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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.

 

 

                                                      

COPPER UPDATE:SEP 16TH


IMPORTANT:LAST WEEK PRESSURE DATE 9TH AND 13TH SEP CONTINUE OF SAME TREND.  SEE DAILY CHART BELOW. IF COPPER BREAK ABOVE 461 RESISTANCE ARE -462-463-464.50-466-468.65-470.35--472-474.50-475.80-478.50-484.75. IF COPPER BREAK BELOW 445 SUPPORT ARE 440-438-435.50-432-430.70-428.80-425.50-420-415-411.25-407.20-404-402.40-400.85-399-397-395-393.20-390.50-389. COPPER DAILY CLOSING BASIS SUPPORT 410.10,WEEKLY 428.15 CLOSING BASIS SUPPORT, MONTHLY CLOSING BASIS RESISTANCE 474.50. THIS WEEK PRESSURE DATE 19TH SEP TRADE CAREFUL USING THIS LEVEL.

 

MAJOR TREND PREDICTION 

UPDATE ON AUGUST 27TH.2017
COPPER NOW RESISTANCE 438,IF SUSTAIN OR CLOSE ABOVE NEXT TARGET 450 LEVEL AGAIN SUSTAIN OR CLOSE ABOVE NEXT FINAL TARGET 472 OR 494 LEVEL. IF CORRECTION COMES FROM THIS LEVEL,FROM EITHER OCTOBER 28 TH OR DECEMBER 9TH OR 19TH ,MUST NOT TO BREAK LEVEL 351 ON MONTHLY CLOSING BASIS,THEN MAJOR TREND IS UP AND MUST TO TRADE ABOVE LIFE TIME HIGH AND CLOSE ABOVE 522 ,MAJOR BULL TREND CONTINUE TILL 2020 TH YEAR EITHER JULY MONTH OR SEPTEMBER 15TH COMPLETE THE BULL TREND,TARGET WOULD REACH EITHER 666 OR 1078 LEVEL.AND ALSO ANY YEARLY CLOSING ABOVE 474.40 IS MOST IMPORTANT TO WATCH TREND. WHILE CORRECTION COMES FROM 472 OR 494 RANGE AND CLOSE BELOW 351 ON MONTHLY CLOSING BASIS THEN MAJOR TREND START CORRECTION AND COMPLETE MAJOR TREND TILL 2020 TH YEAR EITHER MARCH OR APRIL MONTH,TARGET RANGE BETWEEN 235 TO 272 LEVEL.(IN UP TREND 572 AND 698 LEVEL RESISTANCE).

 

COPPER MAJOR RESISTANCE AND SUPPORT ARE 467.80 AND 437.70 ON WEEKLY CLOSING BASIS AND MONTHLY CLOSING BASIS ARE 457.45 AND 426.70

WEEKLY PLANETARY DATE'S SEP 16TH

FINANCIAL ASTROLOGY: OVER THE WEEKEND ON SATURDAY, MERCURY  AND  VENUS CHANGE SIGNS AND ENTER LIBRA. ON WEDNESDAY, THE PLANET SATURN ENDS ITS RETROGRADE CYCLE AND TURNS STATIONARY DIRECT. ON THURSDAY, MARS TRINES PLUTO. THIS WEEK'S KEY REVERSAL DAYS OR TURNING POINTS ARE LIKELY TO BE ON MONDAY, WEDNESDAY, AND THURSDAY. THURSDAY IS LIKELY TO BE THE MOST IMPORTANT TURNING POINT,THE DAY AFTER WEDNESDAY'S FOMC ANNOUNCEMENT AND PRESS CONFERENCE. 

    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:  GOLD  PULLED BACK TO TEST THE 1496- 1492 LEVEL OF WEEKLY PLANETARY SUPPORT AT THE LOW LAST WEEK. THIS IS KEY SUPPORT TO BREAK FOR A NEW SELL SIGNAL AND GREATER  CORRECTION TO LOWER PLANETARY LEVELS. KEY PLANETARY RESISTANCE IS NOW AT 1513-1519 TO HOLD FOR THE BIAS TO REMAIN LOWER. 

 

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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