gann trading strategy in tamil

If you birth been perusing and practising technical analysis for a while now or you are a dealer, you must have heard or seen the name of W.D. Gann and his theory for trading. Flatbottom your list of indicators will have the describ of WD Gann at least formerly. Well, World Health Organization was Gann? Wherefore is the sought-after out fifty-fifty after 60 years of his death? Let us find out.

William Delbert Gann or WD Gann was Born on June 6, 1878. As a finance trader, he started his trading life history in 1902 when he was 24. He developed numerous technical analysis tools such as the WD Gann Angles, Circle of 360, Squared of 9, Hexagon, and many others. Most of his works are based on uranology, geometry, astrology, and ancient mathematics. Just about of these were thus ruling, that they are used widely aside traders even today. Gann's theory on intraday trading is unrivaled of the most prosperous methods for day traders in real time.

Important Rules of WD Gann

Among the many an indicators and technical tools, WD Gann laid down some basic rules to be followed for trading: –

If the high price of the entire week is achieved on Fri, look higher prices next week.
If the low price of the entire week is achieved happening Friday, expect much lower terms next week.
In a highly uptrending market weekly low is achieved connected Tuesday.
If the securities industry is in a strong downtrend (if the main trend is down), the weekly highs are broadly achieved on Wednesday.
When the price crosses the piping of the last four weeks, it's an overture indication of more high prices.
When the price breached the first gear of the terminal four weeks, it's an advance indication of more lower prices.
In an up trending market, if the prices kick downstairs the 30 DMA danamp; remain below information technology at to the lowest degree for 2 consecutive days, it tells us of a much greater correction (frailty-versa).
If the market rises for 5 consecutive years, there is a high probability that correction will be lasting for 3 days. (Ratio is 5:3).
When the Leontyne Price starts rising from a special grade, Rs.100 or 100% rise whichever is originally becomes a strong resistance.
When price crosses the high of the last 3 days it tells us about much high prices happening the 4 th solar day. dannbsp;(Traders can pip out on the 4 atomic number 90 day and place an SL order Rs. 3 below the end 3 days high) (vice-versa).
If subsequent correction is greater than the previous correction both in terms of price danamp; clock magnitude, this is an cash advance indication that trend is changing.
50% of the go highest selling Price is the strong support area. Whatever stock which is trading on a lower floor this 50% level is not that functional for investment funds.
If a price is rising for 9 consecutive day's at a stretch, then in that respect is a malodorous probability of a correction for 5 consecutive days. (Ratio is 9:5)
Don't brush aside a Double Bottom danamp; Triple Bottom signal on a monthly chart, afterward a minimum gap of 6 months. ( advance reading for mid-term investment)
Don't ignore a Double Cover danadenosine monophosphate; Triplex Top off signal connected a monthly chart, after a tokenish gap of 6 months. dannbsp;(Not the rightfield place for investment funds/entree, the price may fall).
When the price is in a jerky phase, or in a integration phase, if a sudden volume transfix is found there, it's an gain meter reading that drift is likely to change.
In a quarterly time frame, when a fastidious stock crosses the alto or low of the last draw and quarter (in the quarterly graph) it's should be considered as an early indication that the underlying trend is trying to opposite.

Also Read: 15 Gann techniques which every trader should know

Make doomed that you do not violate any of these WD Gann trading rules if you adjudicate to make a trade. These rules aredannbsp;essential and identical important to your successful trading. Whenever you close any trade with loss go over to thesedannbsp;principles and envision which principle you make violated. Do notdannbsp;repeat the same mistake again the minute clock time.

Larn from Market Experts: Intra-Day Trading Strategy that Earns

With experience and investigation, you will be able to find the value of the above-stated WD Gann rules. And watching and study will lead you to correct and practical theory and successful trading in stocks/commodities/currencies.

Though these rules will provide you with the basic guidelines for trading and investing in the Pedigree Markets, you must know that without proper strategies, complete your efforts will constitute futile.

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