must be neutral during the non
trading hours of our market.
3. If the current price action of the script is trending then take the low
or high follows the trend high or low.
4. If you encounter congestion then take the high and low in greater
time interval.
Now see some examples which I feel will thrill you. I will also explain
how you will enter a trade.
Example 1: consider the Nifty spot one hour data from 10 to 11 a.m
on 12th august 2008.Its high was 4634 and low was 4598.
Using this data in the intraday calculator I found that my key supports
are 4600-4566-4498 and resistances are 4631-4666-4735. You can
use this data in the calculator and test its accuracy.
In this example I have used the past one hour high and low points for
my observation and calculated all the resistance and support values for
the next hour. It is not guaranteed that I will achieve my target or
stop loss in the next one hour. It is just a mathematical assumption
based on my observation. I will suggest all of you to treat this
calculator as an alternative software tool as you treat all other
indicators and tools.
Observe the second part of the calculator which flags the important
support and resistance points. my entry points also coincide with the
1st level of resistance and support.
As you can observe from the chart at 12:35 p.m after drifting to the
level of 2362 the stock has a minor bounce back to 2366 and the
greater downward action started once it has broken the level of 2349.
My target level of short entry was 2342-2326-2277. You can say it as
a coincident or a mathematical wonder.
1. At 1:30 p.m. stock touched 2341 and bounced back to 2349 level.
#1: At 10:20 p.m. taking the nifty future high as 4302 and low as
4279 on the Gann calculator . We have identified the swing turning
points as follows. Buy above 4301 for target 4312-4323-4345, stop
loss 4279-4246 and sell below 4280 stop loss 4335 and target 4269-
4258-4237. At 10:20 Nifty future was trading at 4283
Using the current price and past time squaring action the targets and
stop loss was expected to trigger before 2 p.m. . In fact once the
swing turning point of sell entry was triggered the 1st target 4269 was
achieved within 15 minutes and then it followed the 2nd target and
made intraday low of 4256.65 till 2.30
#2: at 11.05 taking RIL future high as 4156.4 and low as 4120 on the
Gann calculator . We have identified the swing turning points as
follows. Buy above 2135 stop loss 2120-2097 and target 2143-2151-
2166 and sell below 2141 stop loss 2156-2180 target 2133-2126-
2110-2065. Though the stock was quoting at 2125 at that time but I
will not make a short entry because my 2nd target for the short entry
is almost achieved. Around 11:30 we got the swing buy price trigger
on the chart 2135. As per the current price and past time squaring
action the 1st target for the buy entry must come within one hour and
30 minutes from the buy entry trigger time. At 12:08 I achieved my
1st target 2143 and retraced back from 2147 level and touched the
short entry trigger price below 2140 at 12:20. And achieved the 1st
target around 1 p.m. . . .
Any one can master the gann’s price squaring action just with simple
practice and little bit of analytical knowledge and by using the FREE
calculator available in my web site www.smartfinance.in
on 2009 i have felt the need to modify this calculator and used the
single price point for decession process. This chnage has produced
very good result for intraday trade decission. please read the manual
associted with it in the Intraday Gann calculator page to know more
about the use.
Regards
You must ask me why 15 degree and its multiples? Considering one
full day as 24 hours and one cycle as 360 degree I found each one
hour in a day is 15 degree. My second argument is elementary
mathematics says that 1 degree as 4 minutes hence one hour is 15
degree .
You must ask me why should I belief on the last hours swing high and
low for forecasting the future price? In many statistical tools like
MACD, Bollinger band or finding the chart patterns you are using much
older data points. Even in intraday chart also if you are using these
tools then without your knowledge you are using many past data
points. Hence it is nothing wrong in using only two dynamic swings
high and low data point in this calculator.
How to use it? Take past one hours swing high and low as input it will
calculate the resistances, supports and key resistance and key support
levels. The buy entry and sell entry prices calculated by the Gann
Calculator are nothing but the Swing 2 resistance and support points.
In less volatile day you may encounter the congestion. Congestion is
nothing but the buy entry and sells entry prices will be placed very
near to each other say with Rs2 to Rs 3 difference. Same also you can
encounter in the resistances and supports. In this case change your
swing high and low points to a wider one or make the buy entry or sell
entry above or below the 1st target point or trade between the band
means between any two resistances, supports, and stop loss points.
Make a practice to change the swing high and low points time and
again in every one hour. If your position runs in profit then use the
trailing stoploss technique to maximise profit.
High and low price in a particular time frame. The minimum time you
must take for the observation is one hour.
Take the previous days last hour high and low for next days 1st hour
trade provided global sentiments must be neutral during the non
trading hours of our market.
