Tag Archives: Gann Square of Nine

Better way to trade with Gann Square of Nine

Dear Friends,

Its long while since I posted here. In last couple of months I have explored various ways to improve trading and trading psychology, there is lot to learn and lot to share with you all, but I’ll discuss about that some other time. Today I need to share with you some simple ways to improve your trading. A better way to trade Gann Square of Nine.

Gann square of Nine has attracted lot of attention, not only because of it was developed by legendary trader W.D. Gann but also because of its simplicity to use and understand and also apply. You all very well know that I have publicly shared Gann Calculator and more than 4000 people have already downloaded the calculator.

With my understanding and exploration, I have figured out few simple rules to be followed which I would like to share with you. This rules will not only help traders to improve their trading performance but will certainly enhance your confidence in trading.

Most of my readers are trading in Nifty, hence I have developed another calculator with some added features, but original calculation will remain the same i.e. pivot levels or entry, target and stop loss levels will remain the same. And there is another calculator which can be used for trading in stocks (except currency). To explain the things in better way I have prepared small note which will be useful to understand and apply Gann levels.

So if you want to know more about it you can click here and help me and help yourself.

Why to Trail, Stop Loss?

In most of my articles I mentioned about trailing stop loss. I am sure experienced traders know this concept very well, and know how to utilize this in best possible manner. But novice traders may get confused many a times that why to trail stop loss, how to trail stop loss any few other points.

Let me begin with, basic understanding of Trailing Stop Loss.

After initiation of trade once stock moves in desired trend, trailing stop loss can be used to avoid the potential loss of profits.  In simpler words, if traders buys the stock and price moves in favor of trade on upside, it is always desirable to progress stop loss order in your favor. For example if Traders Buys Nifty lot near 5850 and Nifty moves to 5880, it is always advisable to progress your stop to your cost price.  Here simple rule applies, once stock achieve 1:1 ratio in favor of your trade, trader should always trail stop to cost price and wait for further directional move.  By this trader is rest assures that now he has nothing to lose from his pocket, and now he is trading at break-even level, in worst case scenario he can trail stop to nearest level of current market price to book profit in 1:1 ratio.  By following this rule, in long term trader not only protect his capital from drain but also builds a wealth and simple discipline will make him confident about taking a trade.

I advise my readers to trail stop loss even when you are following Gann Square of Nine rules, Camarilla Trading method, or any positional trading strategy, it will be always highly useful. (Experienced traders can excuse)

So, if you want to earn with confidence, than try to follow some simple discipline, and you’ll surely see your confidence building up, which is nothing but another Way To Profits…

What you should not do while trading with Gann Square of Nine???

Most of traders know how to use Gann Intraday Calculator, but many of you might not be aware of when not to use such method.  As you very well know that every system has its limitations, so do Gann Square of 9 also has some limitations, but it is generally ignored some times on the name of volatility and sometimes on the name of speculations.

Dear Friends, one thing is sure, if you are trading with Gann Square of 9, than few simple rules will make your life smooth.  I believe that by following this rules your performance can be improved by the margin of 10-20% margin from your current.  Yes, you heard it right, your performance can be improved so your profits.

To improve you performance you can follow some guideline drawn by me.  For getting this guideline you can drop a comment below with your mail id. I will send you copy of this guideline, and don’t worry it is also absolutely free.

For my readers I had developed (click here) Desktop Gann Square of 9 calculator, which is available absolutely free to my readers, as I see many sites are charging fees for Desktop calculator.

We’ll get in touch very soon.

Gann Square of Nine Calculator

Dear Friends,

I had developed Gann Square of nine calculator for your desktop.  Its very simple to use, you just have to enter either last closing price or if you are a day trader than just enter weighted average price of the first half an hour.

Gann Square of 9, Gann Square of nine

Gann Square of 9, Gann Square of nine

Gann square of nine is good tool for intraday trading and consistently used by many traders across the world. The methodology is extremely simple is understood properly. Trader has to note that intraday trading has its nuances, and one has to understand that in better perspective. I would say that it is nothing less than a business and to venture into a business one should know all the nitty-gritty of the business. Here, I had developed a excel calculator based on Gann square of nine method and you just need to enter the price into it and you’ll get output in form of Buy and Sell signal. Let’s clarify one thing that Gann squre of nine is something similar to Pivot method of trading, wherein one does not take into consideration other aspect of the market, it only focuses on the existing price of the market, no matter in which instrument you trade. Coming on to Gann square of Nine is method recommended by legendary W.D. Gann and it is one of the simplest methods to apply, among others.

