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on 13 Oct 2018 12:43

AOT WEEKLY NEWS LETTER BASED ON GANN SYSTEM

(Please read the Risk disclosure, Disclaimer, Non-disclosure and conditions of use given below before proceeding any further)

 

 

15-19 OCT 2018

 

IMPORTANT ANNOUNCEMENT:


AOT APP (Gann square of 9 calculator) is available now  both at google play store & IOS App store. This App is only for Intra day traders , who trades  in FOREX(major currency pairs) / International Majors(Dow-Gold-Crude-Bitcoin etc)/ NSE (India)/ MCX (india). FREE TRIAL for 30 days. Try it to see the accuracy of Gann levels. To download go to the link below--

AOT APP: iOS application

AOT APP: Android application


Please Note:

Some times markets have exceptional  and unanticipated movements which are not covered in the trade setups given below. In such case note down the support/resistance levels given in red color. These levels are role reversal levels (support becomes resistance and vice versa). It means you can go both long and short near these levels depending upon which side markets are trading and closing. Keep stop loss just above or below these levels on closing basis with some error margin allowed(error margin almost 10 points for nifty and 25 points for bank nifty) . Closing stop loss is only for high risk traders. Smart and low risk  traders can act on breach of levels with error margin.


NIFTY SPOT :


Since vix is at the highest level  so  for now  avoid stop loss on closing basis as big intraday movement is happening everyday. Let the market stabilize first then use stop loss on closing basis. As a general rule Low risk traders should never use closing basis stop loss.They should rather act every time these important levels are crossed by error margin(read the instructions given above).Last week we clearly wrote that  10100 is very important on CLOSING BASIS for deciding the future of bull market. Convincing close below this level for 2 days or weekly closing will close all doors for bulls in the near future.However technical bounce is overdue and all short trades at lowest levels must be avoided. Shorts should be take only on a substantial bounce or near Gann levels.Those who followed the trade setup and went long near 10150 must have made good profit last week. Follow the trade setup as given below.

TRADE SETUP :

* ALL THE TRADE SETUPS GIVEN BELOW ARE VALID FOR THE WEEK ONLY.

Trades given in blue colours are very powerful bullish trade and in red colours are strong bearish trades. Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit(partial/full) booking levels . Trend following and maximising profit is an ART  which is taught to all Gann students at  ART OF  TRADING.

1)Go long near 10100 to 10160 zone  and keep closing stop loss below 10080.

2)Go long if trades near the zone of 9950-80 and keep closing stop loss below 9940. Red level zone.

3) Go short near the zone of 10500 and keep trading  stop loss of 50 points above this. 

4) Go short if trades near 10680 and keep 30 points trading stop loss above this. 

5)Go short if trades near  the zone of 10755 -10850 and keep 30 points closing stop loss. 

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  10370-10115-9967-9570-9290-9180

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 10490-10680-10780-10850-11050-11180


BANK NIFTY SPOT: 


 

Last week i mentioned it very clearly that Bank nifty is showing some good strength  as compared to nifty.  So no new low was formed here and last week's low remained unbroken.Follow the trade setups given below and additionally monitor the role reversal levels.

TRADE SETUP :

* ALL THE TRADE SETUPS GIVEN BELOW ARE VALID FOR THE WEEK ONLY.

Trades given in blue colours are very powerful bullish trade and in red colours are strong bearish trades. Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit( partial/full) booking levels .Trend following and maximizing profit is an ART  which is taught to all Gann students at  ART OF  TRADING.1

1)Buy if trades near  24500  and keep 50 points closing stop loss.

2) Buy if trades near the zone of 24250-24300 and keep 50 points closing stop loss below 24250.

3)Go short if trades near the zone 25630-660 and keep 50 points closing stop loss above 25660.

4)Go short if trades near 26320 and keep 50 points closing stop loss.

 

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE   24490-24250--24000-23600-23400-23000

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::25650-26000-26320-26550-26750-27050


 

GOLD LONDON: 


  Gold finally broke out of the zone and stopped exactly near next Gann level. Near 1185 it gave several opportunities to go long and has given superb profit last week. Short trade near 1230-35 has also given profit. This is a perfect demonstration of power and accuracy of Gann levels.Follow the trade setup as given below.


TRADE SETUP :

* ALL THE TRADE SETUPS GIVEN BELOW ARE VALID FOR THE WEEK ONLY.

Trades given in blue colours are very powerful bullish trade and in red colours are strong bearish trades. Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit( partial/full) booking levels . Trend following and maximizing profit is an ART which is taught to all Gann students at  ART OF  TRADING.

1) Go short if trades near 1230-35 zone and  keep trading stop loss above 1245.

2) Go short if it trades near 1260.  Keep 10 points closing stop loss above this level.

3)  Go long near 1185 keep 10 points trading stop loss.

4) Go long near 1155 and keep 10 points closing stop loss

5)Go long near 1125 and keep 15 points closing stop loss.


MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 1210- 1180-1153-1120-1045

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1228-1236-1265-1310

 

 

 

  • IMPORTANT TRADING RULES::
     
    PLAN YOUR TRADE THEN TRADE YOUR PLAN.

    ALWAYS TRADE NEAR  GANN  LEVELS TO MINIMIZE RISK.

    NEVER BE RIGID IF SUPPORT & RESISTANCE LEVELS ARE BROKEN.

    NEVER TRADE WITHOUT STOP LOSS.

    PUT STOP LOSS IN THE SYSTEM NOT IN MIND.

     
    Risk disclosure, Disclaimer, Non-disclosure and conditions of use
     
    Art Of Trading(AOT)/ RRR PROFIT is an educational organization and its founder Shyamal Ranjan Sinha  intends to educate you on techniques and/or analysis and/or hypothetical trading strategies associated with W.D.GANN principle and other forms of market analysis. You have a unique opportunity to learn from the experiences and techniques taught by Shyamal Ranjan Sinha. However, the News Letter/ tutorials do not, and should not be implied to, provide that any level of success or profits shall be attained or realized as a direct result. This is an information service only
     
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