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W.D.Gann

Who is W.D.Gann?

WD Gann is THE LEGEND in trading folklore. WD Gann's body of work was enormous and covered many interesting areas of speculative ventures including the stock market and commodities or futures trading.WD Gann was a legendary US trader who traded in 1910-1956. He invented more than 40 methods. He had left all the traders far beyond any comparison could be done.It is said that WD Gann traveled to Egypt and India and learning from these countries formed the basis of his core methodologies. He successfully predicted many turns in stock markets in advance. He was also known for his strict trading rules.

 

                         

                       HAPPY NEWYEAR 

COPPER UPDATE:APRIL 22ND

 LAST WEEK PRESSURE DATE ON 17TH CONTINUE OF SAME TREND.  THIS WEEK COPPER BREAK ABOVE 847  RESISTANCE ARE -856.70-873.40-897.60-934-1068. IF COPPER BREAK  BELOW 820 SUPPORT ARE -801-798-794-762-756-752.50-738.90-730.45-724.10-722.40-707-699-694-675-669-663-656.50--649-640.60-630.70-626.65-620.60-617.45-613.50-600.60-593-586-578-573-561-557-553. THIS WEEK PRESSURE DATE APRIL 25TH  TRADE CAREFUL USING THIS LEVEL.

 

COPPER MAJOR RESISTANCE AND SUPPORT ARE 859.60 AND 806.90 WEEKLY CLOSING BASIS  AND MONTHLY CLOSING BASIS ARE  791.90 AND    699.20

WEEKLY PLANETARY DATE'S APRIL 22ND

 FINANCIAL ASTROLOGY:  ON THURSDAY, MOON TRINES MARS. THIS WEEK KEY REVERSAL DAYS OR TURNING POINTS ARE LIKELY TO BE ON  THURSDAY.

    GEOMETRIC TRANSLATION OF THE MAJOR PLANETARY ASPECTS:CONJUNCTION =0 DEGREES;SEXTILE =60 DEGREES;SQUARE =90 DEGREES;TRINE=120 DEGREES ;QUINCUNX OR IN CONJUNCT =150 DEGREES ;OPPOSITION =180 DEGREES.

COMMENTARY FOR GOLD TRADING LAST WEEK INSIDE BAR SO, THIS WEEK  KEY PLANETARY RESISTANCE  2432  BREAK ABOVE THIS LEVEL NEXT RESISTANCE ARE -2455-2506.30-2700 THIS WEEK KEY PLANETARY  SUPPORT 2300 BREAK BELOW THIS LEVEL NEXT SUPPORT 2280-2174.75-2166.45--2149.70-2144-2101-2061.50-2052-2030.60-2022.88-2014.89-2005.16-2001-1992-1978-1971.71-1956.41-1945-1929-1911-1896-1857-1820-1790-1778-1753.

 

BEFORE  you trade just ask 4 questions to yourself :

a) what is your entry level?
b) what is your stop loss level?
c)  if market goes against you,can you afford this much loss?
d)  is your profit target minimum 1:3?
If you know answer to all the four then only initiate a trade or else just remember
one famous rule by W D Gann:”WHEN IN DOUBT……..GET OUT”.

 

 

Daily Swing Chart


Why Trading

No Boss, No Employees Work

Your own Hours

Get Started With Low Capital

Limited Loss

Unlimited Rewards

Learn Without Risking A Penny

To Trade Profitably IT MUST be run like a Business

The effort you put in now, will be rewarded later

Take responsibility for your own actions

Plan your trade, trade your plan

Remove emotion

Remember, treat trading as a business

SOME IMPORTANT RULES OF W.D GANN

  • If the high price of the entire week is achieved on Friday, expect higher prices next week.
  • If the low price of the entire week is achieved on Friday, expect much lower price next week.
  • In a highly up trending market weekly low's is achieved on Tuesday.
  • If market is in strong down trend Gif main trend is down), the weekly highs are generally achieved on Wednesday.
  • When the price crosses the high of the last four weeks, it's an advance indication of more higher prices.
  • When the price breached the low of the last four weeks, it's an advance indication of more lower prices.
  • In an up trending market if the prices breaks the 30 DMA remain below it at last for 2 consecutive days, it tells us of a much more great correction (vice versa).
  • If the market rises for 5 consecutive days, there is a high probability that correction will be last for 3 days. (Ratio is 5:3).
  • When the price starts rising from a particular level, Rs. 100 or 100% rise whichever is earlier becomes a strong resistance.
  • When price crosses the high of the last 3 days it tells us about much more higher prices on the 4th day. (Traders can buy it on the 4th day and place a SL order Rs. 3 below the last 3 days high) (vice-versa).
  • 50% of the last highest selling Price is the strong support area. Any stock which is trading below this 50% level is not the useful for investment
  • If a price is rising for 9 consecutive days at a stretch, then there is highly probability for a correction for 5 consecutive days. (Ratio is 9:5)
  • Don't ignore a double bottom & triple bottom signal on a monthly chart after a minimum gap of 6 months. (advance indication for midterm investment)
  • Don't ignore a double top & triple top signal on a monthly chart, after minimum sap of 6 months. (Not the right place for investment /entry, price may fall)
  • When price is in a choppy phase, or in a consolidation phase is sudden volume spike found there, it's an advance indication that trend likely to change.
  • In a quarterly time frame when a particular stock crosses the high or low of the last quarter (in the quarterly chart) it's should be consider as an early indication that the underlying trend trying to reverse

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