With my understanding I tried to clarify things developed calculator, which you may use upon downloading. From last four years thousands of traders has downloaded the calculator file and they are using very satisfactorily.  To download the calculator you need to pay just Rs. 250/- in below mentioned account and subsequently inform us on this email id – info@way2profits.com , once I receive the payment confirmation and your email I will send you the excel file and with that you’ll also receive one small note for the calculator wherein I tried to explain what you should not do while using the Gann calculator. I am sure after reading this PDF you’ll be benefited. (To know payment details please click below) 

FAQ’S (Frequently Asked Questions)

  • Gann square of Nine calculator useful in Intraday trading?

Ans :- Yes, absolutely. The whole of idea of Gann square of Nine calculator is to use for intraday trading also.

  • Gann square of Nine calculator useful in positional/delivery trading?

Ans :- Yes, experience trader with fare understanding of the market can use Gann square of Nine for position trading as well, but before that one has to understand and take grip on it.

  • Can we make significant profit by using this calculator?

Ans :- Straight answer is NO. Profit/Loss from any trading strategy totally depends upon individual trader. It is very much possible that with given same strategy one trader can earn handsome profit and another may end up in loss. Key here is to understand things in better perspective and apply accordingly.

  • Is this holy grail of stock market trading?

Ans :- Kindly understand there is No Black Box system in the world which can be called as Holy Grail of stock market trading, so keep your expectations real.

  • What is success rate of calculator?

Ans :- Since Gann square of Nine trading is not totally automatic trading or algo based trading it is difficult to measure the success rate based on this method. But it is highly recommended that before applying this method one should try to do paper trade ahead of taking actual trade.

  • Why to pay for calculator?

Ans :- I have taken lot of efforts to build this calculator and tried to make things simpler. Also with this I tried to explain few things very clearly which will help you to minimize your loss and maximize the profits.  And whether you agree or not there is no free lunch, whether you pay directly from your pocket whether you pay indirectly. And friend, here you pay just meager Rs. 250/- only.

  • Is there any update available in future?

Ans :- No. Its static excel file and there is no requirement for future update.  So don’t expect any update in future as well.

  • Refund policy.

Ans :- Kindly note that, in any case whatsoever maybe, money once receive will not be refunded back, so request you to kindly make sure before making a payment.

Lastly, we don’t take any credit, this methodology is developed by legendary trader W.D. Gann and if you want to learn more about his unique methods than please refer his classic books.

 

Best Trading Strategy

Dear Friend if you are in search of best trading strategy which can earn you 100% returns in any market condition, than your search does not end here.  I am saying this because, you are in search of Holy Grail, and if I say straight forward than the word is myth.  Let me explain you what is Holy Grail – in simple words, for every trade you are certain about outcome, so you are expecting 100% accuracy in all trades you take.  That is why I am saying if you are search of Holy Grail of trading technique than you are fooling around with yourself.

In last couple of days, I received mails regarding;

  • What is the best trading setup, which can assure me best of returns?
  • How to improve my performance and take it toward 100%?
  • Is there any method, where I don’t have to put stop loss?

Above question are my understandings of their questions, which directly, indirectly ask me the same question.  Here, I try to answer above questions, and let me confess, I answer according to my little understanding of Technical Analysis, there can be much more intricacies involved in it, which I may not be able to answer.

Trading setup:-

It is nothing but the prefix methodology to Buy, Sell or Hold the stock.  As a basic principle, trader should know in advance where to enter and where to exit, if you don’t follow this simple rule than for sure you are out of the game very soon, if not today and than for guarantee tomorrow.  Defining this entry and exit is nothing but defining trading setup.  With any method you can pre-define your entry and exit; it all depends on your knowledge, experience & comfort.  There are number tools and methods are available, you can choose according to your understanding.  Let me take you through some most common methods,

  • Based on Moving Averages like Simple, Weighted & Exponential
  • Based on Trendline, Pitchfork line
  • Based on Momentum Oscillators like RSI, Stochastic, MACD, ROC, KST and many others
  • Based on Gann Square of Nine, Gann Angles & Gann price forecasting methodology.
  • Based on Elliot Wave Analysis or Glenn Nelly’s method
  • Based Statistical calculations, which are most commonly known as Algorithmic Trading.
  • Based on Price Behavior like Candlestick Study, Chaos Theory

Above is just broad outline on trading methods, each topic requires elaborate description, which I will try to cover in subsequent articles for sure.  From above, you can take any one method of combination from it, and just back study the outcome.  Whichever method gives you confidence can be Holy Grail for you.

Let me tell you very clearly, there is no method I came across which assure you 100% return in all market scenario and I am sure with this prominent technical analyst will agree with me.  Any method can give you best returns but you have to understand its limitation too.

And to answer last question, as such there is no method in which you don’t have to keep stop loss, but yes there are methods with which you can certainly increase your risk reward ratio.  For detailed explanation about Stop loss, you can read my article  Most Hated but Most Desired part of a Trade: – Stop Loss