If the current price action of the script is trending then take the low or
high follows the trend high or low.
If you encounter congestion then take the high and low in greater time
interval.
http://anonym.to/?http://www.articlesbase.com/day-trading-
articles/gann-calculator-explained-524201.html#ixzz11Hv2Ecd7
The numbers that represent 1/8 of a turn (45 degrees) are 3,13,31.....
The numbers that represent a half turn (180 degrees) are 6,19,40.....
The start value is the value where you click the mouse on the chart,
you can change the step value in the parameter window as shown on
the Gann SQ9 Parameters picture to the left. You can also select the
angles where the price lines and time lines will be plotted, the direction
of the plot, and the color and thickness of the lines. Another way to
find a value from a point is to first find the factor for the movement, a
complete turn for a factor is 2, 7/8 of a turn or 315 degrees the factor
is 1.75, 3/4 of a turn or 270 degrees the factor if 1.5, 225 degrees the
factor is 1.25, 180 degrees the factor is 1...., for 45 degrees the factor
is 0.25.
For example, choose a start number (for example 40), take its square
root (in this case 6.3245), add the factor to go forward or subtract the
factor to go backwards. If you want to go forward 225 degrees from
40 we need to add 1.25 to 6.3245 which gives you 7.5745 and then
re-square (7.5745^2 = 57.37). 57 is the number 225 degrees forward
from the number 40.
I FOUND THIS BOOK VERY USEFUL
In referring to square of nine gann also used the names 'odd square'
and 'master price and time calculator'.
As all of you would have noticed there were two sets of numbers on
one of the figures above.
one set is on the circle inside the square but generally you will found it
around the outside of the square, the second set of numbers is the
spiral numbers on the face of the square of nine
There are two ways to determine the support and resistance levels of a
market .
the use of these overlays i will be discussing later but first you should
help me find where is 0,90,180, 360degree .
OKAY let me give you a Big Hint - the cardinal and ordinal cross
divides the square of nine into 8 parts .
Gann used to place the 0 degree mark at the center right and than
move counter-clockwise with 45 degree increments although numbers
on the face of square are clockwise . so now we will place 0 degree at
center right [ see pic above where no. 334, 411 are there ] and
opposite to 0 degree we will have 180 degree no. 371 see above pic
and between them we have 90 degree see no. 886 and opposite to it
we have 270 degree .
because each rotation on the square of nine has 8 more numbers than
the previous rotation . the first rotation runs from 2-9 and has 8 cells .
the 2nd rotation runs from 10-25 and it has 16{8+8} cells , 8 more
than the previous and the third rotation has 24 cells and so on.
illustration
ESPAÑOL :
Cómo usarlo? Horas toma más allá de una oscilación alta y baja como
entrada calculará las resistencias, soportes y resistencia clave y
niveles de soporte claves. Los compra venta entrada precios de
entrada y calculados por el calculador de Gann no son sino los puntos
de resistencia y el apoyo de 2 Swing. En menos volátil día usted puede
encontrar la congestión. Congestión no es más que la entrada de la
compra y vende precios de entrada se colocará muy cerca de uno a
decir con Rs2 a diferencia de Rs 3. Mismo también puede encontrar en
los soportes y resistencias. En este caso cambio el columpio alto y bajo
apunta a una más amplia o hacer la entrada de comprar o vender
entrada por encima o por debajo de la meta 1 punto o comercio entre
los medios de banda entre cualquier dos resistencias, soportes y
puntos de parada de pérdida. Hacer una práctica para cambiar el
swing altos y puntos bajos y otra vez en cada una hora. Si su posición
se ejecuta en beneficio entonces utilizan la técnica de stoploss que se
arrastra para maximizar beneficio.
Swing Trading: Swing Trading is the base and the mother of this
calculator. In my words the definition of Swing Trading is “trade in the
direction of the price movement”. Price movement of a stock as
explained by Gann and Elliot follows the harmonic motion. One step
forward I will say that it follows the random Brownian motion. Who
determine this motion? The traders or the investors determine. The
behaviour of a trader or investor is again driven by the fear and
confidence. I will not use the word greed in this context. As a swing
trader you need to find out the price points which generate fear or
confidence. These are the points I can name as swing turning
points or resistance and support points . Though this is a complex
job but now a day it is getting simplified by the use of s/w tools.
Gann’s calculator does the job of calculating these swing turning points
which I have named as the resistances, supports, buy entry, sell entry
points.
You must ask me why should I belief on the last hours swing
high and low for forecasting the future price? In many statistical
tools like MACD, Bollinger band or finding the chart patterns you are
using much older data points. Even in intraday chart also if you are
using these tools then without your knowledge you are using many
past data points. Hence it is nothing wrong in using only two dynamic
swings high and low data point in this calculator.
