iCharts Discussions

[umesh1]

booked 25 points 1st tgt cool from 4850 ,

[ConMan]

Dear Umesh

It hit your Stoploss after long ... it went below 4830

So you went short at 4830 ... which again hit your SL at 4850 ...

Now you are long with 4830 as SL ... and you are saying book 25 pts ...

If we book it now at 4875 ... then its at a loss of 15 pts ...

[umesh1]

ConMan ,
pls chk the time of call at 9.54,after 1st buy at 4850 it went upto 4866,you didnt book profit at 15 points thats your way or u shd have put TSL of costprice so you would have ended with no profit no loss trade,sell didnt trigger as i have mentioned earlier to enter sell if maintains 5 mins belo it and it comes back to sell point then sell,even if u triggered sell you hit sl at 4950 then you should have bought the same or double qty and you could have covered your loss of 20 points with same qty and 20 points profit with double qty as 50% to cover loss and 50% profit,even if you have taken these figures as fresh trader you would have been in profit,
only if 3 stoploss hits one shd avoid trading for day due to volatality
if trading one should do nifty 4 lots with 2 lots first tgt at 15 points ,2 tgt 1 lot 15 points and 3 tgt last lot,RISK and REWARD is your appetite,thanks for your view
Regards

[ConMan]

Dear Umesh

I dont trade basis this ... but I raised this point for benefits of many newbies who visit threads for calls. I dont see a place where you have mentioned your strategy rules. Doesnt really matter to me anyways.

Your risk reward itself talks about the strategy .... 20points risk for a 15points gain ... doubling the quantity and stuff...
I would call this pure gambling and nothing else ...

Anyways for benefits of the people who use your strategy ... please tell them the rules.

Hope you get what I meant in the right sense and dont try to defend this.

All the best & do well

[tanhadil1984]

[umesh1]

dear ConMan
hope you have made some profit today,after following the levels,at 12.50 it broke 4830 and went to 4817,and ccame up exactly 4830 againfor sell call,as mentioned these are not calls that as soon as it hit you have to enter in trade,nifty respects to come up to the points for entry.if you are unable to follow a trade system ,which are all speculative in lay mans word gambling ,then better remain as investor
I know doubling and all such terms are hard for you at this stage as ,you may ignore this topic as its not meant for fresh new babes in mkt as people who follow this thread know the rules of trading and trade on your basis,but do keep stoploss while trading people who didnt kept stoploss have had to stop trading,so enjoy your trading count the points not the money
All the best,god bless you
Regards

[ConMan]

[umesh1]

BENCH MARK for the DAY sell belo 4795 buy above 4815

[umesh1]

In 1st hour benchmark sell gave 15 points and unable to breach buy point strong resistance at 4815,lets watch screen ,

[umesh1]

buy target achieved successfully 20 points

[umesh1]

SELL TARGET ALSO ACHIEVED the benefits of rollercoaster

[umesh1]

ONLY GANN followers dont have to bother of such whipsaws 70 point fall in 10 mins tgt for day is over ENJOYYYY

[sairanga19]

as per ellifibogannicampivotpoint system, all system works to some extend. only thing that fails u is emotions

[umesh1]

[MILANCHN]

tgtst points not given at time of giving buy/sell callss.

culd u pl sspecify that also.