iCharts Discussions

[mogili]

Yes. Quick entry & quick exits. Need to be nimble footed though.

Rgds.

Mogili

[mogili]

Nifty Future & Spot

Buy Side: 4th target hit.

Cheers & Enjoy

[mogili]

Nifty Spot

Buy Side:5th target also hit.

Cheers & Enjoy the Ride

[mogili]

Today's Final Tally

Nifty Future

Buy Side: 4th target hit.

Nifty Spot

Buy Side: 5th target hit.

Enjoy & Have A Nice & Long Weekend

[amitagg]

just a comment......seeing what is happening each day.....has there been an "actual" loss day in past month? or 100% success rate?

[mogili]

Dear Amit,

Success rate is not 100 percent but certainly is very high. If trade is taken at the stipulated levels, the chances of hitting the targets are high. There are times when the index does not reach the required levels or some times markets become too choppy to initiate a trade. During such times, the targets are not met. After all, winning and losing are part of the game.

I must also say that what is required is faith and confidence in the system. In addition, right attitude and money management rules will ensure that strike rate is high.

In my view, success in stock markets is 80% psychology and 20% other things like technical analysis and so on. Mind management plays a crucial role for coming out with flying colors in stock markets.

I am just sharing my views.

Thanks & Regards.

Mogili

[amitagg]

Hi
Not sure I should be saying this but consider below as a request only:

Since u have been posing levels each day which can be found on various sites on click of button just as we do click your thread, as a learning trader I sincerely request and only request you (if you want the purpose of your posting levels to be served ie other readers benefitting) that

On any 2 or 3 if not 7 to 10 days (consecutively or otherwise) you just step aside and post your trades (or how " a sample trade") should be taken each day.....I know most don't like disturbence during market hours ..but just consider for few days)

Why I say this when u say that 5th target met, etc I wish to know how to benefit from it...say 250 quantity to be bought initially?

This is also very important to see how stop loss is placed when 1st target is hit say on buy and then reverses and hits 2nd on sell side (or any other complex trading environement)

Wonder why nobody mentioned this earlier but posting the "trade action plan" ..not necessarily actual trades and not necesarily immediate but as close as possible would really help to undertstand it.

I guess if your objective of posting levels is this, then you would understand why I am writing this...

Pls again not sure how to take what I am writing but if you or others have a different point of view that I do not know and I need to educate myself (, I shall be pleased to do that.

Thanks and regards
Amit

[mogili]

Hi,

Basically, I am using GSO 9 (EOD) Levels thread as guiding levels for myself during trading hours. Incidentally, others may also be reading it. The idea of posting these levels is to give broad levels of the market for the day. It’s true that these levels can be found on other sites and forums too. After all, its Gann’s Square of 9 levels and not mine. Hence, I don’t take credit for giving these levels.

Next, giving sample trades during trading hours may not serve the purpose because in my view intraday trading is a pure mind and money management game. I take a trade as per my thinking, analysis, risk bearing capacity and money management rules at that point of time taking into consideration other technical indicators and also Gann’s’ Square of 9 levels.

Further, giving intricate details like exact entry, exits, stop loss levels, quantity to be bought and sold can be done only by professional portfolio advisors and market specialists. I am neither a portfolio advisor nor a technical analyst nor an expert on the stock markets for that matter. I am also learning the intricacies of technical analysis in general and GSO 9 in particular.

Hence, GSO 9 levels may be used as broad levels of the market for the day. It’s for others how to make best use of these levels.

I've nothing more to add. I’m sure you’ll appreciate what I’ve said.

Thanks for your understanding.

With regards,

Mogili

[amitagg]

Perfect. I like your honest explanation to my honest question.
Regards
Amit

[mogili]

Gann Square of 9 (End of Day) Levels

Nifty FUTURE Levels for 18/11/13

Buy at/Above: 6103.52 Targets: 6120.00 6139.57 6159.17 6178.80 6198.46
Stoploss: 6084.00

Sell at/below: 6084.00 Targets: 6067.55 6048.09 6028.65 6009.25 5989.88
Stoploss: 6103.52

1st 2nd 3rd 4th 5th
Resistance: 6123.06 6142.64 6162.25 6181.89 6201.56

Support: 6064.52 6045.06 6025.64 6006.25 5986.89

Nifty SPOT Levels for 18/11/13

Buy at/Above: 6064.52 Targets: 6080.96 6100.46 6120.00 6139.57 6159.17
Stoploss: 6045.06

Sell at/below: 6045.06 Targets: 6028.65 6009.25 5989.88 5970.55 5951.24
Stoploss: 6064.52

1st 2nd 3rd 4th 5th
Resistance: 6084.00 6103.52 6123.06 6142.64 6162.25

Support: 6025.64 6006.25 5986.89 5967.56 5948.27

[mogili]

Nifty Future & Spot

Nifty opened gap up today.

Buy Side:4th target hit.

Cheers

[mogili]

Nifty Future & Spot

Buy Side: 5th target hit.

Cheers & Enjoy

[mogili]

Today's Final Tally

Nifty Future & Spot

Buy Side: 5th target hit.

Enjoy & Have A Nice Time

[kishjk7551]

[mogili]

Please go through the thread.

Thanks & regards.