How to use it? Take past one hours swing high and low as input it
will calculate the resistances, supports and key resistance and key
support levels. The buy entry and sell entry prices calculated by the
Gann Calculator are nothing but the Swing 2 resistance and support
points. In less volatile day you may encounter the congestion.
Congestion is nothing but the buy entry and sells entry prices will be
placed very near to each other say with Rs2 to Rs 3 difference. Same
also you can encounter in the resistances and supports. In this case
change your swing high and low points to a wider one or make the buy
entry or sell entry above or below the 1st target point or trade
between the band means between any two resistances, supports, and
stop loss points. Make a practice to change the swing high and low
points time and again in every one hour. If your position runs in profit
then use the trailing stoploss technique to maximise profit.
This calculator is working and I have hundreds and thousand of proof
for that. If you feel that why I am sharing this wonderful tool with you
then I have the simple answer that knowledge is God gifted and I want
to share with you. It is upto you to accept it or not. Critics will never
stop me sharing the knowledge with any one. I will advise if any one is
getting pained my by act of sharing then better stop thinking about
this calculator.
3. If the current price action of the script is trending then take the
low or high follows the trend high or low.
Now see some examples which I feel will thrill you. I will also explain
how you will enter a trade.
Example 1: consider the Nifty spot one hour data
from 10 to 11 a.m on 12th august 2008.Its high was 4634 and
low was 4598.
Using this data in the intraday calculator I found that my key supports
are 4600-4566-4498 and resistances are 4631-4666-4735. You can
use this data in the calculator and test its accuracy.
From trading point of view if I miss the chance to enter the short
trade at 4611 then better in this junction I will wait or change my data
points. Second observation is the bounce from the low 4565 failed to
cross the 1st support 4600. So now the support turns into resistance
as per basic technical analysis concept for next half an hour. In this
junction also I can go short with my initial stoploss as 4611 and
second stoploss as 4631 and target as 4565. See in the next half an
hour nifty created new low of 4557 at 11:52 a.m.
In this example I have used the past one hour high and low points for
my observation and calculated all the resistance and support values for
the next hour. It is not guaranteed that I will achieve my target or
stop loss in the next one hour. It is just a mathematical assumption
based on my observation. I will suggest all of you to treat this
calculator as an alternative software tool as you treat all other
indicators and tools.
Example 2: consider reliance industry high and low in a time
period from 10 a.m. to 12 p.m. on 13th august 2008. It was a
trending day for reliance because it was creating higher high
and higher low. My Swing high and swing low for this two hour
period is 2353 and 2315 respectively.
Using these two values on the gann calculator I got the following
values:
As you can observe from the chart at 12:35 p.m after drifting to the
level of 2362 the stock has a minor bounce back to 2366 and the
greater downward action started once it has broken the level of 2349.
My target level of short entry was 2342-2326-2277. You can say it as
a coincident or a mathematical wonder.
#1: At 10:20 p.m. taking the nifty future high as 4302 and low as
4279 on the Gann calculator . We have identified the swing turning
points as follows. Buy above 4301 for target 4312-4323-4345, stop
loss 4279-4246 and sell below 4280 stop loss 4335 and target 4269-
4258-4237. At 10:20 Nifty future was trading at 4283
Using the current price and past time squaring action the targets
and stop loss was expected to trigger before 2 p.m. . In fact once the
swing turning point of sell entry was triggered the 1st target 4269 was
achieved within 15 minutes and then it followed the 2nd target and
made intraday low of 4256.65 till 2.30
#2: at 11.05 taking RIL future high as 4156.4 and low as 4120 on the
Gann calculator . We have identified the swing turning points as
follows. Buy above 2135 stop loss 2120-2097 and target 2143-2151-
2166 and sell below 2141 stop loss 2156-2180 target 2133-2126-
2110-2065. Though the stock was quoting at 2125 at that time but I
will not make a short entry because my 2nd target for the short entry
is almost achieved. Around 11:30 we got the swing buy price trigger
on the chart 2135. As per the current price and past time squaring
action the 1st target for the buy entry must come within one hour and
30 minutes from the buy entry trigger time. At 12:08 I achieved my
1st target 2143 and retraced back from 2147 level and touched the
short entry trigger price below 2140 at 12:20. And achieved the 1st
target around 1 p.m. . . .
