Gann Square of 9 – Gann Calculator
Gann square of 9 are support and resistance levels given by WD gann using a square of nine formulas. You can find the buy level and sell level of a particular stock along with Support levels (S1, S2, S3, S4) and Resistance levels (R1, R2,R3, R4).
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What is Gann square of Nine Calculator
Gann square of nine is 9X9 grid which represents the spiral chart by WD Gann. There is a start number and based on calculation , all subsequent numbers are calculated to form a spiral square.
How to use Gann Square of Nine effectively?
Calculating and picking a right stock using a square of nine gann calculators manually is a time taking process. In the nine calculator which is in intraday screener application, you can find the buy level and sell level of a particular stock along with Support levels (S1, S2, S3, S4) and Resistance levels (R1, R2,R3, R4). You can calculate the gann levels using Ltp or Close, you just need to click on it to choose ltp or close.
How to Use Gann Square of Nine Levels in Intraday Trading
Gann square of Nine levels on intradayscreener lists down Buy level and sell level along with targets R1 , R2 , S1 , S2 etc . You need to wait for stock to cross the buy level or sell level then look for targets as per R1/S1 , R2/S2 etc .
Its good to focus on only futures and options stocks while using gann calculator so that you have sufficient liquidity
Risk Management and Money Management
While using GANN Square of 9 Calculator in your real trading account , its very important to follow risk management and money management rules to be successful in trading . you need to follow below steps for a good risk management
- Don’t risk more than 1% of total capital in a day
- Take minimum 2 trades per day , with .5% at risk per trade.
- Keep strict stop loss while trading using Gann square of 9 levels
- Keep a monthly limit of 5% of trading capital at risk , if you lose 5% of trading capital, take break for whole month
Features available in the Gann Square of Nine?
In the Gann Square of 9, you can find the stocks buying and selling levels. Here you can find the data of buy and sell level of stocks along with its support levels S1, S2, S3, S4, and resistance levels, R1, R2, R3, R4 symbol name, last price, yesterday close. Lets try to understand what each of these columns represent and how to use them
|Symbol||It represents the stock symbol. If you click on the symbol you can find detailed information about the stocks.|
|Support Level(S1, S2, S3, S4, S5)||Different support levels as per WD gann levels|
|Resistance Level(R1, R2, R3, R4)||Different resistance levels as per WD gann levels|
|Sell Level||It indicates at which level a trader or investor can think of shorting their positions. |
|Buy Level||It indicates at which level a trader or investor can think of taking a buy position.|
|LTP||The full form of LTP is the Last Traded Price. The price at which the last trade occurs between the buyer and a seller in the stock exchange. The LTP value varies in the live market.|
|Yesterday Close||It represents the previous day’s closing stock price when the market officially closes for the day at 3.30pm.|