Any one can master the gann’s price squaring action just with simple
practice and little bit of analytical knowledge and by using the FREE
calculator available in my web site www.smartfinance.in
on 2009 i have felt the need to modify this calculator and used the
single price point for decession process. This chnage has produced
very good result for intraday trade decission. please read the manual
associted with it in the Intraday Gann calculator page to know more
about the use.
Regards
Soumya Ranjan Panda
You must ask me why 15 degree and its multiples? Considering one
full day as 24 hours and one cycle as 360 degree I found each one
hour in a day is 15 degree. My second argument is elementary
mathematics says that 1 degree as 4 minutes hence one hour is 15
degree .
You must ask me why should I belief on the last hours swing high and
low for forecasting the future price? In many statistical tools like
MACD, Bollinger band or finding the chart patterns you are using much
older data points. Even in intraday chart also if you are using these
tools then without your knowledge you are using many past data
points. Hence it is nothing wrong in using only two dynamic swings
high and low data point in this calculator.
How to use it? Take past one hours swing high and low as input it will
calculate the resistances, supports and key resistance and key support
levels. The buy entry and sell entry prices calculated by the Gann
Calculator are nothing but the Swing 2 resistance and support points.
In less volatile day you may encounter the congestion. Congestion is
nothing but the buy entry and sells entry prices will be placed very
near to each other say with Rs2 to Rs 3 difference. Same also you can
encounter in the resistances and supports. In this case change your
swing high and low points to a wider one or make the buy entry or sell
entry above or below the 1st target point or trade between the band
means between any two resistances, supports, and stop loss points.
Make a practice to change the swing high and low points time and
again in every one hour. If your position runs in profit then use the
trailing stoploss technique to maximise profit.
You can follow any one way for identifying the swing high and low.
High and low price in a particular time frame. The minimum time you
must take for the observation is one hour.
Take the previous days last hour high and low for next days 1st hour
trade provided global sentiments must be neutral during the non
trading hours of our market.
If the current price action of the script is trending then take the low or
high follows the trend high or low.
If you encounter congestion then take the high and low in greater time
interval.
For example, choose a start number (for example 40), take its square
root (in this case 6.3245), add the factor to go forward or subtract the
factor to go backwards. If you want to go forward 225 degrees from
40 we need to add 1.25 to 6.3245 which gives you 7.5745 and then
re-square (7.5745^2 = 57.37). 57 is the number 225 degrees forward
from the number 40.
In referring to square of nine gann also used the names 'odd square'
and 'master price and time calculator'.
As all of you would have noticed there were two sets of numbers on
one of the figures above.
one set is on the circle inside the square but generally you will found it
around the outside of the square, the second set of numbers is the
spiral numbers on the face of the square of nine
There are two ways to determine the support and resistance levels of a
market .
the use of these overlays i will be discussing later but first you should
help me find where is 0,90,180, 360degree .
OKAY let me give you a Big Hint - the cardinal and ordinal cross
divides the square of nine into 8 parts .
Gann used to place the 0 degree mark at the center right and than
move counter-clockwise with 45 degree increments although numbers
on the face of square are clockwise . so now we will place 0 degree at
center right [ see pic above where no. 334, 411 are there ] and
opposite to 0 degree we will have 180 degree no. 371 see above pic
and between them we have 90 degree see no. 886 and opposite to it
we have 270 degree .
illustration
1- i take odd square 25 & 361
2- square root of step one are 5 & 19
3- after dividing by 2 we have 2.5 & 9.5
4- after subtracting .5 we have 2 & 9
5- multiplying step 4 with 8 we have 16 & 72 {thats your answer}
so we have 16 cells in rotation ending with no. 25 and 72 cells in
rotation ending with no. 361
ESPAÑOL :
Cómo usarlo? Horas toma más allá de una oscilación alta y baja como
entrada calculará las resistencias, soportes y resistencia clave y
niveles de soporte claves. Los compra venta entrada precios de
entrada y calculados por el calculador de Gann no son sino los puntos
de resistencia y el apoyo de 2 Swing. En menos volátil día usted puede
encontrar la congestión. Congestión no es más que la entrada de la
compra y vende precios de entrada se colocará muy cerca de uno a
decir con Rs2 a diferencia de Rs 3. Mismo también puede encontrar en
los soportes y resistencias. En este caso cambio el columpio alto y bajo
apunta a una más amplia o hacer la entrada de comprar o vender
entrada por encima o por debajo de la meta 1 punto o comercio entre
los medios de banda entre cualquier dos resistencias, soportes y
puntos de parada de pérdida. Hacer una práctica para cambiar el
swing altos y puntos bajos y otra vez en cada una hora. Si su posición
se ejecuta en beneficio entonces utilizan la técnica de stoploss que se
arrastra para maximizar beneficio.